HOME Top Market Reports Ultralight Aircraft Market by Aircraft Type (Fixed Wing, Flex Wing, Rotary Wing), by Engine Type (Fuel Powered, Electric), by Application (Recreation, Commercial, Defense), by Region - Global Forecast & Analysis to 2015 - 2020

Ultralight Aircraft Market by Aircraft Type (Fixed Wing, Flex Wing, Rotary Wing), by Engine Type (Fuel Powered, Electric), by Application (Recreation, Commercial, Defense), by Region - Global Forecast & Analysis to 2015 - 2020

By: marketsandmarkets.com
Publishing Date: November 2015
Report Code: AS 3897

 

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The report provides a competitive landscape for key players in the market, with an explicit focus on their product offerings, key financials, and growth strategies adopted by them to sustain their position in the market. The ultralight aircraft market is projected to reach USD 389.26 Million by 2020, at a CAGR of 5.23% from 2015 to 2020. The market study considers 2014 as the base year and 2015 to 2020 as forecast years. The market is segmented on the basis of aircraft type, engine type, application, and region. On the basis of aircraft types, this market is classified into fixed wing, flex wing and rotary wing. In terms of value, the fixed wing ultralight segment is projected to account for the largest market share, whereas in terms of volume, the flex wing ultralight segment is expected to account for the largest market share by 2020.

Key players in the ultralight aircraft market have been identified through the secondary research, and their market share has been determined through primary and secondary research. These include a study of annual and financial reports of top players and extensive interviews of leaders including CEOs, directors, and marketing executives.

All the percentage shares, splits, and breakdowns have been determined using secondary sources, and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to procure the final quantitative and qualitative data. This data has been consolidated, added with detailed inputs and analysis by MarketsandMarkets, and presented in this report.

The figure below represents the primary interview breakdown undertaken during the course of the study of ultralight market.

Ultralight Aircraft Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the ultralight aircraft market comprises raw material suppliers, manufacturers, distributors, and end users. The key end users of the market are adventurists, enthusiasts, recreational flyers and sectors such as defense and commercial. The ultralight aircraft market is characterized by direct distribution channels and the presence of mainly OEMs and Tier 1 & Tier 2 companies. The market is led by key players such as Costruzioni Aeronautiche Tecnam S.R.L. (Italy), Cub Crafters, Inc. (U.S.), Flight Design GmbH (Germany), Pipistrel D.O.O. Ajdovščina (Slovenia), and Evektor spol s.r.o. (Czech Republic), American Legend Aircraft Co. (U.S.), Aeropro s.r.o. (Slovakia), Jabiru Aircraft Pty. Ltd. (Australia), Quicksilver Aircraft (U.S.), and P&M Aviation (U.K.).

Apart from providing a general overview of companies, this report also highlights industry value chain, market size, and market share of key players.

In a nutshell, this research report offers consolidated business information regarding the ultralight aircraft market. It helps ultralight aircraft manufacturers and its stakeholders identify key revenue pockets in this market and throws light on which market segments to focus in the next five years for prioritizing efforts and investments.

Scope of the Report

This research report categorizes the ultralight aircraft market into the following segments and sub-segments:

  • Ultralight Aircraft Market, by Aircraft Type
    • Fixed Wing
      • Microlight
      • Light Sport Aircraft (LSA)
      • Seaplane
    • Flex Wing
      • Trike
      • Powered Paraglider (PPG)
      • Hang glider
      • Ultralight Glider
    • Rotary Wing
      • Autogyros
      • Helicopters

Ultralight Aircraft Market, by Engine Type

  • Fuel Powered
  • Electric

Ultralight Aircraft Market, by Application

  • Recreation
  • Commercial
  • Defense

Ultralight Aircraft Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Italy
    • Germany
    • France
    • Czech Republic
    • Russia
  • Asia-Pacific
    • Australia
    • China
    • India
    • New Zealand
  • Latin America
    • Brazil
  • The Middle East
    • U.A.E
  • Africa
    • South Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations in accordance to company-specific needs.

