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Helicopter Tourism Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43420
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The helicopter tourism market share is expected to increase by USD 871.35 million from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 17.31%.

This helicopter tourism market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers helicopter tourism market segmentation by type (general and customized) and geography (North America, APAC, Europe, South America, and MEA). The helicopter tourism market report also offers information on several market vendors, including Birds Eye View Helicopters Inc., Cape Town Helicopters, Grupo Sodarca, and Heliair.it Srl, Helipistas Sl (Barcelona Helicopters), Liberty Helicopters, Maverick Aviation Group, Mid West Helicopters, Papillon Grand Canyon Helicopters, and Sydney Helicopters among others.

What will the Helicopter Tourism Market Size be During the Forecast Period?

Helicopter Tourism Market Size

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Helicopter Tourism Market: Key Drivers, Trends, and Challenges

The increasing use of commercial helicopters is notably driving the helicopter tourism market growth, although factors such as the mounting number of accidents may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the helicopter tourism industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Helicopter Tourism Market Driver

One of the key factors driving the helicopter tourism market is the increasing use of commercial helicopters. The conventional methods of transportation have not been able to keep up with the growing population, leading to the need for alternative commuting solutions. The increasing prosperity of countries and business developments will result in demand for inner-city air travel, particularly in the emerging markets.  Furthermore, low fuel prices and large investments have driven the urban heliports market and made helicopter transportation look feasible. However, over the years, with the rapid increase in fuel prices (equivalent to one-third of the operating costs), only a few passenger helicopters have remained operational. Despite such deterrents, and particularly with the decline in crude oil prices, the global rotorcraft industry has thrived and progressed. In addition, with the demand surpassing the supply of new commercial medium and heavy helicopters, the market dynamics for helicopter tourism services seem promising in the forecast period. Moreover, it is also anticipated that the manufacturers of civil or business helicopters will register growing demand during and post the forecast period.

Key Helicopter Tourism Market Trend

The alliance between helicopter operators and resorts is another factor supporting the helicopter tourism market growth in the forecast period. Joint business operations and partnerships are among the key trends that the commercial helicopter industry will witness in the coming years. Helicopter operators, similar to airlines, establish strategic relationships with hospitality service providers like resorts and tourism companies to offer incentives to their flyers. This has also been an effective approach for both the helicopters and their partners to create awareness about their offerings and eventually maximize their annual revenue. For example, the Palazzo Resort, Las Vegas, US, has entered an agreement with a private helicopter company to offer rides to hotel guests rides in and around the Grand Canyon. Similarly, Dezaiko Lodge has partnered with Aberdeen Helicopters, a Canada-based company. Likewise, Alpine Helicopters, another Canada-based company, has been in a strategic partnership with Canadian Mountain Holidays for over 35 years. Such strategic partnerships are convenient for the tourists and also drive the revenues of the helicopter companies. The growing number of such partnerships increases the revenue of the resorts/hotels or tourism firms and enhances the magnitude and scope of the helicopter tourism market.

Key Helicopter Tourism Market Challenge

A mounting number of accidents will be a major challenge for the helicopter tourism market during the forecast period. Helicopters have a large number of moveable parts and components (such as the main and tail rotors, driveshaft, and gearbox), which increases the possibilities of a potential malfunction. If any of these components/parts break down, the helicopter will get out of control. In addition, as these parts are in constant motion, there is a strong probability that they will wear out quickly. Moreover, helicopters are tougher to handle than airplanes. Also, as reported by researchers, the helicopter accident rate (7.5) is much higher than the airplane accident rate (0.175) for every 100,000 flying hours. Therefore, the rapidly increasing numbers of such accidents discourage tourists from traveling in helicopters. Although sufficient training is provided to pilots, technical malfunctions can render them unable to handle the craft and result in casualties and damage to property.

