Ultralight and Light Aircraft Market worth $18.4 billion by 2028 - Exclusive Report by MarketsandMarketstm

CHICAGO, June 5, 2023 /PRNewswire/ -- The ultralight and light aircraft market size is projected to grow from an estimated USD 9.3 billion in 2023 to USD 18.4 billion by 2028, at a CAGR of 14.4% during the forecast period according to a new report by MarketsandMarketstm. This growth can be attributed to the increasing aircraft demand and advancements in traditional aircrafts.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181448279

Browse in-depth TOC on "Ultralight and Light Aircraft Market" 
354 ? Tables
46 ? Figures
285 ? Pages

Ultralight and Light Aircraft Market Report Scope:

The manned technology segment is projected to grow at the highest CAGR during the forecast period.

Based on technology, the ultralight and light aircraft market has been segmented into the manned and unmanned segments. A manned aircraft requires a human pilot in the cockpit, whereas an unmanned aircraft does not require a pilot to control flight operations. The manned segment is accounted for largest share of the ultralight and light aircraft market in 2023.

The light aircraft aftermarket segment accounts for the largest market size during the forecast period.

Based on aftermarket, the ultralight and light aircraft industry is segmented into ultralight aircraft and light aircraft. Minimum and maximum take-off weights were taken into consideration to define these segments. Ultralight aircraft include aircraft with a maximum take-off weight of less than 600 kg, while light aircraft have a maximum take-off weight ranging from 600 kg to 5,700 kg. The increasing demand for aftermarket services, upgrades, and replacement of parts for aging aircraft fleets is a major factor driving the global ultralight and light aircraft aftermarket. The light aircraft segment is estimated to account for largest share of the ultralight and light aircraft market in 2023.

The civil and commercial end use segment accounts for the largest market size during the forecast period.

Based on end use, the ultralight and light aircraft market is segmented into the civil and commercial and military segments. The civil and commercial segment accounted for a largest share, of the ultralight and light aircraft market in 2023.

The commercial & civil segment includes ultralight and light aircraft used in personal, passenger, commercial cargo, training, survey & research, agriculture, and medical applications across various end-use industries. The military segment covers ultralight and light aircraft used for pilot training, search & rescue, and transportation of military cargo, among others.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=181448279

North America is projected to grow at the highest CAGR during the forecast period.

North America is expected to be the lead the ultralight and light aircraft market during the forecast period. The North America has led the domestic as well as international passenger traffic in the recent years. US and Canada are also one of the leading countries the use aircraft for multiple recreational use. This drives North America to be a prominent ultralight and light aircraft market. Increasing military upgrades, such as the purchase of unmanned aerial vehicles, and innovative technologies such as hybrid aircraft, which can take off with conventional and vertical flight operations, are expected to drive the ultralight and light aircraft market in North America during the forecast period.

Major players operating in the ultralight and light aircraft companies are Bell Helicopters (US), Pilatus Aircraft(Switzerland), Air Tractor (US), Flight Design General Aviation (Germany), Pipistrel doo (Slovenia),Textron Inc. (US) , Aeropro(Slovakia), Autogyro (Germany).These key players offer ultralight and light aircrafts across regions, and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Latin American, Middle East and African regions.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=181448279

Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports:

Business Jets Market by Aircraft Type (Light, Mid-Sized, Large, Airliner), Systems (OEM Systems, Aftermarket Systems), End-Use (Private User, Operator), Point of Sale (OEM, Aftermarket), Services, Range and Region - Global Forecast to 2030

Helicopters Market by Point of Sale, OEM-by Component and System, Type, Application (Military, Civil and Commercial), Number of Engines (Twin Engines, Single Engines) and Region; Aftermarket - by Component and System and Region - Global Forecast to 2027

Electric Aircraft Market by platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application and Region - Forecast to 2030

Urban Air Mobility Market by Component (Infrastructure Solutions, Platform), Platform Operation (Piloted, Autonomous), Range (Intercity, Intracity), Platform Architecture, Systems, End User and Region - Global Forecast to 2030

UAV Market by Point of Sale, Systems, Platform (Civil & Commercial, and Defense & Government), Function, End Use, Application, Type (Fixed Wing, Rotary Wing, Hybrid), Mode of Operation, Mtow, Range & Region - Global Forecast to 2027

About MarketsandMarketstm

MarketsandMarketstm is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStoretm (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarketstm.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarketstm INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ultralight-aircraft-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/ultralight-aircraft.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets