Ultralight jet is a compact aviation solution with a maximum takeoff weight of less than 13000 pounds or 5900 kilograms and a passenger capacity of no more than 9 to 10 passengers. Ultralight jets are considered a compact business jet solution and are approved for single pilot operation. Compared with other aviation options, ultralight jet has several advantages because it is a cost-effective solution. Ultralight jet has a wide range of applications, including passenger commuting, training and research in civil and military fields. North America is a key market for manufacturers due to the growth of the aviation industry and the availability of infrastructure.
This report contains market size and forecasts of Very Light Jet in global, including the following market information:
Global Very Light Jet Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Very Light Jet Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Very Light Jet companies in 2021 (%)
The global Very Light Jet market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Electric Jet Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Very Light Jet include Bombardier, Cirrus Industries, Diamond Aircraft Industries GmbH, Embraer S.A., Honda Motor, MSC Aerospace, Nextant Aerospace Holdings, Pilatus Aircraft and Stratos Aircraft and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Very Light Jet manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Very Light Jet Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Very Light Jet Market Segment Percentages, by Type, 2021 (%)
Electric Jet
Hybrid Jet
Conventional Fuel Jet
Global Very Light Jet Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Very Light Jet Market Segment Percentages, by Application, 2021 (%)
Civil & Commercial
Military
Global Very Light Jet Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Very Light Jet Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Very Light Jet revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Very Light Jet revenues share in global market, 2021 (%)
Key companies Very Light Jet sales in global market, 2017-2022 (Estimated), (Units)
Key companies Very Light Jet sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bombardier
Cirrus Industries
Diamond Aircraft Industries GmbH
Embraer S.A.
Honda Motor
MSC Aerospace
Nextant Aerospace Holdings
Pilatus Aircraft
Stratos Aircraft
Textron