Ultralight and Light Aircraft Market continues to be bullish and attended size of $13.9 billion by 2030

San Francisco, CA, Nov-15, 2019 /(Aerospace NEWS)-- According to the latest market research report "Ultralight and Light Aircraft Market Aircraft Type (Ultralight and Light Aircraft), End Use (Civil & Commercial and Military), Flight Operation (CTOL and VTOL), Technology (Manned and Unmanned), Propulsion, Material, and Region - Global Forecast to 2030", 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 such as the increasing demand for Unmanned Aerial Vehicles (UAVs) across the globe and increasing global deliveries of ultralight and light aircraft supported by the demand for air taxi and urban air mobility are leading to the growth of the market. However, risks associated with passenger safety and restrictions on flying commercial drones are limiting the overall growth of the market.

 

Browse 106 market data Tables and 37 Figures spread through 155 Pages and in-depth TOC on "Ultralight and Light Aircraft Market - Global Forecast to 2030"

The ultralight aircraft type segment is projected to grow at a higher CAGR in the ultralight and light aircraft market during the forecast period

Based on aircraft type, the ultralight aircraft type segment is expected to lead the ultralight and light aircraft market during the forecast period. This segment considers the growth potential of the disruptive technologies, such as passenger drones, E-VTOL, hybrid, and electric aircraft which are expected to drive the market during the forecast period.

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The civil & commercial end use segment of the ultralight and light aircraft market is expected to grow at the highest CAGR during the forecast period

Based on end use, the civil & commercial segment of the ultralight and light aircraft market is expected to grow at the highest CAGR during the forecast period. Increase in demand for urban air mobility and increase in the funds raised by technology developers for civil & commercial applications, such as passenger drones and E-VTOL are projected to drive market growth during the forecast period. Also, increase in deliveries of conventional aircraft for civil & commercial applications, such as medical, business transport, and recreational flights are projected to drive market growth during the forecast period.

Asia Pacific is expected to be fastest-growing market for ultralight and light aircraft

Asia Pacific is projected to lead the ultralight and light aircraft market during the forecast period. Growth of this market is supported by new infrastructure devolvement for urban air mobility, thereby providing various opportunities for ultralight and light aircraft manufacturers in the region.

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.

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Mr. Shelly Singh
MarketsandMarkets™ INC.
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Ultralight and Light Aircraft Market Worth $13.9 Billion by 2030

According to the latest market research report "Ultralight and Light Aircraft Market Aircraft Type (Ultralight and Light Aircraft), End Use (Civil & Commercial and Military), Flight Operation (CTOL and VTOL), Technology (Manned and Unmanned), Propulsion, Material, and Region - Global Forecast to 2030", published by MarketsandMarkets™, 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. 

Ultralight and Light Aircraft Market

Factors such as the increasing demand for Unmanned Aerial Vehicles (UAVs) across the globe and increasing global deliveries of ultralight and light aircraft supported by the demand for air taxi and urban air mobility are leading to the growth of the market. However, risks associated with passenger safety and restrictions on flying commercial drones are limiting the overall growth of the market.

Ask for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181448279

The ultralight aircraft type segment is projected to grow at a higher CAGR in the ultralight and light aircraft market during the forecast period

Based on aircraft type, the ultralight aircraft type segment is expected to lead the ultralight and light aircraft market during the forecast period. This segment considers the growth potential of the disruptive technologies, such as passenger drones, E-VTOL, hybrid, and electric aircraft which are expected to drive the market during the forecast period.

The civil & commercial end use segment of the ultralight and light aircraft market is expected to grow at the highest CAGR during the forecast period

Based on end use, the civil & commercial segment of the ultralight and light aircraft market is expected to grow at the highest CAGR during the forecast period. Increase in demand for urban air mobility and increase in the funds raised by technology developers for civil & commercial applications, such as passenger drones and E-VTOL are projected to drive market growth during the forecast period. Also, increase in deliveries of conventional aircraft for civil & commercial applications, such as medical, business transport, and recreational flights are projected to drive market growth during the forecast period.

Browse in-depth TOC on "Ultralight and Light Aircraft Market"

106 – Tables

37 – Figures 

155 – Pages 

Asia Pacific is expected to be fastest-growing market for ultralight and light aircraft

Asia Pacific is projected to lead the ultralight and light aircraft market during the forecast period. Growth of this market is supported by new infrastructure devolvement for urban air mobility, thereby providing various opportunities for ultralight and light aircraft manufacturers in the region.

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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.

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Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Ultralight and Light Aircraft Market: Market Size, Trends and Forecast 2030

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

[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.  

