Tuesday, July 03, 2018

New Study Reveals Key Insights on Global Ultra-light Aircraft Market; Forecast 2017 – 2025

The definition & classification of ultra-light aircraft varies from country to country as per regulations. In the U.S., Part 103 of the Federal Aviation Regulation defines an ultra-light aircraft as an aircraft with a maximum fuel capacity of 5 gallons, maximum empty weight (powered aircraft) of 254 lbs and one that can’t carry a passenger (has a single seat only). The same norm also specifies that one doesn’t require a medical certificate or a license of any kind to fly an ultra-light aircraft. Whereas in Europe, the maximum seat capacity is 1 or 2 seats, and countries such as the U.K., Italy and Germany follow strict safety regulations that require training and license for classes.

From a customer stand point, an ultra-light aircraft provides an affordable way to fly. Since the beginning, the global ultra-light aircraft market has been witnessing rapid growth, and in affluent countries, such as Europe, and the U.S. it accounts for approximately 20% of civil aviation. Furthermore, ultra-light aircraft can be recognized under a variety of names, depending on the regulations in a country, such as micro-lights, ULMs, light-sport aircraft and ultra-lights. The ultra-light aircraft market has undergone high technological advancement in recent years to produce more fuel-efficient aircraft designs, which in turn is expected to spur market growth over the forecast period. In the global ultra-light aircraft market, growth is relational to trends in the aircraft industry. For instance, the industry is witnessing high adoption of composite materials, such as carbon fiber composites in production, due to which there is a high focus on producing relatively light aircraft with increased efficiency. Additionally, factors that drive the ultra-light aircraft market include cost-effective ownership of ultra-light aircraft, increase in personal disposable income, simplistic design & ease of use, and rise in recreational & sports spending.
02/07/18 Abhishek Budholiya/Fin