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Light & Ultralight Aircraft Market

Light & Ultralight Aircraft Market Size by Aircraft Type (Light & Ultralight), Propulsion System (Conventional & Electric-Hybrid), Technology, Application, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12820
  • Published Date: Jul, 2022
  • Pages: 236
  • Category: Aerospace & Defence
  • Format: PDF
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The global light & ultralight aircraft market is expected to reach USD 9.87 billion by 2030, at a CAGR of 4.69% from 2022 to 2030. Light & ultralight aircraft market growth would be driven by the rising demand for these aircraft for commercial flight operations, transport of cargo, recreational sports, charter flights, tourism, and medical activities. In addition to the previously mentioned applications of light and ultralight aircraft, they are used for surveys, mapping, and imaging in the agricultural, environmental, and defense sectors. Technological advancements in unmanned aerial vehicles (UAVs) have increased the demand in the defense sector for critical operations without sacrificing the lives of military personnel. UAVs also aid in the monitoring of borders and conflict areas. The advent of artificial intelligence, big data, and other advanced surveillance systems will drive the development of the light & ultralight aircraft market by enhancing the operation and functioning of aircraft.

Market Overview:

A machine that is capable of flying is known as aircraft. Some aircraft types are hot air balloons, helicopters, airplanes, powered parachutes, and jets. Light and ultralight aircraft is a niche segment of the aircraft sector. A light aircraft can be defined as an aircraft with a maximum gross take-off limit of 5760 kgs or less. A maximum gross take-off limit varies from aircraft to aircraft, and it is the maximum amount of weight the aircraft can carry while taking off. The variation in the ability of different aircraft to carry different weights arises from the structural or other limits of the aircraft. Ultralight aircraft has a permissible limit of 120 kgs or less as its gross take limit. The reduction in weight of light and ultralight aircraft makes them faster without compromising on their strength. Faster aircraft burn less fuel; light and ultralight aircraft help reduce emissions and conserve the environment. Light and ultralight aircraft are efficient as they use fewer movable parts in manufacturing and assemblage. Less portable and reduced sophistication makes light and ultralight aircrafts inexpensive compared to conventional aircraft. Given the cheap, simple, fast, and efficient nature of light and ultralight aircraft, they are increasingly used for aerial surveying, light cargo operations, business travel, passenger transport, pilot training, recreational activities, air sports, and medical emergencies, among other things. The growing applications of light and ultralight aircraft will contribute to the market's growth during the forecast period.

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Market Dynamics:

Drivers:
  • The increasing demand for light and ultralight aircrafts

Light and ultralight aircraft are lightweight and involve fewer moving parts, making them inexpensive. The inexpensive nature of light and ultralight aircraft is the primary driver for the rising demand for these aircraft worldwide. Light and ultralight aircraft are being demanded across sectors for various purposes. They are used for land survey and mapping in agriculture, light cargo transport in the commercial industry, business travel in the service sector, and passenger taxis in the consumer sector, among other applications. The increasing demand for UAVs for monitoring, surveillance, aerial photography, asset inspection, emergency response, and product deliveries will also drive the global light and ultralight aircraft market.

Restraints:
  • Lax safety regulations

To make the light and ultralight aircrafts lightweight, they are not equipped with advanced safety avionics, unlike the conventional aircraft. In many economies, the lack of regulatory guidelines governing the sale, purchase, and licensing leads to aircraft accidents. The shortage of skilled aircraft pilots without proper safety clearance puts the passenger, cargo, and pilots at risk. The growing number of accidents concerning light and ultralight aircraft due to structural limits and lax safety regulations will hamper the market's growth.

Opportunities:
  • Technological advancements and product innovations

The rising concerns of owners and operators of the light and ultralight aircraft regarding the degrading safety standards in the industry have led to an increase in research and development of better aircraft carriers with improved quality, safety, and comfort. The increasing investments in enhancing the aircraft's avionics will provide lucrative opportunities for market players with an expanding customer base. The induction of AI in light & ultralight aircraft is also gaining traction with increased R&D globally. AI enables light & ultralight aircraft to expand their scope of surveillance and improve their target identification with better imaging and navigation. Such technological advancements and product innovations will provide growth prospects for the market during the forecast period.

