Aerobatic Aircraft Market Size, Share, Growth Analysis, By Application(Leisure Activities, Instructional), By Type(Single-engine, Kit) - Industry Forecast 2024-2031

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.