Ultralight and Light Aircraft Market

Key players adopted various growth strategies, such as new product launches, expansions, and contracts & agreements, to strengthen their presence in the Ultralight and Light Aircraft Market

The ultralight and light aircraft market size is expected to grow from USD 7.1 billion in 2018 to USD 13.9 billion by 2030, at a CAGR of 5.80% during the forecast period. Increasing demand for ultralight aircraft for air taxi, recreational flights, and medical applications in the Asia Pacific and Europe is one of the major factors driving this market.

Major players in the ultralight and light aircraft market include Aeropro (Slovakia), American Legend Aircraft (US), Autogyro (Germany), Cirrus Aircraft (US) Costruzioni Aeronautiche TECNAM (Italy), Evektor-Aerotechnik (Czech Republic), Flight Design General Aviation (German), P&M Aviation (UK), Pilatus (Switzerland), Piper Aircraft (US), Pipistrel (Slovenia), Quicksilver Aircraft (US), Textron (US), and Vulcan Air (Italy), among others. These players have adopted various growth strategies, such as new product launches, expansions, and contracts & agreements, to strengthen their presence in the ultralight and light aircraft market. New product launches and contracts & agreements have been the leading strategies adopted by major players from March 2015 to January 2019, which helped them innovate upon their offerings and expand their customer bases.

Textron (US) is one of the leading manufacturers of ultralight and light aircraft across the globe. Bell Helicopter, a Textron Inc. company, revealed the configuration and full-scale vertical-takeoff-and-landing (VTOL) air taxi vehicle during CES in January 2019. The air taxi, Bell Nexus, is powered by a hybrid-electric propulsion system and features Bell’s signature powered lift concept incorporating 6 tilting ducted fans that are designed for safe and efficient air travel. Whereas, in April 2018, Textron Aviation announced at ABACE 2018 (Asian Business Aviation Conference and Exhibition) receiving orders for 52 Cessna Skyhawk aircraft. Hairuo General Aviation Co., Ltd. ordered 39 aircraft, while Hubei Sky-Blue International Aviation Academy Co., Ltd ordered 13 aircraft.

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Pilatus Aircraft (Switzerland) is one of the global leaders offering new advanced ultralight and light aircraft to civil as well as military end users. The company has undertaken investments to expand its share in the ultralight and light aircraft market. In October 2018, the company opened a new PC-12 and PC-24 facility in Broomfield, Colorado US which is expected to enhance the company’s production capacity. In January 2017, Pilatus announced signing 3 PC-21 fleet orders, for a total of 21 PC-21s, of which 17 are for the French Air Force and 2 each for the Royal Jordanian Air Force and QinetiQ. Together, these orders are worth over USD 292.7 million.

Tecnam (Italy) is a privately held company and one of the fastest-growing in Europe. Tecnam manufactures aircraft ranging from light aircraft to aircraft for general aviation purposes. In September 2018, Tecnam announced that Polish Medical Air Rescue (PMAR) placed an order for 3 Tecnam P2008JC Mk II aircraft. Whereas, in July 2018, Tecnam announced receiving contracts from Hellenic Air Force (HAF) for the supply of 12 low wing trainer P2002JF, and the same month, the company won another contract from the Thai Aviation Academy to provide 2 P2002JF and one P2006T twin aircraft.

Related Reports:

Ultralight and Light Aircraft Market Aircraft Type (Ultralight and Light Aircraft), End Use (Civil & Commercial and Military), Flight Operation (CTOL and VTOL), Technology (Manned and Unmanned), Propulsion, Material, and Region - Global Forecast to 2030

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Report Code
AS 3897
Published ON
Feb, 2019
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