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The Glider Aircraft Market is anticipated to register a CAGR of over 3% during the forecast period.
- The growth in enthusiasm towards the adrenaline sports and recreational activities around the world are anticipated to support the growth of the glider aircraft during the forecast period.
- The increasing investment by glider aircraft manufacturers in high-performance electric glider aircraft, coupled with advancements in materials and propulsion technologies is expected to drive the glider aircraft market during the forecast period.
Key Market Trends
Growing Enthusiasm Towards Adrenaline Sports and Recreational Activities is Driving the Growth of the Market
The increasing enthusiasm towards adrenaline sports and the growing participation of the people in outdoor recreational activities is a significant factor that is currently driving the glider aircraft market, especially in regions like North America, Europe, and Oceania. The growth in adventure tourism in these regions is also propelling the growth of the market as more and more people are participating in adrenaline sports and recreational activities like hang gliding, air racing, para jumping, etc. Factors such as changes in lifestyle, demographics, growing per capita income, and the increasing realization of people towards the physical and mental benefits of outdoor recreational activities are inspiring the people to engage in such activities, which are currently creating a demand for the glider aircraft.
Europe to Experience the Highest Growth Rate During the Forecast Period
Europe is projected to grow with the highest CAGR during the forecast period. Europe is one of the most popular tourist destinations in the world. Tourist attractions in the region, like the Alps, are home to various extreme sports, like gliding. Many countries in the region, like the United Kingdom, Switzerland, and France, have seen a lot of hang-gliding activities in the recent past. The region also has many glider aircraft manufacturers, due to the high demand for such aircraft and related equipment and services. Europe produces one of the largest numbers of glider aircraft in the world. In Europe, much of the demand for gliding activities occur during the summer season when the winds are not so strong. Also, the autumn and spring seasons see a fair amount of demand for the gliding activities, if the winds are low. To fly a sailplane in Europe, the pilot must have an EASA glider pilot license. However, the certifications issued by foreign countries are accepted by some countries in the region. EASA is taking many measures to promote gliding activities across Europe and is also working toward simplifying the rules of gliding for easy access for reading and understanding, helping the enthusiasts. Such efforts by the regulatory bodies are expected to further boost the growth of the region during the forecast period.
Some of the prominent players in the market are DG Flugzeugbau GmbH, Lange Aviation GmbH, Alexander Schleicher GmbH & Co., AMS Flight, Wills Wing amongst others. The market is mainly driven by innovations, with manufacturers launching new products with advanced features to increase attract new customers. For instance, in October 2019, DG Flugzeugbau GmbH announced the launch of DG-1001 e neo which is the world’s first double seater glider aircraft that has FES control units on both seats. Moreover, several companies are building glider aircraft which are efficient across a wide speed range, faster, highly maneuverable as well as easy to handle. Companies are using sophisticated computer-aided design software, to test and analyze designs in advance, that helps them produce the most efficient aerodynamic shape with the least possible drag. Such an emphasis on innovative, safe, efficient, and high-quality product development is expected to bolster the growth prospects of the players during the forecast period.
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