Ultralight and Light Aircraft Market Size By Aircraft Type (Ultralight Aircraft, Light Aircraft), By Technology (CTOL, VTOL), By Application (Civil & Commercial, Military), By Propulsion (Electric/Hybrid, Conventional), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Feb 2020  |  Report ID: GMI3520  |  Authors: Kiran Pulidindi, Soumalya Chakraborty

Report Format: PDF   |   Pages: 219   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Ultralight and Light Aircraft Market size surpassed USD 4.8 billion in 2019 and is anticipated to grow at around 9% CAGR between 2020 and 2026.
 

Ultralight and Light Aircraft Market

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Lower ownership costs along with ease in flight operations are the major factors likely to influence the market expansion. Growing pilot training institutions coupled with the proliferation of certification courses for hobby flying activities are expected to provide lucrative opportunity for the market growth.
 

Advancements in farming techniques and growing usage of ultralight and light aircrafts in agriculture are escalating the market demand. According to the National Agricultural Aviation Association’s (NAAA) 2019 survey, the agricultural aviation business treats around 127 million acres of cropland aerially.
 

Ultralight and Light Aircraft Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 4.88 Billion (USD
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 8.9% 2026 Value Projection: 9.45 Billion (USD)
Pages: 219 Tables, Charts & Figures: 285
Geographies covered (18): U.S., Canada, Germany, UK, France, Switzerland, Spain, Poland, Czech Republic, China, Australia, New Zealand, Japan, Brazil, Mexico, Saudi Arabia, UAE, South Africa
Segments covered: Aircraft type, Technology, Application, Propulsion, and Region
Companies covered (17): Aeropro s.r.o, Airbus, American Legend Aircraft Co., Autogyro GmbH, Cirrus Aircraft, Costruzioni Aeronautiche TECNAM S.p.A., Dynali, Evektor, spol. s r.o., Flight Design general aviation GmbH, P&M Aviation, Pilatus Aircraft Ltd, Piper Aircraft, Inc., Pipistrel d.o.o, Quicksilver Aircraft, Robinson Helicopter Company, Textron Inc, Vulcanair S.p.A
Growth Drivers:
  • Technological advancements and expansion of sales & services network
  • Growing adoption of urban air mobility
  • Growing tourism and sport flights
  • Rising private jet industry
  • Growing number of High Net Worth Individuals (HNWI)
Pitfalls & Challenges:
  • Growing concern for pilot and passenger safety

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Urban air mobility and e-VTOL are the future of private aviation business

Rising R&D investments along with collaboration of several aircraft and component manufacturers to develop new technologies for urban air mobility solutions will drive the industry size.
 

The aircraft is powered by hybrid electric propulsion system with Vertical Take-Off and Landing (VTOL) capabilities. Several technology providers including Safran, Thales, EPS, and Garmin Ltd. are engaged in developing diversified aviation systems for the Bell Nexus.
 

Pilot and passenger safety are the major concerns for ultralight and light aircraft market expansion

Growing concerns for pilot and passenger safety on account of several accidents of these aircrafts are posing a major threat for the ultralight and light aircraft business expansion.
 

According to the National Transportation Safety Board (NTSB), in 2018, majority of the aviation deaths in 2018 took place during general aviation operation and reached to 381 from 331 in 2017.
 

However, the ultralight and light aircraft manufacturers are engaged in improving passenger safety with the integration of advanced technologies that are expected to enhance passenger safety significantly.
 

For instance, in October 2019, Cirrus Aircraft introduced Safe Return, an emergency auto-land system. The system converts the manned aircraft into an autonomous vehicle in case of emergency and navigates the aircraft to the nearest suitable airport for landing.
 

Development in the field of single engine business jets to influence light aircraft sales

Light aircraft holds dominance in the ultralight and light aircraft market with a volume share exceeding 64% owing to increasing demand of small business jets from several industries. Growing popularity of private jets along with the requirement to enhance safety, performance, and comfort are major factors driving R&D investments in the sector.
 

