Tuesday 29 September 2020
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wn.com - 2 month ago

Ultralight and Light Aircraft Market worth $11.6 billion by 2030

The report Ultralight and Light Aircraft Market Aircraft Type (Ultralight Light Aircraft), End Use (Civil Commercial and Military), Flight Operation (CTOL VTOL), Technology (Manned Unmanned), Propulsion, Material, System and Region - Global Forecast to 2030 , size is projected to grow from an estimated USD 5.5 billion in 2020 to USD 11.6 billion by 2030, at a CAGR of 7.7% during the forecast period. The increasing number of high net worth individuals, upcoming new aircraft program, and aging fleet size to drive the growth of the market. Though the market has witnessed a slow growth in recent years, aircraft with Vertical Take-off and Landing (VTOL) capability and...


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