Press release
Ultralight Aircraft Market Growth, Size, Share, Industry Report and Forecast to 2025
Ultralight Aircraft Market size in 2018 was over USD 4 billion and is estimated to grow at around 14 CAGR from 2019 to 2025.Increasing addiction to recreational activities is a key factor driving the growth of the global ultralight aircraft market growth. It is also accelerating the market growth as the demand for ultra-light aircraft for various sports and recreational activities is soaring. In addition, due to the low weight and high speed of these aircraft, demand in the commercial and military sectors increased at a significant rate. In addition, reduced operating costs, reduced maintenance and economical purchasing drive market growth. In addition, the use of ultralight aircraft for defense activities such as search and rescue and intelligence activities and the use of these aircraft for short aviation courses for training purposes has a positive impact on the market growth. However, safety issues for pilots and passengers, lack of skilled pilots, and lack of standardization are the major constraints of the ultralight aircraft market. Conversely, technological advances and training in safety options for pilots and passengers are expected to provide a favorable opportunity for players in the ultralight aircraft industry.
A full report of Ultralight Aircraft Market is available at: https://www.orionmarketreports.com/ultralight-and-light-aircraft-market/43587/
Ultralight Aircraft Market: Competitive Players
The key market players that are involved in the ultralight aircraft market include Aeropro s.r.o, Cub Crafters, Inc., Evektor, Spol. s.r.o, American Legend Aircraft Co., Costruzioni Aeronautiche Tecnam s.r.l., Cirrus Design Corporation, Quicksilver Aircrafts, Flight Design General Aviation GmbH., Jabiru Aircraft Pty. Ltd., P&M Aviation, Pipistrel d.o.o., and ATEC, v.o.s.
Ultralight Aircraft Market: Segmentation
By Material
• Aluminum
• Composites
• Others
By Aircraft Type
• Fixed Wing
• Flex Wing
• Rotary Wing
By Engine Type
• Fuel Engine
• Electric Engine
By Application
• Recreation
• Commercial
• Military
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Ultralight Aircraft Market Report
• What was the Ultralight Aircraft Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Ultralight Aircraft Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Ultralight Aircraft Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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