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.
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.
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.
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.
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.
by aircraft type
by flight operation
Vertical Take-Off and Landing (VTOL)
Conventional Take-Off and Landing (CTOL)
By End Use
Civil & Commercial
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
10.2 Conventional Fuel
11.Ultralight and Light Aircraft Market, By End Use
11.1 Civil & Commercial
12.Ultralight and Light Aircraft Market, By Technology
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 American Legend Aircraft
14.4 Cirrus Aircraft
14.5 Costruzioni Aeronautiche TECNAM
14.6 Flight Design General Aviation
14.8 Piper Aircraft
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
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