About this market
Rising number of training programs and courses for different air sports to drive market growth. Over the past decade, air sports have witnessed a tremendous surge in popularity. Several basic and advanced training programs are available for people to learn the technicalities of such sports activities. These training schools have highly qualified and experienced instructors and pilots to train people and offer air sports equipment at discounted rates, which further adds to the popularity of the sport. Technavios analysts have predicted that the air sports equipment market will register a CAGR of almost 7% by 2023.
Increasing popularity of extreme adventure activities
The surging popularity of extreme adventure sports has encouraged an increasing number of people to participate in them. Over the past decade, extreme adventure sports such as paragliding, skydiving, bungee jumping, BASE jumping, surfing, rock or mountain climbing, caving, scuba diving, snorkeling, surfing, jet skiing, and wakeboarding have become popular as recreational activities. Several long-term mental and physical benefits are associated with extreme adventure sports that require excessive physical exertion.
Risks and limitations associated with volatile weather conditions
Weather conditions are an important factor to consider before going for most of the adventure sporting activities, which include air sports as well. Air sports equipment are prone to malfunctioning during poor weather conditions, which may result in several fatalities as it is difficult to manage such equipment in turbulent weather.
For the detailed list of factors that will drive and challenge the growth of the air sports equipment market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including ADVANCE and Aerodyne Research the competitive environment is quite intense. Factors such as the rising number of training programs and courses for different air sports and the increasing popularity of extreme adventure activities, will provide considerable growth opportunities to air sports equipment manufactures. ADVANCE, Aerodyne Research, Flyneo.com, OZONE GLIDERS, SUP'AIR, and Velocity Sports Equipment are some of the major companies covered in this report.