Ultralight And Light Aircraft Market Size, Business Growth Statistics and Key Players Insights 2023 – 2028

Ultralight And Light Aircraft Market Size, Business Growth Statistics and Key Players Insights 2023 – 2028

The ‘Global Ultralight and Light Aircraft Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global ultralight and light aircraft market, assessing the market on the basis of its segments like aircraft type, end use, flight operation, propulsion, and major regions.

 

The key highlights of the report include:

 

Market Overview (2018-2028)

 

• Forecast CAGR (2023-2028): 4.50%

 

The increasing expansion of the light aircraft sector is propelling the demand for ultralight and light aircrafts. Light aircrafts have a number of applications including aerial surveying, pipeline monitoring, commercial air transportation, passenger and freight air transport, sight-seeing, and photography, among others. In addition, these aircrafts are strong and lightweight which enhances the flying experience while maintaining safety, leading to a heightened growth of the ultralight and light aircraft market.

 

The escalating applications of ultralight and light aircrafts in the civil and commercial sectors is adding to the market growth. Ultralight and light aircraft are witnessing a healthy demand from civilians for the purpose of recreational activities. In this regard, the anticipated increase in per capita income and rapid urbanisation across the developed and developing economies is further likely to fuel the demand for ultralight and light aircraft from the civil sector. Meanwhile, the increasing dependence on air support in agriculture to save time and increase aerial efficiency, is further fuelling the ultralight and light aircraft market growth.

 

The increasing deployment of ultralight and light aircrafts in the military sector to facilitate various operations such as surveillance, training, search and rescue, and reconnaissance, etc., is leading to an increased demand for light military aircrafts.

 

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Ultralight and Light Aircraft Industry Definition and Major Segments

 

Light aircrafts are compact and lightweight airplanes which are ideal for carrying small numbers of passengers. Meanwhile, ultralight aircrafts, which are also known as microlight aircrafts, are the type of airplanes which are extremely light in weight and are designed for short distance flying. These aircrafts tend to be slower than the conventional aircrafts.

 

Based on aircraft type, the market is bifurcated into:

 

• Light Aircraft
• Ultralight Aircraft

 

On the basis of end use, the market is divided into:

 

• Civil and Commercial
• Military

 

By flight operation, the market is segmented into:

 

• Vertical Take-Off and Landing (VTOL)
• Conventional Take-Off and Landing (CTOL)

 

On the basis of propulsion, the market is classified into:

 

• Electric/Hybrid
• Conventional Fuel

 

Based on region, the market is categorised into:

 

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

 

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/ultralight-and-light-aircraft-market

Ultralight and Light Aircraft Market Trends

 

The key trends in the global ultralight and light aircraft market include the growing expansion of the military sector owing to the increasing defence expenditure and technological upgradations of light and ultralight combat aircrafts. Ultralight and light aircrafts are capable of engaging enemies in low intensity combats because of their quickness, agility, manoeuvrability, and ability to reach irregular and hostile zones.

 

The growing introductions of new, lighter, and stronger ultralight and light aircraft models by aircraft manufacturers are expected to provide impetus to the ultralight and light aircraft market in the forecast period. The anticipated increase in sale of electric or hybrid ultralight and light aircrafts, owing to the growing concerns pertaining to climate change and increasing costs of fuel, are crucial market trends.

 

In geographical terms, North America holds a decent share in the market, which is being driven by the increasing demand for ultralight and light aircrafts from the military and defence sector because of the high expenditure across strong economies such as the United States. The increased popularity of civil and recreational flights in North America is also supporting market growth.

Key Market Players

 

The major players in the ultralight and light aircraft market report are

 

• American Legend Aircraft Co.
• Aeropro s.r.o.
• AutoGyro GmbH
• Textron Aviation Inc.
• PIPISTREL d.o.o.
• Evektor, spol. s r. o.
• Pilatus Aircraft Ltd.

 

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

 

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

 

About Us:

 

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

 

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

 

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

 

Media Contact:

 

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