Helicopter Tourism Market Overview:

The global helicopter tourism market will touch USD 1.12 billion at a 3.56% CAGR by 2030, as per the recent Market Research Future report.

Drivers:

Popularity of Helicopter Trips to Boost Market Growth 

The helicopter tourism industry is growing as more people choose to take helicopter tours. The increase in air travel in the past few decades has made it possible for low-cost flights. The number of customers choosing helicopter adventures increased as a result. The global helicopter tourism market anticipates that preference for helicopters as the ideal travel mode for older travelers or people having disabilities, and an outstanding travel experience, will fuel this market’s future growth. This is because helicopters offer passengers on lower flights improved visibility and the chance to visit locations that would otherwise be inaccessible.

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Key Players:

Eminent industry players profiled in the helicopter tourism market report include Chicago Helicopter Tours, Sydney Helicopters, Maverick Helicopters, Cape Town Helicopters, Bravo Helicopters, Heliair Venice, Liberty Helicopter, Kaikoura Helicopters, Barcelona Helicopters, SUNDANCE HELICOPTERS, Birds Eye View Helicopters, HELI-JET AVIATION, Niagara Helicopters among others.

Opportunities:

Application of Novel Technologies like AI and IoT to offer Robust Opportunities 

The Internet of Things & artificial intelligence have a significant influence on the travel and tourist industry. Artificial intelligence has made it feasible to communicate before and after trips. The aid of a smartphone app that uses artificial intelligence (AI) is beneficial to travelers. The simplicity and security which digital or rapid payments offer can also be advantageous to businesses. With the use of such new technology, aerial tour service firms will have a lot of potential to expand.

Restraints and Challenges:

Aviation Restrictions to act as Market Restraint 

Aviation restrictions, lack of infrastructure, and high price of helicopters may act as market restraints over the forecast period. 

Besides, the COVID-19 impact may also impede market growth. 

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Market Segmentation:

The global helicopter tourism market is bifurcated based on types and applications.

By types, customized tourism will lead the market over the forecast period.

By applications, family tourism will domineer the market over the forecast period.

Regional Analysis:

North America to Head Helicopter Tourism Market 

Due to the drop in the price of crude oil and the increase of domestic travelers throughout the U.S., North America led the market in 2021. The largest defense spending and many purchases of cutting-edge lightweight helicopters from Lockheed Martin Corporation, Bell Textron, and other suppliers are also credited with the rise of the regional market. North America is anticipated to have a dominant share of the market in the year after the base year as a consequence of the influx of domestic visitors and the decline in crude oil prices. The main drivers of North America’s economic growth have been travel and tourism. One of the tourism and travel industry’s fastest-growing subsectors is anticipated to be aerial excursions. Individual and group travel is significant economic drivers for nations. The direction which tourism is going in the modern world is heavily influenced by North American travel agencies and tour operators. The United States dominates travel spending in North America. Technology improvements in the area have helped travelers and tour operators alike.

APAC to Have Admirable Growth in Helicopter Tourism Market 

Due to the increase in helicopter operators, increasing demand for helicopters, and growing need for search and rescue missions, Asia-Pacific had the fastest growth rate in the helicopter tourism market in 2021. Many travelers now choose helicopter rides as a result of these reasons encouraging tour providers to offer inexpensive trips. In Asia, the helicopter tourism industry is expanding quickly at the moment. This is brought on by a variety of aspects, including the rise in rich tourists in the area, the need for uncommon experiences, and the accessibility of new technology that make travelling by helicopter more feasible. The Taj Mahal, Angkor Wat temple complex and the Great Wall of China are just a few of the renowned sites that call this region home. Helicopter excursions are a terrific way to visit these tourist hotspots, which are growing in popularity. Avic in China and Kamov in Russia are two of the most technologically sophisticated helicopter producers in the world. These businesses manufacture excellent helicopters that are perfect for the tourist industry. Last but not least, the area is home to a number of nations with welcoming laws for helicopter tourism.

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