Product Code: GVR-4-68040-392-2
Ultralight And Light Aircraft Market Trends
The global ultralight and light aircraft market size was estimated at USD 11.45 billion in 2023 and is expected to grow at a CAGR of 9.74% from 2024 to 2030. The growth is attributed to the increasing demand for ultralight and light aircraft in various applications expanding beyond recreational flying. They are used for training, sightseeing, and experience flights, contributing to their heightened demand. Besides, aircraft are used for various commercial purposes, including surveying, crop monitoring, aerial photography, etc. They are also being deployed for search and rescue, firefighting, and disaster relief, which offers a significant growth potential for the market in the coming years.
The growth of the ultralight and light aircraft market is being largely influenced by technological advancements in terms of improved materials and aerodynamics, providing safer, more efficient, and more comfortable features. Moreover, the integration of advanced avionics systems has enhanced flight safety and navigation capabilities, driving the demand for these aircraft. Besides, favorable regulatory scenarios pertaining to ultralight and light aircraft in various countries are accelerating the market growth.
The market benefits from the development and adoption of innovative aircraft designs. For instance, in June 2023, Honda Aircraft Company, LLC announced to commercialization of its HondaJet 2600 concept light jet, which was launched at NBAA-BACE 2021. The aircraft is equipped with a Garmin G3000 avionics suite and two Williams International FJ44-4C turbofans that share the company's original over-the-wing engine-mount design. Such developments are positively influencing the market.
A considerable rise in defense expenditures and modernization of aircraft fleets with advanced capabilities across several countries is creating lucrative growth avenues for the market. For instance, in July 2024, Embraer Group delivered six light attack aircraft A-29 Super Tucano to the Paraguayan Air Force. This multi-mission aircraft provides versatility for armed reconnaissance, light attack, close air support, and advanced training missions, which exponentially increases the institutions' operational flexibility.
Global Ultralight And Light Aircraft Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global ultralight and light aircraft market report based on platform, operation, system, technology, end- use, and region.
- Platform Outlook (Revenue, USD Million, 2018 - 2030)
- Light Aircraft
- Ultralight Aircraft
- Operation Outlook (Revenue, USD Million, 2018 - 2030)
- CTOL
- VTOL
- System Outlook (Revenue, USD Million, 2018 - 2030)
- Aerostructures
- Avionics
- Engine
- Cabin Interiors
- Landing Gear
- Others
- Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Manned
- Unmanned
- End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Civil
- Military & Government
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Japan
China
India
South Korea
Australia
Brazil
- Middle East and Africa (MEA)
UAE
Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Ultralight and Light Aircraft Market Snapshot
- 2.2. Ultralight and Light Aircraft Market- Segment Snapshot (1/3)
- 2.3. Ultralight and Light Aircraft Market- Segment Snapshot (2/3)
- 2.4. Ultralight and Light Aircraft Market- Segment Snapshot (3/3)
- 2.5. Ultralight and Light Aircraft Market- Competitive Landscape Snapshot
Chapter 3. Ultralight and Light Aircraft Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Technology Trends
Chapter 4. Ultralight and Light Aircraft Market: Platform Estimates & Trend Analysis
- 4.1. Platform Movement Analysis & Market Share, 2023 & 2030
- 4.2. Ultralight and Light Aircraft Market Estimates & Forecast, By Platform (USD Million)
- 4.2.1. Light Aircraft
- 4.2.2. Ultralight Aircraft
Chapter 5. Ultralight and Light Aircraft Market: Operation Estimates & Trend Analysis
- 5.1. Operation Movement Analysis & Market Share, 2023 & 2030
- 5.2. Ultralight and Light Aircraft Market Estimates & Forecast, By Operation (USD Million)
Chapter 6. Ultralight and Light Aircraft Market: System Estimates & Trend Analysis
- 6.1. System Movement Analysis & Market Share, 2023 & 2030
- 6.2. Ultralight and Light Aircraft Market Estimates & Forecast, By System (USD Million)
- 6.2.1. Aerostructures
- 6.2.2. Avionics
- 6.2.3. Engine
- 6.2.4. Cabin Interiors
- 6.2.5. Landing Gear
- 6.2.6. Others
Chapter 7. Ultralight and Light Aircraft Market: Technology Estimates & Trend Analysis
- 7.1. Technology Movement Analysis & Market Share, 2023 & 2030
- 7.2. Ultralight and Light Aircraft Market Estimates & Forecast, By Technology (USD Million)
- 7.2.1. Manned
- 7.2.2. Unmanned
Chapter 8. Ultralight and Light Aircraft Market: End Use Estimates & Trend Analysis
- 8.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 8.2. Ultralight and Light Aircraft Market Estimates & Forecast, By End Use (USD Million)
- 8.2.1. Civil
- 8.2.2. Military & Government
Chapter 9. Regional Estimates & Trend Analysis
- 9.1. Ultralight and Light Aircraft Market by Region, 2023 & 2030
- 9.2. North America
- 9.2.1. North America Ultralight and Light Aircraft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.3. Canada
- 9.3. Europe
- 9.3.1. Europe Ultralight and Light Aircraft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.3.2. Germany
- 9.3.3. UK
- 9.3.4. France
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Ultralight and Light Aircraft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.4.2. Japan
- 9.4.3. China
- 9.4.4. India
- 9.4.5. South Korea
- 9.4.6. Australia
- 9.5. Latin America
- 9.5.1. Latin America Ultralight and Light Aircraft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.3. Mexico
- 9.6. Middle East & Africa (MEA)
- 9.6.1. MEA Ultralight and Light Aircraft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.6.2. UAE
- 9.6.3. Saudi Arabia
- 9.6.4. South Africa
Chapter 10. Ultralight and Light Aircraft Market - Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Company Categorization
- 10.3. Participant's Overview
- 10.4. Financial Performance
- 10.5. Product Benchmarking
- 10.6. Company Market Positioning Analysis
- 10.7. Company Heat Map Analysis
- 10.8. Strategy Mapping
- 10.8.1. Expansion
- 10.8.2. Merger & Acquisition
- 10.8.3. Collaborations/Partnerships
- 10.8.4. New Product Launches
- 10.9. Company Profiles
- 10.9.1. Textron Aviation Inc.
