Light-sport Aircraft Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Light-sport Aircraft Industry Overview

The light-sport aircraft market is fragmented, with the presence of many local and regional aircraft manufacturers that provide light-sport aircraft models for leisure and flight training markets. Some prominent players in the light sport aircraft market are Costruzioni Aeronautiche Tecnam SpA (Tecnam), Cub Crafters Inc., Jabiru Aircraft Pty Ltd, Zenith Aircraft Company, and Van's Aircraft Inc. The players in the market are introducing new aircraft models. They are being certified by the Federal Aviation Administration and the European Union Aviation Safety Agency to expand their geographic presence and sales. For instance, Tecnam received certification under the new German 600kg rules for its P2002 Sierra MkII and P92 Echo MkII light aircraft in February 2020 and November 2020, respectively. The German Type approval is also recognized in other European countries. On the other hand, companies are also investing in developing new aircraft with the latest propulsion technologies, like hybrid-electric propulsion systems, to enhance their presence in the market further. Such developments are expected to make the market more competitive in the years to come.