Market Analysis

Global COVID-19 Impact on Helicopter Tourism Market is likely to touch USD 941.6 million at a 4.17% CAGR between 2020 – 2023, according to the new report by Market Research Future (MRFR). Helicopter tourism, simply put, are tours that are provided to tourists/passengers in less crowded or popular places by the helicopters, in a country, offering them the opportunity and time for capturing the scenic aerial view. General tourism and customized tourism are the two types of helicopter tourism. The helicopter tour provides the utmost flexibility about the landing location and flying height. It provides tourists to have higher options at the time of the scenic flight. In fact, the flexibility that a helicopter offers in terms of landing location and flying height enables passengers to have further choices at the time of their scenic flight.

Various factors are propelling the global helicopter tourism market growth. According to the new MRFR report, such factors include widening scope in emerging economies, rising interest towards aerial sightseeing, positive economic outlook, and booming tourism industry. Rising business developments and prosperity, and shortage of transport infrastructure, especially in larger urban areas, are also adding market growth.

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On the contrary, the striking number of past helicopter accidents may limit the global helicopter tourism market growth over the forecast period. Besides, the lockdown and social distancing due to the COVID-19 pandemic have also affected the market considerably.

Key Players

Eminent players profiled in the Global COVID-19 Impact on Helicopter Tourism Market Report include Turkish Aerospace Industries Inc (Turkey), Robinson Helicopter Company (California), Enstrom Helicopter Corp (Michigan), AVIC (China), Sikorsky (U.S), Russian Нelicopters JSC (Moscow), Leonardo – S.p.A (Italy), MD HELICOPTERS, INC (Arizona), Bell Helicopter Textron Inc (Texas), and Airbus (Netherlands). Industry players have incorporated several strategies to create a niche in the market and also cater to customers growing needs. These strategies include yet are not limited to mergers & acquisitions, partnerships, collaborations, new product launch, new product development, geographic expansions, strategic alliances, joint ventures, and more.

Market Segmentation

The MRFR report gives an inclusive segmental analysis of the global helicopter tourism market report based on ownership and tourism type.

By tourism type, the Global COVID-19 Impact on Helicopter Tourism Market is segmented into general tourism and customized tourism. Of these, customized tourism will lead the market over the forecast period. It is likely to grow at a 4.28% CAGR.

By ownership, the global helicopter tourism market is segmented into joint ownership agreements, charter service, and fractional ownership. Of these, the fractional ownership segment will dominate the market over the forecast period. It is likely to grow at a 4.08% CAGR.

Regional Analysis

Based on the region, the Global COVID-19 Impact on Helicopter Tourism Market Report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, North America is predicted to dominate the market over the forecast period. Rising helicopter tourism in Peru, Mexico, Brazil, Canada, Argentina, and the US, the presence of advanced infrastructure & tourism destinations in these countries, and the presence of leading helicopter companies in the region are adding to the global helicopter tourism market growth in the region. Additional factors adding market growth include increasing partnerships with tourist resorts and favorable government regulations.

The global helicopter tourism market in Europe is predicted to hold the second-largest share over the forecast period. The presence of a huge number of tourist destinations and a steady rise in the number of helicopter companies are adding to the region’s helicopter tourism market growth.

The global helicopter tourism market in the APAC region is predicted to grow at a fast pace over the forecast period, and that in the RoW is predicted to have a sound growth over the forecast period.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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