Aircraft Turboprop Propeller System Market Expected to Reach $3.6 Billion by 2034

According to a new report published by Allied Market Research, titled, “Aircraft Turboprop Propeller System Market, by Propeller Type (Fixed Pitch, Variable Pitch), by Aircraft Type (Civil Aircraft, Military Aircraft, Commercial Aircraft), by Sales Channel (OEM, Aftermarket), by Component (Blade, Spinner, Hub, Others)" The aircraft turboprop propeller system market size was valued at $1.6 billion in 2024, and is estimated to reach $3.6 billion by 2034, growing at a CAGR of 8.5% from 2025 to 2034.

The aircraft turboprop propeller system market is witnessing steady growth driven by an increase in demand for fuel-efficient aircraft for regional and short-haul travel. Turboprop aircraft are known for their superior fuel efficiency over short distances compared to jet engines, making them a preferred choice for regional airlines and military patrol missions. This has led to a rise in procurement and deployment of turboprop-powered aircraft across emerging and developed economies. For instance, February 2024, Safran, partnered with Turbotech, has made significant progress in advancing hydrogen-powered turboprop engine technology for the general aviation market. As part of the BeautHyFuel project, the French companies successfully conducted ground tests of a hydrogen-fueled gas turbine, marking a key milestone in the development of a sustainable hydrogen powertrain for light aircraft. This initiative reflects ongoing efforts to reduce carbon emissions in aviation by transitioning to cleaner propulsion systems, positioning hydrogen as a promising alternative to conventional jet fuels for future regional and general aviation applications.

Furthermore, technological advancements are also playing a major role in determining the aircraft turboprop propeller system market growth by enabling the development of lightweight composite propellers, improving aerodynamic efficiency, reducing noise and vibration, and enhancing overall fuel efficiency and performance of turboprop engines. The development of advanced composite materials for propeller blades has improved strength, reduced weight, and enhanced corrosion resistance, leading to better performance and lower maintenance costs. For instance, in April 2025, McCauley Propeller Systems has introduced the C780 propeller for the Beechcraft King Air B300 series, which has now been certified by Brazil’s National Civil Aviation Agency (ANAC). Equipped with four aluminum swept blades and a 105-inch diameter, the C780 delivers enhanced efficiency and overall performance. This certification represents a key milestone in broadening the propeller’s global reach and underscores McCauley’s dedication to advancing turboprop technology through innovation and precision engineering. In addition, innovations in blade design are contributing to noise reduction and improved aerodynamic efficiency. The growing focus on sustainable aviation has spurred interest in hybrid-electric propulsion systems, in which turboprops serve as a compatible platform, further boosting the adoption of aircraft turboprop propeller system market opportunities.

By component type, the blade segment attained the highest market share in 2024. This dominance is primarily due to its critical role in generating thrust and directly impacting aircraft performance, fuel efficiency, and noise reduction. Ongoing advancements in blade materials such as the use of composites and metal-composite hybrids—have enhanced durability, reduced weight, and improved aerodynamic performance. The demand for advanced blade designs with swept tips and vibration-reducing technologies has grown, especially in both commercial and military applications. As a result, blades represent the most frequently upgraded and technically sophisticated component in the aircraft turboprop propeller system market trends.

By sales channel, the OEM segmented attained the highest aircraft turboprop propeller system market share in 2024. This is largely due to the increasing production and delivery of new turboprop aircraft by major manufacturers for both commercial and defense applications. OEMs supply propeller systems as integrated components during the aircraft manufacturing process, ensuring compatibility and performance optimization. Rise in demand for next-generation, fuel-efficient turboprops with advanced propeller technologies has further boosted OEM sales. Since most operators prefer factory-installed systems to meet regulatory and performance standards, the OEM segment continues to lead in revenue contribution within the aircraft turboprop propeller system market analysis.

By Region

Region wise, North America attained the highest market share in 2024 and emerged as the leading region in the aircraft turboprop propeller system  market. This is due to strong governmental and commercial investments in space technologies. The presence of key industry players, such as NASA, Maxar Technologies, and Planet Labs, supports robust data collection and analytics capabilities. The region benefits from advanced infrastructure, widespread adoption of satellite services across sectors like defense, agriculture, and environmental monitoring, and active public-private collaborations. The U.S. government’s focus on enhancing Earth observation, climate monitoring, and national security through satellite data has further fuelled the region’s dominance in this aircraft turboprop propeller system market forecast.

However, Asia-Pacific is projected to grow at the fastest rate during the forecast period in aircraft turboprop propeller system market. This is due to rapid expansion in regional air travel, increasing defense budgets, and rising investments in aviation infrastructure. Countries such as India, China, and Indonesia are focusing on improving connectivity to underserved regions using aircraft turboprop propeller system market, which are ideal for short-haul routes. Military modernization programs and the growing use of unmanned aerial vehicles (UAVs) are driving demand for advanced propeller systems. Local manufacturing initiatives and partnerships with global aviation firms are further accelerating the market’s growth across the Asia-Pacific region.

Key Takeaways

• Based on Propeller Type, the Fixed Wing Segment held the largest share in the aircraft turboprop propeller system market segmentation in 2024.
• By Aircraft Type, the Civil Aircraft segment was the major shareholder in 2024.
• Based on Sales Channel, the OEM segment dominated the market, in terms of share, in 2024.
• By Component, the Blade segment dominated the market in terms of share in aircraft turboprop propeller system market 2024.
• Region-wise, the North America region held the largest market share in 2024.

The key players operating in the global aircraft turboprop propeller system industry include Textron Aviation, Pratt & Whitney, General Electric, Rolls-Royce Holdings plc, Safran, Collins Aerospace, Daher, Honeywell International Inc., Pilatus Aircraft Ltd., and PBS AEROSPACE.  They have adopted strategies such as contracts, agreements, acquisition, and product launch to improve their market positioning.