Market Trends of Glider Aircraft Industry
Commercial Segment to Dominate the Market During the Forecasted Period
The increasing enthusiasm toward adrenaline sports and the growing participation of people in outdoor recreational activities are significant factors that are currently driving the commercial glider aircraft market, especially in regions like North America, Europe, and Oceania. The growth in adventure tourism in these regions is also propelling the growth of the market as more and more people are participating in adrenaline sports and recreational activities like hang gliding, air racing, para jumping, etc. Adventure sports are gaining significance owing to the rising disposable income and a significant number of the population aged 20-60. According to the World Bank, in 2021, the population aged 15-64 was 65% of the total population globally. As per the Center for the Promotion of Imports from Developing Countries, People aged between 40 and 70 occupy two-thirds of adventure tourism. Europeans make 100 million adventure trips every year to other countries. European adventure travelers have been significantly investing in adrenaline sports. Factors such as changes in lifestyle, demographics, growing per capita income, and the increasing realization of people towards the physical and mental benefits of outdoor recreational activities are inspiring people to engage in such activities, which are currently creating a demand for the glider aircraft.
Europe to Experience the Highest Growth Rate During the Forecast Period
Europe is projected to grow with the highest CAGR during the forecast period. Europe is one of the most popular tourist destinations in the world. Tourist attractions in the region, like the Alps, are home to various extreme sports, like gliding. Many countries in the region, like the United Kingdom, Switzerland, and France, have seen a lot of hang-gliding activities in the recent past. The region also has many glider aircraft manufacturers, due to the high demand for such aircraft and related equipment and services.
Europe produces one of the largest numbers of glider aircraft in the world. In Europe, much of the demand for gliding activities occurs during the summer season when the winds are not so strong. Also, the autumn and spring seasons see a fair amount of demand for gliding activities, if the winds are low. To fly a sailplane in Europe, the pilot must have an EASA glider pilot license. However, the certifications issued by foreign countries are accepted by some countries in the region. EASA is taking many measures to promote gliding activities across Europe and is also working toward simplifying the rules of gliding for easy access for reading and understanding, helping the enthusiasts. Such efforts by the regulatory bodies are expected to further boost the growth of the region during the forecast period.
