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Market Research Report
Product code
597237
Piston Engine Aircraft Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) |
Piston Engine Aircraft Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) |
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 108 Pages
Delivery time: 2-3 business days
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The piston engine aircraft market is anticipated to register a CAGR of above 0.5% during the forecast period.
Currently, the single engine segment dominates the market, and it is expected to continue its domination in terms of market share over the forecast period. This is due to the increase in the procurement of single engine piston aircraft for training purposes, agricultural applications like the aerial application of pesticides or fertilizers, and hydro-seeding, and commercial and military applications.
The Asia-Pacific region is anticipated to register the highest growth rate during the forecast period. This growth is due to the increase in aircraft procurements to cater to the growing passenger traffic in the region, from countries like China, India, Indonesia, Vietnam, and Australia.
The prominent players in the piston engine aircraft market are Cirrus Aircraft, Diamond Aircraft, Piper Aircraft Inc., TECNAM Aircraft, and Textron Inc. Cirrus Aircraft, Textron Inc., and TECNAM Aircraft delivered the highest number of piston engine aircraft in 2018. In order to gain a competitive edge, the market players are investing heavily in their R&D activities, as well as launching cost-effective piston engines.