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Global Ultralight and Light Aircraft Market: By Aircraft Type: Light Aircraft, Ultralight Aircraft; By End Use: Civil and Commercial, Military; By Flight Operation; By Propulsion; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Ultralight and Light Aircraft Market Outlook
The global ultralight and light aircraft market stood at a value of around USD 7.63 billion in 2021. The market is further expected to grow at a CAGR of 4.50% in the forecast period of 2022-2027 to attain USD 9.93 billion by 2027.
Increasing Demand for Light Aircraft to Aid the Global Ultralight and Light Aircraft Industry
The light aircraft segment based on aircraft type accounts for a significant share in the market, owing to the rising application of the product in the military and defence sector. Light aircraft offers tiny visual and radar signatures, which bolster the element of surprise by enabling air-to-air kills. In addition to this, light aircraft are reliable. Meanwhile, the rising demand for light aircraft in commercial applications is likely to provide impetus to the market. Hence, the light aircraft segment is anticipated to witness a healthy growth in the forecast period.
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North America Accounts for a Significant Share in the Ultralight and Light Aircraft Industry
The ultralight and light aircraft industry in North America is driven by factors such as the rising investments towards modernising existing aircraft and a significant increase in pilot training activities. In addition to this, the growing popularity of indigenously built ultralight aircraft such as Thunder Gull 2000 and others is likely to provide impetus to the market in the region. Furthermore, the market is anticipated to be aided by the presence of the leading aircraft manufacturing companies in the United States.
Ultralight and Light Aircraft: Market Segmentation
Ultralight and light aircraft is defined as a minimal aircraft which requires minimum power. It possesses slow cruise with slow landing speeds. Meanwhile, light aircraft is defined as a small aircraft which is designed to carry a relatively smaller number of passengers and quantity of goods.
Based on aircraft type, the market can be segmented into:
- Light Aircraft
- Ultralight Aircraft
The major end uses of the product include:
- Civil and Commercial
- Commercial Cargo
- Passenger
- Agriculture
- Survey and Research
- Private
- Training
- Medical
- Others
- Military
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Search and Rescue
- Military Cargo
- Training
- Others
On the basis of flight operation, the market is segmented into:
- Vertical Take-Off and Landing (VTOL)
- Conventional Take-Off and Landing (CTOL)
By propulsion, the market can be divided into:
- Electric/Hybrid
- Solar Powered
- Battery Powered
- Fuel Cell Powered
- Fully Electric
- Conventional Fuel
- Turboprop
- Piston Engine
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Application of Ultralight and Light Aircraft in the Civil and Commercial Sector to Boost the Growth of the Ultralight and Light Aircraft Industry
The global ultralight and light aircraft industry is driven by the rising application of these aircraft in the civil and commercial sector, for instance, in the agricultural sector for activities such as ultra-low volume (ULV) spraying and pest control. Light and ultralight aircraft are suitable for small and irregular areas. Apart from this, the rising utilisation of these aircraft in military and defence operations, including search and rescue, surveillance, and training, among others, is expected to further aid the market. The increasing military expenditure in developed and developing economies to bolster defence capabilities is likely to favour the market growth in the forecast period.
Key Industry Players in the Global Ultralight and Light Aircraft Market
The report gives a detailed analysis of the following key players in the global ultralight and light aircraft market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- American Legend Aircraft Co.
- Aeropro s.r.o.
- AutoGyro GmbH
- Textron Aviation Inc.
- PIPISTREL d.o.o.
- Evektor, spol. s r. o.
