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Global Turboprop Engine Market Segmentation by Application (Military Aircraft, Civil Aircraft), by power transmission (Single shaft and free turbines), by technology (Conventional Engine, and Electric/Hybrid Engine), and Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) and – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 12618
Pages: 175
Formats: report pdf report excel report power bi report ppt

Turboprop Engine Market Size, Growth, Forecast (2022-2027)

The Global Turboprop Engine Market size was worth US$ 5.2 billion in 2021, and it is estimated to reach a valuation of US$ 6.9 billion by the end of 2027, expanding at a CAGR of 5.7% between 2022 and 2027.

Turboprop Engine Market

Market Overview:

The turboprop engine is a turbine that drives the aircraft propeller. It is a variant of a jet engine that has been optimized to drive a propeller. The turboprop engine consists of an intake, reduction gearbox, compressor, combustor, turbine, and propelling nozzle. In turboprop engine aircraft, the air is drawn in intake; the compressor compresses the air. Fuel is then combined with the compressed air in the combustor, and then the hot combust gases expand through the turbine in order to propel the aircraft. The turboprop engine-equipped aircraft are very efficient at low flight speed, have less fuel consumption, and require significantly less runway or airstrip to take off or land an aircraft. The hybrid engines are most efficient at speeds between 250 and 400mph and altitude between 18,000 and 30,000 speeds. According to power transmission, there are two types of turboprop engine turbines: Single shafts and free turbines. The free turbines dominate the market, reducing the torque load during the engine starts. The hybrid type of turboprop engine is driving the growth of the turboprop engine market due to its increasing demand in civil aviation. Hybrid engines replace the conventional engines in those aircraft that have been in use for decades. The newly developed crafts are already installed with the hybrid engine.

The turboprop engine has high demand in civil aviation due to its ability to fly at low altitudes, as it is very efficient for short distances. North America and the Asia Pacific region contribute to the largest market for the growth of the Global Turboprop Engine Market. The increasing deployment of new technologies in aircraft and investment by the government to strengthen the defense boosts the growth of the Global Turboprop Engine Market in the period between 2022 and 2027.

Recent Developments in Turboprop Engine Industry:

  • In December 2021, Pratt and Whitney Canada (a business unit of Pratt & Whitney) announced that Amphibian Aerospace Industry Pvt. Ltd. had selected a PT6A-67F turboprop engine to power its iconic twin-engine G-111T amphibious aircraft. The PT6A-67F is recognized as the engine of the PT6A family for the G-111T aircraft application. Pilots and operators fly PT6A craft easily and confidently, even in adverse weather conditions.
  • In November 2021, Pratt & Whitney Canada has announced its new engine series, “PW127XT”. This series has a new standard for operating economics, maintenance, and sustainability for regional turboprop engine crafts. “PW127XT” has been designed to improve 3% fuel efficiency, reduce 20% maintenance cost and offer 40% extended time-on-wing service.

TURBOPROP ENGINE MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

5.7%

Segments Covered

By Power Transmission, Technology, Application, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Pratt And Whitney,Rolls-Royce plc,Motor Sich,PBS Velka Bites,GE Aviation,Safran,Honeywell International, Inc and Others.

Drivers: 

The driving force of the Turboprop Engine Market is increasing demand for newer general aviation craft that can fly at low altitudes and growing military transportation, driving the growth of the global Turboprop Engine Market in the future.

Newly developed short routes and low altitude flying capability with an efficient cost increase the demand of turboprop engine market in the future. The hybrid type of turboprop engine is dominating the turboprop engine market due to its increasing demand in civil aviation. The deployment of turboprop engines is also high as old aircraft are reinstalled with these hybrid engines. The newer aircraft have already come with this modern turboprop engine. The turboprops engines are very efficient in flying on low attitudes, at short distances, need a small airstrip for takeoff and landing, and increase fuel efficiency. Owing to these reasons, the air journey becomes more affordable and easy for the people due to which growing demand for turboprop engines is driving the market.

Moreover, with the growing demands for newer general aviation aircraft models featuring the latest avionics and technological advancements in performance & efficiency, several turboprop aircraft manufacturers are developing new aircraft to boost the growth of the global Turboprop Engine Market in the future. Additionally, the government of various countries is spending on strengthening their defenses to further boost the growth of the Turboprop Engine Market in the forecasted period between 2022 and 2027.