The following customization options are available for the report:

  • Regional Analysis
    • Application, By Region
    • Application, By Country
    • Engine Type, By Region
    • Engine Type, By Country
  • Additional 5 Company Profiling
  • Volume Analysis

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Study Limitations
    1.7 Market Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Demand-Side Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Indicators
                    2.2.2.1 Leisure & Recreation Expenditure
                    2.2.2.2 Urban Population
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Ultralight Aircraft Market
    4.2 Market, By Aircraft Type
    4.3 Europe: Market, By Aircraft Type
    4.4 Market, By Region
    4.5 Market, By Country
    4.6 Market, By Application
    4.7 Market, By Engine Type
    4.8 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Aircraft Type
           5.3.2 By Engine Type
           5.3.3 By Application
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Low Cost of Acquisition, Maintenance and Operation
                    5.4.1.2 Growth in Sports and Recreational Spending
                    5.4.1.3 Versatility for Pilot Training
                    5.4.1.4 High Usage in Remote Locations/Unpaved Airstrips
           5.4.2 Restraints
                    5.4.2.1 Economic Slowdown
                    5.4.2.2 Lack of Standards for Pilot Certification
                    5.4.2.3 Safety Concerns
           5.4.3 Opportunities
                    5.4.3.1 Night Vision Capability
           5.4.4 Challenges
                    5.4.4.1 Less Use of Sophisticated Avionics
                    5.4.4.2 Standardized Regulatory Framework

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Key Influencers
    6.4 Trends in Technology and Design
    6.5 Porter’s Five Forces Analysis
           6.5.1 Threat of New Entrants
           6.5.2 Threat of Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry

7 Ultralight Aircraft Market, By Aircraft Type (Page No. - 53)
    7.1 Introduction
    7.2 Fixed Wing Ultralight Aircraft
           7.2.1 Microlight
           7.2.2 Light Sport Aircraft
           7.2.3 Seaplane
    7.3 Flex Wing Ultralight Aircraft
           7.3.1 Trike
           7.3.2 Powered Paraglider
           7.3.3 Hang Glider
           7.3.4 Ultralight Glider
    7.4 Rotary Wing Ultralight Aircraft
           7.4.1 Autogyro
           7.4.2 Helicopter

8 Ultralight Aircraft Market, By Application (Page No. - 66)
    8.1 Introduction
    8.2 Recreation
    8.3 Commercial
    8.4 Defense

9 Ultralight Aircraft Market, By Engine Type (Page No. - 71)
    9.1 Introduction
    9.2 Fuel Powered Engine
    9.3 Electric Engine

10 Ultralight Aircraft Market, By Region (Page No. - 75)
     10.1 Introduction
     10.2 North America
             10.2.1 Ultralight Aircraft Market Size, By Country
             10.2.2 Market Size, By Aircraft Type
                        10.2.2.1 Fixed Wing Market Size, By Sub-Type
                        10.2.2.2 Flex Wing Market Size, By Sub-Type
                        10.2.2.3 Rotary Wing Market Size, By Sub-Type
             10.2.3 U.S.
                        10.2.3.1 Ultralight Aircraft Market Size, By Aircraft Type
             10.2.4 Canada
                        10.2.4.1 Market Size, By Aircraft Type
     10.3 Europe
             10.3.1 Ultralight Aircraft Market Size, By Country
             10.3.2 Market Size, By Aircraft Type
                        10.3.2.1 Fixed Wing Market Size, By Sub-Type
                        10.3.2.2 Flex Wing Market Size, By Sub-Type
                        10.3.2.3 Rotary Wing Market Size, By Sub-Type
             10.3.3 U.K.
                        10.3.3.1 Ultralight Aircraft Market Size, By Aircraft Type
             10.3.4 Italy
                        10.3.4.1 Market Size, By Aircraft Type
             10.3.5 Germany
                        10.3.5.1 Market Size, By Aircraft Type
             10.3.6 France
                        10.3.6.1 Ultralight Aircraft Market Size, By Aircraft Type
             10.3.7 Czech Republic
                        10.3.7.1 Market Size, By Aircraft Type
             10.3.8 Russia
                        10.3.8.1 Ultralight Aircraft Market Size, By Aircraft Type
     10.4 Asia-Pacific
             10.4.1 Ultralight Aircraft Market Size, By Country
             10.4.2 Market Size, By Aircraft Type
                        10.4.2.1 Fixed Wing Market Size, By Sub-Type
                        10.4.2.2 Flex Wing Market Size, By Sub-Type
                        10.4.2.3 Rotary Wing Market Size, By Sub-Type
             10.4.3 Australia
                        10.4.3.1 Market Size, By Aircraft Type
             10.4.4 China
                        10.4.4.1 Market Size, By Aircraft Type
             10.4.5 India
                        10.4.5.1 Market Size, By Aircraft Type
             10.4.6 New Zealand
                        10.4.6.1 Ultralight Aircraft Market Size, By Aircraft Type
     10.5 Latin America
             10.5.1 Ultralight Aircraft Market Size, By Country
             10.5.2 Market Size, By Aircraft Type
                        10.5.2.1 Fixed Wing Market Size, By Sub-Type
                        10.5.2.2 Flex Wing Market Size, By Sub-Type
                        10.5.2.3 Rotary Wing Market Size, By Sub-Type
             10.5.3 Brazil
                        10.5.3.1 Ultralight Aircraft Market Size, By Aircraft Type
     10.6 Africa
             10.6.1 Market Size, By Country
             10.6.2 Market Size, By Aircraft Type
                        10.6.2.1 Fixed Wing Market Size, By Sub-Type
                        10.6.2.2 Flex Wing Market Size, By Sub-Type
                        10.6.2.3 Rotary Wing Market Size, By Sub-Type
             10.6.3 South Africa
                        10.6.3.1 Ultralight Aircraft Market Size, By Aircraft Type
     10.7 The Middle East
             10.7.1 Ultralight Aircraft Market Size, By Country
             10.7.2 Market Size, By Aircraft Type
                        10.7.2.1 Fixed Wing Market Size, By Sub-Type
                        10.7.2.2 Flex Wing Market Size, By Sub-Type
                        10.7.2.3 Rotary Wing Market Size, By Sub-Type
             10.7.3 Uae
                        10.7.3.1 Ultralight Aircraft Market Size, By Aircraft Type

