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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Ultralight and Light Aircraft Market Trends
As per the global ultralight and light aircraft market report, ultralight and light aircraft also find applications in sports and recreational activities, including five main categories: racing, aerobatics, homebuilt aircraft, antique planes, and rotorcraft. Due to fewer regulations and operational complexities, those flying for leisure will discover ultralight operations less constraining.
Moreover, their cost-effectiveness is evident, as light jets consume less fuel compared to larger aircraft, resulting in more economical operation.
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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