Ultralight and Light Aircraft Market

The report "Ultralight and Light Aircraft Market by Aircraft Type (Ultralight & Light Aircraft), End Use (Civil & Commercial and Military), Flight Operation (CTOL & VTOL), Technology, Propulsion, Material, System, Aftermarket and Region - Global Forecast to 2028" The ultralight and light aircraft market size is projected to grow from an estimated USD 9.3 billion in 2023 to USD 18.4 billion by 2028, at a CAGR of 14.4% during the forecast period. This growth can be attributed to the increasing aircraft demand and advancements in traditional aircrafts.

Browse 354 market data Tables and 46 Figures spread through 285 Pages and in-depth TOC on "Ultralight and Light Aircraft Market by Aircraft Type (Ultralight & Light Aircraft), End Use (Civil & Commercial and Military), Flight Operation (CTOL & VTOL), Technology, Propulsion, Material, System, Aftermarket and Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/ultralight-aircraft-market-181448279.html

The manned technology segment is projected to grow at the highest CAGR during the forecast period.

Based on technology, the ultralight and light aircraft market has been segmented into the manned and unmanned segments. A manned aircraft requires a human pilot in the cockpit, whereas an unmanned aircraft does not require a pilot to control flight operations. The manned segment is accounted for largest share of the ultralight and light aircraft market in 2023.

The light aircraft aftermarket segment accounts for the largest market size during the forecast period.

Based on aftermarket, the ultralight and light aircraft market is segmented into ultralight aircraft and light aircraft. Minimum and maximum take-off weights were taken into consideration to define these segments. Ultralight aircraft include aircraft with a maximum take-off weight of less than 600 kg, while light aircraft have a maximum take-off weight ranging from 600 kg to 5,700 kg. The increasing demand for aftermarket services, upgrades, and replacement of parts for aging aircraft fleets is a major factor driving the global ultralight and light aircraft aftermarket. The light aircraft segment is estimated to account for largest share of the ultralight and light aircraft market in 2023. aircraft.

The civil and commercial end use segment accounts for the largest market size during the forecast period.

Based on end use, the ultralight and light aircraft market is segmented into the civil and commercial and military segments. The civil and commercial segment accounted for a largest share, of the ultralight and light aircraft market in 2023.

The commercial & civil segment includes ultralight and light aircraft used in personal, passenger, commercial cargo, training, survey & research, agriculture, and medical applications across various end-use industries. The military segment covers ultralight and light aircraft used for pilot training, search & rescue, and transportation of military cargo, among others.

North America is projected to grow at the highest CAGR during the forecast period.

North America is expected to be the lead the ultralight and light aircraft market during the forecast period. The North America has led the domestic as well as international passenger traffic in the recent years. US and Canada are also one of the leading countries the use aircraft for multiple recreational use. This drives North America to be a prominent ultralight and light aircraft market. Increasing military upgrades, such as the purchase of unmanned aerial vehicles, and innovative technologies such as hybrid aircraft, which can take off with conventional and vertical flight operations, are expected to drive the ultralight and light aircraft market in North America during the forecast period.

Major players operating in the ultralight and light aircraft market are Bell Helicopters (US), Pilatus Aircraft(Switzerland), Air Tractor (US), Flight Design General Aviation (Germany), Pipistrel doo (Slovenia),Textron Inc. (US) , Aeropro(Slovakia), Autogyro (Germany).These key players offer ultralight and light aircrafts across regions, and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Latin American, Middle East and African regions.

Don’t miss out on business opportunities in Ultralight and Light Aircraft Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]