11 Competitive Landscape (Page No. - 107)
     11.1 Introduction
     11.2 Market Share Analysis of Ultralight Aircraft (Light Sport Aircraft)
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches
             11.3.2 Expansions
             11.3.3 Partnerships and Collaborations
             11.3.4 Agreements

12 Company Profiles (Page No. - 114)
     12.1 Introduction
(Overview, Financials, Products & Services, Strategy, and Developments)*
     12.2 Costruzioni Aeronautiche Tecnam S.R.L.
     12.3 Cub Crafters, Inc.
     12.4 Flight Design Gmbh
     12.5 Pipistrel D.O.O. Ajdovščina
     12.6 Evektor, Spol. S.R.O.
     12.7 American Legend Aircraft Co.
     12.8 Aeropro S.R.O.
     12.9 Jabiru Aircraft Pty. Ltd.
     12.10 Quicksilver Aircraft
     12.11 P&M Aviation

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 128)
     13.1 Discussion Guide
     13.2 Introducing RT: Real Time Market Intelligence
     13.3 Available Customizations
     13.4 Other Developments
     13.5 Related Reports


List of Tables (73 Tables)

Table 1 Assumptions of the Study
Table 2 Rise in Sports and Recreational Spending is Driving the Growth of the Ultralight Aircraft Market
Table 3 Economic Slowdown and the Lack of Standard for Pilot Certification is Limiting Market Progress
Table 4 Night Flying Capabilities Provide an Opportunity for the Growth of the Market for Training Purposes
Table 5 Weight Limitations and Less Use of Sophisticated Avionics Pose Challenges to the Market
Table 6 Ultralight Aircraft Market Size, By Aircraft Type, 2013–2020 (USD Million)
Table 7 Market Size, By Aircraft Type, 2013–2020 (Units)
Table 8 Fixed Wing Market Size, By Sub-Type, 2013–2020 (USD Million)
Table 9 Fixed Wing Ultralight Aircraft Volume, By Sub-Type, 2013–2020 (Units)
Table 10 Fixed Wing Market Size, By Region, 2013–2020 (USD Million)
Table 11 Flex Wing Market Size, By Sub-Type, 2013–2020 (USD Million)
Table 12 Flex Wing Ultralight Aircraft Volume, By Sub-Type, 2013–2020 (Units)
Table 13 Flex Wing Market Size, By Region, 2013–2020 (USD Million)
Table 14 Rotary Wing Market Size, By Sub-Type, 2013–2020 (USD Million)
Table 15 Rotary Wing Ultralight Aircraft Volume, By Sub-Type, 2013–2020 (Units)
Table 16 Rotary Wing Market Size, By Region, 2013–2020 (USD Million)
Table 17 Market Size, By Application, 2013-2020 (USD Million)
Table 18 Market Volume, By Application, 2013-2020 (Units)
Table 19 Market Size, By Engine Type, 2013-2020 (USD Million)
Table 20 Market Volume, By Engine Type, 2013-2020 (Units)
Table 21 Market Size, By Region, 2013-2020 (USD Million)
Table 22 North America: Ultralight Aircraft Market Size, By Country, 2013-2020 (USD Million)
Table 23 North America: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 24 North America: Fixed Wing Market Size, By Sub- Type, 2013-2020 (USD Million)
Table 25 North America: Flex Wing Market Size, By Sub- Type, 2013-2020 (USD Million)
Table 26 North America: Rotary Wing Market Size, By Sub- Type, 2013-2020 (USD Million)
Table 27 U.S.: Ultralight Aircraft Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 28 Canada: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 29 Europe: Market Size, By Country, 2013-2020 (USD Million)
