"Very Light Jets": A New Era of Affordable Private Aviation

 Very Light Jet refers to a compact aviation solution that has maximum takeoff weight of less than 13,000 lbs. or 5,900 kg with passenger capacity not more than 9 to 10 passengers. Very light jets are considered as the compact business jet solution and approved for single pilot operation. Very light jet has several benefits over other aviation options as it is a cost-effective and fuel-efficient solution. 

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Factors, such as growing inclination toward compact and private aviation solutions and cost-effectiveness over other aircraft, are anticipated to create lucrative growth opportunities for the very light jet market. The light aircraft segment is estimated to have leading market share, owing to its wide range of applications in civil, commercial, and military operations.

Top Key Players - 

TEXTRON INC., STRATOS AIRCRAFT, INC, PILATUS AIRCRAFT LTD, HONDA MOTOR CO., LTD., NEXTANT AEROSPACE HOLDINGS, LLC, CIRRUS INDUSTRIES, INC., DIAMOND AIRCRAFT INDUSTRIES GMBH, .MSC AEROSPACE LLC, EMBRAER SA, BOMBARDIER INC

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The major impact is experienced by public mobility as people are suggested to stay at home and prefer to work from home wherever possible. From March 2020, public transport in majority of the big cities has been completely or partially shut down. Restriction on public mobility has been lifted partially since the past two or three months;

Key Findings Of The Study

  • By aircraft type, the ultra-light aircraft segment is expected to register significant growth during the forecast period.
  • On the basis of end use, the military segment is projected to lead the global market in terms of market share by the end of the forecast period.
  • On the basis of propulsion, the conventional fuel segment is projected to lead the global market, in terms of market share, by the end of the forecast period.
  • North America dominated the global very light jet market in 2020 in terms of market share. Moreover, Asia-Pacific is anticipated to lead the market growth.

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