Global ULM Aircraft Market is anticipated to grow at a higher CAGR in the forthcoming period. ULM aircraft, also known as ultralight aviation, is mainly used for recreational and sports purpose. It is basically flying lightweight 1 or 2 seat fixed wing aircraft. With the commercial rising importance of ULM aircraft for flying within restricted airspaces or within a limited geography, the market is expected to explore untapped potential opportunities across the world.
The factors responsible for the growth of ULM Aircraft Market include rise in recreational spending, minimal cost of acquisition, versatility in pilot training. However, factors such as economic slowdown and safety concerns are likely to hamper the growth of industry.
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Based on segmentation by type, the ULM Aircraft Market includes fixed wing, flex wing and rotary wing. Fixed wing is segmented into microlight, light sport aircraft and seaplane. Flex wing is further segmented into trike, powered paraglider (PPG), hang glider and ultralight glider. Based on segmentation by engine type, the ULM Aircraft Industry includes fuel powered and electric. Electric ULM aircraft is expected to dominate the market owing to rising demand. Based on segmentation by application, the market includes recreation, commercial and defense. Recreation segment is expected to gain a significant share owing to rise in adventure sports and recreational spending in emerging market.
Geographical segmentation for ULM Aircraft Market includes North America, Latin America, Europe, Asia-Pacific, Middle-East, and Africa. European market is anticipated to grow at a higher CAGR in the forthcoming period owing to technological innovation in aircraft industry. The other factors such as favorable opportunities for market do contribute to the market growth.
The key players in the ULM Aircraft Market include Costruzioni Aeronautiche Tecnam S.R.L, Flight Design GmbH, Cub Crafters Inc, Pipistrel D.O.O Ajdovseina, Ekolot, Ekolot Topaz, Fly Synthesis, HUMBERT AVIATION, Evektor spol s.r.o, ROKO Airplanes, Kolb Aircraft, Aeropro s.r.o, Jabiru Aircraft Pvt Ltd, P&M Aviation and Quicksilver Aircraft.
Costruzioni Aeronautiche Tecnam S.R.L possess a Tecnam P2002JF which is a twin-seat trainer aircraft built by Costruzioni Aeronautiche to meet basic needs of pilot training. The aircraft can be used for surveillance and personal transportation mission. According to the latest news, Aerotec Argentina placed an order to deliver Tecnam P2002JF single-seat trainers to the Military Aviation Academy of the Argentina Air Force in September 2016. Further, the P2002JF aircraft is certified according to the rules of Argentina Civil Aviation Authority and EASA CS-VLA.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of ULM Aircraft in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global ULM Aircraft market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• ALPI AVIATION
• BRM AERO
• COMCO IKARUS
• Czech Sport Aircraft
• Direct Fly
• Ekolot Topaz
• Euro Fly
• Fisher Flying Products
• Flight Design
• Fly Synthesis
• HUMBERT AVIATION
• Just Aircraft
• Kolb Aircraft
• M-Squared Aircraft
• Murphy Aircraft
• ROKO AIRPLANES
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Piston Engine
• Electric Motor
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Leisure Activities
• Geotechnical Surveys
Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/automotive-and-transport
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