The helicopter tourism market was valued at US$ 745 million in 2020 and is projected to reach US$ 1,014.9 million by 2028; it is expected to grow at a CAGR of 4.4% from 2021 to 2028.
Over the last few years, helicopters tourism is receiving high momentum across the world. In the past 5 years, the launch of new tourist destinations has brought about a new era in the global travel and tourism industry. With rise in the number of tourism operators, there has been an increased demand for aerial tours as well as for number of helicopters. Helicopters have been witnessing significant demand from the commercial customers apart from air ambulance and governmental carriers. In the recent years, the tourism through helicopters is soaring in different cities of developed countries as well as developing nations, which is bolstering the helicopter tourism market growth. Additionally, increase in commercial helicopter manufacturers across the world has resulted in increase in procurement of civilian helicopters for tourism. Coupling this fact with the increase in demand for aerial tourism is reflecting growth in helicopter tourism market. The reduction in tourism cost per hour in price-sensitive regions is anticipated to facilitate the market players in helicopter tourism market to witness growth in their annual sales, thereby, catalyzing the demand for helicopter tourism market. North America is the prominent region in the helicopter tourism market and the APAC region is anticipated to be the fastest-growing region in terms of CAGR during 2019–2027
In the North American countries, travel and tourism have emerged as the dominant tool for economic growth. Aerial tours are anticipated to be one of the most robust markets for the travel and tourism industry. Countries are focusing on generating revenues from both group and solo travel. Travel agencies and operators in North America have significant influence in shaping modern tourism activities. The US generates the majority of travel spending in North America. Digital advances have brought benefits for both travelers and travel operators in the region. Travelers can be benefited from aerial tour services companies that provide affordable and efficient services, which are customized according to needs and preferences. Technologies such as artificial intelligence and the Internet of Things (IoT) play a significant role in travel and tourism market. With the help of artificial intelligence, providers can connect with travelers before and during their trips. A mobile assistant integrated with AI helps travelers with their journey. In addition, the use of digital payments or instant payments can help organizations make the payments securely. Hence, the implementation of such technologies provide a great potential for aerial tour service providers to grow in the market.
Impact of COVID-19 Pandemic on Helicopter Tourism Market
The COVID-19 pandemic has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients compelled governments to put a restriction on transportation of goods and humans’ movement. The tourism sector witnessed severe losses due to travelling restrictions imposed by several country’s government across the world, which led drastic fall in number of visitors at tourist places. According to latest situation report from the World Health Organization (WHO), the major tourism countries such as the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, India, and China are some of the worst affected due to COVID-19 outbreak. Additionally, the social or physical distancing measures imposed by governments have put limitations on the social gathering at tourist destinations. These adversities led to the reduction in the business volume of helicopter tourism market.
Lucrative Regions for Helicopter Tourism Providers
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Helicopter Tourism Market Insights
Increasing Interest Toward Aerial Sightseeing
Sightseeing with the help of helicopters are rapidly gaining interest among the population as it offers an innovative way for exploring a scenic attraction or a vacation spot. Owing to the maneuverability of helicopters in several directions, these rotorcrafts help the visitors in getting a closer view of scenic places including beaches, volcanoes, and mountain ranges. Further, the ease of booking these tours in combination with the hotel stays or as a part of meeting packages or conventions is driving the overall growth of the helicopter tourism market. Many scenic destinations, including Hong Kong Skyline, Iguazu Falls, Ellis Island, grand canyon, Hawaii, great barrier reef, Amalfi Coast, Mendenhall Glacier, Niagara Falls, Chicago’s skyline & streetscape, Victoria Falls, Rio’s electric beachfront town, Bays in San Francisco, Cape Town’s Durbanville Hills, Mount Everest, Seattle’s skyline, Sydney Opera House, New Zealand’s Fox Glacier, Canada’s Columbia Mountains, and Kenya’s Laikipia Plateau, are gaining an enormous interest among the tourist. Hence, this factor has driven the helicopter tourism market to a significant extent.