Restraints:

The major restraint is the aircraft liquidity crisis that affects the growth of the global turboprop engine.

Turboprop Engine Market Segmentation Analysis:

By Power Transmission:

  • Single shaft 
  • Free turbine

Based on the power transmission, the Global Turboprop Engine Market is segmented into single shafts and free turbines. Single shaft is anticipated to dominate the market in the next six years. The single shaft turbine has a free mechanical connection from the gas generator to the reduction gearbox and propeller. In contrast, the free turbine has only an air link from the gas generator to the power turbines. The free turbine turboprop engine is highly used to reduce the torque load when the engine starts. The start mechanism only needs to rotate the compressor and turbine, excluding the propeller and reduction gear. Owing to these factors, the free turbine turboprop engine is in more demand that drives the growth of the global Turboprop Engine Market in the period between 2022 and 2027.

Turboprop Engine Market By technology:

  • Conventional Engine
  • Electric/Hybrid Engine

The Global Turboprop Engine Market is segmented into Conventional Engines and Electric/Hybrid engines based on technology. The hybrids engines of turboprops are growing due to the up-gradation of conventional engines with the hybrid engine, and the newly developed aircraft are already installed with hybrid engines. The hybrid turboprop engine drives the propeller only through an electric motor. The engine power is derived from combustion converted into electric power via a generator. Therefore, Owing to these features, the growing demand for hybrid engines drives the global turboprop engines market in the future. 

Turboprop Engine Market By Application:

  • Military Aircraft
  • Civil Aircraft

Based on Application, the Global Turboprop Engine Market is segmented into Military Aircrafts and Civil Aircrafts (including General aviation and chartered aircraft). The demand for turboprop engines is growing in civil aircraft as these turboprop engines are highly used for short distances and very efficient for flying in low altitudes. Additionally, the development of new crafts powered by turboprop engines fuels the demand in the general aviation segment.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America is the largest market of the Turboprop Engine globally. It is also anticipated that North America will sustain its position in the forecasted period due to the increasing demand for turboprop aircraft in the United States. The United States alone holds 50% of turbo aircraft in the general aviation segment.

The Asia-Pacific countries like India, China, and Japan are significantly spending on defenses to strengthen their respective air forces' cargo and troop transportation capability. The development of small and medium-sized airports in India and China is growing due to the increasing traffic of air passengers. Due to newly developed routes between the states and cities reduces the cost fare that will drive the growth of the turboprop engine market in the Asia-Pacific Region between 2022 and 2027.

Europe will contribute as a healthy market for the growth of the Global Turboprop Engine due to the acquisition of new turboprop aircraft by airlines fuels the demand for turboprops engines.

Leading Company:

Pratt & Whitney had the largest share of the world’s Turboprop Engine in terms of sales revenue in 2020.

Covid-19 Impact on Global Turboprop Engine Market: 

The Global Turboprop Engine Market has been significantly impacted by the COVID-19 outbreak. The strict lockdown led to the unavailability of the workforce halted industrial activities. As a result, projects in procurement face are mainly affected. As a result, the installation of new projects has been delayed due to COVID -19 pandemic, which will affect the Global turboprop Engine Market in the future. In addition, due to the Pandemic, aircraft operators are facing a liquidity crisis which is expected to affect the growth of the Global Turboprop Engine Market in the future.

Key Players in the Market:

Major Key Players in the Global Turboprop Engine Market are

  • Pratt And Whitney
  • Rolls-Royce plc
  • Motor Sich
  • PBS Velka Bites
  • GE Aviation
  • Safran
  • Honeywell International, Inc.

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FAQ's

What can be the size of the global Turboprop Engine Market by 2027?

By 2027, it is predicted that the global Turboprop Engine market can reach a valuation of US$ 6.9 billion.

What can be the compound annual growth rate of the global Turboprop Engine market?

The Global Turboprop Engine market can expand with a CAGR of 5.7% during the forecast period.

Mention the major Key Players in the Global Turboprop Engine Market?

Pratt And Whitney, Rolls-Royce plc, Motor Sich, PBS Velka Bites, GE Aviation, Safran, Honeywell International and Others.

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