The global piston engine aircraft market reached a value of US$ 0.865 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.12 Billion by 2027, exhibiting a CAGR of 4.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Piston engine aircraft or reciprocating engine aircraft is an airplane that consists of an internal combustion (IC) engine that utilizes cylinders and pistons in place of turbines to generate power. The engine consists of a single or multiple reciprocating pistons for the conversion of pressure into rotational motion. Piston engine aircraft are small-sized and have a narrow front fuselage. They are commonly available in single-engine and multi-engine variants and are highly reliable, durable and require minimal maintenance and fuel requirements. The aircraft also have less gap between the cylinder and the piston, which creates high compression and heat, thereby enhancing the overall fuel efficiency. As a result, piston engine aircraft are widely used for defense, military and commercial applications.
Piston Engine Aircraft Market Trends:
Significant growth in the aviation industry across the globe is one of the key factors creating a positive outlook for the market. With the increasing air traffic, there is a rising demand for aircraft with high fuel efficiency, compression ratio and durability. Additionally, the rising demand for single-engine piston aircraft for hydro-seeding, trading, training and aerial application of pesticides or fertilizers is favouring the market growth. Moreover, various technological advancements, such as the utilization of self-organizing maps and monitoring systems in the aircraft to detect parameter deviations and visualize the trends in data obtained from the engines, are providing a thrust to the market growth. In line with this, the launch of aircraft engines with increased efficiency and time between overhaul is positively impacting the market growth. Other factors, including the increasing expenditure capacities of the consumers, along with the implementation of various government initiatives to promote the construction of small airfields, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global piston engine aircraft market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, maximum take-off weight and application.
Breakup by Type:
Breakup by Maximum Take-off Weight:
Less than 1000 Kg
More than 2000 Kg
Breakup by Application:
Military and Defense
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Textron Inc. Key Questions Answered in This Report:
How has the global piston engine aircraft market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global piston engine aircraft market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the maximum take-off weight?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global piston engine aircraft market and who are the key players?
What is the degree of competition in the industry?