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Ultra light Aircraft Market Share, Growth, Trends, Forecast 2027

06-02-2020 10:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: TMR
Global Ultra-light Aircraft Market - Introduction

Ultra-light aircraft are lightweight aircraft with the capacity to carry one or two individuals, which weigh around 200-750 kilograms
Ultra-light aircraft are used in travelling short-range distance and at low altitudes. They are largely used for sports and recreational activities.
Increase in Recreational Activities to Drive Global Ultra-light Aircraft Market
Increasing interest of people in sports and recreational activities promotes growth of the global ultra-light aircraft market
Owing to the low weight and reduced seating capacity of ultra-light aircraft, the cost of a basic ultra-light aircraft is much lower than that of a normal aircraft. This, in turn, fuels the demand for ultra-light aircraft for use in sports and other recreational activities.

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Increasing Use in Defense Sector to Drive Global Ultra-light Aircraft Market

Security of a country is one of the most important concerns for the military & defense sector in the country. In the military & defense sector, ultra-light aircraft are used for surveillance and monitoring of border areas.
In hilly areas, where vehicles are unable to monitor borders and enemy activities, ultra-light aircraft are much useful
Moreover, rise in investments by governments and increasing budget for the military & defense sector drives the global ultra-light aircraft market
North America to Lead Global Ultra-light Aircraft Market
In terms of region, the global ultra-light aircraft market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
North America is anticipated to hold a significant share of the global ultra-light aircraft market during the forecast period. It is estimated to be followed by Europe in the near future. Dominance of North America is attributable to high demand for ultralight aircraft and risen spending of people in the region on recreational activities.

The ultra-light aircraft market in Asia Pacific is projected to expand at a rapid pace, led by increase in commercial applications of ultra-light aircraft. The market in Middle East & Africa and South America is expected to expand at a moderate pace in the near future. Middle East & Africa and South America offer high potential for growth of the ultra-light aircraft market.

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Key Players in Global Market

Prominent players operating in the global ultra-light aircraft market are focusing on technological advancements and expansions to meet the rising demand for ultra-light aircraft. Key players operating in the global ultra-light aircraft market are:

G1 Aviation
AutoGyro GmbH
TL-ULTRALIGHT, s.r.o.
Aeropro s.r.o.
Quicksilver Aircraft

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

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