Market Overview:
The global very light aircraft market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for private and commercial transportation, rising popularity of sports aviation, and growing number of airports worldwide. In terms of type, the 1-seat segment is expected to account for a major share in the global very light aircraft market during the forecast period. This can be attributed to the increasing demand for personal transportation. However, 2-seat segment is projected to grow at a higher CAGR owing to its advantages such as low cost and easy maintenance over 1-seater aircrafts.
Product Definition:
A very light aircraft (VLA) is a small, lightweight, single-engined airplane. They are used for personal transportation, recreational flying, and flight training.
1-seat:
The 1-seat, it's usage and growth factor in the very light aircraft market. The global very light aircraft (VLA) market size was valued at USD 536.7 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period owing to its rising demand as an introductory flight training device among new pilots seeking a license or for recreational flying experience.
2-seat:
The 2-seat and it's usage in the very light aircraft market is a combination of two seater airplanes with doors for only one pilot or co-pilot. The seating position in these types of aircraft can be behind the pilot or next to the window. These are usually small single engine airplanes that are used as a basic form of air travel for short distances.
2 seaters have been gaining popularity over recent years, especially across Europe.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The segment is expected to witness significant growth owing to rising demand for VLGA services from business aviation customers. These aircraft are commonly used for point-to-point transportation, utility flights, and air taxi services among others.
The other applications include personal use and sport flying which accounted for a substantial market share in terms of revenue as well as volume in 2017 due to increasing popularity of light jet aircraft among enthusiasts across the globe. These aircraft are widely preferred by pilots who have a passion for flying but cannot afford or do not have the sufficient financial resources required to purchase an expensive conventional fixed-winged aircraft ticket like Gulfstream GIV or Citation XLS+.
Regional Analysis:
Asia Pacific was the largest market for very light aircraft and accounted for a revenue share of over 55% in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to factors such as increasing disposable income, rising population, and growing demand from countries such as India, China, Australia among others.
The growth of this industry is also supported by favorable government regulations that allow reduced taxes on aircraft with lighter than normal weight or power output. For instance; under section 441A (1) (a) of Indian Income Tax Act-1954 any person who imports an aeronautical product which has been prescribed shall pay tax at customs duty plus aviation fuel levy rate x 0.5%.
Growth Factors:
- Increasing demand for air travel due to globalization and rising income levels in emerging countries.
- Proliferation of low-cost carriers and the increasing popularity of very light aircraft as a cost-effective mode of transportation for short-haul flights.
- The development of new technologies that make very light aircraft more fuel efficient and environmentally friendly.
- The growing popularity of recreational flying among hobbyists and adventure seekers.
- The expansion of the Very Light Aircraft market into new geographic regions, especially in developing countries where there is a large potential customer base for affordable air travel
Scope Of The Report
Report Attributes
Report Details
Report Title
Very Light Aircraft Market Research Report
By Type
1-seat, 2-seat, Other
By Application
Commercial, Private, Sport, Other
By Companies
Boeing, Gulfstream, Learjet, Bombardier, Cessna, Pilatus Aircraft, Hawker Aircraft, British Aerospace, Embraer, Airbus, North American Aviation, Dassault Falcon Jet Corp., COMAC
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Very Light Aircraft Market Report Segments:
The global Very Light Aircraft market is segmented on the basis of:
Types
1-seat, 2-seat, Other
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
Commercial, Private, Sport, Other
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:
- Boeing
- Gulfstream
- Learjet
- Bombardier
- Cessna
- Pilatus Aircraft
- Hawker Aircraft
- British Aerospace
- Embraer
- Airbus
- North American Aviation
- Dassault Falcon Jet Corp.
- COMAC
Highlights of The Very Light 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:
- 1-seat
- 2-seat
- Other
- By Application:
- Commercial
- Private
- Sport
- Other
- 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 Very Light 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?
Very light aircraft are typically defined as those that weigh less than the maximum takeoff weight (MTOW) for their engine type.
Some of the major players in the very light aircraft market are Boeing, Gulfstream, Learjet, Bombardier, Cessna, Pilatus Aircraft, Hawker Aircraft, British Aerospace, Embraer, Airbus, North American Aviation, Dassault Falcon Jet Corp., COMAC.
The very light aircraft market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Very Light Aircraft Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Very Light Aircraft Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Very Light Aircraft Market - Supply Chain
4.5. Global Very Light Aircraft Market Forecast
4.5.1. Very Light Aircraft Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Very Light Aircraft Market Size (000 Units) and Y-o-Y Growth
4.5.3. Very Light Aircraft Market Absolute $ Opportunity
5. Global Very Light Aircraft Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Very Light Aircraft Market Size and Volume Forecast by Type
5.3.1. 1-seat
5.3.2. 2-seat
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Very Light Aircraft Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Very Light Aircraft Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Private
6.3.3. Sport
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Very Light Aircraft Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Very Light Aircraft Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Very Light Aircraft Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Very Light Aircraft Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Very Light Aircraft Demand Share Forecast, 2019-2026
9. North America Very Light Aircraft Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Very Light Aircraft Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Very Light Aircraft Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Private
9.4.3. Sport
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Very Light Aircraft Market Size and Volume Forecast by Type
9.7.1. 1-seat
9.7.2. 2-seat
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Very Light Aircraft Demand Share Forecast, 2019-2026
10. Latin America Very Light Aircraft Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Very Light Aircraft Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Very Light Aircraft Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Private
10.4.3. Sport
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Very Light Aircraft Market Size and Volume Forecast by Type
10.7.1. 1-seat
10.7.2. 2-seat
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Very Light Aircraft Demand Share Forecast, 2019-2026
11. Europe Very Light Aircraft Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Very Light Aircraft Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Very Light Aircraft Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Private
11.4.3. Sport
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Very Light Aircraft Market Size and Volume Forecast by Type
11.7.1. 1-seat
11.7.2. 2-seat
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Mrket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Very Light Aircraft Demand Share, 2019-2026
12. Asia Pacific Very Light Aircraft Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Very Light Aircraft Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Very Light Aircraft Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Private
12.4.3. Sport
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Very Light Aircraft Market Size and Volume Forecast by Type
12.7.1. 1-seat
12.7.2. 2-seat
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Very Light Aircraft Demand Share, 2019-2026
13. Middle East & Africa Very Light Aircraft Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Very Light Aircraft Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Very Light Aircraft Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Private
13.4.3. Sport
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Very Light Aircraft Market Size and Volume Forecast by Type
13.7.1. 1-seat
13.7.2. 2-seat
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Very Light Aircraft Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Very Light Aircraft Market: Market Share Analysis
14.2. Very Light Aircraft Distributors and Customers
14.3. Very Light Aircraft Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Boeing
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gulfstream
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Learjet
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bombardier
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cessna
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pilatus Aircraft
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hawker Aircraft
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. British Aerospace
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Embraer
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Airbus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. North American Aviation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dassault Falcon Jet Corp.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMAC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
