[155 Pages Report] The ultralight and light aircraft market is estimated at USD 7.1 billion in 2018 and is projected to reach USD 13.9 billion by 2030, at a CAGR of 5.80% from 2018 to 2030. Factors expected to fuel the growth of the ultralight and light aircraft market include the increasing demand for recreational flights and deliveries of Unmanned Aerial Vehicles (UAVs). The global deliveries of ultralight and light aircraft are increasing due to the demand for air taxi and urban air mobility.
Download Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=181448279
 |
| Ultralight and Light Aircraft Market |
By aircraft type, the ultralight aircraft segment is expected to grow at the highest CAGR during the forecast period
Based on aircraft type, the ultralight aircraft segment of the ultralight and light aircraft market is projected to grow at the highest CAGR during the forecast period, as these aircraft are used for various air taxi services and chartered flights, which is driving the growth of these aircraft deliveries worldwide. However, rise in the demand for ultralight aircraft in urban air transport is driving the growth of ultralight aircraft market. There is a growing demand for passenger drones and Unmanned Aerial Vehicles (UAVs) in the ultralight and light aircraft market across the globe. The trend is highly evident in developed economies, wherein funds raised by technology developers are driving the growth of this market.
Civil & commercial end use segment expected to grow at the higher CAGR in the ultralight and light aircraft market during the forecast period
Based on end use, the ultralight and light aircraft market has been segmented into civil & commercial and military. The civil & commercial segment has been further studied for various applications, such as personal & passenger, commercial cargo, training, agriculture, survey & research, medical, and others, whereas, the military segment has been further studied for search & rescue, cargo, training, and other applications. Most developed countries, such as the US, the UK, and countries in Western Europe are framing new infrastructural policies to emphasize urban air mobility initiatives, which are projected to drive the market for civil & commercial applications. Whereas, commercialization of this technology is likely to take place in the Asia Pacific region during the forecast period.
The Asia Pacific region is expected to grow at the highest CAGR in the ultralight and light aircraft market from 2018 to 2030
The Asia Pacific ultralight and light aircraft market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing number of ultralight and light aircraft deliveries and rise in demand for UAVs which are expected to drive the growth of this market.
Key Market Players
Major players in the ultralight and light aircraft market include Aeropro (Slovakia), American Legend Aircraft (US), Autogyro (Germany), Cirrus Aircraft (US) Costruzioni Aeronautiche TECNAM (Italy), Evektor-Aerotechnik (Czech Republic), Flight Design General Aviation (German), P&M Aviation (UK), Pilatus (Switzerland), Piper Aircraft (US), Pipistrel (Slovenia), Quicksilver Aircraft (US), Textron (US), and Vulcan Air (Italy), among others.
Browse Related Report
Business Jet Market by Aircraft Type (Light Jet, Mid-size Jet, Large Jet), by Geography (North America, Asia-Pacific, Europe, the Middle East, Latin America, and Africa) - Global Forecasts, Trends & Analysis to 2014 - 2020
Aircraft Landing Gear Market by Type (Main, Nose), Platform (Fixed Wing, Rotary Wing), Application (Commercial, Business, Military), Aircraft Type (NBA, WBA, VLA, RTA), and Region - Global Forecast to 2021
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
No comments:
Post a Comment