Light Sport Aircraft (LSA) are aircraft that have been designed and manufactured to certain specifications in order to meet the definition of ‘Sport Aircraft’ and to be flown by a single pilot with minimal training. The primary purpose of LSA is for recreational purposes, such as sightseeing, personal transportation, and flight training.
The global LSA industry has grown over the past decade. Manufacturers have developed new, more efficient designs, which have led to a greater number of LSA on the market. The industry is also being buoyed by changing public attitudes towards general aviation, with LSA’s becoming increasingly popular as a way to enter into recreational aviation.
LSA have helped expand the general aviation market, increasing the number of aircraft available and therefore the number of pilots. As a result, training organizations, flight schools, rental and leasing companies, and instructors have had an influx of opportunities presented to them.
According to the Aircraft Owners and Pilots Association, over the past five years general aviation flying increased by 14 percent, with most of the growth attributed to simpler and less expensive lightweight sport aircraft. This positive trend is indicative of the impact of LSA on the global aviation market.
The global Light Sport Aircraft (LSA) market was valued at US$ 39 million in 2022 and is anticipated to reach US$ 48 million by 2029, witnessing a CAGR of 2.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Light Sport Aircraft (LSA) Market available at: https://www.themarketreports.com/report/global-light-sport-aircraft-lsa-market-research-report
This report aims to provide a comprehensive presentation of the global market for Light Sport Aircraft (LSA), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Light Sport Aircraft (LSA).
The leading manufactures mainly are CubCrafters, Flight Design, Legend Aircraft, Tecnam, Cessna, Czech Sport Aircraft, Remos, Jabiru, CGS Aviation, Progressive Aerodyne. CubCrafters is the largest manufacturer; its revenue of global market exceeds 9.8%. The next is Flight Design and Legend Aircraft.
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