Global News: 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
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"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.
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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.
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.
Know more about the Global Market:
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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