PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235913
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235913
Ultralight and Light Aircraft Market Forecasts to 2028 - Global Analysis By Aircraft Type (Ultralight Aircraft and Light Aircraft), Propulsion Type (Hybrid, Electric and Fuel), Material, Application and By Geography
According to Stratistics MRC, the Global Ultralight and Light Aircraft Market is accounted for $6.2 billion in 2022 and is expected to reach $10.8 billion by 2028 growing at a CAGR of 9.6% during the forecast period. Ultralight aircraft have progressed into specifically designed, light-weight, low-power aircraft that perform similarly to traditional light aircraft. Initially, ultralights were just hang gliders that had been powered by the addition of tiny engines resembling those seen in chainsaws. Different country's aviation authorities have different rules and classifications for slow-flying, light aircraft, which are governed by different legislation. Growth of the ultralight aircraft market is driven by factors such as low cost of acquisition and maintenance.
According to the National Agricultural Aviation Association survey, the agricultural aviation business treats around 127 million acres of cropland aerially.
Market Dynamics:
Driver:
Higher adoption of ultralight UAVs
Unmanned aerial vehicles (UAVs) are frequently utilised by security agencies to attack terrorists and terrorist organisations. Several countries have moved their focus to the adoption of powerful ultralight drones for specific military applications. The increased use of ultralight UAVs in defence forces is a major factor driving market expansion.
Restraint:
High and low-pressure shafts
The engine system needs a power generating system to meet the increased power demand, improve engine control stability. When the extraction power increases, the high pressure shafts frequently reflect a declining surge margin of the low pressure compressor, causing a problem to the overall propulsion is the factor restraining the expansion.
Opportunity:
Rise in commercial applications
The use of ultralight aircraft has been evolving continuously. Along with growing use in travel and leisure, ultralight aircraft are utilised for commercial, military, civil, and commuting purposes. Design innovation and the commercialization of aircraft types in response to shifting consumer demands are the main factors fostering industry expansion.
Threat:
Safety concerns
These aircrafts are small and consist of few parts, enabling aircraft to be lightweight. Its small size and light weight restrict the usage of safety features found in larger aircraft. Concerns regarding passenger safety, as well as restrictions on commercial drone flight, are limiting market expansion.
COVID-19 Impact
The sudden outbreak of COVID-19, imposition of global trade and travel restriction has posed a notable amount of challenges in business operations, majorly in cross border trade. Airport traffic and income have been significantly and immediately impacted by the pandemic. Global passenger travel decreased as a result of the pandemic, ultralight aircrafts are used for tourism and recreational purpose, suffering from major consumer loss.
The light aircraft segment is expected to be the largest during the forecast period
The light aircraft segment is estimated to have a lucrative growth, due to they are utilized for a variety of air taxi services and charter flights. However, an increase in demand for ultralight aircraft in urban air transportation and technological advancements in electrical system and innovations in electric propulsion are boosting the market growth.
The commercial segment is expected to have the highest CAGR during the forecast period
The commercial segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the ability of civil and commercial end users to adopt new technologies. It helps to generate long-term improvements in economic, social, and environmental efficiency are the factors fueling the growth of the segment.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rapidly expanding tourism industry. In order to expand and modernize its training fleet, a number of pilot training organizations are requesting advanced training aircraft, demonstrating significant growth potential.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the growing popularity of recreational aviation sports and the greater flexibility these aircraft provide compared to passenger aircraft. In addition, there have been large increases in pilot training activities and increased investments in modernizing current aircraft.
Key players in the market
Some of the key players profiled in the Ultralight and Light Aircraft Market include: Textron Aviation, Cirrus Aircraft, Diamond Aircraft, Sonex Aircraft, American Legend Aircraft, Phantom Aeronautics, Piper Aircraft, Pipistrel, Flight Design General Aviation, Quicksilver Aircraft, Costruzioni Aeronautiche TECNAM, Autogyro GmbH, Pilatus Aircraft Ltd, Evektor-Aerotechnik, Volocopter GmbH, P&M Aviation, PJSC Beriev Aircraft Company, Viking Air Ltd., Aeropro s.r.o. and Astronics Corporation.
Key Developments:
In July 2022, Cirrus Aircraft joins EAA Air Venture Oshkosh with a display of seven best-selling SR Series and Vision Jet aircraft showcasing a variety of the company's distinguished models and compelling deliveries.
In November 2021, Textron Aviation Inc. secured a contract worth US$ 143 million from Thailand to supply 8 units of Beechcraft AT-6 Wolverine light-attack aircraft.
