Global Light Sport Aircraft (LSA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Light Sport Aircraft (LSA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Light Sport Aircraft (LSA) is defined as a tiny, low-power plane with modest operational needs. The maximum take-off weight of the Light Sport Aircraft (LSA) does not exceed 1,320 lbs (600 kg) when used not intended for operation on water; the maximum take-off weight of the Light Sport Aircraft (LSA) does not exceed 1,430 lbs when used on water (650 kg).

Market Overview:

The latest research study on the global Light Sport Aircraft (LSA) market finds that the global Light Sport Aircraft (LSA) market reached a value of USD 898.01 million in 2022. It’s expected that the market will achieve USD 1462.09 million by 2028, exhibiting a CAGR of 8.46% during the forecast period.

Light aircraft industry growth will benefit Light Sport Aircraft (LSA)

In the future, light aircraft will have great development. For private capital, drones are the current industrial outlet, and light aircraft is an important direction for future layout. Therefore, the development of Light Sport Aircraft (LSA) in the field of light aircraft has important strategic significance. At present, the layout of private capital in the light aircraft industry is very eye-catching, participating in different links of the light aircraft industry chain. In the future, with the opening of low-altitude navigation, light aircraft will become the main force of the aviation industry. In the light aircraft sector, investors still have broad development opportunities. The aviation industry has high added value and high returns. As a brand-new industrial model, light aircraft is the breakthrough point to tap the potential value of the aviation industry. Therefore, the development of Light Sport Aircraft (LSA) will usher in huge market opportunities.

Improvements in regulatory policies and regulations will drive the Light Sport Aircraft (LSA) industry

Major aviation regulators are working to introduce new regulatory requirements and amend existing ones to support the growth of the Light Sport Aircraft (LSA) industry and encourage new LSA purchases. This is also expected to drive market growth. Such as, in Brazil, the regulatory changes, approved through Resolution 686, dated July 13, 2022 are amendments to Brazilian Civil Aviation Regulations (RBACs) No. 1, entitled “Definitions, drafting rules and measurement units for use in ANAC regulations,” and No. 21, entitled “Aeronautical product and article certification.” The new regulation, besides bringing Brazil closer to international standards, reduces regulatory complexity by allowing airplane with up to four seats and MTOW (maximum take-off weight) of up to 1,361 kg to use LSA category consensus standards developed by the American Society for Testing and Materials (ASTM International) It provides a basis for license training and greatly relaxes the threshold for sports driver licenses. Therefore, the development of the industry has been driven by the improvement of policies and standards related to Light Sport Aircraft (LSA) by government and regulatory agencies.

Light Sport Aircraft (LSA) is relatively cheap and common, wide applicability boosts the market

Light Sport Aircraft (LSA) is the most common and relatively inexpensive aircraft category on the market, so Light Sport Aircraft (LSA) is more suitable for recreational activities, enthusiastic flyers and training new pilots. Growth in adventure sports in selected regions such as North America, Europe, and the Middle East will drive the Light Sport Aircraft (LSA) market. On the other hand, airlines, training institutes and aviation authorities have been working hard to reduce pilot training and certification costs. In this regard, the adoption of Light Sport Aircraft (LSA) is increasing as they offer lower acquisition and maintenance costs compared to conventionally used piston or turboprop powered general aviation aircraft as well as Lower fuel consumption. Therefore, Light Sport Aircraft (LSA) is more cost-effective than other types of aircraft to promote the development of the entire industry.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (45.24% in 2021).

Company Overview

Cub Crafters is an aircraft manufacturer based in Yakima, Washington. The Company produces light sport aircraft, experimental aircraft kit, parts, apparel, and accessories.

Jabiru Aircraft Pty Ltd is an Australian aircraft manufacturer that produces a range of kit- and ready-built civil light aircraft and aircraft engines in Bundaberg, Queensland.

Tecnam, CubCrafters, Kitfox Aircraft, Jabiru, Van’s Aircraft, are the five key players in the global Light Sport Aircraft (LSA) market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Light Sport Aircraft (LSA) market in the past 5 years.

Segmentation Overview:

S-LSA is designed to meet LSA specifications. S-LSA is certified by the manufacturer to meet a set of industry-developed consensus standards that specify design, testing, manufacturing, and quality control requirements.

E-LSA is a kit version of an S-LSA. May be maintained or modified by anybody

E-AB is not required to meet LSA specifications. Thus, E-ABs can have more than two passengers, takeoff weights above 1320 lbs, retractable landing gear, variable-pitch propellers, more than one engine, turbine engines, cabin pressurization, etc.

By type, E-LSA segment accounted for the largest share of market in 2021.

Application Overview:

Sport and Recreation
Light Sport Aircraft (LSA) are becoming popular among sport and recreational pilots due to their safety features. For instance, it is possible for a pilot who has never flown before in his or her life to undertake an S-LSA flight without any training. The use of Light Sport Aircraft (LSA) from beginner level through intermediate levels will help develop skills that can be applied later on. In addition, there are many advantages associated with using this type of aircraft such as low costs and ease of maintenance which makes them ideal for hobbyists.

Flight Training

The use of Light Sport Aircraft (LSA) in flight training is becoming more and more popular. The reason for the popularity of this type of aircraft is because it has a lower acquisition cost than other types, like jets or helicopters to name a few. This makes them perfect for beginner pilots who are just starting out their careers as aviators. Light Sport Aircraft (LSA) have much fewer maintenance costs associated with them than larger commercial airplanes which lower operating expenses significantly when compared to larger passenger planes that require multiple passengers per hour on average.

Aircraft Rental

The increased use of Light Sport Aircraft (LSA) in aircraft rental is expected to propel the market, as this will provide a cost-effective option for the company and individual customers. In addition, it can be used in many aviation training programs. The UAV technology has made it easier for operators to rent out their assets without any hassle. Due to such factors, the demand for these planes is increasing gradually which negates potential risks associated with purchase prices of new planes. Furthermore, its lower maintenance costs also make it more attractive among organizations that have a fleet size below 500 units.

The market's largest segment by application is the segment Aircraft Rental, with a market share of 49.80% in 2021.

Key Companies in the global Light Sport Aircraft (LSA) market covered in Chapter 3:

Jabiru
ICON Aircraft
CubCrafters
Zenair/Zenith
Tecnam
Sling Aircraft
B.O.T. Aircraft
Flight Design
Aeroprakt Manufacturing
Progressive Aerodyne
American Legend Aircraft Company
Ekolot
Remos
Van’s Aircraft
Kitfox Aircraft

In Chapter 4 and Chapter 14.2, on the basis of types, the Light Sport Aircraft (LSA) market from 2018 to 2029 is primarily split into:

S-LSA
E-LSA
E-AB

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Light Sport Aircraft (LSA) market from 2018 to 2029 covers:

Sport and Recreation
Flight Training
Aircraft Rental
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)