Piston Engine Aircraft Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Piston Engine Aircraft Market is Segmented by Type (Single Engine and Multi-engine), Maximum Take-off Weight (Less than 1000 kg, 1000-2000 kg, and More than 2000 kg), and Geography.

Market Snapshot

piston engine aircraft market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >0.5 %

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Market Overview

The piston engine aircraft market is anticipated to register a CAGR of above 0.5% during the forecast period.

  • The market is mainly driven by the advantage of the fuel efficiency of the engine with a high compression ratio, high heat, and low fuel consumption.
  • The increase in training aircraft procurement is driving the growth of the piston engine aircraft market.
  • Despite their simplicity, reliability, and easy maintenance, the short life cycle of the engines is one of the significant reasons hindering the growth of the market.

Scope of the Report

The scope of the piston engine aircraft market report includes:

Type
Single Engine
Multi-engine
Maximum Take-off Weight
Less than 1000 kg
1000-2000 kg
More than 2000 kg
Geography
North America
Europe
Asia-Pacific
Rest of the World

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Key Market Trends

The Single Engine Segment Dominated in Terms of Market Share, in 2019

Currently, the single engine segment dominates the market, and it is expected to continue its domination in terms of market share over the forecast period. This is due to the increase in the procurement of single engine piston aircraft for training purposes, agricultural applications like the aerial application of pesticides or fertilizers, and hydro-seeding, and commercial and military applications.

Piston Engine Aircraft_segment

Asia-Pacific is Anticipated to Experience the Highest Growth During the Forecast Period

The Asia-Pacific region is anticipated to register the highest growth rate during the forecast period. This growth is due to the increase in aircraft procurements to cater to the growing passenger traffic in the region, from countries like China, India, Indonesia, Vietnam, and Australia.

Piston Engine Aircraft_geography

Competitive Landscape

The prominent players in the piston engine aircraft market are Cirrus Aircraft, Diamond Aircraft, Piper Aircraft Inc., TECNAM Aircraft, and Textron Inc. Cirrus Aircraft, Textron Inc., and TECNAM Aircraft delivered the highest number of piston engine aircraft in 2018. In order to gain a competitive edge, the market players are investing heavily in their R&D activities, as well as launching cost-effective piston engines.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Single Engine

      2. 5.1.2 Multi-engine

    2. 5.2 Maximum Take-off Weight

      1. 5.2.1 Less than 1000 kg

      2. 5.2.2 1000-2000 kg

      3. 5.2.3 More than 2000 kg

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Cirrus Aircraft

      2. 6.2.2 Diamond Aircraft

      3. 6.2.3 Piper Aircraft Inc.

      4. 6.2.4 TECNAM Aircraft

      5. 6.2.5 Textron Inc.

      6. 6.2.6 American Champion

      7. 6.2.7 AVIC General

      8. 6.2.8 CubCrafters

      9. 6.2.9 Discovery Aviation

      10. 6.2.10 Flight Design GmbH

      11. 6.2.11 ICON Aircraft

      12. 6.2.12 Mooney International Corporation

      13. 6.2.13 Pipistrel

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Piston Engine Aircraft Market market is studied from 2018 - 2026.

The Piston Engine Aircraft Market is growing at a CAGR of >0.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Cirrus Aircraft, Diamond Aircraft, Piper Aircraft Inc., TECNAM Aircraft, Textron Inc. are the major companies operating in Piston Engine Aircraft Market.

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