DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gk8r4s/ultralight) has announced the addition of the "Ultralight Aircraft Market - Global Forecast & Analysis to 2015 - 2020" report to their offering.
In terms of value, the global ultralight aircraft market is estimated to be USD 301.62 Million in 2015, and grow at a CAGR of 5.23% from 2015 to 2020.
The ultralight aircraft market is broadly classified into aircraft type, engine type, and application. In the market based on the aircraft type, the fixed wing segment is projected to account for the largest market share. The market for flex wing is expected to grow at the highest CAGR during the forecast period. A high demand for flex wing ultralights is attributed to reliability, cost-effectiveness, and longer range of these aircraft compared to other types.
On the basis of applications, the recreation segment is expected to account for the largest market share owing to the growth in adventure sports and recreational spending in developed and emerging markets. Recreational flying has become an upcoming sport in regions such as Europe and the Middle East.
In 2015, the ultralight aircraft market is estimated to be led by Europe, whereas emerging markets such as the Middle East would witness highest growth. This high growth rate can be attributed to rising recreational and sports spending over the past few years.
A number of factors including low cost of acquisition, maintenance, and operation; growth in adventure sports and recreational spending; and versatility in pilot training offered by ultralight aircraft are expected to drive the ultralight aircraft market.
Factors such as night vision capabilities and improved pilot licensing are expected to provide growth opportunities for the ultralight aircraft market. In contrast to this, factors such as economic slowdown and safety concerns are projected to restrict the growth of the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Ultralight Aircraft Market, By Aircraft Type
8 Ultralight Aircraft Market, By Application
9 Ultralight Aircraft Market, By Engine Type
10 Ultralight Aircraft Market, By Region
11 Competitive Landscape
12 Company Profiles
- Aeropro S.R.O.
- American Legend Aircraft Co.
- Costruzioni Aeronautiche Tecnam S.R.L.
- Cub Crafters, Inc.
- Evektor, Spol. S.R.O.
- Flight Design Gmbh
- Jabiru Aircraft Pty. Ltd.
- P&M Aviation
- Pipistrel D.O.O. Ajdovcina
For more information visit http://www.researchandmarkets.com/research/gk8r4s/ultralight