Ultralight and Light Aircraft Market

Textron (US) and Pilatus (Switzerland) are the Key Players in the Ultralight and Light Aircraft Market

Ultralight aircraft have a maximum take-off weight (MTOW) of less than 600 kg, and light aircraft have an MTOW range from 600 kg to 5,700 kg. Light sports aircraft, fixed-wing aircraft, helicopters, gyrocopters, and unmanned aerial vehicles (UAVs) are considered under ultralight and light aircraft. The maximum take-off weight is defined as the maximum weight at which the aircraft can take-off. This weight limit is defined by manufacturers in adherence to safety norms. The estimated ultralight and light aircraft market is USD 7.5 billion in 2022 and is projected to reach USD 11.9 billion by 2030, at a CAGR of 5.9% from 2022 to 2030.

The ultralight and light aircraft market has witnessed significant growth over the past decade due to the increasing deployment of UAVs in military and commercial & civil applications. The future growth of the market is expected to be driven by the anticipated commercialization of passenger drones in the coming years. In March 2022, Textron Inc. and Bell aviation brands, announced that it had entered into an agreement to purchase Pipistrel.

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Key players in the ultralight and light aircraft market include Textron (US), Pilatus (Switzerland), Piper Aircraft (US), Costruzioni Aeronautiche TECNAM (Italy), and Cirrus (US). These players have been focusing on securing government contracts for their organic growth. Their core competencies include high investments in R&D activities.
Pipistrel is a private aircraft manufacturer, established in 1989 and headquartered in Ajdovščina, 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. Textron Inc. had entered into an agreement to purchase Pipistrel in March 2022.

Textron Inc. was founded in 1923 and is headquartered in Rhode Island, US. It is listed on the New York Stock Exchange under the ticker symbol NYSE: TXT and has 35,000 employees as of December 2019. The company 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. It 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 now working with Uber Elevate to introduce air taxi concept. Bell unveiled its concept air vehicle called the Nexus in International Consumer Electronics Show 2019.

Pilatus Aircraft was founded in 1939 and is headquartered in Stans, Switzerland. It 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. The company delivered 40 units in 2019 and has around 50 orders to be delivered in 2020.

Cirrus Aircraft is a private aircraft manufacturer established in 1984 with its headquarters in Minnesota, US. The company was acquired by China Aviation Industry General Aircraft in 2011 and now operates as of its subsidiary. The company has a broad aircraft portfolio that includes certified single-engine light aircraft.

Piper Aircraft Inc. is an American-based company founded in 1927. The company is being actively involved in general aviation across categories such as business jets, personal jets, and trainer aircraft. The company also provides its customers with the services and support required to maintain and safely operate their aircraft. The company’s business line aircraft provides more cabin space, high reliability, ease, and comfort, which interests the high-net individuals to opt for these aircraft. Its M350 business jet features cabin class comfort along with additional safety features and the GARMIN G1000 NXI next-generation integrated flight deck. The company’s M600 aircraft also exceeded the industry expectations for performance and operational ease along with sophisticated interiors.

Related Reports:

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 and Region - Global Forecast to 2030

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Report Code
AS 3897
RI Published ON
5/30/2022
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