What is Ultralight and Light Aircraft Market?
Flying ultralight planes, also known as microlight planes, have been compared to riding a motorcycle through the sky. Ultralight planes are small fixed-wing aircraft that can accommodate one to two passengers. These planes are primarily intended for pleasure and short-distance flights. The characteristics of these ultralight and light aircraft, as well as their maximum speed and weight, vary according to regional restrictions. Different countries have varying rules and classifications for slow-flying lightweight aircraft, which are subject to different laws.
Highlights from Ultralight and Light Aircraft Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Aeropro (United States), American Legend Aircraft (United States), Autogyro (Germany), Cirrus Aircraft (United States), Tecnam (Italy), Evektor-Aerotechnik (Czech Republic), Flight Design General Aviation (Germany), P And M Aviation (United States), Pilatus (Switzerland), Piper Aircraft (United States) and Pipistrel (Slovenia) |
The Market For The Ultralight And Light Aircraft Is Fragmented With The Presence Of Many Global Players. Leading Players Can Adopt Strategies Like As A Merger, Acquisition, Expansion, New Product Launches, In Order To Gain Share Within The Market. Owing To Increasing Popularity of Ultralight and Light Aircraft, Especially In the North America and Europe, There Are Emerging Opportunities for the New Players to Enter the Market Research Analyst at AMA predicts that United States and European Manufacturers will contribute to the maximum growth of Global Ultralight and Light Aircraft market throughout the forecasted period.
Aeropro (United States), American Legend Aircraft (United States), Autogyro (Germany), Cirrus Aircraft (United States), Tecnam (Italy), Evektor-Aerotechnik (Czech Republic), Flight Design General Aviation (Germany), P And M Aviation (United States), Pilatus (Switzerland), Piper Aircraft (United States) and Pipistrel (Slovenia) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Quicksilver Manufacturing (United States), Textron Aviation (United States) and Vulcanair (Italy). Ultralight and Light Aircraft Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Civil & Commercial {Personal & Passenger, Commercial Cargo, Training, Agriculture, Survey & Research, Medical, and Others} and Military {Search & Rescue,Cargo,Training and Others} |
Type | Ultralight Aircraft and Light Aircraft |
Flight Operations | Conventional Take-Off and Landing (CTOL),Vertical Take-Off and Landing (VTOL) |
Technology | Manned,Unmanned |
Propulsion | Conventional Fuel,Electric/Hybrid |
Material | Aluminum,Composites,Others |
On the basis of geography, the market of Ultralight and Light Aircraft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Ultralight and Light Aircraft for Recreational Use in Developed Countries
Market Growth Drivers:
Growing Usage of Ultralight Aircraft for Sports by Amateur Pilots Owing To the Technological Advancements in the Aviation Industry and Rise in Military Operations Using Ultralight and Light Aircraft for Low Scale Operations like Search and Rescue Owing To Their Ability to Takeoff and Land in Very Small Airstrip
Challenges:
Presence of Low Number of Certified and Skilled Pilots and Lack of Standardization Procedures in the Pilot Certifications
Restraints:
High Initial Purchasing Cost of Ultralight and Light Aircraft May Limit the Market Expansion
Opportunities:
Technological Advancements, Lower Maintenance and Reduced Operational Costs May Boost the Market for Ultralight and Light Aircraft in Developing Countries
Key Target Audience
Ultralight and Light Aircraft Manufacturers, Investors, Regulatory and Government Bodies and Others
Market Leaders & Development Strategies
In January 2020, Textron Inc. acquired Premiair Aviation Maintenance Pty Ltd, Australian maintenance, repair, and overhaul (MRO) service, provider. This acquisition will strengthen the company’s service offerings in the Asia Pacific region.
In January 2020, Cirrus Aircraft Announced the Launch of the 2020 G6 SR Series, Piston Aircraft, Powered By an A Mobile App Providing Digital Connectivity
The FAA developed Part 103 of the Federal Aviation Regulations, which provided criteria for the operation of ultralight airplanes. These planes are classified as single-seaters with a maximum empty weight capacity of fewer than 254 pounds. LSAs are ultralight planes with two seats (light sport aircraft). These vehicles' maximum air speed cannot exceed 55 knots, while their stall speed cannot exceed 24 knots.