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Market Research Report
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1090168

Global Ultralight and Light Aircraft Market Size study, By Aircraft Type, By System, By Technology, By Material, By Propulsion, and Regional Forecasts 2022-2028

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Ultralight and Light Aircraft Market Size study, By Aircraft Type, By System, By Technology, By Material, By Propulsion, and Regional Forecasts 2022-2028
Published: June 15, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Global Ultralight and Light Aircraft Market is valued at approximately USD 7.08 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2022-2028. Ultralight aircraft are smaller and lighter compared to commercial planes. Ultralight aircraft are defined based on Maximum Take-off Weight (MTOW). The ultralight aircraft has a maximum take-off weight that has a capacity for one or two people. This aircraft is designed for short-distance travel and is highly adopted in aero sports and recreational activities such as drone racing, paragliding, hang gliding, air racing, parachuting, and aerobatics. The low-cost operation and maintenance of ultralight aircraft, increasing use of UAVs in various military and commercial operations, coupled with the rising expenditure on the military sector are major factors bolstering the growth of the global market. For instance, according to the World Bank, in 2018, military expenditure accounted for 2.1% of GDP, and the percentage increased and reach 2.4% of GDP. Consequentially, the rising spending across the military segment is exhibiting a positive influence on the demand for ultralight and light aircraft, which leads the market growth around the world. However, safety considerations for the operation of ultralight and light aircraft and the shortage of skilled pilots impede the growth of the market over the forecast period of 2022-2028. Also, increasing advancements in the traditional aircraft propulsion and rising developments in passenger drones and UAV payloads are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Ultralight and Light Aircraft Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the presence of well-established manufacturers of ultralight and light aircraft such as Textron, Piper Aircraft, Cirrus, and others. Whereas, Europe is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the increasing demand for unmanned aerial vehicles (UAV), as well as the rising investment in research and development, would create lucrative growth prospects for the Ultralight and Light Aircraft Market across the European region.

Major market players included in this report are:

Textron Inc.

Piper Aircraft

Costruzioni Aeronautiche TECNAM S.p.A.

Cirrus

AutoGyro GmbH

Pilatus Aircraft

American Legend Aircraft Co.

Honda Aircraft Company

Flight Design General Aviation GmbH

Quicksilver Aircraft

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product Components of key players. The detailed segments and sub-segment of the market are explained below:

By Aircraft Type:

Ultralight Aircraft

Light Aircraft

By System:

Airframes

Avionics

Cabin Interiors

Aircraft Systems

By Technology:

Manned

Unmanned

By Material:

Aluminum

Composites

Titanium

Others

By Propulsion:

Conventional Fuel

Electric-Hybrid

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Ultralight and Light Aircraft Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
    • 1.2.1. Ultralight and Light Aircraft Market, by Region, 2020-2028 (USD Billion)
    • 1.2.2. Ultralight and Light Aircraft Market, by Aircraft Type, 2020-2028 (USD Billion)
    • 1.2.3. Ultralight and Light Aircraft Market, by System, 2020-2028 (USD Billion)
    • 1.2.4. Ultralight and Light Aircraft Market, by Technology, 2020-2028 (USD Billion)
    • 1.2.5. Ultralight and Light Aircraft Market, by Material, 2020-2028 (USD Billion)
    • 1.2.6. Ultralight and Light Aircraft Market, by Propulsion, 2020-2028 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Ultralight and Light Aircraft Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Ultralight and Light Aircraft Market Dynamics

  • 3.1. Ultralight and Light Aircraft Market Impact Analysis (2020-2028)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Low-cost operation and maintenance of ultralight aircraft
      • 3.1.1.2. Rising expenditure on the military sector
    • 3.1.2. Market Challenges
      • 3.1.2.1. Safety considerations for operation of ultralight and light aircraft
      • 3.1.2.2. Shortage of skilled pilots
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Increasing advancements in traditional aircraft propulsion
      • 3.1.3.2. Rising developments in passenger drones and UAV payload

Chapter 4. Global Ultralight and Light Aircraft Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion
  • 4.5. Top investment opportunity
  • 4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

    • 5.1.1. Assessment of the overall impact of COVID-19 on the industry
    • 5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Ultralight and Light Aircraft Market, by Aircraft Type

  • 6.1. Market Snapshot
  • 6.2. Global Ultralight and Light Aircraft Market by Aircraft Type, Performance - Potential Analysis
  • 6.3. Global Ultralight and Light Aircraft Market Estimates & Forecasts by Aircraft Type, 2018-2028 (USD Billion)
  • 6.4. Ultralight and Light Aircraft Market, Sub Segment Analysis
    • 6.4.1. Ultralight Aircraft
    • 6.4.2. Light Aircraft

