Market Size of Aerobatic Aircraft Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Aerobatic Aircraft Market Analysis
The aerobatic aircraft market is expected to grow at a CAGR of more than 7% during the forecast period.
The aviation sector has witnessed unmatched challenges due to the COVID-19 pandemic. Lockdowns implemented across various countries, supply chain disruptions, and shortage of raw materials led to production halts from the manufacturer which hampers the market growth during the pandemic period. The sector showcased a strong recovery post-pandemic in 2021 due to relaxations in lockdown norms and growing demand for these aerobatic aircraft.
An aerobatic aircraft is heavier than air (aerodyne) and it can be used in aerobatic competitions and flight exhibitions. There are mainly two types of aerobatic aircraft which are training and aerobatics. The first type includes the aircraft used for flight demos and training, which are mainly used for a range of training purposes or military fighters. The second type includes aircraft specially designed for aerobatic applications. To withstand aerobatic flight, aerobatic aircraft are equipped with various systems such as inverted oil systems, inverted fuel systems, aileron spades, symmetrical wings, and aerobatic propellers. Several innovations have been made in these sport aircraft categories which include different devices that enable inverted flight, transitional maneuvers, and an array of aerodynamic moves.
Increasing demand for aerobatics aircraft for training purposes is driving the growth of the market. The aerobatic light sport aircraft are designed to be easily flown with a variance of speed exhibitions. Thus, growing of such aircraft for leisure activities also drive the market growth.
Aerobatic Aircraft Industry Segmentation
An aerobatic aircraft is an airplane heavier than an aircraft. These are used in aerobatics competitions and fight exhibitions. These aircraft are mainly used for practicing flying maneuvers that are not used for general flight. It is performed in gliders and airplanes for training, sport, recreation, and entertainment.
The aerobatic aircraft market is segmented based on type, application, and geography. By type, the market is segmented into single engine and kit. By application, the market is segmented into leisure activities and instructional. The market sizing and forecasts have been provided for all the above segments in value (USD million).
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Aerobatic Aircraft Market Size Summary
The aerobatic aircraft market is poised for substantial growth, driven by increasing demand for both training and recreational purposes. These aircraft, designed for aerobatic competitions and flight exhibitions, are categorized into training and aerobatics types, with innovations enhancing their capabilities for inverted flight and complex maneuvers. The market's expansion is fueled by the rising popularity of aerobatic flying as a sport and leisure activity, supported by initiatives such as India's National Air Sport Policy, which promotes various air sports, including aerobatics. The market's recovery post-pandemic has been robust, with a surge in demand for light sport aerobatic aircraft and growing investments in leisure activities contributing to its upward trajectory.
Regionally, the Asia Pacific is expected to experience significant growth, driven by increased adoption of aerobatic aircraft for training and recreational purposes. The region's market expansion is further supported by investments in tourism and sports activities, as well as procurement by defense forces for pilot training. The market is characterized by a consolidated structure, with key players like American Champion Aircraft and VANS AIRCRAFT, INC. focusing on advanced aircraft design and technological innovations. Collaborations, such as those between Safran Electrical & Power and AURA AERO, highlight the industry's commitment to developing cutting-edge systems, including electric propulsion for training aircraft, underscoring the market's dynamic nature and potential for continued growth.
Aerobatic Aircraft Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Single-Engine
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2.1.2 Kit
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2.2 Application
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2.2.1 Leisure Activities
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2.2.2 Instructional
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Rest of Latin America
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2.3.5 Middle-East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 Egypt
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2.3.5.4 Rest of Middle-East and Africa
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Aerobatic Aircraft Market Size FAQs
What is the current Aerobatic Aircraft Market size?
The Aerobatic Aircraft Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Aerobatic Aircraft Market?
American Champion Aircraft, VANS AIRCRAFT, INC., WACO Aircraft Corporation, Pacific Aerospace and OSKBES MAI are the major companies operating in the Aerobatic Aircraft Market.
