May 21, 2019   SOURCE: BusinessWire

The Ultralight & Light Aircraft Market is Expected to Grow from $7.1 Billion in 2018 to $13.9 Billion by 2030 - ResearchAndMarkets.com

The "Ultralight and Light Aircraft Market Aircraft Type, End Use, Flight Operation, Technology, Propulsion, Material and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The ultralight and light aircraft market size is expected to grow from USD 7.1 billion in 2018 to USD 13.9 billion by 2030, at a CAGR of 5.80% during the forecast period.

Ultralight aircraft have a Maximum Take-off Weight (MTOW) ranging from 200 kg to 600 kg while light aircraft have an MTOW ranging from 601 kg to 5,700 kg. The MTOW is defined as the maximum weight at which the aircraft can take-off; it is the maximum take-off limit defined by the manufacturer considering the safety of the aircraft. Light sports aircraft, turboprop aircraft, light business jets, helicopters, gyrocopters, and Unmanned Aerial Vehicles (UAVs) are covered under ultralight aircraft and light aircraft.

In the recent years, air travel has become increasingly affordable to people, especially in emerging economies such as China, India, and Brazil, due to the rise in the disposable income of people, and the availability of low-cost air travel. The demand for ultralight and light aircraft has increased with the rise in air travel. The ultralight and light aircraft market is projected to grow at a CAGR of 5.80% between 2018 and 2030.

The ultralight and light aircraft market is growing at a significant rate that is expected to continue during the forecast period. Some of the major factors driving the market include a low cost of acquisition, maintenance, and operation, and increasing use of UAVs in military operations. However, fluctuations in the pattern of aircraft deliveries hindering the growth of the ultralight and light aircraft market.

Aeropro (Slovakia), American Legend Aircraft (US), Autogyro (Germany), Cirrus Aircraft (US) Costruzioni Aeronautiche TECNAM (Italy), Evektor-Aerotechnik (Czech Republic), Flight Design General Aviation (German), P&M Aviation (UK), Pilatus (Switzerland), Piper Aircraft (US), Pipistrel (Slovenia), Quicksilver Aircraft (US), Textron (US), and Vulcan Air (Italy) are some of the leading players profiled in the ultralight and light aircraft market report. This report also provides financial analysis, products, services, and key developments undertaken by these players.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Ultralight and Light Aircraft Market

4.2 Ultralight and Light Aircraft Market, By Propulsion

4.4 Ultralight and Light Aircraft Market for Military, By Application

4.5 Ultralight and Light Aircraft Market for Civil & Commercial, By Application

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Low Cost of Acquisition, Maintenance, and Operation