Table 30 Europe: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 31 Europe: Fixed Wing Market Size, By Sub-Type, 2013-2020 (USD Million)
Table 32 Europe: Flex Wing Market Size, By Sub- Type, 2013-2020 (USD Million)
Table 33 Europe: Rotary Wing Market Size, By Sub-Type, 2013-2020 (USD Million)
Table 34 U.K.: Ultralight Aircraft Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 35 Italy: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 36 Germany: Ultralight Aircraft Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 37 France: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 38 Czech Republic: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 39 Russia: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 40 Asia-Pacific: Ultralight Aircraft Market Size, By Country, 2013-2020 (USD Million)
Table 41 Asia-Pacific: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 42 Asia-Pacific: Fixed Wing Market Size, By Aircraft Sub-Type, 2013-2020 (USD Million)
Table 43 Asia-Pacific: Flex Wing Market Size, By Sub-Type, 2013-2020 (USD Million)
Table 44 Asia-Pacific: Rotary Wing Market Size, By Sub-Type, 2013-2020 (USD Million)
Table 45 Australia: Ultralight Aircraft Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 46 China: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 47 India: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 48 New Zealand: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 49 Latin America: Ultralight Aircraft Market Size, By Country, 2013-2020 (USD Million)
Table 50 Latin America: Market Size, By Aircraft Type, 2013-2020 (USD Million)
Table 51 Latin America: Fixed Wing Market Size, By Sub-Type, 2013-2020 (USD Million)
Table 52 Latin America: Flex Wing Market Size, By Sub- Type, 2013-2020 (USD Thousand)
Table 53 Latin America: Rotary Wing Market Size, By Sub- Type, 2013-2020 (USD Million)
Table 54 Brazil: Ultralight Aircraft Market Size, By Aircraft Type, 2013-2020 (USD Thousand)
Table 55 Africa: Market Size, By Country, 2013-2020 (USD Million)
Table 56 Africa: Market Size, By Aircraft Type, 2013-2020 (USD Thousand)
Table 57 Africa: Fixed Wing Market Size, By Sub- Type, 2013-2020 (USD Million)
Table 58 Africa: Flex Wing Market Size, By Sub-Type, 2013-2020 (USD Thousand)
Table 59 Africa: Rotary Wing Market Size, By Sub- Type, 2013-2020 (USD Thousand)
Table 60 South Africa: Market Size, By Aircraft Type, 2013-2020 (USD Thousand)
Table 61 The Middle East: Ultralight Aircraft Market Size, By Country, 2013-2020 (USD Million)
Table 62 The Middle East: Market Size, By Aircraft Type, 2013-2020 (USD Thousand)
Table 63 The Middle East: Fixed Wing Market Size, By Sub-Type, 2013-2020 (USD Million)
Table 64 The Middle East: Flex Wing Market Size, By Sub-Type, 2013-2020 (USD Thousand)
Table 65 The Middle East: Rotary Wing Market Size, By Sub-Type, 2013-2020 (USD Thousand)
Table 66 Uae: Ultralight Aircraft Market Size, By Aircraft Type, 2013-2020 (USD Thousand)
Table 67 New Product Launches, 2011-2015
Table 68 Expansions, 2011-2015
Table 69 Partnerships and Collaborations, 2011–2015
Table 70 Agreements, 2011-2015
Table 71 New Product Launches, 2011-2015
Table 72 Expansions, 2011–2015
Table 73 Partnerships and Collaborations, 2012–2015


List of Figures (83 Figures)