Challenges:
  • A difficult recovery after the pandemic

The covid 19 induced lockdowns and other restrictions impacted industries on different scales. The aviation industry was amongst the worst hit during the pandemicdue to the border controls at the inter-state and intra-state levels, bringing the  aviation sector to a standstill. The light and ultralight aircraft industry also decreased demand during the pandemic. The supply chain disruptions also adversely impacted the manufacture of light and ultralight aircraft. The negative growth of the light and ultralight market worsened further because of the ongoing US-China trade war and the Russia-Ukraine war. Given the uncertainty concerning the recovery of the global economy, the light and ultralight aircraft market will face a difficult challenge to get back to the pre-pandemic production and sales levels.

Segmentation Analysis:

The global light & ultralight aircraft market has been segmented based on aircraft type, propulsion system, technology, application, and regions.

  • The aircraft type segment is divided into light and ultralight. The light aircraft segment dominated the market, with a market share of around 63% in 2021. Light aircraft are inexpensive compared to conventional aircraft; however, it provides better air mobility than traditional aircraft. Light aircraft are faster, cheaper, efficient, and lightweight. Light aircraft can carry lightweight cargo faster than conventional aircraft. Light aircraft support aerial surveying and commercial and medical transport, among other things, at a lesser cost. It utilizes less fuel, resulting in fewer carbon emissions and a better environment. The growing applications of light aircraft will also contribute to its dominance in the aircraft type segment in 2021.
  • The propulsion system segment is divided into conventional and electric-hybrid. Over the forecast period, the electric-hybrid segment is expected to grow at the fastest CAGR of 5.74%. The growing climate change concerns have prompted official authorities and market players to curate ideas, products, and commodities that and environmentally friendly and sustainable. The mobility sector, including public transport, private transport, commercial transport, sea, and air transport, are significant contributors to carbon emissions. The urgent need to reduce carbon emissions has directed efforts of the aviation sectors toward building aircraft that are powered entirely or partially by electricity. The shift from conventional fuels will drive the electric-hybrid segment during the forecast period.
  • The technology segment is divided into conventional take-off and landing (CTOL) and vertical take-off and landing (VTOL). In 2021, the conventional take-off and landing (CTOL) segment dominated the market, accounting for around 78% of global revenue. Conventional take-off and landing require an airstrip for the aircraft to take off and land. VTOL is a nascent technology that is not very well-established in the market. Therefore, CTOL is the primary technology that dominates the market.
  • The application segment is divided into civil & commercial, and military. In 2021, the civil and commercial segment dominated the market, accounting for around 58% of global revenue. The growing applications of light and ultralight aircraft in the civil & commercial sectors are attributed to the dominance of this segment in the market.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the most significant global light & ultralight aircraft market, with a 38.34% market revenue share in 2021.

  • North America currently dominates the light & ultralight aircraft market due to the more prominent presence of significant market players in the region. The increasing public investment by the US and Canada to develop UAVs will also contribute to the region's growth. The defense and strategic alliances with other countries have led to defense collaborations resulting in the development high-end light & ultralight aircraft. Significant private defense manufacturers who research and develop high-end, sophisticated, and effective light & ultralight aircraft also contribute to North America's dominance in the market.

North America Region Light & Ultralight Aircraft Market Share in 2021 - 38.34%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global light & ultralight aircraft industry.

Textron Inc. and Bell aircraft brands announced in March 2022 that they had agreed to buy Pipistrel, a significant market player in the light and ultralight aircraft industry.