Chapter 7. Global Ultralight and Light Aircraft Market, by System

  • 7.1. Market Snapshot
  • 7.2. Global Ultralight and Light Aircraft Market by System, Performance - Potential Analysis
  • 7.3. Global Ultralight and Light Aircraft Market Estimates & Forecasts by System, 2018-2028 (USD Billion)
  • 7.4. Ultralight and Light Aircraft Market, Sub Segment Analysis
    • 7.4.1. Airframes
    • 7.4.2. Avionics
    • 7.4.3. Cabin Interiors
    • 7.4.4. Aircraft Systems

Chapter 8. Global Ultralight and Light Aircraft Market, by Technology

  • 8.1. Market Snapshot
  • 8.2. Global Ultralight and Light Aircraft Market by Technology, Performance - Potential Analysis
  • 8.3. Global Ultralight and Light Aircraft Market Estimates & Forecasts by Technology, 2018-2028 (USD Billion)
  • 8.4. Ultralight and Light Aircraft Market, Sub Segment Analysis
    • 8.4.1. Manned
    • 8.4.2. Unmanned

Chapter 9. Global Ultralight and Light Aircraft Market, by Material

  • 9.1. Market Snapshot
  • 9.2. Global Ultralight and Light Aircraft Market by Material, Performance - Potential Analysis
  • 9.3. Global Ultralight and Light Aircraft Market Estimates & Forecasts by Material, 2018-2028 (USD Billion)
  • 9.4. Ultralight and Light Aircraft Market, Sub Segment Analysis
    • 9.4.1. Aluminum
    • 9.4.2. Composites
    • 9.4.3. Titanium
    • 9.4.4. Others

Chapter 10. Global Ultralight and Light Aircraft Market, by Propulsion

  • 10.1. Market Snapshot
  • 10.2. Global Ultralight and Light Aircraft Market by Propulsion, Performance - Potential Analysis
  • 10.3. Global Ultralight and Light Aircraft Market Estimates & Forecasts by Propulsion, 2018-2028 (USD Billion)
  • 10.4. Ultralight and Light Aircraft Market, Sub Segment Analysis
    • 10.4.1. Conventional Fuel
    • 10.4.2. Electric-Hybrid

Chapter 11. Global Ultralight and Light Aircraft Market, Regional Analysis

  • 11.1. Ultralight and Light Aircraft Market, Regional Market Snapshot
  • 11.2. North America Ultralight and Light Aircraft Market
    • 11.2.1. U.S. Ultralight and Light Aircraft Market
      • 11.2.1.1. Aircraft Type breakdown estimates & forecasts, 2018-2028
      • 11.2.1.2. System breakdown estimates & forecasts, 2018-2028
      • 11.2.1.3. Technology breakdown estimates & forecasts, 2018-2028
      • 11.2.1.4. Material breakdown estimates & forecasts, 2018-2028
      • 11.2.1.5. Propulsion breakdown estimates & forecasts, 2018-2028
    • 11.2.2. Canada Ultralight and Light Aircraft Market
  • 11.3. Europe Ultralight and Light Aircraft Market Snapshot
    • 11.3.1. U.K. Ultralight and Light Aircraft Market
    • 11.3.2. Germany Ultralight and Light Aircraft Market
    • 11.3.3. France Ultralight and Light Aircraft Market
    • 11.3.4. Spain Ultralight and Light Aircraft Market
    • 11.3.5. Italy Ultralight and Light Aircraft Market
    • 11.3.6. Rest of Europe Ultralight and Light Aircraft Market
  • 11.4. Asia-Pacific Ultralight and Light Aircraft Market Snapshot
    • 11.4.1. China Ultralight and Light Aircraft Market
    • 11.4.2. India Ultralight and Light Aircraft Market
    • 11.4.3. Japan Ultralight and Light Aircraft Market
    • 11.4.4. Australia Ultralight and Light Aircraft Market
    • 11.4.5. South Korea Ultralight and Light Aircraft Market
    • 11.4.6. Rest of Asia Pacific Ultralight and Light Aircraft Market
  • 11.5. Latin America Ultralight and Light Aircraft Market Snapshot
    • 11.5.1. Brazil Ultralight and Light Aircraft Market
    • 11.5.2. Mexico Ultralight and Light Aircraft Market
  • 11.6. Rest of The World Ultralight and Light Aircraft Market

Chapter 12. Competitive Intelligence

  • 12.1. Top Market Strategies
  • 12.2. Company Profiles
    • 12.2.1. Textron Inc.
      • 12.2.1.1. Key Information
      • 12.2.1.2. Overview
      • 12.2.1.3. Financial (Subject to Data Availability)
      • 12.2.1.4. Product Summary
      • 12.2.1.5. Recent Developments
    • 12.2.2. Piper Aircraft
    • 12.2.3. Costruzioni Aeronautiche TECNAM S.p.A.
    • 12.2.4. Cirrus
    • 12.2.5. AutoGyro GmbH
    • 12.2.6. Pilatus Aircraft
    • 12.2.7. American Legend Aircraft Co.
    • 12.2.8. Honda Aircraft Company
    • 12.2.9. Flight Design General Aviation GmbH
    • 12.2.10. Quicksilver Aircraft

