Aerobatic Aircraft Market Size was valued at USD 816.2 million in 2022. The Aerobatic Aircraft Market is projected to grow to USD 1423.6 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.47% during the forecast period (2022 - 2032).
An aerobatic aircraft is basically an aerodyne which is way too heavy than an aircraft, widely used in aerobatics, for aerobatics competitions and fight exhibition both. In other words, aerobatic aircraft is highly used for practicing flying maneuvers that are not used for general flight. It is performed in gliders and airplanes for sport, training, entertainment, and recreation. The rise in leisure activities is anticipated to boost the use of aircraft for aerobatics projects.
The global aerobatics aircraft market has marked tremendous growth in the last few years due to the rising use of aircraft for leisure activities and the increasing demand for aerobatic aircraft for training purposes. The rising trend of aerobatic aircraft training around several armed forces across the globe is because aerobatics upgrades the ability of a pilot to recuperate from unexpected fight conditions and hence it is an important element of several fight safety training programs for pilots. Aerobatic is also beneficial for recreation and also for aerobatic competitions which is a refereed sport. Moreover, the tactical knowledge of pilot-involved maneuvers is considered a significant term and an essential part of training. These maneuvers allow aircraft to obtain tactical advantages and knowledge during any dogfight among the fighter aircraft or for any aerial combat.
This report contains all the information on the global aerobatic aircraft market research and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global aerobatic aircraft market and forecast to 2027 is also included in the report.
Covid 19 Analysis
The global aerobatic aircraft market is severely affected by the outbreak of the global pandemic covid 19 as this pandemic has shown a tremendous decline in the overall growth of the economies of almost every major country and hence affected the spending patterns of the consumers. The implementation of lockdown periods around the countries, international and national transport have been highly hampered which has immensely impacted the supply chain of raw materials and spare parts products due to lockdown restrictions.
The lack of raw materials supply is likely to hamper the overall production rate of aerobatic aircraft which is negatively affecting the market growth. On a positive note, the government around the globe is likely to relax the norms for resuming activities of the business.
Drivers
The rising demand for aerobatics aircraft for training purposes is the major factor that is driving the growth of the global aerobatic aircraft market. The increasing demand for aerobatic aircraft is obtaining traction for the purposes of training. Pilots are often get training on these aircraft before they start flying any military aircraft due to the compactness and small size of aerobatic aircraft. These aerobatic light sport aircraft have capacities that can be easily flown with a variance of speed exhibitions. The rising uses of aerobatic aircraft for leisure activities are another major growth factor of the global aerobatic aircraft market.
Opportunities
The rising numbers of joint military exercises around the developing and developed countries are creating various opportunities for the key players of the global aerobatic aircraft market.
Restraints
The involvement of high cost in the production of aerobatic aircraft can be considered as a major restraint of the global aerobatic aircraft market. Moreover, the availability of substitutes in the market is another major cause that is likely to create a hurdle in the growth of the global aerobatic aircraft market.
Challenges
The overall production of aerobatic aircraft is slow due to the outbreak of covid 19 and it is a major challenge for the major key players of the market to overcome this loss and continue with their pending and new projects.
Cumulative Growth Analysis
Kit aerobatic aircraft are made by individuals licensed as ‘Experimental” by aviation bodies of governments. These Do-it-Yourself (DIY) aircraft are pocket-friendly and gaining popularity in developing countries. From the past few years, the government agencies have raised their amount of spending on the training of their military personnel which in turn adding fuel to the growth of the aerobatic aircraft market for instructional purposes.
Value Chain Analysis
According to the reports, the global aerobatic aircraft market is segmented on the basis of product types, application, and region. On the basis of types, the global aerobatic aircraft market is further segmented into single-engine and kit. The single-engine segment accounts for the highest aerobatic aircraft market share in the year 2019 due to its high speed and maneuverability. Leading manufacturers are focused on producing more cost-effective single-engine aerobatic aircraft to strengthen their roots. The aerobatic kit aircraft segment is predicted to witness significant growth and record a higher CAGR during the forecast period.
On the basis of application, the global aerobatic aircraft market is further divided into leisure activities and instructional. Leisure aerobatic aircraft activities are predicted to record a magnificent growth rate during the forecast period from 2020 to 2027 due to rising leisure tourism around the world. On the other hand, the instructional segment is predicted to register a slow CAGR during the forecast period of rising demand for training in military personnel.
The market is segmented on the basis of product types, application, and region. The global aerobatic aircraft market is expected to witness decent growth during the forecast period.
By Application
The market is segmented into leisure activities and instructional based on the application.
By End-Users
The market is segmented into single-engine and kit based on the propulsion types.
According to the reports, on the basis of region, the global aerobatic aircraft market is divided into North America, Europe, Asia Pacific, the middle east & Africa, and Latin America. North America region is expected to dominate the aerobatic aircraft market due to the presence of major key players such as Van’s Aircraft, American Champion Aircraft, and others in this region. The rising adaptation of aerobatic aircraft for training and instruction purposes is likely to drive the growth of the global aerobatic aircraft market in the European region.
The Asia Pacific market is expected to exhibit a high CAGR during the forecast period due to the increasing demand for aerobatic aircraft for recreational purposes. The rising tourism in the Middle East & Africa drives the demand for leisure aerobatic aircraft in this region. In Latin America, aerobatic aircraft is gaining popularity for training and instruction purposes which in turn driving the growth of the market in this region.
The global aerobatic aircraft market is highly competitive due to the presence of major key players. Top aerobatic aircraft manufacturers are focusing on organic growth strategies including product approval, product launches, patents, and events. These activities had made ways for the expansion of the business and a customer base for the global market players. The inorganic growth strategies of these players include mergers & acquisitions, investments, developments of new products, technological advancements, etc.
Key Players
The following report comprises of –
The Moscow –based Laros Design Bureau is planning to develop a new aerobatic aircraft which is expected to meet high international standards. The Laros Design Bureau has been working along with Sukhoi and Siberian Aviation Scientific Research Institute (SibNIA) to create a new sports aircraft project which is liable to provide technical support at the stage of design, the serial production of these aircraft is scheduled for 2020.
The US company Zivko Aircraft has announced the development of a new aerobatic aircraft called the Edge 540 V3. The new aircraft features a number of improvements over the previous model, including a new wing design, a more powerful engine, and a redesigned cockpit.
On the basis of Product Types
On the basis of Application
On the basis of Region
Aerobatic Aircraft Market Highlights:
Frequently Asked Questions (FAQ) :
The rising demand for aerobatics aircraft for training purposes is the major factor that is driving the growth of the global aerobatic aircraft market. The increasing demand for aerobatic aircraft is obtaining traction for the purposes of training.
American Champion Aircraft,Sukhoi Company,Tomas Podesva Air,Extra Flugzeugproduktions,Oskbes Mai,Blackwing Sweden,Pacific Aerospace,Vans Aircraft,Waco Aircraft Corporation top vendors in Aerobatic Aircraft Market
Asia Pacific market is expected to exhibit a high CAGR during the forecast period
The rising numbers of joint military exercises around the developing and developed countries
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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