Piston Engine Aircraft Market outlook – 2027
Piston engine aircraft use pistons and cylinders instead of turbines to generate power. These are also known as reciprocating engine aircraft, owing to their usage of one or more reciprocating pistons for the conversion of pressure into the rotating motion. Moreover, piston engines are simple, reliable, and require low maintenance. The piston engine reduces the gap between the cylinder and the piston, thus creating high compression, which, in turn, produces high heat resulting in low fuel consumption.
COVID-19 scenario analysis:
- Piston engine aircraft production is expected to be more agile after the end of COVID-19.
- The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
- The revenue is not being generated for the companies due to the ongoing pandemic, which is expected to result in major losses throughout the year.
- Companies have to deal on a significant margin basis to revive the market.
- A huge monetary loss has been accounted for in the revenue generation of the Piston engine aircraft companies due to the lockdown.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The global market for piston-engine aircraft is driven by features of pistons such as fuel efficiency, high heat, high compression ratio, and low fuel efficiency. In addition, increase in training aircraft procurement proliferates the growth of the piston engine aircraft market. Moreover, the single-engine aircraft witnesses significant demand, owing to increased application of the same. However, the short life cycle of the piston engines, which is five years and is less compared to other jet engines or turboprop engines, is one of the major reasons hindering the growth of the global piston engine aircraft market.
The global piston engine aircraft market trends are as follows:
Fuel efficiency to boost the market growth
The major reason for the procurement of piston-engine aircraft is increase in application of piston engine due to its fuel-efficient feature. The mechanism of low fuel consumption by the creation of high compression urges the market players to include a piston engine in their existing systems. In addition, piston engines are typically required to overhaul between 1,200 hours to 2,000 hours of flying. The global market has been investing in R&D to drive the efficiency and overall performance of piston engines. Such factors are expected to boost the growth of the global piston engine aircraft market.
Surge in demand for single-engine aircraft
Single-engine piston aircraft have been rapidly used in various applications such as trading purposes, aerial agricultural purposes, hydro-seeding, and another commercial as well as military applications. This vast application of piston-engine aircraft fuels its demand in the global market. Moreover, piston-engine aircraft is considered the most reliable kind of aircraft than other aircraft due to its diesel-powered engines that result in fuel efficiency. Attributed to such advantages, the leading market participants are rapidly replacing their existing fleet with piston engine aircraft to gain a competitive advantage.
Key benefits of the report:
- This study presents the analytical depiction of the global piston engine aircraft market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global piston engine aircraft market share.
- The current market is quantitatively analyzed to highlight the global piston engine aircraft market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global piston engine aircraft market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the piston engine aircraft market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Piston Engine Aircraft Market Report Highlights
By Maximum Weight Carrying Capacity
Key Market Players
WACO Aircraft Corporation, Cirrus Aircraft Corporation, American Champion Aircraft Corporation, Diamond Aircraft, Garmin, Mahindra Aerospace, Costruzioni Aeronautiche TECNAM S.r.l., Flight Design GmbH, Piper Aircraft Inc., Textron Aviation