Rising air charter services and business travels are increasing the civil aviation popularity

Growing business travels along with rising popularity of air charter services are the major factors for generating higher revenue from civil and commercial applications. Rising recreational spending coupled with growing tourism are further propelling the market revenue.
 

Several developed economies including UK and the U.S. are planning to form regulatory framework for Urban Air Mobility (UAM) that will provide lucrative opportunity for business growth.
 

Availability of multiple variants, and easier handling to push CTOL aircraft demand

Ultralight and Light Aircraft Market By Technology

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Conventional Take-Off and Landing (CTOL) technology will hold considerable market revenue share of more than 82% due to the availability of several models with varied power output and price range. Technology advancement along with growing general aviation airport infrastructure across the globe will propel the market size.
 

For instance, in May 2016, the State Council of China announced its plans to support the lower altitude airspace for civil aviation along with facilitating over 500 airports to support small aircraft fleet in the country by 2020. However, growing technology advancements along with space constraint in near future will showcase lucrative opportunity for VTOL technology.
 

Improved engine performance and enhanced passenger comfort are increasing sales of conventional powered aircraft

Conventional propulsion system will showcase considerable growth of more than 7% in the ultralight and light aircraft market through 2026 owing to price affordability as well as limited alternatives.
 

Growing personal aviation and rising requirement to enhance passenger comfort will further provide strong growth opportunities. Industry players are engaged in developing new aircraft engines with advanced engine control system to enhance the engine performance.
 

For instance, in October 2019, Pilatus Aircraft Ltd launched its third-generation PC-12 with PT6E-67XP turboprop engine. The engine features electronic propeller and control system that enhance engine performance through monitoring temperature and torque to optimal levels.
 

North America holds higher share due to increasing recreational & pilot training activities

Ultralight and Light Aircraft Market By Region

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North America ultralight and light aircraft market holds significant share of over 42% impelled by rising recreational aircraft sport activities and greater flexibility offered by these aircrafts as compared to passenger aeroplanes.
 

Several pilot training organizations are demanding advanced training aircrafts for expansion and modernization of their training fleet, thereby showcasing strong growth opportunities. For instance, in April 2019, L3 Commercial Aviation placed an order for 240 piper aircrafts to modernize their training fleet.
 

Product launches and technology developments form the major basis for business expansions

Technology development, product launch, and expansion of dealership network are the key strategies adopted by industry players for business expansion.
 

For instance, in April 2019, Piper Aircraft, Inc., launched 2 trainer aircraft that are Piper Pilot 100 and Pilot 100i. This strategy enabled the company to enhance their offerings for pilot training segment.
 

Some of the major industry participants include Costruzioni Aeronautiche TECNAM S.p.A., Cirrus Aircraft, Pilatus Aircraft Ltd, Piper Aircraft, Inc., Textron Inc., and Autogyro GmbH.
 

The market research report on ultralight and light aircraft includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2016 to 2026, for the following segments:

Market by Aircraft

  • Ultralight Aircraft
  • Light Aircraft

Market by Technology

  • CTOL
  • VTOL

Market by Application

  • Civil & Commercial
  • Military

Market by Propulsion

  • Electric/Hybrid
  • Conventional

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Switzerland
    • Spain
    • Poland
    • Czech Republic
  • Asia Pacific
    • China
    • Australia
    • New Zealand
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Frequently Asked Questions (FAQ) :

North America holds significant market share of over 42% impelled by rising recreational aircraft sport activities and greater flexibility offered by these aircrafts as compared to passenger aeroplanes.
Conventional propulsion system will showcase considerable growth of more than 7% in the market through 2026 owing to price affordability as well as limited alternatives.
Some of the major industry participants include Costruzioni Aeronautiche TECNAM S.p.A., Cirrus Aircraft, Pilatus Aircraft Ltd, Piper Aircraft, Inc., Textron Inc., and Autogyro GmbH.

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