Aircraft Types Covered:
- Ultralight Aircraft
- Light Aircraft
Propulsion Types Covered:
- Hybrid
- Electric
- Fuel
Materials Covered:
- Composites
- Aluminum
Applications Covered:
- Military
- Commercial
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Ultralight and Light Aircraft Market, By Aircraft Type
- 5.1 Introduction
- 5.2 Ultralight Aircraft
- 5.3 Light Aircraft
6 Global Ultralight and Light Aircraft Market, By Propulsion Type
- 6.1 Introduction
- 6.2 Hybrid
- 6.3 Electric
- 6.4 Fuel
7 Global Ultralight and Light Aircraft Market, By Material
- 7.1 Introduction
- 7.2 Composites
- 7.3 Aluminum
8 Global Ultralight and Light Aircraft Market, By Application
- 8.1 Introduction
- 8.2 Military
- 8.3 Commercial
9 Global Ultralight and Light Aircraft Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Textron Aviation
- 11.2 Cirrus Aircraft
- 11.3 Diamond Aircraft
- 11.4 Sonex Aircraft
- 11.5 American Legend Aircraft
- 11.6 Phantom Aeronautics
- 11.7 Piper Aircraft
- 11.8 Pipistrel
- 11.9 Flight Design General Aviation
- 11.10 Quicksilver Aircraft
- 11.11 Costruzioni Aeronautiche TECNAM
- 11.12 Autogyro GmbH
- 11.13 Pilatus Aircraft Ltd
- 11.14 Evektor-Aerotechnik
- 11.15 Volocopter GmbH
- 11.16 P&M Aviation
- 11.17 PJSC Beriev Aircraft Company
- 11.18 Viking Air Ltd.
- 11.19 Aeropro s.r.o.
- 11.20 Astronics Corporation
List of Tables
- Table 1 Global Ultralight and Light Aircraft Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Ultralight and Light Aircraft Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 3 Global Ultralight and Light Aircraft Market Outlook, By Ultralight Aircraft (2020-2028) ($MN)
- Table 4 Global Ultralight and Light Aircraft Market Outlook, By Light Aircraft (2020-2028) ($MN)
- Table 5 Global Ultralight and Light Aircraft Market Outlook, By Propulsion Type (2020-2028) ($MN)
- Table 6 Global Ultralight and Light Aircraft Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 7 Global Ultralight and Light Aircraft Market Outlook, By Electric (2020-2028) ($MN)
- Table 8 Global Ultralight and Light Aircraft Market Outlook, By Fuel (2020-2028) ($MN)
- Table 9 Global Ultralight and Light Aircraft Market Outlook, By Material (2020-2028) ($MN)
- Table 10 Global Ultralight and Light Aircraft Market Outlook, By Composites (2020-2028) ($MN)
- Table 11 Global Ultralight and Light Aircraft Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 12 Global Ultralight and Light Aircraft Market Outlook, By Application (2020-2028) ($MN)
- Table 13 Global Ultralight and Light Aircraft Market Outlook, By Military (2020-2028) ($MN)
- Table 14 Global Ultralight and Light Aircraft Market Outlook, By Commercial (2020-2028) ($MN)
- Table 15 North America Ultralight and Light Aircraft Market Outlook, By Country (2020-2028) ($MN)
- Table 16 North America Ultralight and Light Aircraft Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 17 North America Ultralight and Light Aircraft Market Outlook, By Ultralight Aircraft (2020-2028) ($MN)
- Table 18 North America Ultralight and Light Aircraft Market Outlook, By Light Aircraft (2020-2028) ($MN)
- Table 19 North America Ultralight and Light Aircraft Market Outlook, By Propulsion Type (2020-2028) ($MN)
- Table 20 North America Ultralight and Light Aircraft Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 21 North America Ultralight and Light Aircraft Market Outlook, By Electric (2020-2028) ($MN)
- Table 22 North America Ultralight and Light Aircraft Market Outlook, By Fuel (2020-2028) ($MN)
- Table 23 North America Ultralight and Light Aircraft Market Outlook, By Material (2020-2028) ($MN)
- Table 24 North America Ultralight and Light Aircraft Market Outlook, By Composites (2020-2028) ($MN)
- Table 25 North America Ultralight and Light Aircraft Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 26 North America Ultralight and Light Aircraft Market Outlook, By Application (2020-2028) ($MN)
- Table 27 North America Ultralight and Light Aircraft Market Outlook, By Military (2020-2028) ($MN)
- Table 28 North America Ultralight and Light Aircraft Market Outlook, By Commercial (2020-2028) ($MN)
- Table 29 Europe Ultralight and Light Aircraft Market Outlook, By Country (2020-2028) ($MN)
- Table 30 Europe Ultralight and Light Aircraft Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 31 Europe Ultralight and Light Aircraft Market Outlook, By Ultralight Aircraft (2020-2028) ($MN)
- Table 32 Europe Ultralight and Light Aircraft Market Outlook, By Light Aircraft (2020-2028) ($MN)
- Table 33 Europe Ultralight and Light Aircraft Market Outlook, By Propulsion Type (2020-2028) ($MN)
