Ultralight and Light Aircraft Market Size Outlook, Opportunity and Demand Analysis Report by 2026

Ultralight and Light Aircraft Market size is set to exceed USD 9.4 billion by 2026, according to a new research report by Global Market Insights, Inc. Ultralight and light aircraft market is expected to witness prominent growth on account of increasing demand for sport aircraft worldwide. These aircraft are increasingly used in the recreational flying applications. Growth in the global tourism industry is expected to boost the demand for ultralight and light aircraft, creating lucrative opportunities for manufacturers developing advanced aircraft that offer enhanced passenger experience.

Moreover, increasing adoption of urban air mobility solutions like air taxi services may accelerate the demand for such aircraft in the forthcoming years.

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Considering the market’s competitive landscape, it is vital to mention that major companies operating in the ultralight and light aircraft industry is expected to establish new production facilities and launch new products to tap a major market share. Notably, Pipistrel d.o.o., Tecnam Aircraft, Piper Aircraft, Inc., Pilatus Aircraft Ltd, and Textron Inc. are manufacturing ultralight and light aircraft.

Increasing HNWI (High Net Worth Individuals) across the world may boost light weight aircraft demand over forecast period. Light aircraft offer improved aviation experience to passengers. These aircraft are extensively used for personal aviation purposes. Meanwhile, lightweight helicopters are increasingly used for air medical and search & rescue services. On this note, studies suggest that the light aircraft segment may hold 95% of the total market share over the forecast period.

The Europe ultralight and light market is expected to record 7.3% growth owing to surging efforts to develop numerous UAM (urban air mobility) solutions across the region. Numerous regional cities like Toulouse and Hamburg are collaborating to develop numerous UAM initiatives under EIP- SSC (the European Innovation Partnership in Smart Cities and Communities) initiative. Moreover, increasing recreational air sports activities could further accelerate ultralight and light aircraft demand across the region.

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Ultra-light and lightweight aircraft are expected to gain prominence across civil and commercial applications. The segment recorded over 80% revenue share in the ultralight and light aircraft industry owing to increasing demand for small-sized business jets across the world.

Ease of maintenance, lower ownership cost, and reliability are supporting the usage of small business jets. Moreover, increasing air charter services for intercity and intracity travel across numerous nations including China and Japan may offer lucrative opportunities for industry participants.

Meanwhile, electric and hybrid propulsion aircraft are expected to record 3.4% share owing to increasing investments on electric aircraft. Aircraft manufacturers like Flight Design general aviation GmbH and Pipistrel d.o.o are testing new aircraft for training purposes. In June 2018, Pipistrel d.o.o. declared the successful execution of the first flight for the company’s Alpha Electro Aircraft.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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