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The global light-sport aircraft market was valued at US$ 1.1 Billion in 2022.
We expect the global light-sport aircraft market to exhibit a CAGR of 5.17% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous sports, recreational activities, and flying training, thereby negatively impacting the global market for light-sport aircraft.
The increasing number of pilot training institutions, along with the rising demand for lightweight airplanes for better acceleration, higher structural strength and stiffness, and improved safety performance, is primarily driving the global light-sport aircraft market.
Based on the type, the global light-sport aircraft market can be segmented into airplane and seaplane. Currently, airplane holds the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global light-sport aircraft market include American Legend Aircraft Co., Costruzioni Aeronautiche TECNAM S.p.A., Cub Crafters Inc., Czech Aircraft Group s.r.o., Flight Design general aviation GmbH (LIFT Air GmbH), ICON Aircraft Inc., Jabiru Aircraft Pty Ltd., Pipistrel d.o.o (Textron Inc.), Van's Aircraft Inc., and Zenith Aircraft Company.
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