- Table 34 Europe Ultralight and Light Aircraft Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 35 Europe Ultralight and Light Aircraft Market Outlook, By Electric (2020-2028) ($MN)
- Table 36 Europe Ultralight and Light Aircraft Market Outlook, By Fuel (2020-2028) ($MN)
- Table 37 Europe Ultralight and Light Aircraft Market Outlook, By Material (2020-2028) ($MN)
- Table 38 Europe Ultralight and Light Aircraft Market Outlook, By Composites (2020-2028) ($MN)
- Table 39 Europe Ultralight and Light Aircraft Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 40 Europe Ultralight and Light Aircraft Market Outlook, By Application (2020-2028) ($MN)
- Table 41 Europe Ultralight and Light Aircraft Market Outlook, By Military (2020-2028) ($MN)
- Table 42 Europe Ultralight and Light Aircraft Market Outlook, By Commercial (2020-2028) ($MN)
- Table 43 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Country (2020-2028) ($MN)
- Table 44 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 45 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Ultralight Aircraft (2020-2028) ($MN)
- Table 46 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Light Aircraft (2020-2028) ($MN)
- Table 47 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Propulsion Type (2020-2028) ($MN)
- Table 48 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 49 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Electric (2020-2028) ($MN)
- Table 50 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Fuel (2020-2028) ($MN)
- Table 51 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Material (2020-2028) ($MN)
- Table 52 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Composites (2020-2028) ($MN)
- Table 53 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 54 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Application (2020-2028) ($MN)
- Table 55 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Military (2020-2028) ($MN)
- Table 56 Asia Pacific Ultralight and Light Aircraft Market Outlook, By Commercial (2020-2028) ($MN)
- Table 57 South America Ultralight and Light Aircraft Market Outlook, By Country (2020-2028) ($MN)
- Table 58 South America Ultralight and Light Aircraft Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 59 South America Ultralight and Light Aircraft Market Outlook, By Ultralight Aircraft (2020-2028) ($MN)
- Table 60 South America Ultralight and Light Aircraft Market Outlook, By Light Aircraft (2020-2028) ($MN)
- Table 61 South America Ultralight and Light Aircraft Market Outlook, By Propulsion Type (2020-2028) ($MN)
- Table 62 South America Ultralight and Light Aircraft Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 63 South America Ultralight and Light Aircraft Market Outlook, By Electric (2020-2028) ($MN)
- Table 64 South America Ultralight and Light Aircraft Market Outlook, By Fuel (2020-2028) ($MN)
- Table 65 South America Ultralight and Light Aircraft Market Outlook, By Material (2020-2028) ($MN)
- Table 66 South America Ultralight and Light Aircraft Market Outlook, By Composites (2020-2028) ($MN)
- Table 67 South America Ultralight and Light Aircraft Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 68 South America Ultralight and Light Aircraft Market Outlook, By Application (2020-2028) ($MN)
- Table 69 South America Ultralight and Light Aircraft Market Outlook, By Military (2020-2028) ($MN)
- Table 70 South America Ultralight and Light Aircraft Market Outlook, By Commercial (2020-2028) ($MN)
- Table 71 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Country (2020-2028) ($MN)
- Table 72 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 73 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Ultralight Aircraft (2020-2028) ($MN)
- Table 74 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Light Aircraft (2020-2028) ($MN)
- Table 75 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Propulsion Type (2020-2028) ($MN)
- Table 76 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 77 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Electric (2020-2028) ($MN)
- Table 78 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Fuel (2020-2028) ($MN)
- Table 79 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Material (2020-2028) ($MN)
- Table 80 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Composites (2020-2028) ($MN)
- Table 81 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Aluminum (2020-2028) ($MN)
- Table 82 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Application (2020-2028) ($MN)
- Table 83 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Military (2020-2028) ($MN)
- Table 84 Middle East & Africa Ultralight and Light Aircraft Market Outlook, By Commercial (2020-2028) ($MN)
