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Wing Suits Market: Introduction

  • Wing suit flying is a new extreme adventure sport which is gaining immense popularity. Wing suit flying is a discipline of skydiving. Wing suits are used in wing suit flying which helps in gliding through the air. Wing suits are designed in such a way that it adds more surface to the human body and helps in increasing the lift. A parachute is deployed during the descent for safe landing, as a wing suit alone cannot help in landing.
  • Wing suits are available in different shapes, sizes, colors, and designs and are also customized. The market for wing suits is expected to increase during the forecast period with the increase in competitive wing suit flying.

Key Drivers, Restraints, and Opportunities of the Global Wing Suits Market

  • Human flight is now possible because of wing suits. Increasing popularity of wing suit flying has led to many new disciplines in skydiving. These include acrobatic, group flying, and wing formations which command the attention of millions and has resulted in various wing suit flying competitions.
  • Various wing suit flying competitions are held by organizations such as United States Parachute Association, and The World Air Sports Federation, to promote the sport and to educate the athletes.
  • Indoor wing suit flying is becoming popular in Europe and North America. Manufacturers provide training to inexperienced skydivers in indoor environments. Increasing number of training institutes around the world is likely to increase the demand for wing suits during the forecast period.
  • Wing suits flying is not entirely safe and a small error might result in fatal accidents. Many incidents have been reported in the past several years due to which people are skeptical about the sport. Manufacturers, athletes, and organizations are trying to make the sport as safe as possible.
  • Indoor wing suit flying if introduced on a large scale in developing nations will create more business growth opportunities. The improvement in wing suits with the help of technology is expected to lead to market growth during the forecast period.

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Europe to Lead the Global Wing Suits Market

  • Geographically, the global wing suits market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
  • Europe is expected to lead the global wing suit market during the forecast period due to increasing training facilities and surging interest of millennial. Europe is projected to be followed by North America and South America.
  • Asia Pacific and the Middle East are likely to experience slow growth during the forecast period as very few people from these regions indulge in extreme sports.

Key Manufacturers Operating in the Global Wing Suits Market

  • The global wing suits market is consolidated with the presence of few manufacturers. Manufacturers are trying to improve their product quality. The market is quality oriented and not brand oriented; hence, any player who provides better quality will be able to obtain a place in the global wing suits market.

Leading players operating in the global wing suits market include:

  • Birdman
  • Fly Your Body
  • FlyLikeBrick
  • Intrudair
  • Phoenix-Fly
  • S-Fly
  • Skydive Elsinore
  • Tony suit 

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Global Wing suits Market: Research Scope

Global Wing suits Market, by Size

  • Small
  • Medium
  • Large
  • Customized

Global Wing suits Market, by Price

  • Below US$ 500
  • US$ 500 – US$ 1000
  • Above US$ 1000

Global Wing suits Market, by Application

  • Free Flight
  • Pilots

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Wing Suits Market