Introduction of the Ultralight and Light Aircraft Market Report

Ultralight aircraft have a maximum take-off weight (MTOW) of less than 600kg, and light aircraft have an MTOW range from 600kg to 5,700kg. Light sports aircraft, fixed-wing aircraft, helicopters, gyrocopters, and unmanned aerial vehicles are considered under ultralight aircraft. Light aircraft are commercially used for freight transport, photography, sightseeing, and other roles, as well as personal use. The ultralight aircraft market has witnessed significant growth due to increasing deployment of UAVs in military and commercial applications.

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Market Dynamic

Key Drivers and Emerging Trends

The new development and designs in the aviation industry for achieving the desired outcomes has primarily contributed to the growth of the ultralight and light aircraft market. For instance, in 2017 Neva Aerospace, a U.K. based aviation has consortium, revealed its commercial concept as a prototype for future personal manned aerial transportation known as AirQuadOne powered by a battery pack compatible with electric car recharging stations via a direct wire connection, induction, or battery pack switch, which has provided noticeable pace to the growth of the market. In addition, increasing demand for ultralight and light aircraft for leisure and recreational activities has been witnessed, anticipating the ultralight and light aircraft’s growth. For instance, Lift Aircraft is a start-up that focuses on offering ultralight aircraft that a layperson can easily operate. This organization is involved in selling electrically powered light aircraft that can be easily operated even by tourists for short leisure rides, which may act as a driving factor for the market over the forecast period.

In addition, acceleration in the electrification of ultralight and light aircraft is another trend in the market that is expected to drive the aviation industry. Companies like LILIUM GMBH, are planning to build a platform for electric aircraft taxi and has raised around US$ 240 million funds for the same, which is anticipated to surge the demand for the electric aircraft and leading to the growth of the market.

Restraint in the Ultralight and Light Aircraft Market

However, passenger and pilot safety are the major factors that are expected to hamper the growth of the market over the forecast period.

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Type – Segment Analysis

Based on the type, the ultralight aircraft segment is expected to grow at a higher CAGR in the global ultralight and light aircraft market over the forecast period. The demand for ultralight aircraft has spiked over the period of time due to civil and commercial applications. They are specially designed with low weight and moderate power primarily for pleasure flying. However, advanced models are now used for training, police patrol, and other work, including a proposed use in combat.

Engine Type – Segment Analysis

Based on the engine type, electric engine is expected to grow at a higher CAGR in the global ultralight and light aircraft market over the forecast period. As electric aircrafts promise a list of benefits like electric aircraft costs less in maintenance than fuel aircraft, cheaper fares for passengers, etc. For instance, companies like LILIUM GMBH are involved in developing 36 single-stage electric motor aircraft known as Lilium Jet, which is in prototype phase and is anticipated to boost the segment’s growth.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the global ultralight and light aircraft market over the forecast period. This is due to the increasing sport and recreational aircraft activities in the region coupled with the greater flexibility offered by these aircraft than traditional aircraft. In addition, several pilot training organizations are demanding advanced training aircraft for expansion and modernization of their training fleet, thereby showcasing strong growth opportunities. For instance, in April 2019, L3 Commercial Aviation placed an order for 240 piper aircrafts to modernize their training fleet, which has contributed to the growth of the market.

Top Market Players

Various notable players operating in the market, include, Volocopter GmbH, LILIUM GMBH, NEVA Aerospace, Opener, KITTY HAWK, PIPER AIRCRAFT, INC., Aston Martin, Wing Aviation LLC., Karem Aircraft, Inc., XTI AIRCRAFT, among others. 

Key Developments:

• • In 2020, Piper Aircraft, Inc. expanded its aircraft services to Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont through Skytech Inc., a Piper Aircraft Inc. dealer.

Segments covered in the Report:

The global ultralight and light aircraft market has been segmented on the basis of type, engine type, application and regions. Based on type, the market is segmented into ultralight and light. Based on engine type, the market is segmented into fuel engine and electric engine. Based on application, the market is segmented into recreation, commercial, defense and others. 

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Key questions answered in this research report:

• • At what pace is global ultralight and light aircraft market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in ultralight and light aircraft market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global ultralight and light aircraft market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various engine type areas of global ultralight and light aircraft market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Engine Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Volocopter GmbH, LILIUM GMBH, NEVA Aerospace, Opener, KITTY HAWK, PIPER AIRCRAFT, INC., Aston Martin, Wing Aviation LLC., Karem Aircraft, Inc., XTI AIRCRAFT, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Ultralight and Light Aircraft Market by Type

• • Ultralight
  • Light

Global Ultralight and Light Aircraft Market by Engine Type

• • Fuel Engine
  • Electric Engine

Global Ultralight and Light Aircraft Market by Application

• • Recreation
  • Commercial
  • Defense
  • Others

Global Ultralight and Light Aircraft Market by Region

• • North America Ultralight and Light Aircraft Market (Option 1: As a part of the free 25% customization)
    • North America Ultralight and Light Aircraft Market by Type
    • North America Ultralight and Light Aircraft Market by Engine Type
    • North America Ultralight and Light Aircraft Market by Application
    • US Ultralight and Light Aircraft Market All-Up
    • Canada Ultralight and Light Aircraft Market All-Up
  • Europe Ultralight and Light Aircraft Market (Option 2: As a part of the free 25% customization)
    • Europe Ultralight and Light Aircraft Market by Type
    • Europe Ultralight and Light Aircraft Market by Engine Type
    • Europe Ultralight and Light Aircraft Market by Application
    • UK Ultralight and Light Aircraft Market All-Up
    • Germany Ultralight and Light Aircraft Market All-Up
    • France Ultralight and Light Aircraft Market All-Up
    • Spain Ultralight and Light Aircraft Market All-Up
    • Rest of Europe Ultralight and Light Aircraft Market All-Up
  • Asia-Pacific Ultralight and Light Aircraft Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Ultralight and Light Aircraft Market by Type
    • Asia-Pacific Ultralight and Light Aircraft Market by Engine Type
    • Asia-Pacific Ultralight and Light Aircraft Market by Application
    • China Ultralight and Light Aircraft Market All-Up
    • India Ultralight and Light Aircraft Market All-Up
    • Japan Ultralight and Light Aircraft Market All-Up
    • Rest of APAC Ultralight and Light Aircraft Market All-Up
  • RoW Ultralight and Light Aircraft Market (Option 4: As a part of the free 25% customization)
    • RoW Ultralight and Light Aircraft Market by Type
    • RoW Ultralight and Light Aircraft Market by Engine Type
    • RoW Ultralight and Light Aircraft Market by Application
    • Brazil Ultralight and Light Aircraft Market All-Up
    • South Africa Ultralight and Light Aircraft Market All-Up
    • Saudi Arabia Ultralight and Light Aircraft Market All-Up
    • UAE Ultralight and Light Aircraft Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Ultralight and Light Aircraft Market All-Up

Major Players Operating in the Ultralight and Light Aircraft (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Volocopter GmbH
  • LILIUM GMBH
  • NEVA Aerospace
  • Opener
  • KITTY HAWK
  • PIPER AIRCRAFT, INC.
  • Aston Martin
  • Wing Aviation LLC.
  • Karem Aircraft, Inc.
  • XTI AIRCRAFT