Piston Engine Aircraft Market Size is Projected to Reach US$ 1,170 Million by 2028, Industry CAGR 4.2% | IMARC Group

PRESS RELEASE

Published February 15, 2023

According to IMARC Group’s latest report, titled “Piston Engine Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ the global piston engine aircraft market size reached US$ 907 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,170 Million by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

Year considered to estimate the market size:

Base year of the analysis: 2022
Historical period: 2017-2022
Forecast period: 2023-2028

The piston engine aircraft, or reciprocating engine aircraft, is a type of airplane consisting of an internal combustion engine that uses pistons and cylinders These in place of turbines to generate power. The piston engine lessens the gap between the piston and cylinder, thus creating high compression. This produces a huge amount of heat, resulting in low fuel consumption. types of aircraft are simple, reliable, and require low maintenance.

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Piston Engine Aircraft Market Trends:

The global piston engine aircraft market is being driven by the remarkable growth of the aviation industry around the world. With the increase in air traffic, the demand for fuel-efficient and long-life aircraft is increasing. The market growth is further augmented by the increasing demand for single-engine piston aircraft for trading, training, hydro-seeding, and aerial application of pesticides or fertilizers. Other factors such as rising consumer spending capacity, along with several government initiatives to encourage the construction of small airfields, are also anticipated to propel the market growth.

Piston Engine Aircraft Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the piston engine aircraft market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

American Champion Aircraft Corporation
Cirrus Aircraft
The Aviation Industry Corporation of China
Costruzioni Aeronautiche TECNAM S.p.A.
CubCrafters Inc.
Diamond Aircraft Industries
Wanfeng Aviation Industry Co. Ltd.
Discovery Aviation Inc.
Garmin Ltd.
ICON Aircraft Inc.
Piper Aircraft Inc
Textron Inc.

Key Market Segmentation:

The report has segmented the piston engine aircraft market on the basis of end-use, fuel type and region.

Breakup by Type:

Single Engine
Multi-Engine

Breakup by Maximum Take-off Weight:

Less than 1000 Kg
1000-2000 Kg
More than 2000 Kg

Breakup by Application:

Military and Defense
Commercial

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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