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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Ultralight and Light Aircraft Market size
The global ultralight and light aircraft market reached USD 8.33 billion in 2023. The market is expected to grow at a CAGR of 4.5% between 2024 and 2032, reaching almost USD 12.37 billion by 2032.
Key Takeaways:
- In 2022, the UK civil aerospace sector's revenue reached approximately $34.5 billion, thus significantly boosting the global ultralight and light aircraft market.
- According to the International Trade Administration, India has the potential to emerge as the world's premier aviation market by 2047.
- The International Air Transport Association aims for net-zero aviation emissions, focusing on sustainable fuels, innovative propulsion, and improved air traffic.
The Experimental Aircraft Association defines an ultralight as an aircraft meeting the following specifications: it accommodates one person, with a maximum empty weight of 254 lbs for powered aircraft and 155 lbs for unpowered ones. It can carry up to 5 gallons of fuel, attains a maximum speed of 55 knots at full power, and has a maximum stall speed of 24 knots when power is off.
A light aircraft, defined as a fixed-wing plane with a maximum take-off weight of 5,670 kg, is notably smaller than most multi-engine planes. Usually single engine, they typically seat up to four people. These planes are favoured by novice pilots for their simple controls and standard design. They're commonly used for training, sightseeing, and experience flights.
As per the International Trade Administration, the UK aerospace sector ranks second globally and operates as an export-oriented industry. In 2022, the UK civil aerospace sector generated around $34.5 billion in revenue, contributing significantly to the global demand for ultralight and light aircraft.
Ultralight and Light Aircraft Market Report Snapshots
Ultralight and Light Aircraft Market Size
Ultralight and Light Aircraft Market Trends
Ultralight and Light Aircraft Companies
Ultralight and Light Aircraft Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was estimated to be valued at USD 8.33 billion in 2023.
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is expected to reach USD 12.37 billion in 2032.
Factors driving the ultralight and light aircraft demand include the introduction of new-generation planes, increased commercial applications, expanding use in agriculture, and growing interest as a leisure pursuit.
The market is categorised according to its aircraft type, which includes light aircraft and ultralight aircraft.
The market key players are American Legend Aircraft Company., Aeropro SK s.r.o., AutoGyro GmbH, Textron Inc., ATEC v.o.s, Evektor, spol. s r. o., Pilatus Aircraft Ltd., and Air Tractor, Inc. among others.
Based on the flight operations it is divided into vertical take-off and landing (VTOL) and conventional take-off and landing (CTOL).
The major market areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on the end use, the market is divided into civil commercial and military.
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