The Ultralight and light aircraft market size is projected to grow from USD 9.3 billion in 2023 to USD 18.4 billion by 2028, at a CAGR of 14.4% from 2023 to 2028. The ultralight and light aircraft market encompasses a wide range of aircraft designed for recreational and personal use, as well as specialized applications. These aircraft are characterized by their lightweight construction, compact size, and efficient performance, making them popular choices for aviation enthusiasts, pilots, and various industries. An ultralight aircraft is an aircraft having a maximum take-off weight (MTOW) of less than 600 kg, Ultralight aircraft are small, single or two-seat aircraft that fall under specific weight and performance limits set by aviation authorities. They are typically simple in design, utilizing lightweight materials and basic systems to achieve maximum maneuverability and low operating costs. Ultralight aircraft offer a thrilling flying experience, allowing pilots to soar through the skies with unmatched freedom and agility. Light aircraft, on the other hand, have an MTOW range from 600 kg to 5,700 kg encompass a broader category of aircraft that includes single-engine airplanes, helicopters, gyroplanes, and other small aircraft. They offer greater versatility and capability compared to ultralights, catering to a wider range of applications such as personal transportation, flight training, aerial photography, agricultural operations, surveillance, and more.
One of the key advantages of ultralight and light aircraft is their accessibility. They are often more affordable to purchase and operate compared to larger aircraft, making them attractive to individuals seeking personal flying experiences or those looking to enter the aviation industry. These aircraft are relatively easy to fly, and obtaining the necessary licenses and certifications for ultralights and light aircraft is typically less stringent and time-consuming than for larger aircraft.
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Agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the ultralight and light aircraft market.
Major players operating in the ultralight and light aircraft market include Aeropro (Slovakia), American Legend Aircraft Co. (US), Autogyro GmbH(Germany), Cirrus Aircraft (US), Costruzioni Aeronautiche TECNAM SpA (Italy), Evektor Aerotechnik (Czech Republic), Flight Design General Aviation (German), P&M Aviation (UK), Pilatus Aircraft (Switzerland), Piper Aircraft, Inc (US), Pipistrel doo (Slovenia), Quicksilver Aircraft (US), Textron Inc (US), and Vulcan Air (Italy) among others.
Pipistrel is a private aircraft manufacturer established in 1989 and headquartered in Ajdovšcina, Slovenia. The company was the first private aircraft manufacturer in the former Yugoslavia. It started as a manufacturer of hand gliders and has grown into a manufacturer of light aircraft, ultralight motor and self-launching gliders, electric aircraft, trikes, and propellers. The company has offices around the world in countries such as India, Italy, and China. As a part of the agreement In March 2022, Pipistrel became part of Textron eAviation, which is a business segment of Textron Inc. The products of Pipistrel doo include Light Aircrafts Panthera and Nuuva 300 while the ultralight include Explorer Velis Club,Velis Electro, Alpha Trainer, Virus SW, Taurus Electro, Sinus, Surveyor.
Evektor Aerotechnik is a private aircraft manufacturer Evektor has more than 380 employees working across the Czech Republic. It has produced and sold over 1,400 aircraft across 50 countries. Its aircraft portfolio includes light aircraft and various aircraft models under development, including electric aircraft. Its ultralight aircrafts include SportStar RTC, Harmony LSA, EuroStar SL
Costruzioni Aeronautiche TECNAM SpA
Costruzioni Aeronautiche TECNAM SpA is a private aircraft manufacturer known for aircraft ranging from light aircraft to aircraft for general aviation purposes. The company has sold over 7,500 aircraft globally. It has a developed network of over 60 dealers and more than 125 service centers worldwide. The light aircraft product range include P2012 SMP, SentinelP2012 STOL, P2010 Gran Lusso, P-MENTOR, P2008JC, P2006T, P2012. And the ultralight products include P2002, Sierra Mk II, Astore.
Textron Inc. consists of a global network of businesses in aircraft, defense, industrial, and finance markets. It presently operates through five business segments, namely, Textron Aviation, Bell, Textron Systems, Industrial, and Finance. Textron Aviation is one of the leaders in general aviation, which offers aircraft and aftermarket services. Aircraft sales include business jets, turboprop aircraft, piston-engine aircraft, and military trainer & defense aircraft of Beechcraft and Cessna aircraft brands. The aftermarket services include parts and MRO services of the Hawker aircraft brand. Bell Helicopter, one of the leading suppliers of military and commercial helicopters, is working with Uber Elevate (US)to introduce the air taxi concept. Bell unveiled its concept air vehicle called the Nexus at the International Consumer Electronics Show, 2019. Its light aircraft products include Citation M2 Gen2, Caravan, Grand Caravan EX, Turbo Stationair HD, Cessna Skylane, Cessna Skyhawk, Baron G58, Bonanza G36.
Pilatus Aircraft is a manufacturer of short take-off and landing (STOL) aircraft and military training aircraft. The company has been involved in the design and development of light aircraft such as PC-12 and PC-21. It delivered 40 units in 2019 and around 50 orders delivered in 2020. The light aircraft products include PC-21 NGX and PC-12 NGX .
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
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