One-Man Flight Vehicle Market Valued at $2.5 Billion in 2021, Projected to Reach $4.4 Billion by 2031, Growing at a CAGR of 6% from 2022 to 2031

According to a new report published by Allied Market Research, titled, "One-man Flight Vehicle Market,"𝐓𝐡𝐞 𝐨𝐧𝐞-𝐦𝐚𝐧 𝐟𝐥𝐢𝐠𝐡𝐭 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟐.𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟏, 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟒.𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟔% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟑𝟏.

Asia Pacific dominated the one man flight vehicle market in terms of growth, followed by Europe, North America, and LAMEA. The U.S. dominated the market share in 2021.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/9468

The one man flight vehicle market is expected to undergo a major shift in the coming years. Optimizing supply chain, streamlining manufacturing processes, increasing pace of deliveries and catering to a larger audience are some of the pressing concerns of market. The market has grown quickly as a result of leading market participants investing in development of lightweight aircrafts that can be used in civil, government, and military markets to meet the rise in demand for one man flight vehicle. Low cost of operation and acquisition has allowed all these sectors to have specific needs to support business opportunities. Within the commercial segment, the one man flight vehicle is used for business, recreational or personal purpose, followed by government sector that use one man flight vehicle for law-and-order activities. The military sector majorly uses one man flight vehicle for training, and intelligence, surveillance and reconnaissance (ISR) purpose.

The demand for one man flight vehicle was steadily increasing, but the market was notably hit by COVID-19. Even the largest one man flight vehicle manufacturers faced operating problems, owing to supply chain disruptions and restricted site access. Numerous governments imposed a countrywide lockdown, forcing businesses to shut down their factories. Defense firms were immediately impacted by extended state of lockdown in some nations, which forced them to put off ordering aircraft and their suppliers. In addition, demand for one man flight vehicle was affected by sudden decline in tourism and recreational activities. Increase in cost of storing aircraft has put a significant financial strain on market participants.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/one-man-flight-vehicle-market/purchase-options

The one man flight vehicle market is segmented on the basis of range, propulsion, takeoff, end use, and region. By range, it is categorized into less than 100 miles, 100 to 300 miles, and more than 300 miles. The propulsion segment is further sub divided into conventional propulsion and electric & hybrid propulsion. Depending on takeoff, the market is fragmented into commercial takeoff and landing (CTOL) and vertical takeoff and landing (VTOL). The end use segment is bifurcated into civil and commercial & military. Region wise, the one man flight vehicle market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Factors such as low cost of acquisition and maintenance, and absence of regulatory norms limiting civilians to fly a one man flight vehicle in certain regions. Placement of one man flight vehicle in recreational and sports activities are backed by increasing expenditure trends by civilians across the globe to support business opportunities within the region. Rise in disposable income across the globe and increase in delays in delivery of conventional aircraft is expected to impact one man flight vehicle in a positive manner to a certain extent. Rise in sports, tourism, and recreational activities post COVID-19 is supporting business opportunities within the segment. In Q1 2022, there were an expected 117 million foreign visitors, up from 41 million in Q1 2021, an increase of 182% year over year. About 47 million of the additional 76 million overseas arrivals were counted in March 2022.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :

By range, the Less than 100 miles segment leads the market during the forecast period

By propulsion, the conventional propulsion segment leads the market during the forecast period

By takeoff, the VTOL segment is expected to grow at lucrative growth rate during the forecast period (2022-2031)

By end use, the civil and commercial segment leads the market during the forecast period.

Asia Pacific dominated the one man flight vehicle market in terms of growth, followed by Europe, North America, and LAMEA

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/9468

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

AutoGyro,
Pilatus Aircraft Ltd,
Pipistrel,
Textron Inc,
VOLOCOPTER GMBH,
Cirrus Aircraft,
Vulcanair,
Piper Aircraft,
Neva Aerospace,
Boeing among others.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

David Correa
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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.