United States

Very Light Aircraft Market to Reach US$ 19.2 Billion by 2030, Poised for Significant Growth Amidst Rising Demand for Personal and Business Aviation

The global very light aircraft market is expected to reach US$ 19.2 billion by 2030, with an annual growth rate of more than 5.8%.

Wilmington, Delaware, Nov. 17, 2023 (GLOBE NEWSWIRE) — According to

Global Very Light Aircraft Market: Segmental and Market Share Analysis

  • On the basis of application, civil and commercial segment is anticipated to dominate the global very light aircraft market. As it provides essential services for people and businesses, connecting cities and countries across the globe.

Report Synopsis

Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 12.9 billion
Market Size Forecast US$ 19.2 billion
Growth Rate 5.8%
Dominant Segment Civil and commercial
Dominant Region Asia Pacific
Key Market Drivers
  • Emerging markets
  • Technological advancements
  • Cost effectiveness
Companies Profiled
  • Cirrus Aircraft
  • Vulcanair
  • Legend Aero
  • P&M Aviation
  • Evektor
  • VOLOCOPTER GMBH
  • Textron Inc.
  • Pipistrel
  • Pilatus Airraft Ltd.
  • AutoGyro

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global Very Light Aircraft market include.

  • In February 2023, Tata Sons signed a letter of intent to purchase 250 planes from European manufacturer Airbus. Air India intended to grow its fleet and global network over the following five years, with the goal of increasing its market share to 30% on both domestic and international routes from India.

Some of the prominent players and suppliers operating and contributing significantly to the global Very Light Aircraft market growth include Cirrus Aircraft, Vulcanair, Legend Aero, P&M Aviation, Evektor, VOLOCOPTER GMBH, Textron Inc., Pipistrel, Pilatus Aircraft Ltd., and AutoGyro, among others.

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RationalStat has segmented the global Very Light Aircraft market based on type, application and region

  • Global Very Light Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
    • Manned
    • Unmanned
  • Global Very Light Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
    • Civil and Commercial
    • Military
  • Global Very Light Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
    • North America Very Light Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
      • US
      • Canada
    • Latin America Very Light Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe Very Light Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe Very Light Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
      • Russia
      • Poland
      • Hungary
      • Other CIS Countries
      • Rest of Eastern Europe
    • Asia Pacific Very Light Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • ASEAN
        • Indonesia
        • Thailand
        • Philippines
        • Vietnam
        • Malaysia
        • Rest of ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa Very Light Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
      • GCC
        • Saudi Arabia (KSA)
        • United Arab Emirates (UAE)
        • Rest of the GCC
      • South Africa
      • Nigeria
      • Turkey
      • Rest of the Middle East & Africa

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Key Questions Answered in the Very Light Aircraft Report:

  • What will be the market value of the global Very Light Aircraft market by 2030?
  • What is the market size of the global Very Light Aircraft market?
  • What are the market drivers of the global Very Light Aircraft market?
  • What are the key trends in the global Very Light Aircraft market?
  • Which is the leading region in the global Very Light Aircraft market?
  • What are the major companies operating in the global Very Light Aircraft market?
  • What are the market shares by key segments in the global Very Light Aircraft market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.
  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.
  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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