Sport Aircraft Market Scope
The global sport aircraft market is expected to witness high growth in the forecasted period due to the increasing demand for adventure sports and water sports. The sports aircraft is a fairly new category of small aircraft that are simple to fly. Sport aircraft have low purchase prices and maintenance costs, simple and easy to fly. Sport pilot training can be completed with fewer flight hours than other certifications, making it a cheaper training option.
The market study is being classified by Type (S-LSA [Airplane, Seaplane], E-LSA [Airplane, Seaplane] and Others), by Application (Sport and Recreation, Flight Training and Aircraft Rental) and major geographies with country level break-up. According to AMA, the Global Sport Aircraft market is expected to see growth rate of 1.6%
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Sport Aircraft market throughout the predicted period.
CubCrafters (United States), Flight Design (Germany), Legend Aircraft (United States), Tecnam (Italy), Cessna (United States), Czech Sport Aircraft (Czech), Remos (Germany), Jabiru (Australia), CGS Aviation (United States) and Progressive Aerodyne (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Aeroprakt (Ukraine), The Airplane Factory (South Africa), BOT Aircraft (Liechtenstein), Aeroprakt Manufacturing (Poland), Ekolot (Poland), Kitfox Aircraft (United States) and LSA America (United States).
AdvanceMarketAnalytics has segmented the market of Global Sport Aircraft market by Type, Application and Region.
On the basis of geography, the market of Sport Aircraft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 5th June 2019, the first public flight of the Flight Design F2e took place at the Strausberg airfield, near Strausberg Germany. The aircraft is based on the newly developed F2 from Flight Design with an integrated safety cell and is equipped with an innovative electric propulsion system.
On 23rd April 2019, Textron Aviation has announced that its Cessna Citation Longitude business jet had earned its long-awaited certification from the Federal Aviation Administration.
- The Growing Demand for Travel and Tourism Industry
- The Ease in Regulations of Various Civil Aviation Authorities
- The Increasing Demand for Adventure Sports and Water Sports
- High Demand for Light Aircraft across the World
- Increasing Investments made by many Regional Players in the Development of New Aircraft
- Growing Demand for Emerging Countries
- Concern Related to Short Speed and Range
- Sport Pilots are Restricted to Day VFR Flying at Non-Towered Airfields
Key Target AudienceSport Aircraft Manufactures, Sport Aircraft Distributors, Sport Aircraft Suppliers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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