Ultralight Aircraft Market – Global Forecast & Analysis projected to reach USD389m

Research and Markets said it has added the “Ultralight Aircraft Market – Global Forecast & Analysis to 2015 – 2020” report to its offering.

The ultralight aircraft market is projected to reach USD 389.26 Million by 2020, at a CAGR of 5.23 percent from 2015 to 2020. This market study considers 2014 as the base year and 2015 to 2020 as forecast years. The market is segmented on the basis of aircraft type, engine type, application, and region.

On the basis of aircraft types, this market is classified into fixed wing, flex wing and rotary wing. In terms of value, the fixed wing ultralight segment is projected to account for the largest market share, whereas in terms of volume, the flex wing ultralight segment is expected to account for the largest market share by 2020.