Pune, India -- (SBWIRE) -- 11/20/2017 -- Market Highlights

The global Helicopter Tourism market is a very dynamic market and is expected to witness high growth over the forecast period. The global Helicopter Tourism market is driven by the decline in crude oil prices. With the decline in their prices, it is very likely that a higher number of helicopter companies would get associated with the tourism business and form alliances with major resorts and tourism companies, across the globe, to drive their revenue. The other factors driving the global helicopter tourism market is the shortage of transport infrastructure, particularly in larger urban areas. The conventional methods of transportation have not been able to keep up with the growing population and hence, arises a need for alternative commuting solutions. Facilities such as wider range, comfort, upgraded safety systems, and ability to fly under a variety of conditions make the helicopters favorable and convenient for tourism. With the demand surpassing the supply of new commercial medium and heavy helicopters, the market dynamics for helicopter tourism services seem promising.

The Helicopter Tourism market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of Helicopter Tourism market is influenced by the increasing prosperity and business developments will eventually result in a demand for inter-city air travel, particularly in the emerging markets. Tourism can be domestic or international, which directly influences the country's economic condition as it serves as a major source of income. The helicopters can be arranged for a short-duration travel over the historic monuments or religious places, which also offer the scope of comfort, safety, and good photography thereby driving the growth of the helicopter tourism market. However, the growth of the market is expected to be hindered by factors such as the increasing number of helicopter accidents and the stringent government regulations.

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Major Key Players

Airbus (France),
Bell Helicopter Textron Inc. (U.S.),
Leonardo – (Italy),
Sikorsky Aircraft Corporation (U.S.),
AVIC (China),
Enstrom Helicopter Corp. (U.S.),
MD HELICOPTERS, INC. (U.S.),
Robinson Helicopter Company (U.S.)
Turkish Aerospace Industries Inc. (Turkey).

Market Research Analysis:

Based on tourism type, the customized tourism market is expected to grow at the highest CAGR. With the growth in tourism, there has been a simultaneous growth in the country's economy. With the introduction of tourism packages, the tourists are able to opt for their preferred destinations and resorts, by comparing their prices and offerings. As a result, many tourism firms partner with resorts and private helicopter companies to provide customized tourism services for the tourists. Moreover, the growing demand of private/customized tourism also propels a country's economy, as the costs of such services are also increased.

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