The Ultralight and Light Aircraft Market Size was valued at USD 16.88 billion in 2022 and is expected to reach USD 21.64 billion by 2030 with an emerging CAGR of 3.16% over the forecast period 2023-2030.
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.
To get more information on Ultralight and Light Aircraft Market - Request Free Sample Report
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.
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
.png)
Need any customization research on Ultralight and Light Aircraft Market - Enquiry Now
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
The Major Players are Aeropro, American Legend Aircraft, Autogyro, Cirrus Aircraft, Costruzioni Aeronautiche TECNAM, Flight Design General Aviation, Pilatus, Piper Aircraft, Pipistrel, Textron and Other Players
American Legend Aircraft-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 16.88 Billion |
| Market Size by 2030 | US$ 21.64 Billion |
| CAGR | CAGR of 3.16% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
The market size of the Ultralight and Light Aircraft Market was valued at USD 16.88 billion in 2022.
The growth rate of the Ultralight and Light Aircraft Market is 3.16% over the forecast period 2023-2030.
The key players of the Ultralight and Light Aircraft Market are Aeropro, American Legend Aircraft, Autogyro, Cirrus Aircraft, Costruzioni Aeronautiche TECNAM, Flight Design General Aviation, Pilatus, Piper Aircraft, Pipistrel, and Textron.
North America region dominated the Ultralight and Light Aircraft Market.
The Ultralight and Light Aircraft Market is segmented into 5 types: By Aircraft Type, By Flight Operation, By Propulsion, By Technology, and By End-user.
Table of Contents
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
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Ultralight and Light Aircraft Market Segmentation, By Aircraft Type
8.1 Light Aircraft
8.2 Ultralight Aircraft
9. Ultralight and Light Aircraft Market Segmentation, 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 Segmentation, By propulsion
10.1 Electric/Hybrid
10.2 Conventional Fuel
11. Ultralight and Light Aircraft Market Segmentation, By End Use
11.1 Civil & Commercial
11.2 Military
12. Ultralight and Light Aircraft Market Segmentation, 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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
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.
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.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Artificial Intelligence In Military Market Size was valued at US$ 8412.79 million in 2022, is expected to reach USD 28980.26 million by 2030, and grow at a CAGR of 16.72% over the forecast period 2023-2030.
The Autonomous Ships Market Size was valued at USD 7.22 billion in 2022 and is expected to reach USD 15.13 billion by 2030 with a growing CAGR of 9.7% over the forecast period 2023-2030.
The Military Drone Market Size was valued at USD 12.94 billion in 2023 and is expected to reach USD 22.72 billion by 2031 and grow at a CAGR of 7.2% over the forecast period 2024-2031.
The Tactical Data Link Market Size was valued at USD 8.3 billion in 2022, expected to reach USD 12.25 billion by 2030 and grow at a CAGR of 5.0% over the forecast period 2023-2030.
The Aircraft Electrical Systems Market Size was valued at US$ 22.21 million in 2022 and is expected to reach USD 38.14 million by 2030 with a growing CAGR of 7.0% over the forecast period 2023-2030.
The Aircraft Gearbox Market Size was valued at USD 3.1 billion in 2023 and is expected to reach USD 5.32 billion by 2031 with a growing CAGR of 7.0% over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
