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Pulished Date January, 2022
ID: 12618
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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) – Demand Analysis and Opportunity Outlook 2027

Pulished: January, 2022
ID: 12618
Pages: 175

Turboprop Engine Market Growth & Size 2021-2026:

Turboprop Engine Market was worth US$ 5.2 billion in 2022, 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.

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.

Market 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.

Recent Developments:

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.

Market Segmentation:

Turboprop Engine Market 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.

Regional Analysis:

The Global Turboprop Engine Market has been categorized in four regions:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa 

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:

Some of the leading companies operating in the Global Turboprop Engine Market are:

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

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Turboprop Engine Market , By Application                    

                                6.1.1 Military Aircraft     

                                6.1.2 Civil Aircraft            

                                6.1.3 Market Size Estimations & Forecasts (2022-2027)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Turboprop Engine Market , By Power transmission                  

                                6.2.1 Single shaft             

                                6.2.2 Free turbines         

                                6.2.3 Market Size Estimations & Forecasts (2022-2027)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Turboprop Engine Market , By Technology                   

                                6.3.1 Conventional Engine           

                                6.3.2 Electric/Hybrid Engine        

                                6.3.3 Market Size Estimations & Forecasts (2022-2027)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Turboprop Engine Market , by Region                              

                7.2 North America - Market Analysis (2022-2027)                              

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Application        

                                7.2.3 By Power transmission      

                                7.2.4 By Technology       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Application        

                                7.3.3 By Power transmission      

                                7.3.4 By Technology       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Application        

                                7.4.3 By Power transmission      

                                7.4.4 By Technology       

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Application        

                                7.5.3 By Power transmission      

                                7.5.4 By Technology       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Application        

                                7.6.3 By Power transmission      

                                7.6.4 By Technology       

8. Key Player Analysis                                    

                8.1 Pratt And Whitney                  

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Rolls-Royce plc                          

                8.3 Motor Sich                  

                8.4 PBS Velka Bites                         

                8.5 GE Aviation                 

                8.6 Safran                           

                8.7 Honeywell International, Inc.                             

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identifying the regions that are still untapped
  2. The segment-level analysis in terms of By power transmission, by technology, By Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  5. Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  7. Competitive landscape analysis lists out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  9. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Turboprop Engine Market By Region, From 2022-2027 ( USD Billion )
  2. Global Turboprop Engine Market By Application, From 2022-2027 ( USD Billion )
  3. Global Military Aircraft Market By Region, From 2022-2027 ( USD Billion )
  4. Global Civil Aircraft Market By Region, From 2022-2027 ( USD Billion )
  5. Global Turboprop Engine Market By Power transmission, From 2022-2027 ( USD Billion )
  6. Global Single shaft  Market By Region, From 2022-2027 ( USD Billion )
  7. Global Free turbines Market By Region, From 2022-2027 ( USD Billion )
  8. Global Turboprop Engine Market By Technology, From 2022-2027 ( USD Billion )
  9. Global Conventional Engine Market By Region, From 2022-2027 ( USD Billion )
  10. Global Electric/Hybrid Engine Market By Region, From 2022-2027 ( USD Billion )

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