Figure 1 Markets Covered: Ultralight Aircraft
Figure 2 Limitations of the Study
Figure 3 Research Design
Figure 4 Break Down of Primary Interviews: By Company Type, Designation & Region
Figure 5 Leisure & Recreation Expenditure, By Country, 2013 (USD Billion)
Figure 6 Urban Population, 2014
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Data Triangulation Methodology
Figure 10 Evolution of Ultralight Aircraft
Figure 11 Ultralight Aircraft Market Snapshot (2015 vs 2020): Fixed Wing Ultralight Expected to Hold the Largest Market Share By 2020
Figure 12 Recreation Expected to Hold the Largest Market Share By 2020
Figure 13 Fuel Powered Ultralights vs Electric Ultralights: Market Snapshot
Figure 14 Asia-Pacific and the Middle East to Witness Considerable Growth in the Ultralight Aircraft Market By 2020
Figure 15 U.A.E.: Highly Prospective Market in Terms of Growth
Figure 16 New Product Launches Have Fueled the Growth of the Market in Last Three Years
Figure 17 Attractive Opportunities in the Market, 2015-2020
Figure 18 Flex Wing Segment to Witness Rapid Growth By 2020
Figure 19 Fixed Wing Ultralight Aircraft is Estimated to Hold the Largest Market Share in 2015
Figure 20 The Market in the Middle East is Projected to Grow at the Highest CAGR From 2015 to 2020
Figure 21 The Market in the U.A.E. is Projected to Grow at the Highest CAGR From 2015 to 2020
Figure 22 Recreation Expected to Hold the Largest Market Share in 2015
Figure 23 Fuel Powered Ultralight Aircraft Projected to Hold the Largest Market Share in 2015
Figure 24 Latin America and the Middle East Markets to Soon Enter the Rapid Growth Phase
Figure 25 Evolution of Ultralight Aircraft
Figure 26 Ultralight Aircraft Market, By Aircraft Type
Figure 27 Fixed Wing Ultralight Aircraft, By Type
Figure 28 Flex Wing Ultralight Aircraft, By Type
Figure 29 Rotary Wing Ultralight Aircraft, By Type
Figure 30 Market, By Engine Type
Figure 31 Ultralight Aircraft, By Engine Type
Figure 32 Market, By Application
Figure 33 Ultralight Aircraft, By Application
Figure 34 Rise in Sports and Recreational Activities is Projected to Drive the Ultralight Aircraft Market
Figure 35 Sports and Recreation Expenditure in the U.K. (2006-2014)
Figure 36 Value Chain Analysis: Market
Figure 37 Supply Chain Analysis: Market
Figure 38 Ultralight Aircraft: Lightweight and Electric Powered Aircraft are Prime Focus Areas for Ultralight Aircraft Manufacturers
Figure 39 Porter’s Five Forces Analysis
Figure 40 Low Cost of Ownership to Push the Demand of Ultralight Aircraft Market in the Next Five Years
Figure 41 Positive Growth Rate Expected By 2020 for Market
Figure 42 Fixed Wing Ultralight Aircraft Market Snapshot (2015-2020)
Figure 43 Microlight Market Size, 2015 vs 2020 (USD Million)
Figure 44 Light Sport Aircraft Market Size, 2015 vs 2020 (USD Million)
Figure 45 Seaplane Market Size, 2015 vs 2020 (USD Million)
Figure 46 Flex Wing Ultralight Aircraft Market Snapshot (2015–2020)
Figure 47 Trike Market Size, 2015 vs 2020 (USD Million)
Figure 48 Powered Paraglider Market Size, 2015 vs 2020 (USD Million)
Figure 49 Hang Glider Market Size, 2015 vs 2020 (USD Million)
Figure 50 Ultralight Glider Market Size, 2015 vs 2020 (USD Million)
Figure 51 Rotary Wing Ultralight Aircraft Market Snapshot (2015–2020)
Figure 52 Autogyro Market Size, 2015 vs 2020 (USD Million)
Figure 53 Helicopter Market Size, 2015 vs 2020 (USD Million)
Figure 54 Increasing Demand for Ultralight Aircraft in Recreational Activity to Propel the Growth of the Ultralight Aircraft Market From 2015 to 2020
Figure 55 Ultralight Aircraft Market Size, By Application, 2015-2020 (USD Million)
Figure 56 Ultralight Aircraft Expected to Witness Steady Growth Until 2020
Figure 57 Market Size, By Recreation, (Value vs Volume)
Figure 58 Market Size, By Commercial, (Value vs Volume)
Figure 59 Market Size, By Defense, (Value vs Volume)
Figure 60 Electric Powered Ultralight Aircraft Estimated to Witness Stronger Growth in Near Future
Figure 61 Market Size, By Engine Type, 2015-2020 (USD Million)
Figure 62 Market Size, By Fuel Powered Engine (Value vs Volume)
Figure 63 Market Size, By Electric Engine, (Value vs Volume)
Figure 64 Europe Estimated to Account for the Largest Share in the Market, 2015
Figure 65 North America Snapshot: Ultralight Aircraft Market
Figure 66 North America: Market Size, By Country, 2015-2020 (USD Million)
Figure 67 Europe Snapshot: Ultralight Aircraft Market
Figure 68 Europe: Market Size, By Country, 2015 vs 2020 (USD Million)
Figure 69 Asia-Pacific Snapshot: Ultralight Aircraft Market
Figure 70 Asia-Pacific: Market Size, By Country, 2015 vs 2020 (USD Million)
Figure 71 Latin America Snapshot: Brazil is Expected to Dominate the Latin America Region in Terms of Market Share During the Forecast Period
Figure 72 Latin America: Market Size, By Aircraft Type, 2015 vs 2020 (USD Million)
Figure 73 Africa Snapshot: Ultralight Aircraft Market
Figure 74 Africa: Market Size, By Country, 2015 & 2020 (USD Million)
Figure 75 The Middle East Snapshot: : Ultralight Aircraft Market
Figure 76 The Middle East: Market Size, By Country, 2015 vs 2020 (USD Million)
Figure 77 Companies Adopted New Product Launches as the Key Growth Strategy Between 2011 and 2015
Figure 78 Aircraft Type vs Leading Companies (Product Mapping)
Figure 79 Ultralight Aircraft (Light Sport Aircraft) Market Share Analysis, By Key Player, 2014
Figure 80 Leading Companies for Ultralight Aircraft, By Region, 2014
Figure 81 Ultralight Aircraft Market Witnessed Significant Growth Between 2012 and 2014
Figure 82 New Product Launches: Most Widely Adopted Growth Strategy Between 2011 to 2015
Figure 83 Regionwise Revenue Mix of Top 4 Players

