Market Size of Aerobatic Aircraft Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aerobatic Aircraft Market Analysis
The aerobatic aircraft market is expected to grow at a CAGR of more than 7% during the forecast period.
The aviation sector has witnessed unmatched challenges due to the COVID-19 pandemic. Lockdowns implemented across various countries, supply chain disruptions, and shortage of raw materials led to production halts from the manufacturer which hampers the market growth during the pandemic period. The sector showcased a strong recovery post-pandemic in 2021 due to relaxations in lockdown norms and growing demand for these aerobatic aircraft.
An aerobatic aircraft is heavier than air (aerodyne) and it can be used in aerobatic competitions and flight exhibitions. There are mainly two types of aerobatic aircraft which are training and aerobatics. The first type includes the aircraft used for flight demos and training, which are mainly used for a range of training purposes or military fighters. The second type includes aircraft specially designed for aerobatic applications. To withstand aerobatic flight, aerobatic aircraft are equipped with various systems such as inverted oil systems, inverted fuel systems, aileron spades, symmetrical wings, and aerobatic propellers. Several innovations have been made in these sport aircraft categories which include different devices that enable inverted flight, transitional maneuvers, and an array of aerodynamic moves.
Increasing demand for aerobatics aircraft for training purposes is driving the growth of the market. The aerobatic light sport aircraft are designed to be easily flown with a variance of speed exhibitions. Thus, growing of such aircraft for leisure activities also drive the market growth.
