Turboprop Planes Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Turboprop Aircraft Market Report is Segmented by Application (Commercial Aviation, Military Aviation, and General Aviation) and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Turboprop Planes Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Turboprop Aircraft Market Size

Turboprop Aircraft Market Size
Study Period 2019 - 2030
Market Size (2025) USD 8.47 Billion
Market Size (2030) USD 11.05 Billion
CAGR (2025 - 2030) 5.47 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Turboprop Aircraft Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Turboprop Aircraft Market with other markets in Aerospace & Defense Industry

Defense

Airport Operations

Aviation

Aerospace & Defense Technology

Air Taxi

Aircraft Parts

Turboprop Aircraft Market Analysis

The Turboprop Aircraft Market size is estimated at USD 8.47 billion in 2025, and is expected to reach USD 11.05 billion by 2030, at a CAGR of 5.47% during the forecast period (2025-2030).

Turboprop aircraft excel in short-distance, low-altitude flights, making them a preferred choice for regional air passenger traffic. As airlines introduce new regional routes, the demand for these aircraft rises, propelling market growth. Armed forces are modernizing their fleets in the military sector by replacing aging transport and training aircraft with newer, more advanced models. This shift is set to boost the market further during the forecast period.

One of the primary drivers of the turboprop market is the increasing demand for regional connectivity. As economies develop, especially in emerging markets, the need for efficient, cost-effective short-haul travel rises. Turboprop planes, known for their fuel efficiency and suitability for shorter routes, are well-suited to meet this demand. Furthermore, ongoing advancements in turboprop technology, such as innovations in engine efficiency, lightweight materials, and avionics, enhance the aircraft's performance, safety, and environmental footprint. This, in turn, makes them more appealing to operators looking to modernize their fleets.

Moreover, the market is witnessing a push from the growing emphasis on sustainable aviation. Turboprop aircraft, being more fuel-efficient than their jet counterparts, produce lower carbon emissions, aligning well with global environmental goals. As regulatory bodies tighten emissions standards, airlines are increasingly turning to turboprops to meet these requirements while maintaining operational efficiency.

However, the market does face challenges. Notably, competition from regional jets, which offer faster travel times and are favored for longer routes, poses a threat. Additionally, the relatively higher noise levels of turboprop engines compared to jets can be a concern, especially in noise-sensitive regions and urban airports. These factors may influence airlines' decisions when selecting aircraft for their fleets.

Despite these challenges, the market sees a significant opportunity in regional air cargo. The surge in e-commerce and the subsequent demand for swift, reliable delivery services are fueling the need for efficient cargo transportation solutions. Turboprop aircraft, with their ability to operate from shorter runways and remote locations, are well-suited for this task. By leveraging this versatility, manufacturers and operators can tap into the growing logistics and express delivery market, opening new revenue streams and enhancing market penetration.

Turboprop Aircraft Industry Overview

The turboprop aircraft market is semi-consolidated, with several key players holding significant market shares. Notable players include ATR, Airbus SE, Textron Aviation Inc., Pilatus Aircraft Ltd, and Lockheed Martin Corporation. Textron Aviation Inc., through its Beechcraft and Cessna brands, offers a diverse range of turboprops catering to commercial and general aviation. Pilatus Aircraft, known for its PC-12 and PC-24 models, targets niche markets, especially in private and special mission operations, leveraging its reputation for high performance and versatility.

These companies expand globally, forming partnerships with regional airlines and defense contractors to tap into emerging markets and secure long-term contracts. These key players maintain a competitive edge in the dynamic turboprop aircraft market by aligning their strategies with market demands and technological trends. For instance, Embraer, in the next two years, is set to develop a new executive or commercial aircraft, a separate effort from its potential longer-term development of aircraft with novel propulsion systems. Additionally, under its Energia program, Embraer is exploring the development of four aircraft with new propulsion technologies, with two featuring hybrid-electric systems and two powered by hydrogen fuel cells.

