Ultralight and Light Aircraft Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3520
Ultralight and Light Aircraft Market size is expected to showcase significant growth over the projected timeframe on account of rising adoption for military and reconnaissance operations. Moreover, the proliferating tourism industry along with the requirement for compact and reliable aircrafts for felicitating short distance sight seeing travel are expected to significantly boost the industry share.
The requirement for training of pilots along with the proliferation of flying certification courses by major industries are expected to drive the market share. Rising demand for such aircrafts for recreation and air sports activities are positively influencing the ultralight and light aircraft market growth over the study timeframe. Stringent regulatory policies are positively influencing the market share expansion. For instance, in July 2014, the FAA safety inspectors approved the Quicksilver Aircraft’s Sport 2SE special light sports aircraft for air sport activities.
Improvements in propulsion systems along with the integration of advanced hybrid systems are expected to positively influence the market share expansion. For instance, in January 2019, Bell Helicopters launched its Bell Nexus air taxi that is powered by hybrid electric propulsion systems. Moreover, the incorporation of six tilting ducts enables for efficient and safe air travel.
Based on aircraft, the ultralight and light aircraft market share is segmented into ultralight and light aircrafts. The light aircrafts will showcase considerable growth on account of its increasing usage in air taxis and chartered services across the globe. The growth in the ultralight aircraft can be attributes to the compact aircraft dimensions along with the ability to maneuver across areas with ease. Industry players are launching new aircrafts to attract customers and boost their market share. For instance, in October 2017, Just Aircraft LLC launched its ultralight aircraft with a 38 hp liquid cooled engine.
Based on flight operation, the ultralight and light aircraft market size can be categorized into vertical take-off and landing (VTOL) and conventional take-off and landing (CTOL). VTOL is expected to showcase a significant growth over the projected timeframe on account of benefits offered including the ability to take-off and land in small airstrips. The advent of electric aircrafts is providing a positive outlook for the industry expansion. For instance, in July 2018, OPENER launched its BlackFly electric fixed wing aircraft with supercharging and VTOL capabilities.
Based on technology, the ultralight and light aircraft market size can be segmented into unmanned aircrafts and manned aircrafts. Manned aircrafts are expected to account for a significant share on account of rising surveillance and military activities requiring supervision for carrying out the operations. Moreover, the launch of new manned aircrafts is providing a positive outlook for the industry expansion. For instance, in February 2019, North Grumman announced the launch of its Firebird aircraft to monitor the Australian coast.
Based on end use, the ultralight and light aircraft market share can be segmented into civil aircrafts and military aircrafts. The military will showcase significant growth potential over the projected timeframe. This can be credited to the requirement for such compact planes for carrying out specialized missions and combat operations. Moreover, the improved efficiency coupled with lower maintenance of these aircrafts play a major role in boosting the segment size over the study period.
Based on propulsion, the ultralight and light aircraft market share can be segmented into electric aircrafts and conventional aircrafts. Electric aircrafts will showcase strong growth prospects over the projected timeframe. The benefits offered by these aircrafts including no noise along with superior efficiency which in turn will positively drive the market share. Moreover, advancements in autopilot technologies are leading to the development for unmanned ultralight and light electric aircrafts. For instance, in August 2018, Electrafly announced the successful testing of its first unmanned aircraft.
Asia Pacific is expected to witness significant growth in the ultralight and light aircraft market share over the study timeframe. This growth can be attributed to the increasing adoption of such planes in the tourism industry to attract tourists globally. For instance, tourists in Korea are offered ultralight aircraft tours for USD 150. Moreover, the tour offers visitors with significant view of the country in certain areas during the short duration of the flight.
Several players operating in the ultralight and light aircraft market share include Quicksilver Aircraft, Flight Design General Aviation, Piper Aircraft, Costruzioni Aeronautiche TECNAM, American Legend Aircraft, and Textron. Industry players are engaged in attaining strategic contracts for enhancing their market share. For instance, in January 2017, Pilatus announced the signing of three agreements for selling two PC-21 each for Royal Jordanian Air Force and QinetiQ and 17 to the French Air Force.
Ultralight and Light Aircraft Market By Aircraft, 2013 - 2025 (Units, USD Million)
- Ultralight Aircraft
- Light Aircraft
By Flight Operations, 2013 - 2025 (Units, USD Million)
- Conventional take-off and landing (CTOL)
- Vertical take-off and landing (VTOL)
By Technology, 2013 - 2025 (Units, USD Million)
By End-User, 2013 - 2025 (Units, USD Million)
By Propulsion, 2013 - 2025 (Units, USD Million)
The above information has been provided on a regional and country basis for the following:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Quicksilver Aircraft
- Flight Design General Aviation
- Piper Aircraft
- Costruzioni Aeronautiche TECNAM
- American Legend Aircraft
- Vulcan Ai
- P&M Aviation
- Autogyro, Cirrus Aircraft
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