One-man Flight Vehicle Market Update 2023: Projected to Exhibit USD 3.06 Billion Revenue by 2031, Claims AMR

According to the report published by Allied Market Research, the global one-man flight vehicle market generated $2.5 billion in 2021, and is projected to reach $4.4 billion by 2031, growing at a CAGR of 6% from 2022 to 2031.

The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

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Segments Covered Range, Propulsion, Take-off, End Use, and Region.
Drivers Low cost of acquisition and maintenance of one-man flight vehicles and absence of regulations restricting people to fly a one-man flight vehicle in particular regions.
Use of one-man flight vehicles in recreational and sports activities.
Surge in disposable income and delays in delivery of conventional aircrafts.
Opportunities Increase in sports and tourism activities.

Based on take-off, the CTOL segment held the major market share in 2021, holding more than three-fourths of the global one-man flight vehicle market share, and is expected to maintain its leadership status during the forecast period. However, the VTOL segment, is expected to cite the fastest CAGR of 6.9% during the forecast period.

Based on end use, the civil and commercial segment held the largest market share in 2021, accounting for more than three-fifths of the global one-man flight vehicle market share, and is expected to maintain its leadership status during the forecast period. Moreover, the civil and commercial segment, is expected to cite the highest CAGR of 6.4% during the forecast period. The report also includes military segment.

In terms of range, the less than 100 miles segment held the major market share in 2021, contributing to nearly two-fifths of the global one-man flight vehicle market share and is predicted to continue its dominance over the forecast period. Moreover, the same segment is expected to cite the fastest CAGR of 6.7% during the forecast period. The report also includes 100 to 300 miles and more than 300 miles segments.

Based on propulsion, the conventional propulsion segment held the major market share in 2021, contributing to more than two-thirds of the global one-man flight vehicle market share, and is expected to maintain its leadership position during the forecast period. However, the electric and hybrid segment, is expected to cite the fastest CAGR of 6.4% during the forecast period.

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Region-wise, the North American region held the major market share in 2021, holding nearly one-third of the global one-man flight vehicle market share and is expected to maintain its leadership status during the forecast period. However, the Asia-Pacific region is expected to cite the fastest CAGR of 7.1% during the forecast period. The report also analyses other regions such as Europe and LAMEA.

The key players analyzed in the global one-man flight vehicle market report include AutoGyro GmbH, Pilatus Aircraft Ltd., Pipistrel Aircraft, Textron Inc., Volocopter GmbH, Cirrus Aircraft, Vulcanair Aircraft, Piper Aircraft, Neva Aerospace Ltd., and The Boeing Company.

Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the one-man flight vehicle market analysis from 2021 to 2031 to identify the prevailing one-man flight vehicle market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the one-man flight vehicle market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the analysis of the regional as well as global one-man flight vehicle market trends, key players, market segments, application areas, and market growth strategies.

Know More- https://www.globenewswire.com/news-release/2022/11/11/2554308/0/en/One-Man-Flight-Vehicle-Market-Size-to-Reach-4-4-Billion-by-2031-Allied-Market-Research.html

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