- Pilatus Aircraft Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Aircraft Type, End Use, Flight Operation, Propulsion, Region |
| Breakup by Aircraft Type | Light Aircraft, Ultralight Aircraft |
| Breakup by End Use | Civil and Commercial, Military |
| Breakup by Flight Operation | Vertical Take-Off and Landing (VTOL), Conventional Take-Off and Landing (CTOL) |
| Breakup by Propulsion | Electric/Hybrid, Conventional Fuel |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | American Legend Aircraft Co., Aeropro s.r.o., AutoGyro GmbH, Textron Aviation Inc., PIPISTREL d.o.o., Evektor, spol. s r. o., Pilatus Aircraft Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Ultralight and Light Aircraft Market Analysis
8.1 Key Industry Highlights
8.2 Global Ultralight and Light Aircraft Historical Market (2017-2021)
8.3 Global Ultralight and Light Aircraft Market Forecast (2022-2027)
8.4 Global Ultralight and Light Aircraft Market by Aircraft Type
8.4.1 Light Aircraft
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Ultralight Aircraft
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Ultralight and Light Aircraft Market by End Use
8.5.1 Civil and Commercial
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Military
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Ultralight and Light Aircraft Market by Flight Operation
8.6.1 Vertical Take-Off and Landing (VTOL)
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Conventional Take-Off and Landing (CTOL)
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Ultralight and Light Aircraft Market by Propulsion
8.7.1 Electric/Hybrid
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Conventional Fuel
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.8 Global Ultralight and Light Aircraft Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 American Legend Aircraft Co.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Aeropro s.r.o.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 AutoGyro GmbH
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Textron Aviation Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 PIPISTREL d.o.o.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Evektor, spol. s r. o.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Pilatus Aircraft Ltd.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Ultralight and Light Aircraft Market: Key Industry Highlights, 2017 and 2027
2. Global Ultralight and Light Aircraft Historical Market: Breakup by Aircraft Type (USD Million), 2017-2021
3. Global Ultralight and Light Aircraft Market Forecast: Breakup by Aircraft Type (USD Million), 2022-2027
4. Global Ultralight and Light Aircraft Historical Market: Breakup by End Use (USD Million), 2017-2021
5. Global Ultralight and Light Aircraft Market Forecast: Breakup by End Use (USD Million), 2022-2027
6. Global Ultralight and Light Aircraft Historical Market: Breakup by Flight Operation (USD Million), 2017-2021
7. Global Ultralight and Light Aircraft Market Forecast: Breakup by Flight Operation (USD Million), 2022-2027
8. Global Ultralight and Light Aircraft Historical Market: Breakup by Propulsion (USD Million), 2017-2021
9. Global Ultralight and Light Aircraft Market Forecast: Breakup by Propulsion (USD Million), 2022-2027
10. Global Ultralight and Light Aircraft Historical Market: Breakup by Region (USD Million), 2017-2021
11. Global Ultralight and Light Aircraft Market Forecast: Breakup by Region (USD Million), 2022-2027
12. North America Ultralight and Light Aircraft Historical Market: Breakup by Country (USD Million), 2017-2021
13. North America Ultralight and Light Aircraft Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Europe Ultralight and Light Aircraft Historical Market: Breakup by Country (USD Million), 2017-2021
15. Europe Ultralight and Light Aircraft Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Asia Pacific Ultralight and Light Aircraft Historical Market: Breakup by Country (USD Million), 2017-2021
17. Asia Pacific Ultralight and Light Aircraft Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Latin America Ultralight and Light Aircraft Historical Market: Breakup by Country (USD Million), 2017-2021
19. Latin America Ultralight and Light Aircraft Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Middle East and Africa Ultralight and Light Aircraft Historical Market: Breakup by Country (USD Million), 2017-2021
21. Middle East and Africa Ultralight and Light Aircraft Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Global Ultralight and Light Aircraft Market Structure
Key Questions Answered in the Report
In 2021, the global ultralight and light aircraft market attained a value of nearly USD 7.63 billion.
The market is estimated to grow at a CAGR of 4.50% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 9.93 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising application of light and ultralight aircraft in the civil and commercial sector, growing investments in the military and defence applications, and the benefits offered by these aircraft, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing technological advancements in the field of aviation.
Light aircraft and ultralight aircraft are the major aircraft types included in the market report.
Civil and commercial and military are the different end uses of the product.
Vertical take-off and landing (VTOL) and conventional take-off and landing (CTOL) are the different segments based on flight operation.
Electric/hybrid and conventional fuel are the different segments based on propulsion.
The major players in the industry are American Legend Aircraft Co., Aeropro s.r.o., AutoGyro GmbH, Textron Aviation Inc., PIPISTREL d.o.o., Evektor, spol. s r. o., and Pilatus Aircraft Ltd., among others.
Analyst Review
The global ultralight and light aircraft market attained a value of USD 7.63 billion in 2021, driven by the rising application of ultralight and light aircraft in the military and defence sector. Aided by the rising investments in the research and development activities, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.50%. The market is projected to reach USD 9.93 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on aircraft type, the market is divided into light aircraft and ultralight aircraft. On the basis of end use, the market is divided into civil and commercial and military. Based on flight operation, the market is segmented into vertical take-off and landing (VTOL) and conventional take-off and landing (CTOL). By propulsion, the market is divided into electric /hybrid and conventional fuel. The major regional markets for ultralight and light aircraft are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include American Legend Aircraft Co., Aeropro s.r.o., AutoGyro GmbH, Textron Aviation Inc., PIPISTREL d.o.o., Evektor, spol. s r. o., and Pilatus Aircraft Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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