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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Ultralight and Light Aircraft Market by Region
The aviation and aerospace sector in North America is experiencing steady growth, leading to a heightened need for ultralight and light aircraft. This demand surge is propelled by factors such as the rapid expansion of aircraft manufacturing, technological advancements, and the flourishing travel and tourism industry.
Based on geography. global ultralight and light aircraft market share is estimated to be led by the Asia-Pacific region. India, with its rapidly expanding civil aviation sector, is forecasted to surpass 500 million domestic and international air travellers by 2030. According to the International Trade Administration, India has the potential to emerge as the world's premier aviation market by 2047.
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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