USD 816 million
Global Aerobatic Aircraft Market Size, Share, Growth Analysis, By Application(Leisure Activities, Instructional), By Type(Single-engine, Kit) - Industry Forecast 2024-2031
Report ID:
SQMIG20S2020 |
Region:
Global |
Published Date: April, 2024
Pages:
205
|
Tables:
61 |
Figures:
70
Global Aerobatic Aircraft Market Insights
Global Aerobatic Aircraft Market size was valued at USD 816 million in 2022 and is poised to grow from USD 851.90 million in 2023 to USD 1215.02 million by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).
Aerobatic aircraft is an aircraft that is heavier than air and is used more for exhibition or training purposes. Increasing disposable income of people and rising spending on recreational air activities are projected to be key factors that could bolster the demand for aerobatic aircraft over the coming years. Increasing organization of different types of airshows and exhibitions is also slated to create new opportunities for aerobatic aircraft manufacturers across the forecast period and beyond. Surging use of aerobatic aircraft for training purposes in different aviation applications is also anticipated to create new opportunities for aerobatic aircraft market players going forward. Increasing joint military exercises and growing spending on defense applications are also estimated to benefit aerobatic aircraft market development prospects in the future. On the other hand, stringent air flying regulations and high operating costs are slated to hurt aerobatic aircraft sales outlook in the long run. North America is projected to account for a major chunk of the global aerobatic aircraft demand outlook owing to the presence of key aircraft manufacturers in this region.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Leisure Activities
Fastest Growth
Instructional
Growth Rate
4.4% CAGR
Global Aerobatic Aircraft Market ($ Bn)
Country Share for North America Region (%)
Global Aerobatic Aircraft Market By Application ($ Bn)
Global Aerobatic Aircraft Market By Application (%)
To get more reports on the above market click here to Buy The Report
Global Aerobatic Aircraft Market Segmental Analysis
The global aerobatic aircraft market is segmented based on application, type, and region. In terms of type, the market is segmented into single-engine and kit. In terms of application, the market is segmented into leisure activities and instructional. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Application
Instructional applications are forecasted to account for a major chunk of the global aerobatic aircraft market share. Growing demand for instructional air training in commercial as well as defense applications is projected to help this segment maintain a dominant market share. Increasing number of people engaging in recreational air flying is also estimated to contribute to the high market share of the instructional segment.
Growing disposable income of people around the world has created a plethora of new opportunities for aerobatic aircraft providers in the leisure activity space. Better accessibility to flight training and airplanes for civilians is projected to help this segment become the fastest-expanding one in the world. Rising number of air exhibits and airshows are also slated to contribute to the market growth through this segment.
Global Aerobatic Aircraft Market By Application, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Aerobatic Aircraft Market Regional Insights
North America accounts for a massive revenue share of the global aerobatic aircraft market and this can be linked to the presence of a popular flying culture among civilians and growing number of joint air military exercises in this region. The United States is slated to be the key market for aerobatic aircraft companies in this region owing to its high defense expenditure and growing involvement of civilians in recreational flying activities. Canada is also predicted to emerge as an attractive space for aerobatic aircraft companies in the North American region going forward.
Growing disposable income of the general population is slated to be a key factor allowing the Asia Pacific region to maintain its stance as the fastest-expanding regional market in the world. Growing tourism activity in this region is also a key factor contributing to the rising demand for aerobatic aircraft. China, India, Japan, and South Korea are forecasted to be key countries for aerobatic aircraft suppliers to target in the Asia Pacific region going forward. Rising military expenditure is also slated to favor sales of aerobatic aircraft in the long run.
Global Aerobatic Aircraft Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Aerobatic Aircraft Market Dynamics
Drivers
Rise in Popularity of Air Exhibits and Shows
- Air exhibits and airshows are now becoming a common sight in almost all parts of the world and aerobatic aircraft are the best way to do some amazing aerobatics in the sky. Versatility and agility of these aircraft is what makes them popular in air exhibits and drives market growth.
Increased Involvement in Recreational Flying
- Growing disposable income of people around the world has given rise to interest in recreational flying activities. Increasing the number of companies using aerobatic aircraft for their recreational experiences will also boost market development in the future.
Restraints
High Costs of Operation and Acquisition
- Purchasing and maintaining an aerobatic aircraft is a capital-intensive task, which is why this hampers the sales of aerobatic aircraft to a certain extent. Getting licenses, storing aircraft, and maintaining fuel expenses are key costs that add up to the total cost of ownership.
Regulatory Compliance Issues
- Aviation authorities and governments impose stringent regulations and mandates related to aircraft and flying, which make owning or flying a aerobatic aircraft a fairly difficult task and therefore impede market growth prospects as well.
Request Free Customization of this report to help us to meet your business objectives.
Global Aerobatic Aircraft Market Competitive Landscape
Global aerobatic aircraft market players are focusing on expanding their sales potential on a global level. Aerobatic aircraft companies are also investing in the R&D of novel products that improve the performance of aircraft and also make it more affordable to a certain extent. Aerobatic aircraft market players should target recreational users to maximize their sales and revenue generation potential over the coming years. Most aerobatic aircraft suppliers are estimated to opt for organic marketing strategies to amplify their business reach in the long run.
Top Player’s Company Profiles
- Waco Aircraft Corporation
- Sukhoi Company
- PIPSTREL
- Diamond Aircraft Industries
- Oskbes Mai
- American Champion Aircraft
- Pacific Aerospace
- Tomas Podesva Air
- ENAER
- Vans Aircraft
- Blackwing Sweden
- Grob Aircraft SE
- Aviat Aircraft
- Supermarine Aircraft
- Extra Flugzeugproduktions
Recent Developments
- In January 2024, first commercial aerobatic flight was launched in Ras Al Khaimah, United Arab Emirates (UAE). This flight enabled flyers to experience speeds up to 400 km/h and heights of 2000 to 6000 feet.
- In September 2021, Bartolini Air, a European flight training provider, announced that it had taken the delivery of its new aerobatic aircraft.
Global Aerobatic Aircraft Key Market Trends
Advancements in Aircraft Technology: Aerobatic aircraft manufacturers can focus on integrating advanced technologies to create new products that are more efficient and better than what’s available in the market. Companies can innovate through unique designs and innovative use of advanced aircraft technologies.
Global Aerobatic Aircraft Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing interest of people in recreational flying is forecasted to be the key factor driving aerobatic aircraft market growth. Increasing demand for instructional training in defense and leisure applications is also projected to augment the demand for aerobatic aircraft over the coming years. Advancements in aircraft technology and design are also slated to create new opportunities for aerobatic aircraft companies in the future. North America is slated to account for a dominant share of the global aerobatic aircraft marketplace. However, high operational and acquisition costs are estimated to hamper aerobatic aircraft market development in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 816 million |
| Market size value in 2031 | USD 1215.02 million |
| Growth Rate | 4.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aerobatic Aircraft Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aerobatic Aircraft Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aerobatic Aircraft Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aerobatic Aircraft Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aerobatic Aircraft Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aerobatic Aircraft Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aerobatic Aircraft Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
