Helicopter Tourism Market Scope
The introduction of new tourist destinations has fueled a revolution in the global tourism industry. With the increase in the number of tourism service providers, there has been a significant growth in the demand for air travel and a simultaneous rise in the number of aircraft and helicopters. Some countries, such as Australia, France, Spain, South Africa, Hong Kong, Indonesia, the UK, and the US have been the major beneficiaries of global tourism over the years. The growing popularity of helicopter travel is one of the primary drivers of the market growth. The significant growth in air travel over the years has led to travel companies offering low-priced flights. This, in turn, has increased the number of customers opting for helicopter rides. The preference for helicopters as the ideal mode of travel for older tourists and passengers with disabilities, the benefit of a better view for the passengers as they fly lower, and the provision of a unique tour experience as it can travel to hard-to-reach places, will drive the growth of the market in the next few years.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Niagara Helicopters Limited (Canada), Cape Town Helicopters (South Africa), Maverick Aviation Group (U.S.A), Kaikoura Helicopters Ltd (New Zealand), Bravo Helicopters LLC (U.S.A), Birds Eye View Helicopters LLC (U.S.A), Sundance Helicopters, Inc. (U.S.A), Sydney Helicopters Pty. Ltd. (Australia), Grupo Sodarca(Portugal), Heliair.it Srl (Italy) and Liberty Helicopters (U.S.A) |
CAGR | % |
The helicopter tourism market is characterized by a diverse range of competitors, each offering unique experiences to cater to different segments of the tourism industry. As a whole, the market is driven by a growing demand for adventure, luxury, and personalized travel experiences
Niagara Helicopters Limited (Canada), Cape Town Helicopters (South Africa), Maverick Aviation Group (U.S.A), Kaikoura Helicopters Ltd (New Zealand), Bravo Helicopters LLC (U.S.A), Birds Eye View Helicopters LLC (U.S.A), Sundance Helicopters, Inc. (U.S.A), Sydney Helicopters Pty. Ltd. (Australia), Grupo Sodarca(Portugal), Heliair.it Srl (Italy) and Liberty Helicopters (U.S.A) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Helicopter Tourism market by Type , by Application (Individual Tourism, Family Tourism, Group Tourism and Others) and Region with country level break-up.
On the basis of geography, the market of Helicopter Tourism has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In July 2021, Maverick completed the acquisition of Bristow Instruments. The Maverick team, comprised of enthusiastic entrepreneurs boasting substantial expertise in the aviation sector, is poised to revitalize Bristow and drive the company's expansion.
In September 2023, Cape Town Helicopters introduced a new hangar and a range of products at the renowned V&A Waterfront Heliport in Cape Town. These enhancements offer a novel level of adventure and luxury travel in the Cape, allowing visitors to discover the region's natural wonders and attractions from a unique vantage point.
Influencing Trend:
The expanding phenomenon of upscale tourism and the inclination towards distinct, tailored experiences are additionally propelling market expansion.
Market Growth Drivers:
The increasing population of adventurous tourists and travel aficionados, eager to invest in one-of-a-kind experiences, is fueling the demand for helicopter tours
Challenges:
Helicopter tours frequently hinge on weather conditions. Unfavorable weather, encompassing elements like fog, rain, or powerful winds, can have an impact on visibility, rendering flying difficult and perilous.
Restraints:
The Increasing number of accidents. Due to the multitude of movable parts and components in helicopters, technical failures can rapidly result in the loss of control over the aircraft
Opportunities:
Collaborating with the media and entertainment industry to provide aerial filming and photography services