North America Helicopter Tourism Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Tourism Type (General Tourism and Customized Tourism) and Ownership Type (Fractional Ownership and Charter Service)
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.
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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
- To understand the North America helicopter tourism market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America helicopter tourism market.
- Efficiently plan M&A and partnership deals in North America helicopter tourism market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America helicopter tourism market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Helicopter Tourism Market Segmentation
North America Helicopter Tourism Market - By Tourism Type
- General tourism
- Customized tourism
North America Helicopter Tourism Market - By Ownership Type
- Fractional ownership
- Charter service
North America Helicopter Tourism Market - By Country
- US
- Canada
- Mexico
North America Helicopter Tourism Market - Company Profiles
- Bird's Eye View Helicopters LLC
- Heli Chicago
- Helicopter Flight Services, Inc.
- Liberty helicopter
- Maverick Aviation Group
- Papillon Grand Canyon Helicopters
- Zip Aviation
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Helicopter Tourism Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Expert Opinions
4.4 North America PEST Analysis
5. North America Helicopter Tourism Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Surging Growth in Tourism Industry Combined with Positive Economic Outlook
5.1.2 Aerial Sightseeing Gaining Interest of Tourists
5.1.3 Rising Acceptance of Heli Taxi Service
5.2 Key Market Restraint
5.2.1 Alarming Number of Past Helicopter Accidents
5.3 Future Trend
5.3.1 Upcoming of Autonomous Flight Technology
5.4 Impact Analysis of Drivers and Restraints
5.4.1 North America Helicopter Tourism Market Impact Analysis of Drivers and Restraints
6. Helicopter Tourism Market – North America Analysis
6.1 North America Helicopter Tourism Market Overview
6.2 North America Helicopter Tourism Market Forecast and Analysis
7. North America Helicopter Tourism Market Analysis – By Tourism Type
7.1 Overview
7.2 North America Helicopter Tourism Market Breakdown, By Tourism Type, 2018 & 2027
7.3 General Tourism
7.3.1 Overview
7.3.2 General Tourism Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Customized Tourism
7.4.1 Overview
7.4.2 Customized Tourism Market Revenue and Forecasts to 2028 (US$ Million)
8. North America Helicopter Tourism Market Analysis – By Ownership Type
8.1 Overview
8.2 North America Helicopter Tourism Market Breakdown, By Ownership Type, 2018 & 2027
8.3 Fractional Ownership
8.3.1 Overview
8.3.2 Fractional Ownership Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Charter Service
8.4.1 Overview
8.4.2 Charter Service Market Revenue and Forecasts to 2028 (US$ Million)
9. North America Helicopter Tourism Market – Country Analysis
9.1 Overview
9.1.1 North America Helicopter Tourism Market Breakdown, by Country
9.1.1.1 US Helicopter Tourism Market Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US Helicopter Tourism Market Breakdown, by Tourism Type
9.1.1.1.2 US Helicopter Tourism Market Breakdown, by Ownership Type
9.1.1.2 Canada Helicopter Tourism Market Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada Helicopter Tourism Market Breakdown, by Tourism Type
9.1.1.2.2 Canada Helicopter Tourism Market Breakdown, by Ownership Type
9.1.1.3 Mexico Helicopter Tourism Market Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico Helicopter Tourism Market Breakdown, by Tourism Type
9.1.1.3.2 Mexico Helicopter Tourism Market Breakdown, by Ownership Type
10. Impact of COVID-19 Outbreak on North America Helicopter Tourism Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Bird's Eye View Helicopters LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Liberty helicopter
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Helicopter Flight Services, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Maverick Aviation Group
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Papillon Grand Canyon Helicopters
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Zip Aviation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Heli Chicago
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Recent Helicopter Crashes
Table 2. North America Helicopter Tourism Market Revenue and Forecasts to 2028 (US$ Million)
Table 3. US Helicopter Tourism Market Revenue and Forecast to 2028 – By Tourism Type (US$ Million)
Table 4. US Helicopter Tourism Market Revenue and Forecast to 2028 – By Ownership Type (US$ Million)
Table 5. Canada Helicopter Tourism Market Revenue and Forecast to 2028 – By Tourism Type (US$ Million)
Table 6. Canada Helicopter Tourism Market Revenue and Forecast to 2028 – By Ownership Type (US$ Million)
Table 7. Mexico Helicopter Tourism Market Revenue and Forecast to 2028 – By Tourism Type (US$ Million)
Table 8. Mexico Helicopter Tourism Market Revenue and Forecast to 2028 – By Ownership Type (US$ Million)
Table 9. Glossary of Term: Helicopter Tourism Market
LIST OF FIGURES
Figure 1. North America Helicopter Tourism Market Segmentation
Figure 2. North America Helicopter Tourism Market Segmentation – By Country
Figure 3. North America Helicopter Tourism Market Overview
Figure 4. US to Dominate the Market Throughout the Forecast Period
Figure 5. Customized Tourism held the Largest Market Share in 2020
Figure 6. Fractional Ownership held the Largest Market Share in 2020
Figure 7. North America Helicopter Tourism Market Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. North America – PEST Analysis
Figure 10. North America Helicopter Tourism Market Forecast and Analysis (US$ Million)
Figure 11. North America Helicopter Tourism Market Breakdown, By Tourism Type, 2020 and 2028 (%)
Figure 12. North America General Tourism Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. North America Customized Tourism Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. North America Helicopter Tourism Market Breakdown, By Ownership Type, 2020 and 2028 (%)
Figure 15. North America Fractional Ownership Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. North America Charter Service Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. North America Helicopter Tourism Market, by Key Country - Revenue 2020 (US$ Million)
Figure 18. North America Helicopter Tourism Market Breakdown, by Country, 2020 and 2028 (%)
Figure 19. US Helicopter Tourism Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Canada Helicopter Tourism Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Mexico Helicopter Tourism Market Revenue and Forecast to 2028 (US$ Million)
- Bird's Eye View Helicopters LLC
- Heli Chicago
- Helicopter Flight Services, Inc.
- Liberty helicopter
- Maverick Aviation Group
- Papillon Grand Canyon Helicopters
- Zip Aviation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America helicopter tourism market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America helicopter tourism market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the helicopter tourism market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution