Industry Background:
A light sport aircraft (LSA), or light-sport aircraft, is refer as a new category of lightweight, small aircraft which are simple to fly. Light-Sport Aircraft tend to be heavier and more sophisticated than the ultralight ("microlight") aircraft, but light-sport aircraft restrictions on weight and performance separate the category from the established GA aircraft. There is no worldwide standard description of a light-sport aircraft. Due to rising technological advancements and growing aircraft sports activity, there is also a growing market for the light-sport aircraft. While some of the factors associated with the market that is safety concerns of the pilot during performance may hinder the light sport aircraft market.This growth is primarily driven by Continuous Advancements in the Technologies and Increasing Number of Aircraft Sports Activity Worldwide.
Globally, a noticeable market trend is evident Increasing Demand for Usage of Alternative Material for Production. Major Manufacturers, such as 3Xtrim Aircraft Factory (Poland), Cirrus Aircraft (United States), Aeroprakt Manufacturing (United States), The Airplane Factory (South Africa), Aviasud Engineering (France), BOT Aircraft (Liechtenstein), CGS Aviation (United States), Cessna (United States), Ekolot (Poland) and Progressive Aerodyne, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In July 2018, Tecnam (Italy) announced contracts from Hellenic Air Force (HAF) of Greece for the supply of 12 low wing trainer aircraft, P2002JF, and in the same month, the company won another contract from the Thai Aviation Academy to provide 2, P2002JF and 1, P2006T twin aircraft.
Market Drivers
- Continuous Advancements in the Technologies
- Increasing Number of Aircraft Sports Activity Worldwide
Market Trend
- Increasing Demand for Usage of Alternative Material for Production
Restraints
- Fluctuations in the Pattern of Aircraft Deliveries
- Fluctuations in the Raw Material Prices
Opportunities
Increasing Demand for Light Sport Aircraft Worldwide
Challenges
Pilot Safety Concerns During Performance
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Light Sport Aircraft Study Sheds Light on
The Light Sport Aircraft Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Light Sport Aircraft industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Light Sport Aircraft industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.