0
Upcoming Allied Market Research
2023
Turboprop Engine Market

Turboprop Engine Market

Size, Share, Competitive Landscape and Trend Analysis Report by Platform (Fixed Wing, Rotary Wing), by Application (Commercial Aviation, Military Aviation, General Aviation) and by Technology (Conventional Engine, Electric/Hybrid Engine): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A12816
Pages: NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Turboprop Engine Market Outlook 2030 -

A turboprop engine is a turbine engine that drives an aircraft propeller. A turboprop consists of an intake, reduction gearbox, compressor, combustor, turbine, and a propelling nozzle. Air is drawn into the intake and compressed by the compressor. Fuel is then added to the compressed air in the combustor, where the fuel-air mixture then combusts. The hot combustion gases expand through the turbine. Some of the power generated by the turbine is used to drive the compressor. The preference for turboprop engine-powered aircraft in commercial aviation is growing with the introduction of new regional routes. The turboprop engines are highly efficient in the short distance and low altitude flying, which is helping their growth in the commercial aviation sector. In the military and general aviation segments, the growth in demand is mainly due to the introduction of new aircraft models that are powered by turboprop engines, in recent years. U.S. has the highest military spending in the world, is also the largest market for military turboprop transport and tanker aircraft in the world. The country, in December 2019, ordered 50 Lockheed Martin C-130J Super Hercules four-engine turboprop military transport aircraft. The contract alone, may generate demand for around 250 Rolls-Royce AE 2100 D3 turboprop engines that power the aircraft, during the forecast period. Such orders for turboprop aircraft is expected to generate demand for the turboprop engine in North America, thereby contributing to its high share in the market during the forecast period.

COVID-19 Impact analysis

Companies have been forced to halt their business operations in compliance with new government rulings to follow the lockdown. Operational obstructions are directly impacting revenue flow of the micro turbine engine market. Companies that rely on international workforce are greatly affected due to travel restrictions and the quarantine measures imposed. Projects that are in the procurement phase are predominantly vulnerable to COVID-19. Falling prices of oil could lead to closing of oil wells. It can possibly drive the demand for hybrid systems such as micro turbine engine, which can use a variety of fuels other than natural gas. This is expected to provide growth opportunity for the market growth. Aircraft operators are facing a liquidity crisis, especially in the Commercial Aviation and the General Aviation sectors, which is expected to hamper the future purchases of turboprop aircraft, thereby restraining the growth of the market for turboprop engines during the forecast period.

Top Impacting Factors

  • Growth in Demand for newer general aviation aircraft models, rise in demand for low altitude planes, and growing military transportation are driving the growth of the market.
  • Low thrust, and less efficient at low speed is expected to hamper the growth of the market.
  • Rising defense budget, and technological development can be seen as an opportunity for the market investments.

The turboprop engine market trends are as follows:

Growth in Demand for Newer General Aviation Aircraft Models

With the growth in demand for newer aircraft models featuring the latest avionics and technological advancements in terms of performance, several turboprop aircraft manufacturers are developing new aircraft. In June 2020, Epic Aircraft delivered its first two Epic E1000 aircraft, which are single-engine, six-seat, turboprop light aircraft. According to the company, the Epic E1000 is currently the fastest single-engine civil aircraft, due to the incorporation of the 1200 HP Pratt & Whitney PT6A-67A engine and has more currently than 80 aircraft on order. On the other hand, Pilatus is also making efforts to attract new customers with the launch of its PC-12 NGX, a new and improved version of its PC-12 single-engine turboprop. The aircraft is powered by the Pratt & Whitney Canada’s new PT6E-67XP turboprop engine, which makes it faster and quieter than its predecessors. Also, the PT6 E-series engine is the first engine in the general aviation segment with a dual-channel integrated electronic propeller and engine control system. Thus, the growth in demand for newer turboprop aircraft, especially in the general aviation segment is expected to drive the innovations in turboprop engines which is expected to help the market growth during the forecast period.

Key benefits of the report:

  • This study presents the analytical depiction of the global turboprop engine 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 challenges of the global turboprop engine market.
  • The current market is quantitatively analyzed to highlight the global turboprop engine market growth scenario.
  • The report provides a detailed global turboprop engine market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global turboprop engine market research report:

  • Which are the leading market players active in the global turboprop engine market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the global turboprop engine market?
  • What are the projections for the future that would help in taking further strategic steps?

Turboprop Engine Market Report Highlights

Aspects Details
By Platform
  • Fixed Wing
  • Rotary Wing
By Application
  • Commercial Aviation
  • Military Aviation
  • General Aviation
By Technology
  • Conventional Engine
  • Electric/Hybrid Engine
By Region
  • North America 
  • Europe 
  • Asia-Pacific 
  • LAMEA 
Key Market Players Williams International., Safran SA, Pratt & Whitney, GE Honda Aero Engines, Rolls-Royce, Engine Alliance, Honeywell International, CFM International, General Electric, International Aero Engines
 

Loading Table Of Content...


 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now
Related Tags

Purchase Full Report of
Turboprop Engine Market

Start reading.
This Report and over 71,298+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise
    License/PDF

  • $9,870
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers