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Ultralight and Light Aircraft Market Size
- Report ID: GMI3520
- Published Date: Feb 2020
- Report Format: PDF
Ultralight and Light Aircraft Market Size
Ultralight and Light Aircraft Market size exceeded USD 4.8 billion in 2019 and is estimated to grow at over 8.9% CAGR from 2020 to 2026. Ultralight and light aircrafts are small aircrafts designed for use in recreational sports, pilot trainings, survey & research, agriculture, and business travels.
These aircrafts are available in several categories ranging from single engine piston aircrafts to advanced multi engine aircrafts. Lower ownership costs along with ease in flight operations are the major factors likely to influence the ultralight and light aircraft market growth over the forecast timeframe. Growing pilot training institutions coupled with the proliferation of certification courses for hobby flying activities are expected to provide lucrative opportunity for the market expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Ultralight and Light Aircraft Market Size in 2019: | 4.88 Billion (USD |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 8.9% |
| 2026 Value Projection: | 9.45 Billion (USD) |
| Historical Data for: | 2016 to 2019 |
| No. of Pages: | 219 |
| Tables, Charts & Figures: | 285 |
| Segments covered: | Aircraft type, Technology, Application, Propulsion, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Advancements in farming techniques and growing usage of ultralight and light aircrafts in agriculture are escalating the product demand. According to the National Agricultural Aviation Association’s (NAAA) 2019 survey, the agricultural aviation business treats around 127 million acres of cropland aerially.
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Ultralight and Light Aircraft Market Scope
