Global Aircraft and Light Aircraft Market

Dublin, June 23, 2022 (GLOBE NEWSWIRE) -- The "Ultralight and Light Aircraft Market by Aircraft Type (Ultralight & Light Aircraft), End Use (Civil & Commercial and Military), Flight Operation (CTOL & VTOL), Technology, Propulsion, Material, System and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. The ultralight and light aircraft market is projected to grow from USD 7.5 billion in 2022 to USD 11.9 billion by 2030, at a CAGR of 5.9% from 2022 to 2030.

The market is driven by the commercialization of passenger drones. However, the market's growth is limited by the regulations on the use of unmanned aircraft to foresee the market growth. The COVID-19 outbreak has had an impact on the ultralight and light aircraft supply chain. The spread of COVID-19 in the United States and Europe is expected to be slowed by lockdowns at ultralight and light aircraft vehicle research and development centers. As a result of the Asia Pacific lockdown, many businesses in the ultralight and light aircraft industry have lost revenue. Many startups have failed to continue operating in the area due to delays in development and a lack of funds. The commercialization of ultralight and light aircraft appears to have been delayed by a year when compared with pre conditions. The aluminum segment is expected to hold a major share of the market during the forecast period on the basis of material

The ultralight and light aircraft market has been segmented on the basis of material into aluminum, composites, and others (steel and titanium alloys). These materials are used in the construction of airframes and other aircraft components. The aluminum segment accounted for a major share of 50% of the market in 2022, while the composites segment accounted for a market share of 43% of the market in the same year. The composites segment is projected to grow at a CAGR of 7.36% during the forecast period. The conventional fuel segment is anticipated to lead the ultralight and light aircraft market in the near future

Based on propulsion, the ultralight and light aircraft market has been segmented into electric/hybrid and conventional fuel. The conventional fuel segment is projected to grow at a CAGR of 7.2% during the forecast period. The electric/hybrid segment refers to ultralight and light aircraft that are powered by full or partial electric engines. The conventional fuel segment includes widely used fuel-powered engines for propelling an aircraft. Unmanned segment is anticipated to grow at the highest CAGR in the ultralight and light aircraft market during the forecast period

The ultralight and light aircraft market has been segmented on the basis of technology into the manned and unmanned segments. The unmanned segment is projected to grow at a CAGR of 8.6% during the forecast period. Asia Pacific is anticipated to grow at the highest CAGR in the ultralight and light aircraft market during the forecast period

Asia Pacific is estimated to grow at 6.6%. The market in Asia Pacific is projected to grow from USD 1,570 million in 2022 to USD 2,627 million by 2030, at a CAGR of 6.6% from 2022 to 2030. Key Topics Covered: 1 Introduction 2 Research Methodology

4 Premium Insights 4.1 Attractive Opportunities in Ultralight and Light Aircraft Market 4.2 Ultralight and Light Aircraft Market, by Aircraft Type 4.3 Ultralight and Light Aircraft Market, by Flight Operation 4.4 Ultralight and Light Aircraft Market for Military, by Application Subsegment 4.5 Ultralight and Light Aircraft Market for Civil & Commercial, by End Use Subsegment

5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Low-Cost Operation and Maintenance of Ultralight Aircraft 5.2.1.2 Growing Usage of Uavs in Various Military Operations 5.2.2 Restraints 5.2.2.1 Delay in Aircraft Deliveries 5.2.3 Opportunities 5.2.3.1 Advancements in Traditional Aircraft Propulsion 5.2.3.2 Advancements in Passenger Drones and Uav Payload 5.2.4 Challenges 5.2.4.1 Growing Usage of Uavs in Commercial Applications 5.2.4.2 Safety Considerations for Operation of Ultralight and Light Aircraft 5.2.4.3 Economic Challenges Faced by Oems due to COVID-19 Outbreak 5.3 Value Chain Analysis of Ultralight and Light Aircraft Market 5.4 Trends/Disruption Impacting Customer Business 5.4.1 Revenue Shift and New Revenue Pockets of Manufacturers of Ultralight and Light Aircraft 5.5 Ultralight and Light Aircraft Market Ecosystem 5.5.1 Prominent Companies 5.5.2 Private and Small Enterprises 5.5.3 Market Ecosystem 5.6 Technology Trends in Hybrid and Electric Propulsion 5.6.1 Fuel Cells 5.6.2 Lithium-Sulfur (Li-S) 5.6.3 Distributed Electric Propulsion (Dep) 5.6.4 Multifunctional Structures for High-Energy Lightweight Loadbearing Storage (M-Shells) 5.6.5 Integrated Computational-Experimental Development of Li-Air Batteries for Electric Aircraft (Li-On) 5.7 Pricing Analysis 5.7.1 Average Selling Price of Light Aircraft 5.7.2 Average Selling Prices of Key Players, by Application 5.8 Porter's Five Forces Analysis 5.9 Trade Data Statistics 5.9.1 Import Data Statistics 5.9.2 Export Data Statistics 5.10 Key Conferences & Events, 2022-2023 5.11 Tariff and Regulatory Landscape 5.11.1 Regulatory Bodies, Government Agencies & Other Organizations 5.11.2 Regulatory Landscape 5.11.3 North America 5.11.4 Europe 5.12 Key Stakeholders in Buying Process