Tourism type Based Market Insights
Based on tourism type, the Helicopter tourism market is segmented into general tourism and customized tourism. The customized tourism segment dominates the market. The major benefit of customized tours is the travelers have the chance to go anywhere and anytime. Further, these customized tours also guarantee the client a unique and exclusive experience. Likewise, the various helicopter tour service providers offer customized tours to their customers depending on their desire to travel.
Ownership type Based Market Insights
Based on ownership type, the Helicopter tourism market is segmented into fractional ownership and charter service. The charter service segment dominated the market in 2020. Through fractional ownership helicopters, the customers purchase a share of a plane, rather than an entire helicopter. Fractional helicopters are professionally maintained and the owners of the helicopter pay a monthly maintenance and hourly operating fee. The fractional ownership saves repositioning or deadheading costs. Purchasing one-sixteenth to one-half ownership of the aircrafts offer adequate availability for several people.
Helicopter Tourism Market, by Ownership Type—2020 and 2028
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Helicopter tourism Market: Strategic Insights
Market Size Value in US$ 745 Million in 2020 Market Size Value by US$ 1,014.9 Million by 2028 Growth rate CAGR of 4.4% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Helicopter tourism Market: Strategic Insights
| Market Size Value in | US$ 745 Million in 2020 |
| Market Size Value by | US$ 1,014.9 Million by 2028 |
| Growth rate | CAGR of 4.4% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The players operating in the helicopter tourism market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
In 2020, HeliNY launched the NYC Harbor Experience departing from Linden, NJ just 45 minutes outside Manhattan.
In December 2020, Maverick Helicopters introduced two all-new Las Vegas and Red Rock Canyon sightseeing and aerial experiences, Neon & Nature and Neon & Nature Sunset. Travelers can witness the majestic Mojave Desert and fly over Red Rock Canyon in a luxury helicopter, followed by a one-of-a-kind, exclusive landing overlooking the Las Vegas Strip and the surrounding mountain landscape.
In August 2020, Papillon Grand Canyon Helicopters introduced two brand new, exclusive packages featuring a luxury dining experience and a fabulous night flight of the Las Vegas Strip. The plan starts at US$199 per person.
Segmentation
By Tourism type
- General tourism
- Customized tourism
By Ownership type
- Fractional ownership
- Charter service
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Accretion Aviation
- Bird's Eye View Helicopters LLC
- Liberty helicopter
- Cape Town Helicopters
- Helicopter Flight Services, Inc.
- Maverick Aviation Group
- Papillon Grand Canyon Helicopters
- Zip Aviation
- Heli Chicago
- Lisbon Helicopters
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Tourism Type and Ownership Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Travel and tourism industry is one of the few industries that has undergone throughout the crisis, attaining sustained growth in the last few years. There is also a general consent in optimistic prospects for the near future. On the other hand, Tourism industry is playing a significant role in developing incoming destinations, as well as contributing to the GDP, creation of jobs, exports, and new ventures. Tourism sector can be classified into two types namely, general tourism and customized tourism. The customized tourism is booming across the globe and is leading the global helicopter tourism market in the current scenario.
Rising growth in tourism industry paired with positive economic outlook, increasing interest towards aerial sightseeing, and increasing adoption of heli taxi service is driving the growth of the helicopter tourism market. The Heli-Taxi service reduces travelling time significantly that required to reach destination and offers a comfortable journey to elder age and physically challenged tourists. Thus, the Heli-Taxi service is gaining popularity across all regions and growing rapidly at tourist destinations worldwide.
Presently, North America held the largest revenue share of global helicopter tourism market. In the North America region, travel and tourism have been observed as a crucial aspect for economic growth. In the North American countries, travel and tourism have emerged as the dominant tool for economic growth. Aerial tours are anticipated to be one of the most robust markets for the travel and tourism industry. Countries are focusing on generating revenues from both group and solo travel.
The List of Companies - Helicopter tourism Market
- Accretion Aviation
- Bird's Eye View Helicopters LLC
- Liberty helicopter
- Cape Town Helicopters
- Helicopter Flight Services, Inc.
- Maverick Aviation Group
- Papillon Grand Canyon Helicopters
- Zip Aviation
- Heli Chicago
- Lisbon Helicopters
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- Data Collection and Secondary Research:
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- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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