Ultralight Aircraft Market Size to Grow by USD 2.61 billion with 47% of the Contribution from North America - Technavio

NEW YORK, Sept. 6, 2022 -- The latest market analysis report titled Ultralight Aircraft Market by End-user and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 5.71%. The analysts have categorized the global ultralight aircraft market as a part of the global aerospace and defense market. Our report provides extensive information on the value chain analysis for the ultralight aircraft market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The ultralight aircraft market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size.

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The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the low-cost operations and maintenance of ultralight aircraft. Furthermore, to reduce the overall weight of aircraft thousands of pounds of composite materials like honeycomb core, thermoset prepregs, and thermoplastics are being used in newer-generation aircraft. These materials are mostly used in ceiling and floor panels, galleys, lavatory modules, food and drink trolleys, and class dividers. Such advances are anticipated to drive market growth during the forecast period. 

However, challenges with high and low-pressure shafts is one of the key factors limiting the ultralight aircraft market growth. A power generation system is essential for the engine system, which will cater to the high demand for power and enhance engine control stability and various physical parameters associated with the mounting structures of extraction mechanisms and generators. Often, the HP shafts project a declining surge margin of the LP compressor when the extracting power increases, which is a challenge for the overall propulsion. Such challenges are limiting the market growth.

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This report extensively covers ultralight aircraft market segmentation by end-user (civil, commercial, and military) and geography (North America, Europe, APAC, Middle East and Africa, and South America).

Revenue-generating Segment Highlights: The ultralight aircraft market share growth in the civil segment will be significant during the forecast period. Ultralight aircraft operations can bring the remotest parts of a country into the mainstream aviation network without involving high costs in building airports and runways. Moreover, research and development (R&D) in the global ultralight aircraft market is underpinned by mandatory compliance with International Civil Aviation Organization (ICAO) norms and the adoption of new technology by market vendors to achieve the first-mover advantage. These factors are expected to drive the civil segment growth during the forecast period.

Regional Opportunities: 47% of the market's growth will originate from North America during the forecast period. The US is the key market for the ultralight aircraft market in North America. Market growth in this region will be faster than the growth of the market in Europe and South America. The increase in the number of military aircraft procurement programs will facilitate the ultralight aircraft market growth in North America over the forecast period. 

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This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters

Ultralight Aircraft Market Sizing
Ultralight Aircraft Market Forecast
Ultralight Aircraft Market Analysis

The ultralight aircraft market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. This statistical study of the ultralight aircraft market encompasses successful business strategies deployed by the key vendors. The ultralight aircraft market is fragmented and the vendors are deploying growth strategies such as cost, quality, reliability, and other services to compete in the market. 

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Aeropro s.r.o.: This segment focuses on designing and manufacturing lightweight sports aircraft. The company offers ultralight aircraft namely Eurofox.
• Albatross Flying Systems Pvt. Ltd.: This segment focuses on the manufacturing of sport aviation products such as aircraft and aircraft components. The company offers ultralight aircrafts such as Zenair CH 601, Zenair CH 701, Flight Star II SC.
• Autogyro GmbH: This segment focuses on offering gyroplane, flight schools, maintenance, parts, technologies, and accessories. The company offers ultralight aircrafts such as MTOsport, Calidus, and Cavalon.
• Aviation Industry Corp. of China Ltd.: The company offers ultralight aircraft through its subsidiary Cirrus Aircraft.
• Aeropilot Ltd.
• CGS Hawk Aviation
• Costruzioni Aeronautiche Tecnam S.p.A.
• Cub Crafters
• DAHER
• Evektor Spol. S.R.O
• Jabiru Aircraft Pty Ltd.
• LIFT Air GmbH
• Phantom Aeronautics LLC
• Pilatus Aircraft Ltd.
• Piper Aircraft Inc.
• Quicksilver Aircraft
• Sonex Aircraft LLC
• Textron Inc.
• Vulcanair S.p.A.

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• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

• 5.1 Market segments
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Civil - Market size and forecast 2021-2026
• Exhibit 28: Chart on Civil - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Civil - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Civil - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Civil - Year-over-year growth 2021-2026 (%)

• 5.4 Commercial - Market size and forecast 2021-2026
• Exhibit 32: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Commercial - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Commercial - Year-over-year growth 2021-2026 (%)

• 5.5 Military - Market size and forecast 2021-2026
• Exhibit 36: Chart on Military - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Military - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Military - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Military - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user
• Exhibit 40: Market opportunity by End-user ($ million)

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 France - Market size and forecast 2021-2026
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.12 Japan - Market size and forecast 2021-2026
• Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 86: Market opportunity by geography ($ million)

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Aeropro s.r.o.
• Exhibit 93: Aeropro s.r.o. - Overview
• Exhibit 94: Aeropro s.r.o. - Product / Service
• Exhibit 95: Aeropro s.r.o. - Key offerings

• 10.4 Albatross Flying Systems Pvt. Ltd.
• Exhibit 96: Albatross Flying Systems Pvt. Ltd. - Overview
• Exhibit 97: Albatross Flying Systems Pvt. Ltd. - Product / Service
• Exhibit 98: Albatross Flying Systems Pvt. Ltd. - Key offerings

• 10.5 Autogyro GmbH
• Exhibit 99: Autogyro GmbH - Overview
• Exhibit 100: Autogyro GmbH - Product / Service
• Exhibit 101: Autogyro GmbH - Key offerings

• 10.6 Aviation Industry Corp. of China Ltd.
• Exhibit 102: Aviation Industry Corp. of China Ltd. - Overview
• Exhibit 103: Aviation Industry Corp. of China Ltd. - Product / Service
• Exhibit 104: Aviation Industry Corp. of China Ltd. - Key offerings

• 10.7 Costruzioni Aeronautiche Tecnam S.p.A.
• Exhibit 105: Costruzioni Aeronautiche Tecnam S.p.A. - Overview
• Exhibit 106: Costruzioni Aeronautiche Tecnam S.p.A. - Product / Service
• Exhibit 107: Costruzioni Aeronautiche Tecnam S.p.A. - Key offerings

• 10.8 Cub Crafters
• Exhibit 108: Cub Crafters - Overview
• Exhibit 109: Cub Crafters - Product / Service
• Exhibit 110: Cub Crafters - Key offerings

• 10.9 Evektor Spol. S.R.O
• Exhibit 111: Evektor Spol. S.R.O - Overview
• Exhibit 112: Evektor Spol. S.R.O - Product / Service
• Exhibit 113: Evektor Spol. S.R.O - Key offerings

• 10.10 Pilatus Aircraft Ltd.
• Exhibit 114: Pilatus Aircraft Ltd. - Overview
• Exhibit 115: Pilatus Aircraft Ltd. - Product / Service
• Exhibit 116: Pilatus Aircraft Ltd. - Key offerings

• 10.11 Quicksilver Aircraft
• Exhibit 117: Quicksilver Aircraft - Overview
• Exhibit 118: Quicksilver Aircraft - Product / Service
• Exhibit 119: Quicksilver Aircraft - Key offerings

• 10.12 Textron Inc.
• Exhibit 120: Textron Inc. - Overview
• Exhibit 121: Textron Inc. - Business segments
• Exhibit 122: Textron Inc. - Key news
• Exhibit 123: Textron Inc. - Key offerings
• Exhibit 124: Textron Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 125: Inclusions checklist
• Exhibit 126: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 127: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 128: Research methodology
• Exhibit 129: Validation techniques employed for market sizing
• Exhibit 130: Information sources

• 11.5 List of abbreviations
• Exhibit 131: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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