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Ultralight and Light Aircraft Market Share
- Report ID: GMI3520
- Published Date: Feb 2020
- Report Format: PDF
Ultralight and Light Aircraft Market Share
Major companies operating in the ultralight and light aircraft market include:
- Costruzioni Aeronautiche TECNAM S.p.A
- Cirrus Aircraft
- Pilatus Aircraft Ltd
- Piper Aircraft Inc
- Textron Inc
- Autogyro GmbH.
Technology development, product launch, and expansion of dealership network are the key strategies adopted by industry players for the business progression.
Frequently Asked Questions (FAQ) :
The market size of ultralight and light aircraft was surpassed USD 4.8 billion in 2019.
The industry share of ultralight and light aircraft is anticipated to grow at around 9% CAGR between 2020 and 2026.
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.
Ultralight and Light Aircraft Market Scope
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