6 Industry Trends 6.1 Introduction 6.2 Technology Trends 6.2.1 Passenger Drones 6.2.2 Combat Drones 6.2.3 Evtol Aircraft 6.2.4 Urban Air Mobility 6.3 Technology Analysis 6.4 Use Case Analysis 6.4.1 Use Case: Vtol Business Jet 6.4.2 Use Case: Evtol 6.5 Impact of Megatrends 6.5.1 Electric Propulsion 6.5.1.1 Hybrid Electric Propulsion System Design 6.5.1.2 All-Electric Propulsion System Design 6.5.2 Autonomous Aircraft 6.6 Innovations and Patent Registrations

7 Ultralight and Light Aircraft Market, by Aircraft Type 7.1 Introduction 7.2 Ultralight Aircraft 7.2.1 Lenient Pilot License Requirement to Drive Demand 7.3 Light Aircraft 7.3.1 Increasing Use for Business Travel to Drive Demand 7.3.2 600-2,500 Mtow 7.3.2.1 Mtow Range of 600-2,500 Kg are Used in Agricultural and Medical Services 7.3.3 2,500-5,700 Mtow 7.3.3.1 Mtow Range of 2,500-5,700 Kg are Used for Domestic Business Travels and Military Training

8 Ultralight and Light Aircraft Market, by Flight Operation 8.1 Introduction 8.2 Ctol (Conventional Take-Off and Landing) 8.2.1 Growing Procurement of Private Jets and Stol Aircraft for Passenger Travel to Drive Segment 8.3 Vtol (Vertical Take-Off and Landing) 8.3.1 Increasing Focus of Manufacturers on Military and Futuristic Commercial V/Stol Aircraft Concepts to Drive Segment

9 Ultralight and Light Aircraft Market, by Material 9.1 Introduction 9.2 Aluminum 9.2.1 Properties Like Lightweight and High Strength to Drive Segment 9.3 Composites 9.3.1 Advantage of Being Lighter Than Aluminium to Drive Segment 9.4 Others

10 Ultralight and Light Aircraft Market, by System 10.1 Introduction 10.2 Airframes 10.2.1 Lightweight and High-Strength Composite Materials are Used for Development of Airframes 10.3 Avionics 10.3.1 Demand for Next-Generation Flight Management Systems Expected to Drive Segment 10.4 Aircraft Systems 10.4.1 Rising Technological Advancements to Drive Segment 10.5 Cabin Interiors 10.5.1 Increasing Demand for In-Flight Entertainment Systems for Business Aircraft to Drive Segment

11 Ultralight and Light Aircraft Market, by Propulsion 11.1 Introduction 11.2 Electric/Hybrid 11.2.1 Solar-Powered 11.2.1.1 Usage of Pseudo-Satellites for Border Patrol to Drive Segment 11.2.2 Battery-Powered 11.2.2.1 Growing Popularity of Hybrid Electric Aircraft to Drive Segment 11.2.3 Fuel Cell-Powered 11.2.3.1 Increasing Number of Fuel Cell Test Flights to Drive Segment 11.2.4 Fully Electric 11.2.4.1 Benefit of Zero Emissions to Drive Segment 11.3 Conventional Fuel 11.3.1 Turboprop 11.3.1.1 Increasing Usage of Fuel Efficient Engines to Drive Segment 11.3.2 Piston Engine 11.3.2.1 Application in Uavs and Uams to Drive Segment

