Market Size of Light-Sport Aircraft Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.17 Billion |
| Market Size (2029) | USD 1.49 Billion |
| CAGR (2024 - 2029) | 5.21 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Light-sport Aircraft Market Analysis
The Light-Sport Aircraft Market size is estimated at USD 1.17 billion in 2024, and is expected to reach USD 1.49 billion by 2029, growing at a CAGR of 5.21% during the forecast period (2024-2029).
The COVID-19 pandemic disrupted the civilian demand for sporting activities related to LSA in 2020. The lockdowns imposed to curb the virus' spread reduced the tourist inflow. Due to the COVID-19 pandemic, several LSA operating facilities around the world have been forced to close temporarily, and many new development projects have been hammered by tanking economies and cautious investors. Nevertheless, the demand slump is expected to remain short-lived, as the global travel and tourism industry is slowly rebounding, which is anticipated to increase the demand for LSA activities.
The usage of LSA for sporting and recreational activities has witnessed growth due to the growth in the travel and tourism sector and the increase in the number of enthusiasts. LSA training is also gaining significance, with the growing need for training pilots globally. On the other hand, major aviation regulatory bodies are working on introducing new regulatory requirements and modifying the existing ones to support the industry's growth and encourage new LSA procurements. This is also expected to drive market growth.
