Aerobatic Aircraft Market Technology Research Report with business Insights news, latest Trend, Industry Outlook -2030
Mar 18, 2023
Market Research Future Insights
According to MRFR analysis, the aerobatic aircraft market is expected to register a CAGR of~8.1% from 2022to 2030 and hold a value of over USD 10.12 billion by 2030.
The aerobatic aircraft market refers to the segment of the aviation industry that designs, manufactures, and sells specialized aircraft used for performing aerobatic maneuvers, such as loops, rolls, spins, and other high-performance aerial stunts. These aircraft are typically designed for high-speed and high-G maneuvers, and are often used in airshows and other types of aerial performances. The aerobatic aircraft market includes various types of aircraft, such as biplanes, monoplanes, and gliders, and serves a range of customers, including individual pilots, flight schools, and military organizations.
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The COVID-19 pandemic has had a significant impact on the aerobatic aircraft market, With the restrictions on travel and gatherings, there has been a reduction in demand for airshows and other types of aerial performances that often use aerobatic aircraft. This has resulted in a decrease in sales and revenues for manufacturers and suppliers in the market.
The pandemic has led to disruptions in the production and supply chains of aerobatic aircraft, as manufacturers have had to adapt to new safety protocols and supply chain disruptions caused by the pandemic.
Some of the key market players are: American Champion Aircraft,Sukhoi Company,Tomas Podesva Air,Extra Flugzeugproduktions,Oskbes Mai,Blackwing Sweden,Pacific Aerospace,Vans Aircraft,Waco Aircraft Corporation
The aerobatic aircraft market has been segmented into product type and application.
Based on the product type, the market has been segmented into single-engine and kit.
Based on the application, the market has been segmented into leisure activities and instructional.
The largest region of the aerobatic aircraft market is North America, which includes the United States and Canada. North America has a significant market share due to the presence of established aerobatic aircraft manufacturers, such as American Champion Aircraft, Aviat Aircraft, and Extra Aircraft.
The United States, in particular, has a significant demand for aerobatic aircraft, with a strong culture of airshows and aerial performances. The country has many aerobatic teams and performers, such as the U.S. Air Force Thunderbirds and the U.S. Navy Blue Angels, which drive demand for specialized aerobatic aircraft.
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