Luton, Bedfordshire, United Kingdom, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Ultralight And Light Aircraft Market.
The global Ultralight And Light Aircraft market has reached a valuation of US$ 5.40 billion in 2020 and is forecasted to move ahead at a CAGR of 7.9% to reach US$ 8.67 billion by the end of 2029.
The growing use of unmanned aerial vehicles (UAVs) to combat terrorism is propelling the ultralight and light aircraft market forward. UAVs are utilized in military missions when pilots could be killed. These operations, known as the three Ds Dull, Dirty, and Dangerous are best carried out by unmanned aerial vehicles (UAVs) that can operate remotely or independently. UAVs range and altitude capabilities have improved, allowing them to carry out military operations with the same precision as manned aircraft but posing far fewer hazards.
UAV technological advancements have extended their applicability in many sectors, resulting in a growth opportunity for the ultralight and light aircraft market around the world. Recent technical breakthroughs have paved the way for the creation of semi-autonomous to completely autonomous UAVs that are small, light, and equipped with motion-detecting sensors.
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Industry News:
Cirrus Aircraft Celebrates Over Three Decades at EAA Air Venture Oshkosh with Best Selling SR Series, Vision Jet and World-Class Services
JULY 27, 2022 Cirrus Aircraft joins EAA Air Venture Oshkosh with a display of seven best-selling SR Series and Vision Jet aircraft showcasing a variety of the company’s distinguished models and compelling deliveries. In partnership with United Aviate Academy, Cirrus Aircraft’s display includes the TRAC20 SR for advanced flight training, customized with United Aviate Academy branding.
Regional Dominance: Middle East and Africa is expected to hold the largest share of the global ultralight and light aircraft market.
The surge in aircraft deliveries from the Middle East is largely due to an increase in light aircraft orders from the world is driving the market growth.
Middle East and Africa is expected to hold the largest share of the global ultralight and light aircraft market. The surge in aircraft deliveries from the Middle East is largely due to an increase in light aircraft orders from the world. The market growth of the overall Latin American ultralight and light aircraft market is being driven by an increase in deliveries of ultralight and light aircraft from the area. Furthermore, significant expansion in trade and tourism is one of the key factors expected to drive regional demand for ultralight and light aircraft. The increase in VVIP and corporate transportation in the region, as well as the tourism industry, are driving market expansion in Africa. A key impetus for the rise in ultralight and light aircraft to Africa is an increase in orders for ultralight and light aircraft from the region.
Product Portfolio: The Company has a product portfolio of Ultralight And Light Aircrafts Market that includes:
Ultralight And Light Aircrafts Market: Growing competition among key players, increasing horizontal and vertical expansion is further expected to fuel the growth of Ultralight And Light Aircrafts Market.
Key players operating the global Cirrus Aircraft, Costruzioni Aeronautiche TECNAM, Flight Design General Aviation, Pilatus, Piper Aircraft, Textron, P&M Aviation, PIPISTREL d.o.o., CubCrafters, Autogyro GmbH.
Ultralight And Light Aircrafts Market Scope: Discount on report
| Ultralight And Light Aircrafts Market | |||
| Report Coverage of Ultralight And Light Aircrafts Market | Details | ||
| Base Year: | 2021 | Forecast Period: | 2020 |
| Historical Data: | 2017-2021 | 5.40 Billion in 2020 | USD 5.40 Billion |
| Forecast Period 2022 to 2029 CAGR: | 7.9% | Market Size in 2029 | USD 8.67 Billion |
| Key Market Segments: | By Type |
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| By Application |
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Browse Detailed Research Insights with TOC:
https://exactitudeconsultancy.com/reports/5476/ultralight-and-light-aircraft-market/
Market Challenges
Acceptance of UAVs in urban areas is a challenge for market growth. The use of unmanned aerial vehicles (UAVs) for commercial and civil purposes is also subject to governmental authorisation. It is also influenced by air traffic restrictions placed by various countries on the flight of UAVs in their airspace, as well as the population’s acceptance of UAVs. The lack of public understanding about the benefits of UAVs is also predicted to be a barrier to the global expansion of the ultralight and light aircraft market.
Key questions answered in this report:
- What are the growth rate forecast and market size for Ultralight And Light Aircrafts?
- What is the key driving factors propelling the Ultralight And Light Aircrafts forward?
- What are the most important companies in the Ultralight And Light Aircrafts Industry?
- What segments does the Ultralight And Light Aircrafts cover?
- How can I receive a free copy of the Ultralight And Light Aircrafts sample report and company profiles?
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