The global Wingsuit market is anticipated to grow at a CAGR of 3.6 % during the forecast period (2022-2028). Wingsuit also called a jumpsuit is a sports gear that adds a wetted area to the user’s body. Wingsuit is used in several sports including skydiving, base jumping, or in military para forces. The major factor attributing to the growth of the global wingsuit market is the increasing use of wingsuits due to the increasing number of skydivers & sky diving jumps across the globe during the forecast period. According to the member survey data published by the US Parachute Association (USPA) in 2021, there are around 41,000 members of USPA across the globe. Every USPA member made an average of around 91 jumps last year. USPA made a record of sky diving jumps with around 3.57 million jumps made by members across the globe in 2021. Thus, increasing the demand for wingsuits by skydivers.
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The use of wingsuits is also increasing due to the increasing interest of people in skydiving even after being an extreme sport due to several benefits provided by skydiving. The benefits include stress relief, physical benefits including increased upper arm strength & lower body muscles, facing the fear of heights, creating confidence, physical & mental rejuvenation, a different perspective on natural beauty, and many others. Furthermore, the use of wingsuits is also increasing in the military by para special forces (SF) commandos due to the increasing number of para SF commandos. According to an article published by Fandom Inc., the total number of personnel in the regiment is 4,500. Among these, the majority of the personnel belongs to paratrooper (Airborne) commandos. Thus, contributing to the growth of the global wingsuit market over the forecast period.
Some major players in the market include Birdman Ltd., Striklingly Inc., Intrudair, Phoenix-Fly, and Skydive Elsinore, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2020, BMW has developed an electric wingsuit in collaboration with professional wingsuit pilot Peter Salzmann that is capable of flying at speeds of over 300 kmph.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Birdman Ltd., Striklingly Inc., Intrudair, Phoenix-Fly, Skydive Elsinore, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wingsuit Market Report by Segment
By Type
- Free Flight Wingsuits
- Pilot Wingsuits
By Application
- Skydiving
- Base Jumping
- Military
- Others
Global Wingsuit Market Report by Region
North America
- The United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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