5.2.1.2 Increasing Use of UAVs in Military Operations

5.2.2 Restraints

5.2.2.1 Fluctuations in the Pattern of Aircraft Deliveries

5.2.3 Opportunities

5.2.3.1 Advantages of Hybrid-Electric Propulsion Over Traditional Propulsion

5.2.3.2 Technological Developments for Urban Air Mobility

5.2.3.3 Technological Developments in the Field of Drone Payloads and Passenger Drones

5.2.4 Challenges

5.2.4.1 Acceptance of UAVs in Urban Areas

5.2.4.2 Pilot and Passenger Safety Concerns

6 Industry Trends

6.1 Introduction

6.2 Ecosystem

6.3 Key Influencers

6.4 Current Trends

6.5 Futuristic Trends

6.5.1 Autonomous Aircraft

6.5.2 Electric Propulsion

6.5.2.1 Hybrid Electric Propulsion System Design

6.5.2.2 All Electric Propulsion System Design

6.5.3 Passenger Drones

6.5.4 Combat Drones

7 Ultralight and Light Aircraft, By Aircraft Type

7.1 Introduction

7.2 Ultralight Aircraft

7.2.1 Lenient Pilot License Requirement

7.3 Light Aircraft

7.3.1 Majorly Used for Intercity Travel

8 Ultralight and Light Aircraft, By End Use

8.1 Introduction

8.2 Civil & Commercial

8.2.1 Personal & Passenger

8.2.1.1 Time Saving Personal and Passenger Transport

8.2.2 Commercial Cargo

8.2.2.1 Cargo Logistics Transfer to Remote and Less Accessible Areas

8.2.3 Training

8.2.3.1 Foundation of Pilot Training

8.2.4 Agriculture

8.2.4.1 Modernization in Farming Techniques

8.2.5 Survey & Research

8.2.5.1 Need for Geographic, Scientific and Environmental Data Collection

8.2.6 Medical

8.2.6.1 Emergency Ambulance Service

8.2.7 Others

8.3 Military

8.3.1 Intelligence, Surveillance and Reconnaissance (ISR)

8.3.1.1 Gathering Battle Intelligence Through Surveillance

8.3.2 Search & Rescue

8.3.2.1 Provide Relief in Distressing Situations

8.3.3 Military Cargo

8.3.3.1 Transferring Cargo to Sensitive Military Locations

8.3.4 Training

8.3.4.1 Military Pilot Training

8.3.5 Others

9 Ultralight and Light Aircraft Market, By Technology

9.1 Introduction

9.2 Manned

9.2.1 Pilot Controlled Aircraft; All Present Passenger Aircraft

9.3 Unmanned

9.3.1 Artificially Intelligent Aircraft

10 Ultralight and Light Aircraft Market, By Propulsion

10.1 Introduction

10.2 Electric/Hybrid

10.2.1 Reducing Carbon Footprints

10.3 Conventional Fuel

10.3.1 Gas Turbine and Piston Engines

11 Ultralight and Light Aircraft Market, By Flight Operation

11.1 Introduction

11.2 Ctol (Conventional Take-Off and Landing)

11.2.1 Long Runway for Take-Off

11.3 Vtol (Vertical Take-Off and Landing)

11.3.1 Flexibility and Ease of Take-Off

12 Ultralight and Light Aircraft Market, By Material

12.1 Introduction

12.2 Aluminum

12.2.1 Light Weight and High Strength

12.3 Composites

12.3.1 Future of Aircraft Material, Lighter Than Aluminium

12.4 Others

13 Regional Analysis

13.1 Introduction

13.2 North America

13.3 Europe

13.4 Asia Pacific

13.5 Rest of the World

14 Competitive Landscape

14.1 Overview

14.2 Company Ranking Analysis: 2017

14.3 Competitive Scenario

14.3.1 New Product Launches

14.3.2 Contracts, Partnerships, and Agreements

14.3.3 Expansions & Collaborations

14.4 Start-Ups Competitive Leadership Mapping

14.4.1 Progressive Companies

14.4.2 Responsive Companies

14.4.3 Dynamic Companies

14.4.4 Starting Blocks

15 Company Profiles

15.1 Introduction

15.2 Pipistrel D.O.O Ajdovina

15.3 Evektor-Aerotechnik

15.4 American Legend Aircraft Co.

15.5 P&M Aviation

15.6 Quicksilver Aircraft

15.7 Costruzioni Aeronautiche Tecnam S.R.L.

15.8 Flight Design General Aviation GmbH

15.9 Textron Inc.

15.10 Aeropro

15.11 Autogyro GmbH

15.12 Pilatus Aircraft

15.13 Piper Aircraft

15.14 Vulcan Air

15.15 Cirrus Aircraft

15.16 Start-Up Company Profiles

15.16.1 Volocopter GmbH

15.16.2 Lilium GmbH

15.16.3 Neva Aerospace

15.16.4 Opener

15.16.5 Kitty Hawk

15.16.6 Joby Aviation

15.16.7 Aston Martin

15.16.8 Wing

15.16.9 Karem Aircraft Inc.

15.16.10 Lift

15.16.11 XTI Aircraft Company

For more information about this report visit https://www.researchandmarkets.com/r/1ik1mh