Helicopter Tourism Market Recorded 28.94% Annual Growth Rate in 2021 | Driven by the growing use of commercial helicopters

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NEW YORK, June 20, 2022 /PRNewswire/ — The size of the helicopter tourism market is expected to increase by $871.35 million from 2020 to 2025. However, the growth momentum is expected to slow to a CAGR of 17.31% according to Technavio’s latest market report. The key factor driving the helicopter tourism market is the the increasing use of commercial helicopters. Conventional means of transport have not been able to keep pace with population growth, necessitating alternative transport solutions. The growing prosperity of countries and the development of business will drive demand for air travel in city centers, especially in emerging markets. Additionally, low fuel prices and large investments have boosted the market for urban heliports and made helicopter transportation possible. However, over the years, with the rapid increase in fuel prices (equivalent to a third of operating costs), only a few passenger helicopters remained operational. Despite these disincentives, and especially with declining crude oil prices, the global rotorcraft industry has flourished and grown.

Technavio has announced its latest market research report titled Helicopter Tourism Market by Type and Geography – Forecast and Analysis 2021-2025

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Helicopter Tourism Market: Segmentation Analysis

Helicopter Tourism Market is segmented by type (general and custom) and geography (North AmericaACPA, Europe, South Americaand MEA).

Type Landscape

  • The growth of the helicopter tourism market share by general section will be important for revenue generation.

  • One of the main factors that determine tourists’ preference for helicopter flights is the price of services and products.

  • Growth would be particularly high in APAC, with more than half of the number of new passengers coming from this region. Also, adventure tours such as helicopter tours are not just for people in younger age groups.

Geography Landscape

  • 54% of market growth will come from North America during the forecast period.

  • The United States is the key market for the helicopter tourism market in North America. The growth of the market in this region will be faster than the growth of the market in the regions.

  • North America dominates global helicopter tourism demand, with the United States and Canada being the main markets in the region. These countries have advanced infrastructure, attractive tourist destinations and a number of natural and architectural tourist attractions that will facilitate the growth of the helicopter tourism market in North America over the forecast period.

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Companies covered:

The helicopter tourism market is fragmented and vendors are deploying various organic and inorganic growth strategies to compete in the market.

  • Birds Eye View Helicopters Inc.

  • Cape Town Helicopters

  • Sodarca Group

  • Heliair.it Srl

  • Helipistas Sl (Barcelona Helicopters)

  • Liberty helicopters

  • Maverick Aviation Group

  • Mid West Helicopters

  • Butterfly Grand Canyon Helicopters

  • Sydney Helicopters

  • To know the offers of the suppliers – Click now!

Get ready to achieve great business results with this exclusive Helicopter Tourism Market Technavio report. The report will include highlights of the overall market, which includes frequently asked questions such as –

  • What are the historical revenue figures and estimated revenue figures along with the CAGR during the forecast period?

  • What is the current trend in the market?|

  • What are the business tactics that will influence the competitive scenarios while defining the growth potential of the market?

  • What are the market drivers, restraints, and challenges impacting market demand and growth?

  • Which regions and segments will generate massive revenue and emerge as market leaders in the coming years?

The competitive scenario predicted in the Helicopter Tourism Market report analyzes, evaluates and positions companies based on various performance indicators. Some of the factors taken into consideration for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc. Don’t wait, take a strategic approach and boost your business goals with our Helicopter Tourism Market Forecast Report – Buy now!

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Scope of the Helicopter Tourism Market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Slowing down to a CAGR of 17.31%

Market Growth 2021-2025

$871.35 million

Market structure

Fragmented

Annual growth (%)

28.94

Successful market contribution

North America at 54%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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 Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and get custom segments.

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Type

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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