Turboprop Engine Market Share

Market Share of Turboprop Engine Industry

The turboprop engine market is consolidated, with the presence of a few turboprop engine OEMs, who occupy a majority of the market share. Some prominent market players are RTX Corporation, Rolls-Royce plc, Safran, General Electric Company, and Honeywell International, Inc. Engine manufacturers and OEMs enjoy long-term contracts for providing products and services, making it difficult for new players to enter and sustain themselves in the market. Significant investment into R&D of advanced technologies like additive manufacturing and incorporation of automation and AI to increase the production rate of the engines are expected to help the players ramp up their production capacity, thereby supporting their growth during the forecast period.

Turboprop Engine Market Leaders

1. Rolls-Royce plc

2. Safran

3. Honeywell International, Inc.

4. RTX Corporation

5. General Electric Company

*Disclaimer: Major Players sorted in no particular order