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Ultralight and Light Aircraft Market 2020 by Growth, Emerging Trends and Regional Forecast To 2026

Growing demand for sport aircrafts along with advancements in technology pertaining to avionics are major factors driving the growth of ultralight and light aircraft market.

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Ultralight and Light Aircraft Market 2020 by Growth, Emerging Trends and Regional Forecast To 2026

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  1. Ultralight and Light Aircraft Market 2020 by Growth Potential & Forecast To 2026

  2. KeyInsights Ultralight and Light Aircraft Market : • Based on aircraft type, ultralight and light aircraft market segment is expected to hold 95% revenue share by 2026. Light aircrafts offer improved comfort to passengers, this factor together with development of advanced avionics is fueling the segmental growth. • Estimates claim that VTOL (vertical take-off & landing) technology segment is presumed to expand with a CAGR of 8.4% through 2020 and 2026. The growth is attributed to induction of helicopters in ultralight category and rapid expansion of distribution network. In July 2017 for instance, Dynali began exporting H3 sport helicopters to their official distributor Hanger 36 in the United States. Furthermore, advancements in technology pertaining to electric VTOL are also favoring the ultralight and light aircraft market outlook. • Based on the application spectrum, the civil & commercial applications segment is expected to hold 80% revenue share by the end of the study period. Small business jets offer low ownership cost, reliability and easy maintenance, and increasing demand for small sized business jets is contributing towards the market growth. In addition, increasing air charter services for inter and intracity travel in countries such as China and Japan are aiding the business scenario.

  3. Continued… • As per estimates, electric & hybrid propulsion aircrafts market segment is expected to grow with a CAGR of 3.4% through 2026. The growth is attributed to surging investments towards development of electric aircrafts and rising testing activities of new aircrafts for training purposes. For instance, Pipistrel d.o.o. successfully completed the first flight of Alpha Electro aircraft in June 2018. • Growing demand for sport aircrafts along with advancements in technology pertaining to avionics are major factors driving the growth of ultralight and light aircraft market. There has been an upsurge in demand for lightweight aircrafts for pilot training activities. This factor coupled with increasing recreational flying activities are further facilitating the market expansion. As per credible estimates, the ultra and light aircraft industry is expected to cross a valuation of USD 9.4 billion by 2026.

  4. Request for a Sample Copy of This Research Report @ https://www.gminsights.com/request-sample/detail/3520 Request for customization this report @ https://www.gminsights.com/roc/3520

  5. Major Companies In Ultralight and Light Aircraft Market : • The prominent companies operating in the ultralight and light aircraft market are Evektor, spol. s r.o., Textron Inc., Pipistrel d.o.o. Piper Aircraft Inc., Pilatus Aircraft Ltd., CostruzioniAeronautiche TECNAM S.p.A. and Cirrus Aircraft among others.

  6. Regional Ultralight and Light Aircraft Market : • Considering the geographical landscape, Europe ultralight and light aircraft market is expected to record a growth rate of 7.3% during the forecast period. Increasing testing and development of various UAM (urban air mobility) solutions and surging recreational air sport activities are augmenting the regional demand.

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