Global Light Aircraft Market 2018-2022| Advent of Electrical VTOL to Encourage Growth| Technavio

The global light aircraft market is expected to post a CAGR of close to 5% during the period 2018-2022, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180726005984/en/

A key factor driving the growth of the market is the increasing adoption of private air travel. In the global market, the lightweight aircraft has been predominantly used in the fields of personal recreation and instructional use in pilot-training academics. Chartered flights are more preferred by high net worth individuals, as these aircraft offer the flexibility of schedule and also helps passengers avoid the long procedures involved in commercial flights. Light aircraft are increasingly being used to provide services like private tours to selected destinations and are more preferred than helicopters owing to their relative cost-effectiveness while providing a similar or even better level of comfort, safety, and privacy.

This market research report on the global light aircraft market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the advent of electrical VTOL as one of the key emerging trends in the global light aircraft market:

Global light aircraft market: Advent of electrical VTOL

The aviation industry continues to be one of the most carbon-intensive industries and currently lags in the race of electrification, with projections indicating it to consume one-fourth of the world’s carbon budget by 2050. Adoption of the electric propulsion system in aircraft not only reduces carbon footprint but also delivers improved efficiency, safety, and scalability. The design of the aircraft can synergize with its aerodynamic properties to incorporate vertical takeoff and landing feature by ingesting the boundary layer and reducing drag produced at the aircraft’s wake.

“Despite the steady growth of electric-powered light aircraft, the feasibility of using a renewable power-driven light aircraft is still questionable. Lithium batteries used to power the aircraft are prone to catching fire when the aircraft is exposed to harsh environmental conditions,” says a senior analyst at Technavio for research on aviation.

Global light aircraft market: Segmentation analysis

This market research report segments the global light aircraft market by technology (conventional fuel-powered light aircraft and renewable power-driven light aircraft) and geographical regions (APAC, EMEA, and the Americas).

The conventional fuel-powered light aircraft segment held the largest market share in 2017, accounting for nearly 96% of the market. This technology segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of nearly 48% of the market share. The market share occupied by this region is anticipated to decrease during 2018-2022.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market sizing
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180726005984/en/