The Ultralight and Light Aircraft Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).

The factors driving growth of the Ultralight and Light Aircraft Market includes increasing demand of Unmanned Ariel Vehicles (UAVs) to combat terrorism, rising use of ultralight aircraft in recreational and sports activities, expansion of tourism industry and improvements in the living standards. Ultralight aircrafts are small in size as compared to commercial aircraft, imposes low acquisition, and maintenance costs, are some of the features propelling the market’s growth. Moreover, technological advancements in traditional aircraft propulsion systems, introduction of new aircrafts, rising focus of manufacturers on developing urban mobility solutions, rise in the launch of new products and rapid urbanization are further boosting the growth of Ultralight and Light Aircraft Market. In addition, the increasing investments by major companies on research and development, strategic mergers and collaborations between enterprises, and growing population growth rates, are further contributing towards the market growth.

However, growth of the Ultralight and Light Aircraft Market is hindered due to rising concerns related to passenger and pilot’s safety.

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

Based on Type, the Ultralight segment is predicted to grow at a significant CAGR during the forecast period

As per the Ultralight And Light Aircraft Market Research, increasing application of ultralight aircrafts in civil and commercial applications owing to its lightweight features, is propelling growth of the segment.

Based on Engine Type, the Electric Engine segment is projected to expand at a remarkable CAGR over the forecast period

Electric aircrafts require less maintenance as compared to fuel aircrafts, and provides cheaper fare for passenger, are pushing segment’s growth.

Based on Region, the North America region is likely to hold the largest market share during the forecast period

Presence of the leading players such as Karem Aircraft, Inc., PIPER AIRCRAFT, INC., and KITTY HAWK, growing demand for UAVs, increasing use of ultralight aircrafts in recreational activities, rapid urbanization are supporting the North America region market growth. 

Key Development

  • In 2020, Piper Aircraft, Inc., decided to extend 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.

Market Segmentation

Segmentation by Type

  • Ultralight
  • Light

Segmentation by Engine Type

  • Fuel Engine
  • Electric Engine

Segmentation by Application

  • Recreation
  • Commercial
  • Defense
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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