HOME › Press Releases › Ultralight Aircraft Market worth 389.26 Million USD by 2020
Ultralight Aircraft Market worth 389.26 Million USD by 2020
The report “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”, analyzes and studies major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
Browse 73 market data tables and 83 figures spread through 134 pages and in-depth TOC on “Ultralight Aircraft Market - Global Forecast & Analysis to 2015 - 2020”
Early buyers will receive 10% customization on reports.
This report studies the ultralight aircraft market from 2015 to 2020. The market is expected to reach USD 389.26 Million by 2020, at CAGR of 5.23% from 2015 to 2020. Factors such as rise in sports and recreational spending, versatility in pilot training, and low cost of acquisition, maintenance and operation among others are factors driving the growth of the ultralight aircraft market. The factors such as economic slowdown and safety concerns are restricting the market growth.
The ultralight aircraft market is classified into three major segments, namely, aircraft type, engine type, application, and region.
On the basis of aircraft type, this market is segmented into fixed wing, flex wing and rotary wing.
The engine type segment is further classified into fuel-powered and electric.
The market on the basis of application market is segmented into recreation, commercial, and defense.
The fixed wing segment of the ultralight aircraft market, in terms of value, is estimated to account for the largest share of 80.45% in 2015, followed by the flex wing segment that holds an estimated share of 16.09% in the same year. In terms of volume, the flex wing segment leads the ultralight aircraft market, registering a share of 56.63% in 2015, followed by the fixed wing segment with a share of 41.82% in the same year.
As of 2015, Europe is estimated to hold the largest share of the ultralight aircraft market, followed by North America. The Middle East ultralight aircraft market is expected to grow at the highest CAGR of 7.93% between 2015 and 2020.
The ultralight aircraft market is dominated 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.).
The report also draws the competitive landscape of the ultralight aircraft market, providing an in-depth comparative analysis of the technological and marketing strategies adopted by key players thriving in this market. The key strategies adopted by major companies in the ultralight aircraft market are new product launches, providing customized solutions, and mergers & acquisitions.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India