This helicopter tourism market analysis report also provides detailed information on other upcoming trends and challenges that will affect market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global helicopter tourism market as a part of the global leisure facilities market within the overall hotels, restaurants, and leisure market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the helicopter tourism market during the forecast period.

Who are the Major Helicopter Tourism Market Vendors?

The report analyzes the global leisure facilities market within the overall hotels, restaurants, and leisure market's competitive landscape and offers information on several market vendors, including:

 

  • Birds Eye View Helicopters Inc.
  • Cape Town Helicopters
  • Grupo Sodarca
  • Heliair.it Srl
  • Helipistas Sl (Barcelona Helicopters)
  • Liberty Helicopters
  • Maverick Aviation Group
  • Mid West Helicopters
  • Papillon Grand Canyon Helicopters
  • Sydney Helicopters

 

This statistical study of the helicopter tourism market encompasses successful business strategies deployed by the key vendors. The helicopter tourism market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Heliair.it Srl - The company offers various helicopter tourism plans with route names such as Venice and the islands, Venice the islands and the Chioggia, and more.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The helicopter tourism market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Helicopter Tourism Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the helicopter tourism market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global leisure facilities market within the overall hotels, restaurants, and leisure market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Helicopter Tourism Market?

Helicopter Tourism Market Market segmentation by region

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54% of the market's growth will originate from North America during the forecast period. The US is the key market for the helicopter tourism market in North America. Market growth in this region will be faster than the growth of the market in regions.

North America dominates the global demand for helicopter tourism, with the US and Canada being the region's major markets. These countries have advanced infrastructures, attractive tourist destinations, and a number of natural and architectural tourist attractions which will facilitate the helicopter tourism market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the spread of COVID-19 widely across North America, especially in the US, hindered the growth of the market in focus. Governments of almost all countries, such as the US, Canada, and Mexico, shifted their focus toward the healthcare industry to control the spread of the disease and reduce the mortality rate associated with the disease. As a result, the demand for new helicopter tourism services decreased in the region in 2020, which negatively impacted the market in focus in 2020. However, currently, the vendors in the region are offering helicopter tourism packages and travel services, with all the precautionary measures in place to control the spread of the disease. The helicopter tourism market in the region is expected to grow at a moderate rate in the forecast period.

What are the Revenue-generating Type Segments in the Helicopter Tourism Market?

Helicopter Tourism Market Segmentation

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The helicopter tourism market share growth by the general segment will be significant during the forecast period. One of the major factors that determine tourist preference for helicopter rides is the price of the services and commodities. The growth would especially be high in APAC, with more than half of the total number of new passengers coming from this region. In addition, adventure tours such as helicopter tours are not restricted to people belonging to young age groups.

This report provides an accurate prediction of the contribution of all the segments to the growth of the helicopter tourism market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Helicopter Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 17.31%

Market growth 2021-2025

$ 871.35 million

Market structure

Fragmented

YoY growth (%)

28.94

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 54%

Key consumer countries

US, Australia, New Zealand, Iceland, and Nepal

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Birds Eye View Helicopters Inc., Cape Town Helicopters, Grupo Sodarca, Heliair.it Srl, Helipistas Sl (Barcelona Helicopters), Liberty Helicopters, Maverick Aviation Group, Mid West Helicopters, Papillon Grand Canyon Helicopters, and Sydney Helicopters

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Helicopter Tourism Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive helicopter tourism market growth during the next five years
  • Precise estimation of the helicopter tourism market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the helicopter tourism industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of helicopter tourism market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Leisure Facilities

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 General - Market size and forecast 2020-2025
      • Exhibit 17: General - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: General - Year-over-year growth 2020-2025 (%)
    • 5.4 Customized - Market size and forecast 2020-2025
      • Exhibit 19: Customized - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Customized - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 21: Market opportunity by Type

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 APAC - Market size and forecast 2020-2025
      • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 38: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 39: Landscape disruption
          • Exhibit 40: Industry risks
        • 9.3 Competitive Landscape

