Ultralight and Light Aircraft Market

The ultralight and light aircraft market is estimated at USD 7.1 billion in 2018 and is projected to reach USD 13.9 billion by 2030, at a CAGR of 5.80% from 2018 to 2030

[155 Pages Report] The ultralight and light aircraft market is estimated at USD 7.1 billion in 2018 and is

projected to reach USD 13.9 billion by 2030, at a CAGR of 5.80% from 2018 to 2030. Factors expected to fuel the growth of the ultralight and light aircraft market include the increasing demand for recreational flights and deliveries of Unmanned Aerial Vehicles (UAVs). The global deliveries of ultralight and light aircraft are increasing due to the demand for air taxi and urban air mobility.

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In January 2019, Bell Helicopter, a Textron company (US), revealed the configuration and full-scale Vertical-takeoff-and-landing (VTOL) air taxi vehicle during CES 2019. The air taxi, Bell Nexus, is powered by a hybrid-electric propulsion system and features Bell’s signature powered lift concept incorporating six tilting ducted fans that are designed for safe and efficient air travel.

In October 2018, the Pilatus (Switzerland) opened a new facility in Broomfield, Colorado US for PC-12 and PC-24 light aircraft models which is expected to enhance the company’s production capacity. In January 2017, Pilatus announced signing 3 PC-21 fleet orders, for a total of 21 PC-21s, of which 17 are for the French Air Force and 2 each for the Royal Jordanian Air Force and QinetiQ. Together, these orders are worth over USD 292.7 million.