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The Aerobatic Aircraft Market size was USD 828 million in 2023 and is expected to reach USD 1294.2 million by 2032, growing at a CAGR of 5.1% over the forecast period of 2024-2032.
An aerobatic aircraft is a heavier-than-air aircraft used in aerobatics for both flying demonstrations and aerobatic contests. Aerobatic aircraft, which are frequently standard trainers or fighters, are utilized for training and by flight demonstration teams. Furthermore, aerobatic aircraft are specifically developed for aerobatics. As a result, aerobatic aircraft are less similar to conventional aircraft in terms of features such as stability, passenger carrying capacity, and endurance. Aerobatic training is becoming more popular among various armed forces throughout the world, as it improves a pilot's capacity to recover from odd flight situations and is thus included in many flight safety training programme for pilots. As a result, aerobatics is used for enjoyment as well as aerobatic competitions, which are refereed sports.
Furthermore, pilot movements are seen as important in terms of obtaining tactical understanding. During aerial combat or dogfights between fighter aircraft, manoeuvres were discovered that allowed aircraft to acquire a tactical edge.
MARKET DYNAMICS
KEY DRIVERS
Increasing Recreational Use of Aerobatic Aircraft
There is an increasing need for aerobatic aircraft for training purposes.
OPPORTUNITIES
Countries are conducting an increasing number of joint military exercises.
CHALLENGES
Aerobatic Aircraft Operation: Operational Issues and Safety Concerns
THE IMPACT OF COVID-19
The global market for aerobatic aircraft has been badly hit by the COVID-19 pandemic. The COVID-19 epidemic slowed economic growth in nearly all major countries, altering consumer purchasing patterns. National and international travel have been hampered as a result of the lockdown applied in many nations, which has greatly disrupted the supply chain of numerous sectors around the world, consequently increasing the supply-demand gap.
Furthermore, due to shutdown restrictions, OEM and other raw material and replacement parts makers are unable to sell or build items.
As a result, a lack of raw material supply is projected to slow the production rate of aerobatic aircraft, severely impacting market growth.
However, the situation is expected to improve as governments around the world begin to reduce regulations for resuming corporate operations.
Aerobatic training is becoming more popular among various armed forces throughout the world, as it improves a pilot's capacity to recover from odd flight situations and is thus included in many flight safety training programme for pilots. As a result, aerobatics is used for enjoyment as well as aerobatic competitions, which are a refereed sport. Furthermore, pilot movements are seen as important in terms of obtaining tactical understanding. During aerial combat or dogfights between fighter aircraft, manoeuvre were discovered that allowed aircraft to acquire a tactical edge.
Furthermore, armed forces all around the world use aerobatics to demonstrate battle readiness and their individual armed forces' aerial prowess. Aerobatics are taught to military fighter pilots to help them improve their flying skills and to help them in combat. Many aerobatic manoeuvres were developed as a result of military battles.
By Type
Single-engine
Kit
By Application
For Leisure Activities
Instructional
REGIONAL ANALYSIS
Because of the existence of significant important companies such as Van's Aircraft, American Champion Aircraft, and others in this region, the North America region is likely to dominate the aerobatic aircraft market. The increasing use of aerobatic aircraft for training and instruction is expected to boost growth in the worldwide aerobatic aircraft market in the European region.
The Asia Pacific market is predicted to grow at a rapid pace during the forecast period due to rising demand for recreational aerobatic aircraft. The growing tourism industry in the Middle East and Africa fuels demand for leisure aerobatic aircraft in this region. Aerobatic planes are becoming increasingly popular in Latin America for training and instruction reasons, which is fueling market expansion.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Key Players are American Champion Aircraft, Extra Flugzeugproduktions, Waco Aircraft Corporation, Pacific Aerospace, ENAER, Vans Aircraft, Tomas Podesva Air, Oskbes Mai, Sukhoi Company, Blackwing Sweden & Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 828 Million |
| Market Size by 2032 | US$ 1294.2 Million |
| CAGR | CAGR of 5.1% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Single-engine and Kit) and Application (For Leisure Activities and Instructional) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | American Champion Aircraft, Extra Flugzeugproduktions, Waco Aircraft Corporation, Pacific Aerospace, ENAER, Vans Aircraft, Tomas Podesva Air, Oskbes Mai, Sukhoi Company, Blackwing Sweden |
| DRIVERS | • Increasing Recreational Use of Aerobatic Aircraft • There is an increasing need for aerobatic aircraft for training purposes. |
| OPPORTUNITIES | • Countries are conducting an increasing number of joint military exercises. |
Aerobatic Aircraft Market Size was valued grow at a CAGR of 5.1% over the forecast period 2024-2032.
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Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Yes, this report cover top down, bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aerobatic Aircraft Market Segmentation, By Type
8.1 Single-engine
8.2 Kit
9. Aerobatic Aircraft Market Segmentation, By Application
9.1 For Leisure Activities
9.2 Instructional
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 American Champion Aircraft
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Extra Flugzeugproduktions
11.3 Waco Aircraft Corporation
11.4 Pacific Aerospace
11.5 ENAER
11.6 Vans Aircraft
11.7 Tomas Podesva Air
11.8 Oskbes Mai
11.9 Sukhoi Company
11.10 Blackwing Sweden
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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