Asia-Pacific Turboprop Aircraft Market Size

Statistics for the 2023 & 2024 Asia-Pacific Turboprop Aircraft market size, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Turboprop Aircraft size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Asia-Pacific Turboprop Aircraft Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Asia-Pacific turboprop aircraft_snapshot
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 2.00 %

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Asia-Pacific Turboprop Aircraft Market Analysis

The Asia-Pacific turboprop aircraft market is expected to exhibit a CAGR of more than 2% during the forecast period (2020 - 2025).

  • The Asia-Pacific countries, such as India, Japan, and China, are increasing their defense spending to strengthen the cargo and troop transportation capability of their respective air forces. This factor is driving the market growth for turboprop aircraft, such as C-130J Super Hercules and A400M Atlas, in the region.
  • The rise in air passenger traffic in the region is pushing the development of new small and medium-sized airports in countries, such as India and China. Due to the new short-distance routes between provinces, states, and cities, many low-cost carriers are opting for turboprop aircraft, owing to their cost-effectiveness.
  • The general aviation industry in Asia-Pacific is on the rise, owing to the growth and development of the business ecosystem and the rise in the disposable income of people. The Asia-Pacific region accounted for 14.6% of global general aviation turboprop aircraft deliveries in 2019, and this share is expected to go up during the forecast period.

Asia-Pacific Turboprop Aircraft Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)