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Ultralight and Light Aircraft Market

Ultralight and Light Aircraft Market by aircraft type (Light Aircraft, Ultralight Aircraft), by flight operation (Vertical Take-Off and Landing (VTOL), Conventional Take-Off and Landing (CTOL)), By propulsion (Electric/Hybrid, Conventional Fuel), By End Use (Civil & Commercial, Military), By Technology (Manned, Unmanned), by Regions and Global Forecast 2022-2028

Report Id: SNS/A&D/1839 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Ultralight and Light Aircraft Market Size was valued at USD 16.36 billion in 2021 and US$ 16.88 billion in 2022, expected to reach USD 20.35 billion by 2028, and grow at a CAGR of 3.16% over the forecast period 2022-2028.

The growing acceptance of light and easy commercial and commercial aircraft drives the entire industry. NATO defense forces are increasingly using UAV to target terrorists and terrorist groups around the world. The increasing use of UAV to fight terrorism can be attributed to the various benefits it offers, including reduced risk to the lives of security personnel, precise strikes to eliminate terrorist groups, and cost effectiveness. Advances in technology used in UAV have improved their ability to perform various military tasks such as surveillance and surveillance. The increasing use of UAV to fight terrorism serves as a driving force in the market for light and easy aircraft. UAV are used in military operations that can kill pilots. These machines are commonly called three D's — Dull, Dirty, and Dangerous — they are best made using UAV that can be used remotely or automatically. The development of the wide range and capabilities of UAV has improved their reliability, enabling them to perform military operations with the same accuracy as a manned aircraft but with much lower risk.

Ultralight and Light Aircraft Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • The market will be driven by ultralight aircraft's low-cost operation and maintenance.

  • Low acquisition, maintenance, and operation costs result in a low cost of ownership.

RESTRAINTS:

  • Trade barriers between the United States and China have hampered the growth of the ultralight and light aircraft markets.

  • Delay in ultralight and light aircraft deliveries.

OPPORTUNITIES:

  • Traditional aircraft propulsion is being advanced.

  • Control system failures, engine failures, and inexperienced pilots account for the vast majority of cases. There has been a rapid increase in research activities aimed at developing commercially viable hybrid-electric aircraft propulsion systems.

CHALLENGES:

  • Safety considerations for ultralight and light aircraft operations

  • Control system failures, engine failures, and inexperienced pilots account for the vast majority of cases.

Personal flying, air sports, business travel, survey and research, medical, training, and passenger and cargo transport are all examples of civil and commercial uses for ultralight and light aircraft. Except for military and regional commercial aircraft, this segment includes all ultralight and light aircraft. Light business aircraft are used to transport commercial passengers. These aircraft are lightweight, low-cost alternatives to business jets. When compared to large business jets, they require less runway and have lower operating costs.

Light aircraft include fixed-wing and rotary-wing aircraft such as planes, helicopters, and unmanned aerial vehicles . These aircraft have a weight range of 600 kg to 5,700 kg. Future technologies such as electric or hybrid aircraft for Urban Air Mobility and cargo transport have been included in the scope of the light aircraft segment. The ultralight and light aircraft market is divided into two categories based on flight operation: conventional take-off and landing and vertical take-off and landing . Fixed-wing ultralights and light aircraft are examples of CTOL aircraft. These aircraft, which typically have turboprop or piston engines, require a runway or an airstrip to operate. The runway for seaplanes is water, but the approach is similar to that of other passenger aircraft. CTOL aircraft are the most commonly used aircraft, and they operate in the same manner as any other conventional aircraft. Student pilots use ultralight and light aircraft to learn the fundamentals of flight, such as takeoff and landing.

The ultralight and light aircraft market is divided into four systems: air-frames, avionics, aircraft systems, and cabin interiors. Aircraft systems include all mechanical and electrical systems that are necessary for the smooth operation of flights in any aircraft. Hydraulic systems, pneumatic systems, environmental control systems, emergency systems, electrical systems, propulsion systems, and landing systems are examples of mechanical and electrical systems. The demand for aircraft systems in ultralight and light aircraft is being driven by technological advancements in electrical systems and innovations in electric propulsion.

MARKET KEY PLAYER

Aeropro, American Legend Aircraft, Autogyro, Cirrus Aircraft, Costruzioni Aeronautiche TECNAM, Flight Design General Aviation, Pilatus, Piper Aircraft, Pipistrel, and Textron.

MARKET SEGMENT:

by aircraft type

  • Light Aircraft

  • Ultralight Aircraft

by flight operation

  • Vertical Take-Off and Landing (VTOL)

  • Conventional Take-Off and Landing (CTOL)

By propulsion

  • Electric/Hybrid

  • Conventional Fuel

By End Use

  • Civil & Commercial

  • Military

By Technology

  • Manned

  • Unmanned

Ultralight and Light Aircraft Market Segment Chart

REGIONAL ANALYSIS:

In 2022, the North American region is expected to account for 45 percent of the ultralight and light aircraft market. The aviation and aerospace industry in North America is expanding steadily. As a result, there is a high demand for ultralight and light aircraft. Factors such as rapid growth in aircraft manufacturing, technological advancements, and travel and tourism are driving the growth of the ultralight and light aircraft market in this region. Following increased demand for various models of ultralight and light aircraft, the market for ultralight and light aircraft is expected to grow significantly in the United States and Canada.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Ultralight and Light Aircraft Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 16.36 Billion
Market Size by 2028 US$ 20.35 Billion
CAGR CAGR of 3.16% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By aircraft type (Light Aircraft, Ultralight Aircraft)
• By flight operation (Vertical Take-Off and Landing (VTOL), Conventional Take-Off and Landing (CTOL))
• By propulsion (Electric/Hybrid, Conventional Fuel)
• By End Use (Civil & Commercial, Military)
• By Technology (Manned, Unmanned)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Aeropro, American Legend Aircraft, Autogyro, Cirrus Aircraft, Costruzioni Aeronautiche TECNAM, Flight Design General Aviation, Pilatus, Piper Aircraft, Pipistrel, and Textron.
DRIVERS • The market will be driven by ultralight aircraft's low-cost operation and maintenance.
• Low acquisition, maintenance, and operation costs result in a low cost of ownership.
RESTRAINTS • Trade barriers between the United States and China have hampered the growth of the ultralight and light aircraft markets.
• Delay in ultralight and light aircraft deliveries.


Frequently Asked Questions (FAQ) :


Table of Content:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Ultralight and Light Aircraft Market, by aircraft type

8.1 Light Aircraft

8.2 Ultralight Aircraft

 

9.Ultralight and Light Aircraft Market, by flight operation

9.1 Vertical Take-Off and Landing (VTOL)

9.2 Conventional Take-Off and Landing (CTOL)

 

10.Ultralight and Light Aircraft Market, By propulsion

10.1 Electric/Hybrid

10.2 Conventional Fuel

 

11.Ultralight and Light Aircraft Market, By End Use

11.1 Civil & Commercial

11.2 Military

 

12.Ultralight and Light Aircraft Market, By Technology

12.1 Manned

12.2 Unmanned

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14.Company Profiles

14.1 Aeropro

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 American Legend Aircraft

14.3 Autogyro

14.4 Cirrus Aircraft

14.5 Costruzioni Aeronautiche TECNAM

14.6 Flight Design General Aviation

14.7 Pilatus

14.8 Piper Aircraft

14.9 Pipistrel

14.10 Textron.

 

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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