Dublin, Jan. 21, 2026 (GLOBE NEWSWIRE) — The “Turboprop Aircraft Market Report 2026” has been added to ResearchAndMarkets.com’s offering.
The turboprop aircraft market is experiencing robust growth, with projections indicating an increase from $5.5 billion in 2025 to $5.86 billion in 2026 at a 6.5% CAGR. This growth trend is expected to continue, reaching $7.41 billion by 2030 at a CAGR of 6%. Major factors contributing to this trajectory include heightened demand for fuel-efficient regional aircraft, significant expansion in global leasing and MRO services, and advancements in next-generation engines and avionics systems. Companies are increasingly collaborating to enhance operational efficiency and deploy modern fleets.
The rise in regional air travel is a key driver, propelled by growing disposable incomes, particularly in emerging markets like India, China, and Southeast Asia. This trend underscores the significance of turboprops in facilitating regional connectivity with their capability of operating from shorter runways and providing cost-effective travel solutions. The U.S. International Trade Administration reported a 13.5% increase in international air traffic in January 2024, highlighting the sector’s dynamic growth.
Turboprop manufacturers are focusing on innovations such as rear fuselage assemblies to boost structural efficiency. For instance, Dynamatic Technologies Limited has partnered with Deutsche Aircraft to produce the rear fuselage for the 40-seat D328eco turboprop, aiming for sustainable regional travel with features supporting short takeoff and landing (STOL) capabilities.
In strategic shifts, acquisitions such as Helsing SE’s takeover of Grob Aircraft SE underscore the integration of advanced AI-driven technologies to enhance pilot training and combat aircraft capabilities. Key market players include Lockheed Martin Corporation, Airbus SE, Textron Aviation Inc., among others, illustrating a competitive and dynamic landscape.
North America emerged as the largest regional market for turboprops in 2025, with coverage extending across Asia-Pacific, Western Europe, and other regions. The market landscape is influenced by global trade dynamics, with tariffs influencing supply chains, component availability, and production costs. These factors encourage diversification in sourcing and a push toward local manufacturing to strengthen resilience.
The comprehensive market report provides an in-depth analysis of the current and future states of the turboprop aircraft sector, offering a broad perspective on industry statistics, trends, and opportunities for growth. Industry stakeholders are advised to leverage these insights to navigate the opportunities and challenges presented by evolving international trade conditions.
Report Scope:
- Engine Type: Single, Twin, Multi-Engine
- Propulsion Type: PT6, PW100, Others
- Component: Aerostructures, Avionics, Engines, Landing Gears
- Application: Passenger, Cargo, Surveillance, Medical Services
- End Use: Commercial, Military, General Aviation
- Key Companies Mentioned: Lockheed Martin, Airbus SE, AVIC, Honeywell International, Safran S.A., and more.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026 – 2030 |
| Estimated Market Value (USD) in 2026 | $5.86 Billion |
| Forecasted Market Value (USD) by 2030 | $7.41 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Companies Featured
- Lockheed Martin Corporation
- Airbus SE
- Aviation Industry Corporation of China (AVIC)
- Honeywell International Inc.
- Safran S.A.
- Textron Aviation Inc.
- Xi’an Aircraft Industrial Corporation
- Viking Air Limited
- GippsAero Pty Ltd
- Embraer S.A.
- ATR
- Pilatus Aircraft Ltd
- Beechcraft Corporation
- Daher Group
- Piper Aircraft Inc.
- Helsing GmbH.
- De Havilland Aircraft of Canada Limited
- GECI International S.A.
- Cessna Aircraft Company
- Mahindra Aerospace Pvt Ltd
For more information about this report visit https://www.researchandmarkets.com/r/fcijiq
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- Turboprop Aircraft Market
