Ultralight Aircraft Market Forecast To Be Worth $389.26 Million By 2020 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.23.22

Airborne-UnCrewed-05.24.22

Airborne-Unlimited-05.18.22

Airborne-Flt Training-05.19.22

Airborne Unlimited-05.20.22

Tue, Dec 29, 2015

Ultralight Aircraft Market Forecast To Be Worth $389.26 Million By 2020

Looked At Fixed And Rotary Wing Aircraft, Alternative Fuels

A new report forecasts that the worldwide ultralight aircraft market is expected to reach $389.26 million by 2020, at a compound annual growth rate (CAGR) of 5.23% from 2015 to 2020.

According to the report from ASDReports, factors such as rise in sports and recreational spending, versatility in pilot training, and low cost of acquisition, maintenance and operation among others are factors driving the growth of the ultralight aircraft market. The factors such as economic slowdown and safety concerns are restricting the market growth.

The report analyzes and studies major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

The ultralight aircraft market is classified into three major segments, namely, aircraft type, engine type, application, and region:

  • On the basis of aircraft type, this market is segmented into fixed wing, flex wing and rotary wing.
  • The engine type segment is further classified into fuel-powered and electric.
  • The market on the basis of application market is segmented into recreation, commercial, and defense.

The fixed wing segment of the ultralight aircraft market, in terms of value, is estimated to account for the largest share of 80.45% in 2015, followed by the flex wing segment that holds an estimated share of 16.09% in the same year. In terms of volume, the flex wing segment leads the ultralight aircraft market, registering a share of 56.63% in 2015, followed by the fixed wing segment with a share of 41.82% in the same year.

As of 2015, Europe is estimated to hold the largest share of the ultralight aircraft market, followed by North America. The Middle East ultralight aircraft market is expected to grow at the highest CAGR of 7.93% between 2015 and 2020.

The report found that the ultralight aircraft market is dominated by key players such as Costruzioni Aeronautiche Tecnam S.R.L. (Italy), Cub Crafters, Inc. (U.S.), Flight Design GmbH (Germany), Pipistrel D.O.O. Ajdovšèina (Slovenia) and Evektor spol s.r.o. (Czech Republic), American Legend Aircraft Co. (U.S.), Aeropro s.r.o. (Slovakia), Jabiru Aircraft Pty. Ltd. (Australia), Quicksilver Aircraft (U.S.), and P&M Aviation (U.K.).

The report also draws the competitive landscape of the ultralight aircraft market, providing an in-depth comparative analysis of the technological and marketing strategies adopted by key players thriving in this market. The key strategies adopted by major companies in the ultralight aircraft market are new product launches, providing customized solutions, and mergers & acquisitions.

(Source: ASDReports news release. Images from file)

FMI: Report

Advertisement

More News

ANN's Daily Aero-Term (05.21.22): Instrument Approach Procedure [ICAO]

Instrument Approach Procedure [ICAO] A series of predetermined maneuvers by reference to flight instruments with specified protection from obstacles from the initial approach fix, >[...]

Latest GAMA Aircraft Sales Report Published

Overall Value Of The Aircraft Shipments Was Slightly Lower For 1Q/22 GAMA has published the First Quarter 2022 General Aviation Aircraft Shipment and Billing Report. The aircraft m>[...]

BoeingÂ’s Starliner Docks to Station for Cargo and Test Ops

Starliner Is Scheduled To Depart The Space Station Wednesday, May 25 Despite a litany of problems and failures, Boeing’s CST-100 Starliner spacecraft successfully docked to t>[...]

NTSB Prelim: Cessna 414

He Pulled Back On The Flight Controls With One Hand, However, The Flight Controls Did Not Move On May 2, 2022, about 1550 eastern daylight time, a Cessna 414 airplane, N46TA, was s>[...]

Airborne-Flight Training 05.19.22: Republic SIC, USAF Kolligian, Pilot Shortage

Also: Bob Hoover Legacy Foundation, Women’s Air Race Classic, NIFA SAFECON 2022, Oshkosh Pilot Proficiency Center For some time, Republic Airways has enjoyed a not so favorab>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2022 Web Development & Design by Pauli Systems, LC