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • 10.3 Birds Eye View Helicopters Inc.
              • Exhibit 43: Birds Eye View Helicopters Inc. - Overview
              • Exhibit 44: Birds Eye View Helicopters Inc. - Product and service
              • Exhibit 45: Birds Eye View Helicopters Inc. - Key offerings
            • 10.4 Cape Town Helicopters
              • Exhibit 46: Cape Town Helicopters - Overview
              • Exhibit 47: Cape Town Helicopters - Product and service
              • Exhibit 48: Cape Town Helicopters - Key offerings
            • 10.5 Grupo Sodarca
              • Exhibit 49: Grupo Sodarca - Overview
              • Exhibit 50: Grupo Sodarca - Product and service
              • Exhibit 51: Grupo Sodarca - Key offerings
            • 10.6 Heliair.it Srl
              • Exhibit 52: Heliair.it Srl - Overview
              • Exhibit 53: Heliair.it Srl - Product and service
              • Exhibit 54: Heliair.it Srl - Key offerings
            • 10.7 Helipistas Sl (Barcelona Helicopters)
              • Exhibit 55: Helipistas Sl (Barcelona Helicopters) - Overview
              • Exhibit 56: Helipistas Sl (Barcelona Helicopters) - Product and service
              • Exhibit 57: Helipistas Sl (Barcelona Helicopters) - Key offerings
            • 10.8 Liberty Helicopters
              • Exhibit 58: Liberty Helicopters - Overview
              • Exhibit 59: Liberty Helicopters - Product and service
              • Exhibit 60: Liberty Helicopters - Key offerings
            • 10.9 Maverick Aviation Group
              • Exhibit 61: Maverick Aviation Group - Overview
              • Exhibit 62: Maverick Aviation Group - Product and service
              • Exhibit 63: Maverick Aviation Group - Key offerings
            • 10.10 Mid West Helicopters
              • Exhibit 64: Mid West Helicopters - Overview
              • Exhibit 65: Mid West Helicopters - Product and service
              • Exhibit 66: Mid West Helicopters - Key offerings
            • 10.11 Papillon Grand Canyon Helicopters
              • Exhibit 67: Papillon Grand Canyon Helicopters - Overview
              • Exhibit 68: Papillon Grand Canyon Helicopters - Product and service
              • Exhibit 69: Papillon Grand Canyon Helicopters – Key news
              • Exhibit 70: Papillon Grand Canyon Helicopters - Key offerings
            • 10.12 Sydney Helicopters
              • Exhibit 71: Sydney Helicopters - Overview
              • Exhibit 72: Sydney Helicopters - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 73: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 74: Research Methodology
                • Exhibit 75: Validation techniques employed for market sizing
                • Exhibit 76: Information sources
              • 11.4 List of abbreviations
                • Exhibit 77: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Helicopter Tourism Market market growth will increase by $871.35 mn during 2021-2025.
              The helicopter tourism market market is expected to grow at a CAGR of 17.31% during 2021-2025.
              Technavio has segmented the helicopter tourism market market by type (general and customized) and geography (North America, APAC, Europe, South America, and MEA).
              Birds Eye View Helicopters Inc., Cape Town Helicopters, Grupo Sodarca, Heliair.it Srl, Helipistas Sl (Barcelona Helicopters), Liberty Helicopters, Maverick Aviation Group, Mid West Helicopters, Papillon Grand Canyon Helicopters, Sydney Helicopters are a few of the key vendors in the helicopter tourism market market.
              North America will register the highest growth rate of 54% among the other regions. Therefore, the helicopter tourism market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Australia
              • New Zealand
              • Iceland
              • Nepal
              The key factors driving the helicopter tourism market market growth are:
              • Decline in global crude oil prices
              The helicopter tourism market market vendors should focus on grabbing business opportunities from the general segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Five-force market analysis

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