In terms of value, the global ultralight aircraft market is estimated to be USD 301.62 Million in 2015, and grow at a CAGR of 5.23% from 2015 to 2020.

The ultralight aircraft market is broadly classified into aircraft type, engine type, and application. In the market based on the aircraft type, the fixed wing segment is projected to account for the largest market share. The market for flex wing is expected to grow at the highest CAGR during the forecast period. A high demand for flex wing ultralights is attributed to reliability, cost-effectiveness, and longer range of these aircraft compared to other types.

Ultralight Aircraft Market

On the basis of applications, the recreation segment is expected to account for the largest market share owing to the growth in adventure sports and recreational spending in developed and emerging markets. Recreational flying has become an upcoming sport in regions such as Europe and the Middle East.

Ultralight aircraft vary depending on the application and various models are available in the market at different costs. Although it is primarily used for recreation, ultralight aircraft have a strong demand for pilot training and leisure activities across the globe.

On the basis of regions, this market is classified into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. In 2015, the ultralight aircraft market is estimated to be led by Europe, whereas emerging markets such as the Middle East would witness highest growth. This high growth rate can be attributed to rising recreational and sports spending over the past few years.

A number of factors including low cost of acquisition, maintenance, and operation; growth in adventure sports and recreational spending; and versatility in pilot training offered by ultralight aircraft are expected to drive the ultralight aircraft market.

Factors such as night vision capabilities and improved pilot licensing are expected to provide growth opportunities for the ultralight aircraft market. In contrast to this, factors such as economic slowdown and safety concerns are projected to restrict the growth of the market.

New product launches was a key strategy adopted by major players to sustain their position in the global ultralight aircraft market in 2014. Partnerships, agreements, collaborations, joint ventures, and acquisitions, are additional growth strategies adopted by key players to strengthen their product portfolio and expand their geographic presence.
The ultralight aircraft market is led by key players such as Costruzioni Aeronautiche Tecnam S.R.L. (Italy), Cub Crafters, Inc. (U.S.), Flight Design GmbH (Germany), Pipistrel D.O.O. Ajdovščina (Slovenia) and Evektor spol s.r.o. (Czech Republic), American Legend Aircraft Co. (U.S.), Aeropro s.r.o. (Slovakia), Jabiru Aircraft Pty. Ltd. (Australia), Quicksilver Aircraft (U.S.), and P&M Aviation (U.K.).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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