NEW
YORK, July 4, 2024 /PRNewswire/ -- The global
air sports equipment market size is estimated to grow by
USD 1.60 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 8.8% during the forecast period. Growing prominence of
competitive air sports is driving market growth, with a
trend towards increase in technological innovations to enhance
product performance. However, risk of fatal falls and severe
injuries associated with air sports poses a challenge. Key market
players include Adrenalin Base, Aerodyne Research LLC, Apco
Aviation Ltd., APEX BASE, Atair d.o.o., BIRDMAN Ltd., Bonehead
Composites, Dudek Paragliders s.j., Eric Roussel NEO SAS, GLH
Systems Pty Ltd., ICARO Paragliders, Intrudair Ltd., OZONE GLIDERS
LTD., Phoenix Fly d.o.o., Skylark, SOL SPORTS IND E COM LTDA, Sun
Path Products Inc., SUPAIR SAS, Uninsured United Parachute
Technologies LLC, and Velocity Sports Equipment.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Paraglider/
canopy/ reserve parachute, Container and harness, Protective gear,
and Others), Application (Skydiving, Paragliding, BASE jumping, and
Bungee jumping), and Geography (Europe, APAC, North America, South
America, and Middle East and Africa)
|
Region
Covered
|
Europe, APAC, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
Adrenalin Base,
Aerodyne Research LLC, Apco Aviation Ltd., APEX BASE, Atair d.o.o.,
BIRDMAN Ltd., Bonehead Composites, Dudek Paragliders s.j., Eric
Roussel NEO SAS, GLH Systems Pty Ltd., ICARO Paragliders, Intrudair
Ltd., OZONE GLIDERS LTD., Phoenix Fly d.o.o., Skylark, SOL SPORTS
IND E COM LTDA, Sun Path Products Inc., SUPAIR SAS, Uninsured
United Parachute Technologies LLC, and Velocity Sports
Equipment
|
Key Market Trends Fueling Growth
Air sports equipment market growth is driven by continuous
technological innovations that enhance safety, security, and
comfort for users. Key competitors are investing significantly in
research and development to introduce advanced features, such as
automatic activation devices, digital and audible altimeters, and
recycled materials. Technological innovations include 3D shaping, 3
Risers System, Battens Technology, Double V-Tabs, Full Hybrid
Technology, Laser Cut Technology, and various other features.
Companies like Aerodyne Research and SOL Paragliders are leading
the way with improvements in fabric design, system engineering,
mechanical design, control systems, and rigging and packaging. Apco
Aviation and NOVA also offer technologically advanced products,
focusing on features like Automatic Balance System, Embedded
Hook-in Points, Stall Recovery System, One Action Acceleration,
Automatic Pressurizing Profile, Flexon Batten system, Wind Scoop
System, smart cells, double 3D shaping, and lightweight products.
These innovations increase product performance and fuel market
growth during the forecast period.
The Air Sports Equipment Market is experiencing significant
growth due to increasing trends towards comfort, lightweight
materials, and safety features. Smart aerodynamics and
eco-friendly, sustainable practices are also driving demand.
Advanced technology, such as GPS tracking, real-time data
monitoring, and collision avoidance systems, are becoming essential
for adventurous travelers seeking thrilling experiences. Carbon
fiber and ultra-light textiles are popular choices for
manufacturers. Social factors, including millennials and working
professionals, and political factors, including regulations and
government spending, are influencing market trends. Adventure
sports, including parachuting, paragliding, wingsuit flying,
ziplining, and extreme sports, are attracting a diverse range of
customers from college grads to older adults. Marketing strategies
include expert advice, social media, movies, and cinemas. Brands
are focusing on adventure sports and outdoor recreational
activities to expand their customer base. The Outdoor Industry
Association reports continued growth in the air sports equipment
market, with a projected CAGR of 5% through 2025.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global air sports equipment market faces challenges due to
the high risk of injuries and fatal accidents associated with these
activities. Acrophobia, or fear of heights, and exhaustion are key
factors impeding market growth. Improper landing techniques and
incorrect equipment use due to insufficient training are common
causes of accidents. Equipment failure, such as parachute
malfunctions, and canopy collisions are other hazards. Bungee
jumping, in particular, poses higher risks due to the extreme force
and sudden bounce back, which can lead to severe injuries or death.
Limited insurance coverage for adventure sports-related injuries
further hinders market growth during the forecast period.
- The Air Sports Equipment Market is experiencing significant
growth, particularly in developing economies where youngsters seek
recreational activities. Personal disposable income is a key
driver, with popular sports like zip lining, wing suiting, and
flight gear gaining popularity. However, challenges persist.
