Market Overview:
The global ultralight aircraft market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for ultralight aircraft for recreational purposes, commercial applications, and defense purposes. Additionally, the increasing number of air shows and fly-ins are also contributing to the growth of this market. Based on type, the global ultralight aircraft market can be segmented into fixed wing, flex wing, and rotary wing segments. The fixed wing segment is expected to account for a major share of the global ultralight aircraft market in 2018 owing to its high efficiency and low operating costs as compared to other types of ultralight aircrafts. Based on application, the global Ultralight Aircraft Market can be divided into recreation, commercial aviation (including tourism), defense aviation (including homeland security), and other applications (such as agriculture).
Product Definition:
Ultralight aircraft are small, lightweight, and relatively inexpensive aircraft. They are used for recreational flying and training. Ultralight aircraft can be made from a variety of materials, including metal, plastic, and cloth.
Fixed Wing:
Fixed-wing aircraft are those that rely on the wing for both lift and propulsion. The majority of commercial aviation is carried out using fixed-wing aircraft as they are more efficient at carrying heavy loads over long distances. However, there has been a shift in trend towards the use of lighter, fuel-efficient and smaller aircraft with better agility to meet consumer demand in an economical manner.
Flex Wing:
The flex wing is a flexible wing design that allows the aircraft to fly with lesser induced drag. The wings are made of lightweight materials and have low aspect ratio which helps in generating higher lift force. Flexible wings also help in saving fuel as compared to rigid ones, since they can be bent into various shapes, they require less material for construction and hence reduce overall weight of the aircraft.
Application Insights:
The recreation segment held the largest share of over 70.0% in 2017. This is attributed to the rising popularity of recreational flying as a hobby among enthusiasts and amateurs across the globe. The commercial segment is expected to witness significant growth over the forecast period owing to increasing air taxi services, especially in developing countries like India, China and Australia. Furthermore ultralight aircraft are used for crop dusting, forest firefighting, smuggling patrol and other such tasks by law enforcement agencies across the world which will propel demand over next seven years.
Regional Analysis:
North America dominated the global ultralight aircraft market in 2016 with a revenue share of over 55%. The region is expected to witness substantial growth over the forecast period owing to increasing recreational use and awareness about these aircraft. Furthermore, an increase in air sports activities is projected to drive demand for these aircraft in North America.
Asia Pacific is anticipated to be one of the fastest-growing regions due Ultralights Association (UIA) which has been promoting aviation safety worldwide through its 65 years old history since 1947. UIA was formed by countries such as Japan, China, Australia and India who were concerned about aviation safety standards worldwide including international civil aviation standards and those pertaining national airspace systems within their respective countries. As a result of this collaboration between UIA member states; Asia Pacific Ultralights Association (APUA) was born as an association for promoting general Aviation throughout Asia Pacific region thus driving demand for ultra-light Aircraft globally.
Growth Factors:
- Increasing demand for ultralight aircraft for recreational purposes
- Growing popularity of air sports and adventure tourism
- Technological advancements in ultralight aircraft design and manufacturing
- Rising disposable income of consumers in developing countries
- Government initiatives to promote the use of ultralight aircraft for civilian applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultralight Aircraft Market Research Report
By Type
Fixed Wing, Flex Wing, Rotary Wing
By Application
Recreation, Commercial, Defense
By Companies
Tecnam, CubCrafters, Flight Design, Pipistrel, Evektor, Legend, Aeropro, Jabiru Aircraft, Quicksilver Aircraft, P&M Aviation, Tecnam
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Ultralight Aircraft Market Report Segments:
The global Ultralight Aircraft market is segmented on the basis of:
Types
Fixed Wing, Flex Wing, Rotary Wing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Recreation, Commercial, Defense
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tecnam
- CubCrafters
- Flight Design
- Pipistrel
- Evektor
- Legend
- Aeropro
- Jabiru Aircraft
- Quicksilver Aircraft
- P&M Aviation
- Tecnam
Highlights of The Ultralight Aircraft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fixed Wing
- Flex Wing
- Rotary Wing
- By Application:
- Recreation
- Commercial
- Defense
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ultralight Aircraft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ultralight aircraft are aircraft that weigh less than the maximum certified takeoff weight of the aircraft.
Some of the key players operating in the ultralight aircraft market are Tecnam, CubCrafters, Flight Design, Pipistrel, Evektor, Legend, Aeropro, Jabiru Aircraft, Quicksilver Aircraft, P&M Aviation, Tecnam.
The ultralight aircraft market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ultralight Aircraft Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Ultralight Aircraft Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ultralight Aircraft Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Ultralight Aircraft Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Ultralight Aircraft Market Size & Forecast, 2020-2028 4.5.1 Ultralight Aircraft Market Size and Y-o-Y Growth 4.5.2 Ultralight Aircraft Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fixed Wing
5.2.2 Flex Wing
5.2.3 Rotary Wing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Recreation
6.2.2 Commercial
6.2.3 Defense
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ultralight Aircraft Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ultralight Aircraft Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fixed Wing
9.6.2 Flex Wing
9.6.3 Rotary Wing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Recreation
9.10.2 Commercial
9.10.3 Defense
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fixed Wing
10.6.2 Flex Wing
10.6.3 Rotary Wing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Recreation
10.10.2 Commercial
10.10.3 Defense
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fixed Wing
11.6.2 Flex Wing
11.6.3 Rotary Wing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Recreation
11.10.2 Commercial
11.10.3 Defense
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fixed Wing
12.6.2 Flex Wing
12.6.3 Rotary Wing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Recreation
12.10.2 Commercial
12.10.3 Defense
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fixed Wing
13.6.2 Flex Wing
13.6.3 Rotary Wing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Recreation
13.10.2 Commercial
13.10.3 Defense
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ultralight Aircraft Market: Competitive Dashboard
14.2 Global Ultralight Aircraft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tecnam
14.3.2 CubCrafters
14.3.3 Flight Design
14.3.4 Pipistrel
14.3.5 Evektor
14.3.6 Legend
14.3.7 Aeropro
14.3.8 Jabiru Aircraft
14.3.9 Quicksilver Aircraft
14.3.10 P&M Aviation
14.3.11 Tecnam