Home > Aerospace & Defense > Ultralight and Light Aircraft Market

Ultralight and Light Aircraft Market Size

Report ID: GMI3520
Published Date: Feb 2020
Report Format: PDF

Download Free Sample

Ultralight and Light Aircraft Market Size

Ultralight and Light Aircraft Market size exceeded USD 4.8 billion in 2019 and is estimated to grow at over 8.9% CAGR from 2020 to 2026. Ultralight and light aircrafts are small aircrafts designed for use in recreational sports, pilot trainings, survey & research, agriculture, and business travels.

Ultralight and Light Aircraft Market Overview

To get key market trends

Download Free Sample

These aircrafts are available in several categories ranging from single engine piston aircrafts to advanced multi engine aircrafts. Lower ownership costs along with ease in flight operations are the major factors likely to influence the ultralight and light aircraft market growth over the forecast timeframe. Growing pilot training institutions coupled with the proliferation of certification courses for hobby flying activities are expected to provide lucrative opportunity for the market expansion.

Ultralight and Light Aircraft Market Report Attributes
Report Attribute	Details
Base Year:	2019
Ultralight and Light Aircraft Market Size in 2019:	4.88 Billion (USD
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	8.9%
2026 Value Projection:	9.45 Billion (USD)
Historical Data for:	2016 to 2019
No. of Pages:	219
Tables, Charts & Figures:	285
Segments covered:	Aircraft type, Technology, Application, Propulsion, and Region
Growth Drivers:	Technological advancements and expansion of sales & services network Growing adoption of urban air mobility Growing tourism and sport flights Rising private jet industry Growing number of High Net Worth Individuals (HNWI)
Pitfalls & Challenges:	Growing concern for pilot and passenger safety

Learn more about the key segments shaping this market

Download Free Sample

Advancements in farming techniques and growing usage of ultralight and light aircrafts in agriculture are escalating the product demand. According to the National Agricultural Aviation Association’s (NAAA) 2019 survey, the agricultural aviation business treats around 127 million acres of cropland aerially.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of ultralight and light aircraft was surpassed USD 4.8 billion in 2019.

The industry share of ultralight and light aircraft is anticipated to grow at around 9% CAGR between 2020 and 2026.

North America holds significant market share of over 42% impelled by rising recreational aircraft sport activities and greater flexibility offered by these aircrafts as compared to passenger aeroplanes.

Conventional propulsion system will showcase considerable growth of more than 7% in the market through 2026 owing to price affordability as well as limited alternatives.

Some of the major industry participants include Costruzioni Aeronautiche TECNAM S.p.A., Cirrus Aircraft, Pilatus Aircraft Ltd, Piper Aircraft, Inc., Textron Inc., and Autogyro GmbH.