Ultralight and Light Aircraft Market - Global Forecast to 2030: Low Cost of Acquisition, Maintenance, and Operation Driving Growth

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Feb 19, 2019, 11:45 ET

DUBLIN, Feb. 19, 2019 /PRNewswire/ --

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.

Increasing deliveries of Unmanned Aerial Vehicles (UAVs) around the globe and rise in fund raising by technology developers in urban air mobility are the major factors driving the global ultralight and light aircraft market

The market for ultralight and light aircraft is driven by various factors, such as the increasing demand for recreational flights and deliveries of Unmanned Aerial Vehicles (UAVs). The global deliveries of ultralight and light aircraft are increasing, supported by the demand for air taxi and urban air mobility. However, risks associated with passenger safety and restrictions on flying drones commercially are limiting the overall growth of the market.

The light aircraft type segment is estimated to account for the largest share of the ultralight and light aircraft market in 2018

Based on aircraft type, the light aircraft segment is estimated to account for the largest share of the ultralight and light aircraft market in 2018. These aircraft are used for various air taxi services and charter flights, which are projected to drive the growth of light aircraft deliveries worldwide. However, a rise in the demand for ultralight aircraft in urban air transport is driving the growth of ultralight aircraft type market.

The civil & commercial end use segment is estimated to account for the largest share of the ultralight and light aircraft market in 2018

Based on end use, the civil & commercial end use segment is estimated to account for the largest share of the ultralight and light aircraft market in 2018. In recent years, the demand for recreational flights, medical applications, and business transport are witnessing growth in developed as well as emerging countries. This is leading to an increasing number of aircraft deliveries for civil & commercial applications in the ultralight and light aircraft market.

North America is estimated to account for the largest share of the ultralight and light aircraft market in 2018

In recent years, the focus of the US government on enhancing infrastructural facilities and rise in funds raised by technology companies for urban mobility projects, such as passenger drones and E-VTOL are leading to the increasing demand for ultralight and light aircraft in the region.

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

14 Competitive Landscape
14.1 Overview
14.2 Company Ranking Analysis: 2017
14.3 Competitive Scenario
14.4 Start-Ups Competitive Leadership Mapping

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/research/zxqn3f/ultralight_and?w=5

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