Market Share of Fixed Wing Turbine Aircraft Industry
The fixed-wing turbine aircraft market is consolidated, with major players holding a large market share. The prominent player in the market is Bombardier, Embraer, Boeing, Airbus, and Textron Aviation. In the wake of the COVID-19 pandemic, defense organizations of several countries invested in increasing their fleet of fixed-wing turbine-powered aircraft. As a result, turbine-powered aircraft companies have been receiving orders for aircraft, increasing the market value and revenue influx into the market. For instance,
In July 2022, Textron Aviation's defense division was awarded a USD 90 million US Air Force contract modification to provide Tunisia with eight T-6C turboprops. In July 2022, the militarized version of the Cessna Citation Longitude featured an impressive 3,500 nautical mile (nm) range, along with a comprehensive suite of sensors specifically designed for security and law enforcement applications.
Consequently, the aircraft providers will witness a competitive advantage in terms of market penetration and market share.
Fixed Wing Turbine Aircraft Market Leaders
Textron Aviation Inc.
Embraer S.A.
Bombarider Inc.
Airbus SE
The Boeing Company
*Disclaimer: Major Players sorted in no particular order
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