Market Overview:
The global sport and recreation aircraft market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for private use aircraft and commercial use aircraft. In terms of type, the S-LSA segment is expected to lead the global sport and recreation aircraft market during the forecast period, followed by E-LSA and others segments. In terms of application, private use segment is expected to lead the global sport and recreation aircraft market during the forecast period, followed by commercial use segment.
Product Definition:
A sport and recreation aircraft is a type of small plane that is typically used for recreational flying. These planes are often less expensive and more simple to operate than larger aircraft, making them ideal for use by hobbyists. Sport and recreation aircraft are also popular among flight schools, as they provide an affordable way for students to learn how to fly.
S-LSA:
S-LSA is short for Secondary Liability Insurance and it's a form of third party insurance that covers the aircraft & passengers in case of an accident or damage. It also covers legal liabilities, such as medical expenses, loss of baggage and personal effects. S-LSA is mandatory for commercial operations in many countries across the globe.
The market size was valued at USD 2 billion in 2016.
E-LSA:
E-LSA is an electronic Licence Plate Recognition technology. It is a camera and recognition system that enables the enforcement official to capture images of license plates present on vehicles. The captured image of the license plate is then sent to a database where it is compared with entries in the existing records for verification purposes. If there are any matches, an alert sounds indicating that this vehicle should be ticketed and maybe fined subsequently.
Application Insights:
The commercial use segment dominated the global sport and recreation aircraft market in 2017, accounting for over 70.0% share of the total revenue. The segment is expected to witness significant growth over the forecast period owing to rising disposable income among a large number of consumers across various regions including Asia Pacific and Middle East & Africa. Increasing air travel due to rise in disposable income levels has been one of the major factors driving demand for S-LSA and E-LSAs, thereby propelling growth in this segment.
Increasing air travel due to rise in disposable income levels has been one of the major factors driving demand for S-LSA.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. North America has a large number of general aviation airports, which provide an opportunity for regional growth. Moreover, increasing demand for air travel and rising popularity of air sports are some factors that can be attributed to regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income and growing tourism industry in countries such as China, India, Thailand and Malaysia among others. In addition, rapid development of commercial facilities including hotels and resorts along with other leisure activities will drive demand further in this region over the next eight years from 2018 to 2030 timeframe). Increasing availability of affordable aircraft at times when tourist destinations are most popular will also support regional market development during the same period (2018-2030).
Growth Factors:
- Increasing demand for air travel and tourism is expected to drive the growth of the sport and recreation aircraft market over the forecast period.
- The increasing popularity of adventure sports is also anticipated to fuel the demand for sport and recreation aircrafts in the coming years.
- The development of new airports, as well as expansion of existing ones, is projected to create opportunities for growth in this market during the forecast period.
- Growing disposable income levels among consumers are expected to boost sales of luxury sport and recreation aircrafts in future years. 5) Technological advancements in terms of design, performance, and safety features are likely to propel demand for these aircrafts over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Sport and Recreation Aircraft Market Research Report
By Type
S-LSA, E-LSA, Others
By Application
Private Use, Commercial Use
By Companies
CubCrafters, Flight Design, Legend Aircraft, Tecnam, Cessna, Czech Sport Aircraft, Remos, Jabiru, CGS Aviation, Progressive Aerodyne, Aeroprakt, The Airplane Factory, BOT Aircraft, Ekolot, Kitfox Aircraft, LSA America, LSA America
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Sport and Recreation Aircraft Market Report Segments:
The global Sport and Recreation Aircraft market is segmented on the basis of:
Types
S-LSA, E-LSA, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Private Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CubCrafters
- Flight Design
- Legend Aircraft
- Tecnam
- Cessna
- Czech Sport Aircraft
- Remos
- Jabiru
- CGS Aviation
- Progressive Aerodyne
- Aeroprakt
- The Airplane Factory
- BOT Aircraft
- Ekolot
- Kitfox Aircraft
- LSA America
- LSA America
Highlights of The Sport and Recreation Aircraft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- S-LSA
- E-LSA
- Others
- By Application:
- Private Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sport and Recreation Aircraft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sport and recreation aircraft are airplanes that are designed for recreational use. They may be used for flying, racing, or just having fun.
Some of the major companies in the sport and recreation aircraft market are CubCrafters, Flight Design, Legend Aircraft, Tecnam, Cessna, Czech Sport Aircraft, Remos, Jabiru, CGS Aviation, Progressive Aerodyne, Aeroprakt, The Airplane Factory, BOT Aircraft, Ekolot, Kitfox Aircraft, LSA America, LSA America.
The sport and recreation aircraft market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sport and Recreation Aircraft Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sport and Recreation Aircraft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sport and Recreation Aircraft Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sport and Recreation Aircraft Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sport and Recreation Aircraft Market Size & Forecast, 2020-2028
4.5.1 Sport and Recreation Aircraft Market Size and Y-o-Y Growth
4.5.2 Sport and Recreation Aircraft Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 S-LSA
5.2.2 E-LSA
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Private Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sport and Recreation Aircraft Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sport and Recreation Aircraft Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 S-LSA
9.6.2 E-LSA
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Private Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 S-LSA
10.6.2 E-LSA
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Private Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 S-LSA
11.6.2 E-LSA
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Private Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 S-LSA
12.6.2 E-LSA
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Private Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 S-LSA
13.6.2 E-LSA
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Private Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sport and Recreation Aircraft Market: Competitive Dashboard
14.2 Global Sport and Recreation Aircraft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CubCrafters
14.3.2 Flight Design
14.3.3 Legend Aircraft
14.3.4 Tecnam
14.3.5 Cessna
14.3.6 Czech Sport Aircraft
14.3.7 Remos
14.3.8 Jabiru
14.3.9 CGS Aviation
14.3.10 Progressive Aerodyne
14.3.11 Aeroprakt
14.3.12 The Airplane Factory
14.3.13 BOT Aircraft
14.3.14 Ekolot
14.3.15 Kitfox Aircraft
14.3.16 LSA America
14.3.17 LSA America