Turboprop Aircraft Market Leaders

  1. Airbus SE

  2. ATR

  3. Lockheed Martin Corporation

  4. Textron Aviation Inc.

  5. Pilatus Aircraft Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Turboprop Aircraft Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Turboprop Aircraft Market News

  • May 2024: Avation PLC and ATR inked a 10 ATR 72-600s deal, extending purchase rights for an additional 24 until 2034. These aircraft, fully compatible with sustainable aviation fuel (SAF), are scheduled for delivery between the last quarter of 2025 and the first quarter of 2028, aligning with airline demand and ATR's production capacity.
  • May 2023: The Ministry of Defence of Malaysia awarded Leonardo S.p.A. a contract to supply two ATR 72 MPA (Maritime Patrol Aircraft) platforms.

Turboprop Aircraft Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Military Aviation
    • 5.1.2 Commercial Aviation
    • 5.1.3 General Aviation
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.2 Europe
    • 5.2.2.1 United Kingdom
    • 5.2.2.2 France
    • 5.2.2.3 Germany
    • 5.2.2.4 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 Japan
    • 5.2.3.4 South Korea
    • 5.2.3.5 Rest of Asia-Pacific
    • 5.2.4 Latin America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Rest of Latin America
    • 5.2.5 Middle East and Africa
    • 5.2.5.1 United Arab Emirates
    • 5.2.5.2 Saudi Arabia
    • 5.2.5.3 Egypt
    • 5.2.5.4 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 ATR
    • 6.2.2 Lockheed Martin Corporation
    • 6.2.3 Textron Aviation Inc.
    • 6.2.4 Pilatus Aircraft Ltd.
    • 6.2.5 Airbus SE
    • 6.2.6 Embraer S.A.
    • 6.2.7 De Havilland Aircraft of Canada Limited
    • 6.2.8 DAHER
    • 6.2.9 PiaggioAero Industries S.p.a.
    • 6.2.10 Piper Aircraft, Inc.
    • 6.2.11 Air Tractor Inc.
    • 6.2.12 Thrush Aircraft, LLC
    • 6.2.13 Northrop Grumman Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Turboprop Aircraft Industry Segmentation

Turboprop aircraft have one or more gas-turbine engines connected to a gearbox that will turn the propeller to enable the movement of the aircraft on the ground and through the air.

The turboprop plans market is segmented by application and geography. The market is segmented based on application into military aviation, commercial aviation, and general aviation. The report also covers the market sizes and forecasts for the weapons and ammunition market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Application Military Aviation
Commercial Aviation
General Aviation
Geography North America United States
Canada
Europe United Kingdom
France
Germany
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America Brazil
Rest of Latin America
Middle East and Africa United Arab Emirates
Saudi Arabia
Egypt
Rest of Middle East and Africa
Need A Different Region or Segment?
Customize Now

Turboprop Aircraft Market Research Faqs

How big is the Turboprop Aircraft Market?

The Turboprop Aircraft Market size is expected to reach USD 8.47 billion in 2025 and grow at a CAGR of 5.47% to reach USD 11.05 billion by 2030.

What is the current Turboprop Aircraft Market size?

In 2025, the Turboprop Aircraft Market size is expected to reach USD 8.47 billion.

Who are the key players in Turboprop Aircraft Market?

Airbus SE, ATR, Lockheed Martin Corporation, Textron Aviation Inc. and Pilatus Aircraft Ltd. are the major companies operating in the Turboprop Aircraft Market.

Which is the fastest growing region in Turboprop Aircraft Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Turboprop Aircraft Market?

In 2025, the North America accounts for the largest market share in Turboprop Aircraft Market.

What years does this Turboprop Aircraft Market cover, and what was the market size in 2024?

In 2024, the Turboprop Aircraft Market size was estimated at USD 8.01 billion. The report covers the Turboprop Aircraft Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Turboprop Aircraft Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Turboprop Aircraft Industry Report

Statistics for the 2025 Turboprop Aircraft market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turboprop Aircraft analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.