- 10.9.1.1. Participant's Overview
- 10.9.1.2. Financial Performance
- 10.9.1.3. Product Benchmarking
- 10.9.1.4. Recent Developments
- 10.9.2. Bombardier Inc.
- 10.9.2.1. Participant's Overview
- 10.9.2.2. Financial Performance
- 10.9.2.3. Product Benchmarking
- 10.9.2.4. Recent Developments
- 10.9.3. Cirrus Design Corporation
- 10.9.3.1. Participant's Overview
- 10.9.3.2. Financial Performance
- 10.9.3.3. Product Benchmarking
- 10.9.3.4. Recent Developments
- 10.9.4. Piper Aircraft, Inc.
- 10.9.4.1. Participant's Overview
- 10.9.4.2. Financial Performance
- 10.9.4.3. Product Benchmarking
- 10.9.4.4. Recent Developments
- 10.9.5. Pilatus Aircraft Ltd
- 10.9.5.1. Participant's Overview
- 10.9.5.2. Financial Performance
- 10.9.5.3. Product Benchmarking
- 10.9.5.4. Recent Developments
- 10.9.6. Lancair Aerospace
- 10.9.6.1. Participant's Overview
- 10.9.6.2. Financial Performance
- 10.9.6.3. Product Benchmarking
- 10.9.6.4. Recent Developments
- 10.9.7. Vulcanair S.p.A.
- 10.9.7.1. Participant's Overview
- 10.9.7.2. Financial Performance
- 10.9.7.3. Product Benchmarking
- 10.9.7.4. Recent Developments
- 10.9.8. Honda Aircraft Company, LLC
- 10.9.8.1. Participant's Overview
- 10.9.8.2. Financial Performance
- 10.9.8.3. Product Benchmarking
- 10.9.8.4. Recent Developments
- 10.9.9. Advanced Tactics Inc
- 10.9.9.1. Participant's Overview
- 10.9.9.2. Financial Performance
- 10.9.9.3. Product Benchmarking
- 10.9.9.4. Recent Developments
- 10.9.10. Embraer Group
- 10.9.10.1. Participant's Overview
- 10.9.10.2. Financial Performance
- 10.9.10.3. Product Benchmarking
- 10.9.10.4. Recent Developments
- 10.9.11. Evektor Aerotechnik
- 10.9.11.1. Participant's Overview
- 10.9.11.2. Financial Performance
- 10.9.11.3. Product Benchmarking
- 10.9.11.4. Recent Developments
- 10.9.12. Air Tractor Inc.
- 10.9.12.1. Participant's Overview
- 10.9.12.2. Financial Performance
- 10.9.12.3. Product Benchmarking
- 10.9.12.4. Recent Developments
- 10.9.13. Flight Design General Aviation GmbH
- 10.9.13.1. Participant's Overview
- 10.9.13.2. Financial Performance
- 10.9.13.3. Product Benchmarking
- 10.9.13.4. Recent Developments
- 10.9.14. Pipistrel D.O.O
- 10.9.14.1. Participant's Overview
- 10.9.14.2. Financial Performance
- 10.9.14.3. Product Benchmarking
- 10.9.14.4. Recent Developments
- 10.9.15. Aviation Partners, Inc.
- 10.9.15.1. Participant's Overview
- 10.9.15.2. Financial Performance
- 10.9.15.3. Product Benchmarking
- 10.9.15.4. Recent Developments