Ultralight Aircraft Market size in 2018 was over USD 4 billion and is estimated to grow at around 14 CAGR from 2019 to 2025.
Increasing addiction to recreational activities is a key factor driving the growth of the global ultralight aircraft market growth. It is also accelerating the market growth as the demand for ultra-light aircraft for various sports and recreational activities is soaring. In addition, due to the low weight and high speed of these aircraft, demand in the commercial and military sectors increased at a significant rate. In addition, reduced operating costs, reduced maintenance and economical purchasing drive market growth. In addition, the use of ultralight aircraft for defense activities such as search and rescue and intelligence activities and the use of these aircraft for short aviation courses for training purposes has a positive impact on the market growth. However, safety issues for pilots and passengers, lack of skilled pilots, and lack of standardization are the major constraints of the ultralight aircraft market. Conversely, technological advances and training in safety options for pilots and passengers are expected to provide a favorable opportunity for players in the ultralight aircraft industry.
A full report of Ultralight Aircraft Market is available at: https://www.orionmarketreports.com/ultralight-and-light-aircraft-market/43587/
Ultralight Aircraft Market: Segmentation
By Material
• Aluminum
• Composites
• Others
By Aircraft Type
• Fixed Wing
• Flex Wing
• Rotary Wing
By Engine Type
• Fuel Engine
• Electric Engine
By Application
• Recreation
• Commercial
• Military
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Ultralight Aircraft Market Report
• What was the Ultralight Aircraft Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Ultralight Aircraft Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Ultralight Aircraft Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
