Ultralight and Light Aircraft Market Size & Industry Analysis Report, 2020-2027
Ultralight and Light Aircraft Market
The Ultralight and Light Aircraft Market is expected to grow
at a faster rate over the coming years. The augmenting deployment of UAVs in
military operations is one of the major factors fuelling the growth of the market.
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Ultralight and Light Aircraft Market Dynamics
The growing automation of ultralight and light aircraft is a
major factor driving the Ultralight and Light Aircraft Market. Companies, such
as LILIUM GMBH, are proposing to develop a platform for electric aircraft taxi
and has raised nearly US$ 240 million allowance for the same, which is likely
to elevate the demand for electric aircraft. The latest innovations in the
design of the aviation industry to attain the desired outcomes has primarily
bolstered the growth of the ultralight and light aircraft market. For instance,
in 2017 Neva Aerospace, a U.K. based aviation has consortium, in 2017,
disclosed its commercial concept as a prototype for future personally operated
aerial transportation called AirQuadOne charged by a battery pack compatible
with electric car recharging stations through a direct wire connection,
induction, or battery pack switch, which has offered a remarkable surge to the
market growth. In addition, as per the ultralight
and light aircraft market research report, the rising demand for
aircraft for leisure and recreational activities has uplifted the market. For
instance, Lift Aircraft is a start-up emphasising on providing ultralight
aircraft that a layperson can easily operate. However, the safety of passenger
and pilot are the prime factors hindering the ultralight
and light aircraft market size.
Type –
Segment Analysis
The ultralight aircraft segment is predicted to hold a
significant share in the global ultralight and light aircraft market over the
forecast period. The ultralight
and light aircraft market forecast projects that the growing deployment
of aircrafts in civil and commercial applications will elevate the market size.
They are designed with low weight and medium power especially for pleasure
flying.
Market
Segmentation
Ultralight
and Light Aircraft Market by Type
·
Ultralight
·
Light
Ultralight
and Light Aircraft Market by Engine Type
·
Fuel Engine
·
Electric Engine
Ultralight
and Light Aircraft Market by Application
·
Recreation
·
Commercial
·
Defense
·
Others
Ultralight
and Light Aircraft Market by Region:
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
About GMI
Research
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provides market insights and intelligence across 12 major sectors helping our
clients in making effective investment and business decisions.
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