Chapter 13. Research Process

  • 13.1. Research Process
    • 13.1.1. Data Mining
    • 13.1.2. Analysis
    • 13.1.3. Market Estimation
    • 13.1.4. Validation
    • 13.1.5. Publishing
  • 13.2. Research Attributes
  • 13.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Ultralight and Light Aircraft Market, report scope
  • TABLE 2. Global Ultralight and Light Aircraft Market estimates & forecasts by Region 2018-2028 (USD Billion)
  • TABLE 3. Global Ultralight and Light Aircraft Market estimates & forecasts by Aircraft Type 2018-2028 (USD Billion)
  • TABLE 4. Global Ultralight and Light Aircraft Market estimates & forecasts by System 2018-2028 (USD Billion)
  • TABLE 5. Global Ultralight and Light Aircraft Market estimates & forecasts by Technology 2018-2028 (USD Billion)
  • TABLE 6. Global Ultralight and Light Aircraft Market estimates & forecasts by Material 2018-2028 (USD Billion)
  • TABLE 7. Global Ultralight and Light Aircraft Market estimates & forecasts by Propulsion 2018-2028 (USD Billion)
  • TABLE 8. Global Ultralight and Light Aircraft Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 9. Global Ultralight and Light Aircraft Market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 10. Global Ultralight and Light Aircraft Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 11. Global Ultralight and Light Aircraft Market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 12. Global Ultralight and Light Aircraft Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 13. Global Ultralight and Light Aircraft Market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 14. Global Ultralight and Light Aircraft Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 15. Global Ultralight and Light Aircraft Market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 16. Global Ultralight and Light Aircraft Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 17. Global Ultralight and Light Aircraft Market by region, estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 18. U.S. Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 19. U.S. Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 20. U.S. Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 21. Canada Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 22. Canada Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 23. Canada Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 24. UK Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 25. UK Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 26. UK Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 27. Germany Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 28. Germany Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 29. Germany Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 30. RoE Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 31. RoE Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 32. RoE Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 33. China Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 34. China Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 35. China Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 36. India Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 37. India Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 38. India Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 39. Japan Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 40. Japan Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 41. Japan Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 42. RoAPAC Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 43. RoAPAC Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 44. RoAPAC Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 45. Brazil Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 46. Brazil Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 47. Brazil Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 48. Mexico Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 49. Mexico Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 50. Mexico Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 51. RoLA Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 52. RoLA Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 53. RoLA Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 54. Row Ultralight and Light Aircraft Market estimates & forecasts, 2018-2028 (USD Billion)
  • TABLE 55. Row Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 56. Row Ultralight and Light Aircraft Market estimates & forecasts by segment 2018-2028 (USD Billion)
  • TABLE 57. List of secondary sources, used in the study of global Ultralight and Light Aircraft Market
  • TABLE 58. List of primary sources, used in the study of global Ultralight and Light Aircraft Market
  • TABLE 59. Years considered for the study
  • TABLE 60. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Ultralight and Light Aircraft Market, research methodology
  • FIG 2. Global Ultralight and Light Aircraft Market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Ultralight and Light Aircraft Market, key trends 2021
  • FIG 5. Global Ultralight and Light Aircraft Market, growth prospects 2022-2028
  • FIG 6. Global Ultralight and Light Aircraft Market, porters 5 force model
  • FIG 7. Global Ultralight and Light Aircraft Market, pest analysis
  • FIG 8. Global Ultralight and Light Aircraft Market, value chain analysis
  • FIG 9. Global Ultralight and Light Aircraft Market by segment, 2018 & 2028 (USD Billion)
  • FIG 10. Global Ultralight and Light Aircraft Market by segment, 2018 & 2028 (USD Billion)
  • FIG 11. Global Ultralight and Light Aircraft Market by segment, 2018 & 2028 (USD Billion)
  • FIG 12. Global Ultralight and Light Aircraft Market by segment, 2018 & 2028 (USD Billion)
  • FIG 13. Global Ultralight and Light Aircraft Market by segment, 2018 & 2028 (USD Billion)
  • FIG 14. Global Ultralight and Light Aircraft Market, regional snapshot 2018 & 2028
  • FIG 15. North America Ultralight and Light Aircraft Market 2018 & 2028 (USD Billion)
  • FIG 16. Europe Ultralight and Light Aircraft Market 2018 & 2028 (USD Billion)
  • FIG 17. Asia Pacific Ultralight and Light Aircraft market 2018 & 2028 (USD Billion)
  • FIG 18. Latin America Ultralight and Light Aircraft Market 2018 & 2028 (USD Billion)
  • FIG 19. Global Ultralight and Light Aircraft Market, company market share analysis (2021)