Global Ultra-light and light Aircraft Market; By Aircraft Type (Ultra-Light Aircraft and Light Aircraft); By End Use(Military and Civil & Commercial); By System (Airframes, Avionics, Cabin Interiors and Aircraft Systems); By Technology (Manned And Unmanned Technology) And by Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Ultra-light aircraft or micro light aircraft is a lightweight aircraft that operators are only allowed to fly for sport and recreation. Neither Federal Aviation Administration (FAA) registration, nor pilot license is required for an ultra-light. These aircrafts are designed especially for recreational usage and short-distance flying. While, a light aircraft is an aircraft with a maximum gross take-off weight of less than 12,500 lb.
Global Ultra-light and light Aircraft market registered a growth of USD XXX billion in 2019 and is expected to grow at a CAGR of XX% till 2030. Growing usage of ultra light and light aircrafts in agriculture and advancements in farming techniques is expected to increase the market growth. Increasing demand for recreational flights and deliveries of Unmanned Aerial Vehicles (UAVs) is also expected to increase growth in the forecast period. Advances in UAV technology have strengthened their ability to conduct various military activities, such as surveying and tracking.
Ultra light and light Aircraft Market: Segments
Global Ultra-light and light aircraft market has been segmented on the basis of aircraft type, end usage, systems, technology and region.
The ultra light aircraft segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
By aircraft type the global ultra-light and light aircraft market is segmented into ultra-light aircraft and light aircraft. The light aircraft segment comes into two variants, 600-2500 MTOW type and 2500-5700 MTOW type. The ultra light aircraft segment to hold highest CAGR growth in the market owing to its increased use in commercial and civil application. New startups focusing on developing aircrafts is also expected to spur growth along with increased urbanization and mobility between cities.
Global Ultra light and light Aircraft Market: Market Dynamics
High demand for Ultra light and light Aircraft and UAV’s to increase market growth
Growing usage of ultra light and light aircrafts in agriculture and advancements in farming techniques is expected to increase the market growth. According to a 2019 survey by the National Agricultural Aviation Association (NAAA), the agricultural aviation business aerially treats about 127 million acres of cropland. Increasing demand for recreational flights and deliveries of Unmanned Aerial Vehicles (UAVs) is also expected to increase growth in the forecast period. Advances in UAV technology have strengthened their ability to conduct various military activities, such as surveying and tracking.
Trade restrictions and health threats to restraint the growth of the Ultra light and light Aircraft market
Trade restrictions between the US and China have a negative impact on the growth of the ultra light and light aircraft market. Passenger health threats and limits on commercially flying drones also hinder overall market growth. The use of UAVs for commercial and civil applications often relies on approvals from various regulatory bodies.
Global Ultra light and light Aircraft Market: Regions
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.
North America is expected to hold highest market share owing to the presence of key market players in the region such as Textron, Cirrus aircraft and Piper aircraft. Furthermore, the presence of airports across the reason helps in providing ease of business travel resulting in saving of time as well as increased demand of ultra light and light aircraft.
Middle East and Africa region is expected to be the fastest-growing regions for the ultra light and light aircraft market due to the increase in air travel in the region. Increase in the demand for ultra light and light aircrafts by manufacturers is also anticipated to spur market growth. The growth of the market in MENA is also driven by the increase in VVIP and business transport in the region along with growth in the tourism industry.
Global Ultra light and light Aircraft Market: Key Players
- Cirrus aircraft
- ·Company Overview
- ·Business Strategy
- ·Key Product Offerings
- ·Financial Performance
- ·Key Performance Indicators
- ·Risk Analysis
- ·Recent Development
- ·Regional Presence
- ·SWOT Analysis
- Flight Design general aviation GmbH
- P&M aviation
- Pilatus aircraft
- Piper aircraft Ltd.
- Quicksilver aircraft
- Robinson Helicopter company
- Autogyro GmbH
- American Legend Aircraft Co.
- Other prominent players
Ultra light and light Aircraft market report also contains analysis on:
- Ultra light and light Aircraft Market Segments:
- By end use:
- ·Military usage
- ·Civil & Commercial usage
- By aircraft type:
- ·Ultra light aircraft
- ·Light aircraft
- By system:
- ·Cabin interiors
- ·Aircraft systems
- By technology:
- ·Manned technology
- ·Unmanned technology
- Ultra light and light Aircraft Market Dynamics
- Ultra light and light Aircraft Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints