The light aircraft type segment is estimated to dominate the ultralight and light aircraft market share through 2026 and generate revenue share of over 95% over the study period. This domination is due to the integration of many advanced avionics as well as enhanced passenger comfort offered by these aircraft.
Growing demand for sport aircrafts along with advancements in technology pertaining to avionics are major factors driving the growth of market. There has been an upsurge in demand for lightweight aircrafts for pilot training activities. This factor coupled with increasing recreational flying activities are further facilitating the market expansion. As per credible estimates, the ultra and light aircraft industry is expected to cross a valuation of USD 9.4 billion by 2026.
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