12 Ultralight and Light Aircraft Market, by Technology 12.1 Introduction 12.2 Manned 12.2.1 Increasing Aircraft Demand for Passenger Travel and Agriculture Applications to Drive Segment 12.3 Unmanned 12.3.1 Rising Procurement of Uavs by Militaries to Drive Segment

13 Ultralight and Light Aircraft Market, by End Use 13.1 Introduction 13.2 Civil & Commercial 13.2.1 Passenger 13.2.1.1 Growing Usage in Domestic Travel to Drive Segment 13.2.2 Private 13.2.2.1 Increasing Procurement of Light Aircraft for Business Travels to Drive Segment 13.2.3 Commercial Cargo 13.2.3.1 Transfer of Cargo to Remote Areas to Drive Segment 13.2.4 Training 13.2.4.1 Increasing Signing Up of New Pilots to Drive Segment 13.2.5 Agriculture 13.2.5.1 Air Tractors Used for Farming to Drive Segment 13.2.6 Survey & Research 13.2.6.1 Need to Collect Important Data to Drive Segment 13.2.7 Medical 13.2.7.1 Usage in Emergency Services to Drive Segment 13.2.8 Others 13.3 Military 13.3.1 Intelligence, Surveillance, and Reconnaissance (Isr) 13.3.1.1 Need to Gather Battle Intelligence Through Surveillance to Drive Segment 13.3.2 Search & Rescue 13.3.2.1 Usage in Providing Relief During Distress Situations to Drive Segment 13.3.3 Military Cargo 13.3.3.1 Need for Transferring Cargo to Sensitive Military Locations to Drive Segment 13.3.4 Training 13.3.4.1 Need to Train Pilots for Military Flying to Drive Segment 13.3.5 Others

14 Ultralight and Light Aircraft Aftermarket 14.1 Introduction 14.2 Ultralight Aircraft 14.2.1 Increasing Line Maintenance and Part Replacements in Existing Fleet to Drive Segment 14.3 Light Aircraft 14.3.1 Increasing Flight Hours and Aftermarket Services to Drive Segment

16 Competitive Landscape 16.1 Introduction 16.2 Market Share Analysis, 2021 16.3 Revenue Analysis of Top 5 Market Players, 2017- 2021 16.4 Company Evaluation Quadrant 16.4.1 Star 16.4.2 Emerging Leaders 16.4.3 Pervasive 16.4.4 Emerging Companies 16.5 Start-Up Evaluation Quadrant 16.5.1 Progressive Companies 16.5.2 Responsive Companies 16.5.3 Starting Blocks 16.5.4 Dynamic Companies 16.5.5 Competitive Benchmarking 16.6 Company Product Footprint Analysis 16.7 Competitive Scenario 16.7.1 Deals 16.7.2 Product Launches

17 Company Profiles 17.1 Introduction 17.2 Key Players 17.2.1 Pipistrel D.O.O Ajdovseina 17.2.2 Evektor-Aerotechnik 17.2.3 American Legend Aircraft Co. 17.2.4 P&M Aviation 17.2.5 Quicksilver Aircraft 17.2.6 Costruzioni Aeronautiche Tecnam S.P.A. 17.2.7 Flight Design General Aviation GmbH 17.2.8 Textron Inc. 17.2.9 Aeropro 17.2.10 Autogyro GmbH 17.2.11 Pilatus Aircraft 17.2.12 Piper Aircraft 17.2.13 Vulcanair 17.2.14 Cirrus Aircraft 17.2.15 Honda Aircraft Company 17.3 Other Players 17.3.1 Volocopter GmbH 17.3.2 Lilium GmbH 17.3.3 Neva Aerospace 17.3.4 Opener 17.3.5 Kitty Hawk 17.3.6 Joby Aviation 17.3.7 Aston Martin 17.3.8 Wing 17.3.9 Karem Aircraft Inc. 17.3.10 Lift Aircraft Inc. 17.3.11 Xti Aircraft

For more information about this report visit https://www.researchandmarkets.com/r/o3acqj

Global Aircraft and Light Aircraft Market

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