List of Key Market Players:

  • Textron Inc.
  • Pilatus Aircraft Ltd.
  • Cirrus Aircraft
  • Piper Aircraft Inc.
  • Costruzioni Aeronautiche TECNAM
  • Autogyro GmbH
  • Quicksilver Aircraft
  • American Legend Aircraft Co.
  • Evektor-Aerotechnik
  • P&M Aviation

Key Target Audience

  • Original Equipment Manufacturers
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)

Report Description:

  • Global Light & ultralight aircraft market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered the historic years and 2022 to 2030 are the forecast years. The global light & ultralight aircraft market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each segment, region, and country catering to the global light & ultralight aircraft market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of light & ultralight aircraft-based on aircraft type, propulsion system, technology, application, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global light & ultralight aircraft market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global light & ultralight aircraft market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter's five forces analysis coupled with SWOT analysis to provide business related data and information. Porter's five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company's growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related, i.e., global light & ultralight aircraft market) are covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the light & ultralight aircraft market was valued at USD 6.54 billion in 2021 to USD 9.87 billion by 2030.

The global light & ultralight aircraft market is growing at a CAGR of 4.69% during the forecast period 2022-2030.

The global light & ultralight aircraft market has been segmented based on aircraft type, propulsion system, technology, application, and regions. The light aircraft segment led the market in 2021.

The North American region emerged as the largest market for the light & ultralight aircraft.

The increasing demand for light and ultralight aircrafts will influence the market's growth.

Lax safety regulations could hamper market growth.

Technological advancements and product innovations will provide considerable opportunities to the market.

Key players are Textron Inc., Pilatus Aircraft Ltd., Cirrus Aircraft, Piper Aircraft Inc., Costruzioni Aeronautiche TECNAM, Autogyro GmbH, Quicksilver Aircraft, American Legend Aircraft Co., Evektor-Aerotechnik, and P&M Aviation.

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  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
  • We can split the company market share on the basis of product, application and region
  • Report can be prepared for any specific country/region/segment
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Aircraft Type
          4.3.2. Market Attractiveness Analysis by Propulsion System
          4.3.3. Market Attractiveness Analysis by Technology
          4.3.4. Market Attractiveness Analysis by Application
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing demand for light and ultralight aircrafts
    5.3. Restraints
          5.3.1. Lax safety regulations
    5.4. Opportunities
          5.4.1. Technological advancements and product innovations
    5.5. Challenges
          5.5.1. A difficult recovery after the pandemic

6. Global Light & Ultralight Aircraft Market Analysis and Forecast, By Aircraft Type
    6.1. Segment Overview
    6.2. Light Aircraft
    6.3. Ultralight Aircraft

7. Global Light & Ultralight Aircraft Market Analysis and Forecast, By Propulsion System
    7.1. Segment Overview
    7.2. Conventional
    7.3. Electric-Hybrid

8. Global Light & Ultralight Aircraft Market Analysis and Forecast, By Technology
    8.1. Segment Overview
    8.2. Conventional Take-Off and Landing (CTOL)
    8.3. Vertical Take-Off and Landing (VTOL)

9. Global Light & Ultralight Aircraft Market Analysis and Forecast, By Application
    9.1. Segment Overview
    9.2. Civil & Commercial
    9.3. Military

10. Global Light & Ultralight Aircraft Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Light & Ultralight Aircraft Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Light & Ultralight Aircraft Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Textron Inc.
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Pilatus Aircraft Ltd.
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Cirrus Aircraft
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Piper Aircraft Inc.
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Costruzioni Aeronautiche TECNAM
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Autogyro GmbH
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Quicksilver Aircraft
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. American Legend Aircraft Co.
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Evektor-Aerotechnik
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. P&M Aviation
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
 

List of Table

1. Global Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

2. Global Light Aircraft Light & Ultralight Aircraft Market, By Region, 2019-2030 (USD Billion) 

3. Global Ultralight Aircraft Light & Ultralight Aircraft Market, By Region, 2019-2030 (USD Billion) 

4. Global Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

5. Global Conventional Light & Ultralight Aircraft Market, By Region, 2019-2030 (USD Billion) 

6. Global Electric-Hybrid Light & Ultralight Aircraft Market, By Region, 2019-2030 (USD Billion) 

7. Global Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

8. Global Conventional Take-Off and Landing (CTOL) Light & Ultralight Aircraft Market, By Region, 2019-2030 (USD Billion) 

