Market Introduction
The helicopter tourism market in North America is further segmented into Canada, the US, and Mexico. The availability of efficient infrastructure in developed countries has facilitated aircraft manufacturing companies to explore the limits of science, technology, and commerce. The US is a developed country in terms of modern technology, a standard of living, infrastructure, and many others. Technological advancements across North America have led to a highly competitive market. 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 most of the 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 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 provides a great potential for aerial tour service providers to grow in the market. Also, rising craze of Heli taxi service is the major factor driving the North America helicopter tourism market.
The ongoing COVID-19 outbreak is severely affecting North America. The US is the worst-hit country in North America due to the outbreak of COVID-19, with thousands of infected individuals facing severe health conditions across the country. Most of the tourist destinations were either temporarily shut or are operating with limited number of visitors as per government prescribed guidelines; the flying hours of helicopters at tourist destinations have been reduced drastically due to lack of passengers; these are some of the critical issues faced by the North American tourism industry. As per the study, more than 2/3rd of helicopter operators in the US admitted that their business has reduced by more than 50% in 2020 due to the ongoing pandemic. The US is one of the largest markets for helicopter tourism services, especially for aerial sightseeing of cities such as Vegas, New York, Grand Canyon, and Kauai. At present, all of them are operating with less tourists on board following the government set protocol of social distancing.
Market Overview and Dynamics
The helicopter tourism market in North America is expected to grow from US$ 272.50 million in 2021 to US$ 349.52 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The rapid innovations and technological developments by the companies operating in the market is projected to create new growth avenues in the North America helicopter tourism market. Further, increasing number of startups offering technological advancements is beneficial for the market growth. For instance, in December 2019, Skyryse, a US-based autonomous helicopter startup had demonstrated the technology that will be able to power the urban air taxis. The technology will be enabling the future air taxis to fly autonomously over cities. The company had also released the footage of its autonomous helicopter from a demonstration flight earlier in 2019. The startup is utilizing usual helicopters as the platform for demonstrating its technology. The company had released a video that depicted an altered Robinson R-44, a helicopter that flew itself with two backup pilots. Apart from this, emergence of startups including Volocotper and Ehang have revealed their autonomous aircraft over the past years.
Key Market Segments
The North America helicopter tourism market is segmented into tourism type and ownership type. Based on tourism type, the North America helicopter tourism market is further segmented into general tourism and customized tourism. The customized tourism segment held a substantial market share in 2020. Based on ownership type, the market is further categorized into fractional ownership and charter service. The charter service segment held a substantial market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the helicopter tourism market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bird's Eye View Helicopters LLC; Heli Chicago; Helicopter Flight Services, Inc.; Liberty helicopter; Maverick Aviation Group; Papillon Grand Canyon Helicopters; and Zip Aviation.
Reasons to buy report
North America Helicopter Tourism Market Segmentation
North America Helicopter Tourism Market - By Tourism Type
North America Helicopter Tourism Market - By Ownership Type
North America Helicopter Tourism Market - By Country
North America Helicopter Tourism Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 272.50 Million |
| Market Size by 2028 | US$ 349.52 Million |
| CAGR (2021 - 2028) | 3.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Tourism Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Helicopter Tourism Market is valued at US$ 272.50 Million in 2021, it is projected to reach US$ 349.52 Million by 2028.
As per our report North America Helicopter Tourism Market, the market size is valued at US$ 272.50 Million in 2021, projecting it to reach US$ 349.52 Million by 2028. This translates to a CAGR of approximately 3.6% during the forecast period.
The North America Helicopter Tourism Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Helicopter Tourism Market report:
The North America Helicopter Tourism Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Helicopter Tourism Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Helicopter Tourism Market value chain can benefit from the information contained in a comprehensive market report.
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