Aerobatic Aircraft Market Size
| 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.
Aerobatic Aircraft Market Trends
This section covers the major market trends shaping the Aerobatic Aircraft Market according to our research experts:
The Leisure Activities Segment is Projected to Show Significant Growth During the Forecast Period
The leisure activities segment of the market is expected to show significant growth during the forecast period. The growth is due to the increasing demand for light sport aerobatic aircraft and growing investments in leisure activities. Aerobatic flying is mainly done for sports, entertainment, and general flying competitions. For instance, in June 2022, the Union Ministry of Civil Aviation in India announced a new policy for air sports in India. The National Air Sport Policy (NASP), 2022, listed 11 games under this category. The sport includes aerobatics, amateur-built and experimental aircraft, gliding, parachuting, powered aircraft and rotor aircraft, and aero modeling and rocketry. According to the Indian government, the small-sized industry is worth nearly Rs 80 crore. The Edge 540 aerobatic aircraft developed by Zivko Aeronautics is popular for racing and aeronautics. It is a single-engine aircraft with a climbing rate of 3,600+ feet per minute. Furthermore, the aerobatic championships and competitions organized by various federations and associations across the globe boost the growth of the market during the forecast period.
Asia Pacific Will Showcase Remarkable Growth During the Forecast Period
Asia Pacific is projected to show significant growth in the aerobatic aircraft market during the forecast period. The rising adoption of aerobatic aircraft for training and instruction purposes and increasing demand for these aircraft for recreational purposes drive the growth of the market across the region. Furthermore, rising investments in tourism and sports activities boost the market growth during the forecast period. For instance, in October 2022, The Indian Air Force (IAF) signed a contract worth Rs 6,826 crore for the procurement of 70 indigenous trainer aircraft, HTT-40 at the DefExpo 2022 at Gandhinagar. It was designed and developed by Hindustan Aeronautics Limited (HAL). The aircraft would be used for aerobatics, basic flight training, instrument flying, and close formation flights. It has unique features such as hot-refueling, running change-over of pilots, and short-turnaround time.
In addition to that, in September 2022, the Surya Kiran Aerobatic Team (SKAT) of the Indian Air Force performed an air show in Guwahati. Surya Kiran is an Indian Air Force aerobatics demonstration team, also known as the IAF Ambassadors. Pilots get training on such aircraft before they start flying any military aircraft due to the small size and compactness of aerobatic aircraft. Thus, growing investment in the procurement of aerobatic aircraft and rising demand from defense forces for the training of pilots drive the growth of the market across the Asia Pacific during the forecast period.
Aerobatic Aircraft Industry Overview
The aerobatic aircraft market is consolidated in nature with the presence of few players holding significant shares in the market. Some prominent market players are American Champion Aircraft, VANS AIRCRAFT, INC., WACO Aircraft Corporation, Pacific Aerospace, OSKBES MAI, and others. Key players in the market are focusing on the design and development of advanced aerobatic aircraft used for various end-use applications such as training, sport, entertainment, and others.
Growing investments in the development of innovative systems and technological advancements in aerobatic aircraft drive market growth. For instance, in September 2021, Bartolini Air, a European flight-training provider took delivery of the first new CAP10C NG. The launch customer re-introduced the aerobatic airplane, which was used for upset-recovery training. Bartolini Air announced that it has received the first New Generation (NG)-series airplane.
Aerobatic Aircraft Market Leaders
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American Champion Aircraft
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VANS AIRCRAFT, INC.
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WACO Aircraft Corporation
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Pacific Aerospace
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OSKBES MAI
*Disclaimer: Major Players sorted in no particular order
Aerobatic Aircraft Market News
In April 2022, Safran Electrical & Power, an aircraft electrical systems company, signed an agreement with AURA AERO, an aircraft manufacturer to work together on the architecture and electric propulsion systems of the INTEGRAL E training aircraft and the ERA (Electric Regional Aircraft). Under the agreement, Safran will supply the propulsion system for the INTEGRAL E flight demonstrator which is the aerobatic-capable two-seater training aircraft developed by AURA AERO.
In May 2021, AKKA Technologies, a European engineering consulting and R&D services provider entered into a partnership with AURA AERO, the Toulouse-based aircraft manufacturer for the development of two electric aircraft which are INTEGRAL-E, an electric aerobatic aircraft, and ERA (Electrical Regional Aircraft).
Aerobatic Aircraft Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Single-Engine
- 5.1.2 Kit
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5.2 Application
- 5.2.1 Leisure Activities
- 5.2.2 Instructional
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Rest of Latin America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Egypt
- 5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles*
- 6.1.1 American Champion Aircraft
- 6.1.2 VANS AIRCRAFT, INC.
- 6.1.3 WACO Aircraft Corporation
- 6.1.4 Pacific Aerospace
- 6.1.5 OSKBES MAI
- 6.1.6 Aviat Aircraft
- 6.1.7 Grob Aircraft SE
- 6.1.8 Diamond Aircraft Industries
- 6.1.9 PIPISTREL
- 6.1.10 SUPERMARINE AIRCRAFT
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Aerobatic Aircraft Industry Segmentation
An aerobatic aircraft is an airplane heavier than an aircraft. These are used in aerobatics competitions and fight exhibitions. These aircraft are mainly used for practicing flying maneuvers that are not used for general flight. It is performed in gliders and airplanes for training, sport, recreation, and entertainment.
The aerobatic aircraft market is segmented based on type, application, and geography. By type, the market is segmented into single engine and kit. By application, the market is segmented into leisure activities and instructional. The market sizing and forecasts have been provided for all the above segments in value (USD million).
| Type | Single-Engine | |
| Kit | ||
| Application | Leisure Activities | |
| Instructional | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle-East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Egypt | ||
| Rest of Middle-East and Africa |
Aerobatic Aircraft Market Research FAQs
What is the current Aerobatic Aircraft Market size?
The Aerobatic Aircraft Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Aerobatic Aircraft Market?
American Champion Aircraft, VANS AIRCRAFT, INC., WACO Aircraft Corporation, Pacific Aerospace and OSKBES MAI are the major companies operating in the Aerobatic Aircraft Market.
Which is the fastest growing region in Aerobatic Aircraft Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aerobatic Aircraft Market?
In 2024, the Europe accounts for the largest market share in Aerobatic Aircraft Market.
What years does this Aerobatic Aircraft Market cover?
The report covers the Aerobatic Aircraft Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Aerobatic Aircraft Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aerobatic Aircraft Industry Report
Statistics for the 2024 Aerobatic Aircraft market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aerobatic Aircraft analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