9. Global Vertical Take-Off and Landing (CTOL) Light & Ultralight Aircraft Market, By Region, 2019-2030 (USD Billion) 

10. Global Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

11. Global Civil & Commercial Light & Ultralight Aircraft Market, By Region, 2019-2030 (USD Billion) 

12. Global Military Light & Ultralight Aircraft Market, By Region, 2019-2030 (USD Billion) 

13. Global Light & Ultralight Aircraft Market, By Region, 2019-2030 (USD Billion) 

14. North America Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

15. North America Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

16. North America Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

17. North America Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

18. U.S. Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

19. U.S. Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

20. U.S. Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

21. U.S. Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

22. Canada Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

23. Canada Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

24. Canada Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

25. Canada Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

26. Mexico Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

27. Mexico Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

28. Mexico Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

29. Mexico Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

30. Europe Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

31. Europe Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

32. Europe Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

33. Europe Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

34. Germany Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

35. Germany Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

36. Germany Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

37. Germany Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

38. France Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

39. France Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

40. France Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

41. France Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

42. U.K. Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

43. U.K. Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

44. U.K. Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

45. U.K. Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

46. Italy Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

47. Italy Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

48. Italy Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

49. Italy Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

50. Spain Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

51. Spain Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

52. Spain Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

53. Spain Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

54. Asia Pacific Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

55. Asia Pacific Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

56. Asia Pacific Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

57. Asia Pacific Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

58. Japan Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

59. Japan Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

60. Japan Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

61. Japan Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

62. China Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

63. China Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

64. China Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

65. China Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

66. India Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

67. India Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

68. India Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

69. India Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

70. South America Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

71. South America Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

72. South America Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion)

73. South America Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion)

74. Brazil Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

75. Brazil Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

76. Brazil Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

77. Brazil Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion)

78. Middle East and Africa Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

79. Middle East and Africa Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

80. Middle East and Africa Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

81. Middle East and Africa Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion)

82. UAE Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

83. UAE Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

84. UAE Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

85. UAE Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion)

86. South Africa Light & Ultralight Aircraft Market, By Aircraft Type, 2019-2030 (USD Billion) 

87. South Africa Light & Ultralight Aircraft Market, By Propulsion System, 2019-2030 (USD Billion) 

88. South Africa Light & Ultralight Aircraft Market, By Technology, 2019-2030 (USD Billion) 

89. South Africa Light & Ultralight Aircraft Market, By Application, 2019-2030 (USD Billion) 

List of Figures 

1. Global Light & Ultralight Aircraft Market Segmentation

2. Light & Ultralight Aircraft Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Light & Ultralight Aircraft Market Attractiveness Analysis by Aircraft Type

9. Global Light & Ultralight Aircraft Market Attractiveness Analysis by Propulsion System

10. Global Light & Ultralight Aircraft Market Attractiveness Analysis by Technology

11. Global Light & Ultralight Aircraft Market Attractiveness Analysis by Application

12. Global Light & Ultralight Aircraft Market Attractiveness Analysis by Region

13. Global Light & Ultralight Aircraft Market: Dynamics

14. Global Light & Ultralight Aircraft Market Share by Aircraft Type (2022 & 2030)

15. Global Light & Ultralight Aircraft Market Share by Propulsion System (2022 & 2030)

16. Global Light & Ultralight Aircraft Market Share by Technology (2022 & 2030)

17. Global Light & Ultralight Aircraft Market Share by Application (2022 & 2030)

18. Global Light & Ultralight Aircraft Market Share by Regions (2022 & 2030)

19. Global Light & Ultralight Aircraft Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global light & ultralight aircraft market based on below-mentioned segments:

Global Light & Ultralight Aircraft Market by Aircraft Type:

  • Light Aircraft
  • Ultralight Aircraft

Global Light & Ultralight Aircraft Market by Propulsion System:

  • Conventional
  • Electric-Hybrid

Global Light & Ultralight Aircraft Market by Technology:

  • Conventional Take-Off and Landing (CTOL)
  • Vertical Take-Off and Landing (VTOL)

Global Light & Ultralight Aircraft Market by Application:

  • Civil & Commercial
  • Military

Global Light & Ultralight Aircraft Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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