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Recent Developments

 In January 2019, Bell Helicopter, a Textron company (US), revealed the configuration and full-scale Vertical-takeoff-and-landing (VTOL) air taxi vehicle during CES 2019. The air taxi, Bell Nexus, is powered by a hybrid-electric propulsion system and features Bell’s signature powered lift concept incorporating six tilting ducted fans that are designed for safe and efficient air travel.

Ultralight and Light Aircraft Market

 In October 2018, the Pilatus (Switzerland) opened a new facility in Broomfield, Colorado US for PC-12 and PC-24 light aircraft models which is expected to enhance the company’s production capacity. In January 2017, Pilatus announced signing 3 PC-21 fleet orders, for a total of 21 PC-21s, of which 17 are for the French Air Force and 2 each for the Royal Jordanian Air Force and QinetiQ. Together, these orders are worth over USD 292.7 million.

In July 2018, Tecnam (Italy) announced contracts from Hellenic Air Force (HAF) of Greece for the supply of 12 low wing trainer aircraft, P2002JF, and in the same month, the company won another contract from the Thai Aviation Academy to provide 2, P2002JF and 1, P2006T twin aircraft.

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.

Don’t miss out on business opportunities in Ultralight and Light Aircraft Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Table of Contents

1 Introduction (Page No. - 19)

    1.1 Objectives of the Study

    1.2 Market Definition

    1.3 Study Scope

           1.3.1 Markets Covered

    1.4 Years Considered for the Study

    1.5 Currency

    1.6 Limitations

    1.7 Market Stakeholders

2 Research Methodology (Page No. - 24)

    2.1 Research Data

    2.2 Secondary Data

           2.2.1 Key Data From Secondary Sources

    2.3 Primary Data

           2.3.1 Key Data From Primary Sources

                    2.3.1.1 Breakdown of Primaries

    2.4 Market Size Estimation

           2.4.1 Market Definition & Scope

           2.4.2 Exclusions

    2.5 Research Approach & Methodology

           2.5.1 Bottom-Up Approach

                    2.5.1.1 Regional Ultralight and Light Aircraft Market

                    2.5.1.2 Segment Size of Ultralight and Light Aircraft Market

                    2.5.1.3 Ultralight and Light Aircraft Market Size, By End Use

                    2.5.1.4 Ultralight and Light Aircraft Market for Futuristic Technologies

    2.6 Top-Down Approach

    2.7 Market Breakdown and Data Triangulation

    2.8 Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 38)

    4.1 Attractive Opportunities in Ultralight and Light Aircraft Market

    4.2 Ultralight and Light Aircraft Market, By Propulsion

    4.4 Ultralight and Light Aircraft Market for Military, By Ap

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List of Tables (106 Tables)

Table 1 Ownership Cost Analysis of Ultralight Aircraft

Table 2 US Aircraft Accidents, Fatal Accidents, and Fatalities 2010 to 2016

Table 3 Major Developments in the Field of Drone Taxies

Table 4 Ultralight and Light Aircraft Market Size, By Aircraft Type, 2016–2030 (USD Million)

Table 5 Ultralight Aircraft Market Size, By Region, 2016–2030 (USD Million)

Table 6 Light Aircraft Market Size, By Region, 2016–2030 (USD Million)

Table 7 Ultralight and Light Aircraft Market Size, By End Use, 2018–2030 (USD Million)

Table 8 Ultralight and Light Aircraft Market for Civil & Commercial, By Application, 2016–2030 (USD Million)

Table 9 Ultralight and Light Aircraft Market for Civil & Commercial, By Region, 2016-2030 (USD Million)

Table 10 Ultralight and Light Aircraft Market for Military, By Application, 2018–2030 (USD Million)

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List of Figures (37 Figures)

Figure 1 Ultralight and Light Aircraft Market Segmentation

Figure 2 Regional Scope

Figure 3 Research Process Flow

Figure 4 Research Design

Figure 5 Market Size Estimation Methodology: Bottup-Up Approach

Figure 6 Market Size Estimation Methodology: Top-Down Approach

Figure 7 Data Triangulation Methodology

Figure 8 Ultralight Aircraft Segment is Projected to Lead the Aircraft Type Market During the Forecast Period

Figure 9 Unmanned Segment Projected to Grow at Higher CAGR During Forecast Period as Compared to Manned Segment

Figure 10 Civil & Commercial End-Use Segment Projected to Lead Ultralight and Light Aircraft Market During Forecast Period

Ultralight and Light Aircraft Market Aircraft Type (Ultralight and Light Aircraft), End Use (Civil & Commercial and Military), Flight Operation (CTOL and VTOL), Technology (Manned and Unmanned), Propulsion, Material, and Region - Global Forecast to 2030

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Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com

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