Market Size of piston aircraft Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.40 Billion |
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Market Size (2030) | USD 2.09 Billion |
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Largest Share by Region | North America |
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CAGR (2024 - 2030) | 6.90 % |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Piston Aircraft Market Analysis
The Piston Aircraft Market size is estimated at 1.40 billion USD in 2024, and is expected to reach 2.09 billion USD by 2030, growing at a CAGR of 6.90% during the forecast period (2024-2030).
1.4 B
Market Size in 2024 (USD)
2.1 B
Market Size in 2030 (USD)
9372
Total Deliveries in the Historic Period (2017-2023)
14616
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Region
71.25 %
value share, North America, 2023
The United States is the major contributor to the growth of the region because of its increased procurement of piston aircraft across notable sectors.
Fastest-growing Market by Region
9.79 %
Projected CAGR, Asia-Pacific, 2024-2030
The adoption rate of piston fixed-wing aircraft is higher because of the increasing need to meet the training requirements of future pilots.
Largest Market by Country
56.33 %
value share, United States, 2023
The increasing usage of piston-wing aircraft in flight training academies and in various other sectors is one of the major factors driving the market studied in the United States.
Leading Market Player
29.04 %
market share, Cirrus Design Corporation, 2022
It provides various types of aircraft that connect both the pilot and aircraft for improved workload management and extended training opportunities.
Second Leading Market Player
16.69 %
market share, Textron Inc., 2022
Textron Aviation, through its subsidiary Cessna, offers various types of technologically advanced products across all the sectors in general aviation, resulting in the second-highest market share.
North America is dominating the market, and the region is expected to grow by USD 1.6 billion by 2030
- The aviation industry, including piston fixed-wing aircraft, has been experiencing advancements in technology. These advancements include improvements in avionics, fuel efficiency, engine performance, and safety features. The industry is likely to continue benefiting from technological innovations that enhance aircraft capabilities.
- Pilot training institutes majorly procure these aircraft because of their added advantages in providing training for the pilots. They are appropriate for flying at low altitudes and moderate speeds and are well-liked by pilot training facilities worldwide due to their natural mobility. Piston fixed-wing aircraft are appropriate for flying at low altitudes and moderate speeds. They are well-liked by pilot training facilities worldwide due to their natural mobility. Thus, pilot training facilities place most of the orders for piston fixed-wing aircraft.
- Over the next 20 years, 7,63,000 new civil aviation pilots will be required to operate and maintain the world fleet. Agricultural applications, such as aerial application of pesticides or fertilizers and hydro-seeding, have also aided the procurement of piston aircraft.
- North America dominated the market with a share of 69% of the overall piston fixed-wing aircraft delivered globally during 2017-2022. Following North America, Asia-Pacific is anticipated to register the highest growth rate during the forecast period.
- As of 2022, 525+ aviation training facilities were operating 3000+ fixed-wing aircraft across Asia-Pacific. During 2022-2030, around 16,195 piston aircraft are expected to be delivered to the region.
Understand The Key Trends Shaping This Market
