Light-Sport Aircraft Market 2021 Status and Growth Outlook - Costruzioni Aeronautiche TECNAM SpA, Pipistrel d.o.o, ICON Aircraft, Cub Crafters Inc

The Light-Sport Aircraft market was valued at USD 518.54 Million in 2019 and is projected to reach USD 964.52 Million by 2025, growing at a CAGR of 8.7% from 2020 to 2025.

MarketInsightsReports published a new research publication on “Light-Sport Aircraft” Market Insights, to 2025 and enriched with self-explained data in presentable format. In the Light-Sport Aircraft market study you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting Light-Sport Aircraft market associated stakeholders. The growth of the market was mainly driven by the increasing spending across the world.

Some Of The Key Players Profiled In The Study Are-

Costruzioni Aeronautiche TECNAM SpA, Pipistrel d.o.o, ICON Aircraft, Cub Crafters Inc., Czech Sport Aircraft AS, Paradise Aero Industry, Evektor-Aerotechnik, Van's Aircraft Inc., Flight Design General Aviation GmbH, JMB Aircraft s.r.o., Jabiru Aircraft Pty Ltd, TL-ULTRALIGHT s.r.o., American Legend Aircraft Company, REMOS AG

 Sample Report + All Related Information-
https://www.marketinsightsreports.com/reports/10192353637/light-sport-aircraft-market-growth-trends-and-forecasts-2020-2025/inquiry?Source=OpenPR&Mode=Allie

The increasing demand for adventure sports and water sports around the world, along with the growth for travel and tourism, is expected to be a major factor boosting the demand for light sport aircraft during the forecast period.

- The ease in regulations of various civil aviation authorities is also expected to drive the growth of the market in the future.

- The investments made by many regional players in the development of new aircraft, for increasing their customer base, are also acting as key development factors for the market.

Industry News And Updates on Light-Sport Aircraft Market-

North America is Expected to Generate the Highest Demand During the Forecast Period

Currently, North America has the highest share in the market, and it is expected to continue its domination during the forecast period. The Light Aircraft Manufacturers Association (LAMA) and the US Ultralight Association (USUA), in support of GAMA, the Experimental Aircraft Association (EAA), and the Aircraft Owners and Pilots Association (AOPA), are working with FAA to develop the light sport aircraft manufacturing industry and open up new opportunities for operators of LSA. Additionally, the FAA plans to increase the weight limit for LSA, which is anticipated to come into effect by the end of 2019 or early 2020. Such changes in the regulations are expected to act as significant factors supporting the companies to manufacture new aircraft models, which may help the growth of the market in the United States, and thus, drive the growth of the market in North America during the forecast period.

Key Market Trends On Light-Sport Aircraft Market-

The Airplane Segment Expected to Experience the Highest Growth During the Forecast Period

Currently, the airplane segment of the market studied has the highest share, and it is expected to register the highest CAGR during the forecast period. The growth of adventure sports in regions, like North America, Europe, and some parts of the Middle East, is the primary reason for the growth of the airplane segment. The light-sport aircraft manufacturers, like Costruzioni Aeronautiche TECNAM SpA, Pipistrel d.o.o, and Flight Design General Aviation GmbH, delivered 63, 22, and 43 aircraft, respectively, in 2018, and 72, 19, and 32 aircraft, in 2017, respectively. The larger scope of use for airplanes (as they can be used in both land and water-locked areas), as compared to seaplanes (only useful near the water boundaries), and the growing support of LSA manufacturing are expected to fuel the growth of the airplane segment during the forecast period.

Market Segmentation On Light-Sport Aircraft-

Scope of the Report of Light-Sport AircraftMarket Trend-

Increasing Demand for Light-Sport Aircraft as well as new opportunities in Emerging Countries.

Market Drivers-

The Light-Sport Aircraft is Considered a source to drive more growth resulting in high demand among consumers. 

Challenges-

Finding that challenges assumptions for the consumers to opt or not for Light-Sport Aircraft.

Opportunities-

Increasing Demand in the Industry for Light-Sport Aircraft by the Consumers is Providing an Opportunity for this market.

Region Included In Light-Sport Aircraft Market are-

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Browse Detailed Research Insights with Table of Content-

https://www.marketinsightsreports.com/reports/10192353637/light-sport-aircraft-market-growth-trends-and-forecasts-2020-2025?Source=OpenPR&Mode=Allie

TOC Continued…!

Competitive Landscape On Light-Sport Aircraft Market-

Key Players to Forge Alliances to Create Sustainable Solutions

In a bid to speed up the research & development and production of sustainable Light-Sport Aircraft market solutions, major market players are building alliances with other industry leaders to widen the scope of their businesses. The focus of these collaborations is to formulate the growth that will make the Light-Sport Aircraft industry more profound, which in turn will future-proof these companies’ offerings.

Qualitative Insights on Impact of COVID-19 on Global Light-Sport Aircraft Market
Supply Chain Analysis & Challenges due to Covid-19
Steps taken by Government / Companies to Overcome this Impact
Potential Challenges and Opportunities due to COVID-19 Outbreak

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This release was published on openPR.