Manufacturing modern gear requires raw materials and advanced
technology, which can be costly. Weather uncertainties and
distribution networks pose logistical issues, especially in
backward areas. Safety, performance, and durability are top
priorities for consumers. Equipment offerings include harnesses,
fly masters, variometers, and accessories for sports like skywalk,
hang gliders, paragliders, powered parachutes, paramotors, and
wingsuits. Industry certifications ensure reliability and
ergonomics. Awareness campaigns target Generation X and
vacationers, who enjoy air sports at mountains, hills, beaches, and
vacations. E-commerce platforms offer convenience, but must ensure
gear authenticity and shipping reliability. Overall, the market
requires a focus on design, testing procedures, and materials to
meet consumer demands for high-quality, safe, and innovative air
sports equipment.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This air sports equipment market report extensively covers
market segmentation by
- Product
- 1.1 Paraglider/ canopy/ reserve parachute
- 1.2 Container and harness
- 1.3 Protective gear
- 1.4 Others
- Application
- 2.1 Skydiving
- 2.2 Paragliding
- 2.3 BASE jumping
- 2.4 Bungee jumping
- Geography
- 3.1 Europe
- 3.2 APAC
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Paraglider/ canopy/ reserve parachute- Paragliding
and skydiving equipment, including paragliders, canopies, and
reserve parachutes, are key products in the air sports equipment
market. Paragliders, or wings, are in high demand due to their
lightweight design, which makes handling easier for consumers.
Manufacturers use materials like ripstop polyester and nylon fabric
to keep the wings lightweight. Nitinol, a metal alloy, is also
expected to be used for its lightweight properties. Paragliders
reach speeds of 20-75 kilometers per hour and have a relatively
high replacement rate. The market is driven by the increasing
number of paragliding enthusiasts and training institutes. In
skydiving, canopies, or parachutes, are essential for safe
landings. Competitors offer technologically advanced features to
attract customers. Lightweight canopies, made from fabrics like zpX
and FX11, are preferred. Reserve parachutes are connected to
harnesses for emergency situations and are designed for easy
operation. They can last up to ten years with proper care. The
paraglider, canopy, and reserve parachute segment is expected to
fuel the growth of the global air sports equipment market due to
the rising popularity of these adventure sports.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Air Sports Equipment Market is experiencing a surge in
demand due to the growing popularity of adventure sports among
various demographics. Millennials and college grads, in particular,
are driving the trend towards extreme sports like parachuting,
paragliding, wingsuit flying, and ziplining. Working professionals
and older adults are also discovering the joys of outdoor
recreational activities, contributing to the market's growth.
Social media and movies have played a significant role in
increasing awareness and popularity of these sports. The Outdoor
Industry Association reports that developing economies are also
showing an increasing interest in air sports. Youngsters are drawn
to the thrill and adrenaline rush offered by these activities,
while personal disposable income continues to be a key factor in
their affordability. Flight gear, such as harnesses, variometers,
fly masters, and skywalks, are essential equipment for these
sports, and the market is witnessing innovation and technological
advancements to cater to the evolving needs of consumers.
Generation X is also rediscovering the joy of adventure sports,
adding to the market's growth trajectory.
Market Research Overview
The Air Sports Equipment Market is experiencing significant
growth due to the increasing popularity of adventure sports among
various demographics, including millennials, college grads, working
professionals, and older adults. The market is driven by the desire
for outdoor recreational activities, such as parachuting,
paragliding, wingsuit flying, and ziplining, which offer thrill and
excitement. Social media and movies have played a crucial role in
promoting these extreme sports, reaching a wider audience and
inspiring new participants. The Outdoor Industry Association
reports that personal disposable income and a growing awareness of
health and wellness are also contributing factors. Developing
economies and youngsters in particular are showing a strong
interest in these activities. Modern manufacturing processes and
technology have led to advancements in flight gear, such as
variometers, harnesses, fly masters, and wingsuits, which
prioritize performance, safety, durability, and aerodynamics.
E-commerce platforms and distribution networks have made it easier
for consumers to access gear and equipment, while raw materials and
weather uncertainties pose challenges for manufacturers. The market
is also influenced by social factors, political factors,
regulations, and government spending. Sustainable practices and
eco-friendly products are becoming increasingly important, with a
focus on advanced technology, such as GPS tracking, real-time data
monitoring, collision avoidance systems, and virtual reality (VR)
and augmented reality (AR) experiences. The market includes a range
of equipment, from powered parachutes and hang gliders to
paragliders, skydiving rigs, paramotors, wingsuits, and
accessories. Performance, safety, reliability, ergonomics, comfort,
and lightweight materials are key considerations for manufacturers
and consumers alike. Industry certifications and testing procedures
ensure the highest standards of quality and safety.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Paraglider/ Canopy/ Reserve Parachute
- Container And Harness
- Protective Gear
- Others
- Application
-
- Skydiving
- Paragliding
- BASE Jumping
- Bungee Jumping
- Geography
-
- Europe
- APAC
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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