Aircraft Turboprop Propeller System Market Report 2024 (Global Edition)

Global Aircraft Turboprop Propeller System Market Report 2024 Market Size Split by Material (Composite Based Propeller, Aluminum Based Propeller), by Application (Civil Aircraft, Military Aircraft, Co...

Aircraft Turboprop Propeller System Market Report Description

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Competitive Landscape of the Aircraft Turboprop Propeller System Market

The competitive landscape of the Aircraft Turboprop Propeller System Market is characterized by the presence of various key players, each striving to gain a competitive edge via product innovation, strategic partnerships, and market expansion efforts. These companies specialize in the development, design, and production of turboprop propeller systems, offering a range of products tailored to meet the comprehensive requirements of aircraft manufacturers and operators.

July 2020: Dowty Propellers collaborated with Haydale Graphene Industries plc (Haydale) to develop graphene and nano material-enhanced products. (Source: https://dowty.com/) July 2020: MT-Propeller Entwicklung GmbH received the FAA STC SA04450NY (Supplemental Type Certificate) for installation of the MTV- 27 Propeller on the Kodiak 10.es. (Source: https://www.mt-propeller.com/)

Top Companies Market Share in Aircraft Turboprop Propeller System Industry: (In no particular order of Rank)

• Aerosila
• Airmaster Propellers Ltd
• Dowty Propellers
• DUC Hélices Propellers
• FP-propeller Srl
• GSC Systems Inc.
• Hartzell Propeller
• Hélices E-Props
• Hercules Propellers Ltd
• McCauley Propeller Systems (Textron Aviation Inc.)
• MT-Propeller Entwicklung GmbH
• Peter De Necker
• Sensenich Propeller
• Whirlwind Propellers Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Aircraft Turboprop Propeller System Market

Which Region Dominates the Aircraft Turboprop Propeller System Market in 2024?

According to Cognitive Market Research, North America dominated the market in the year 2024. It accounted for around 40% of global revenue as the region is home to leading manufacturers such as Hamilton Sundstrand Corporation and Hartzell Propeller Inc., which have established a strong presence and reputation in the industry. Additionally, North America boasts a significant fleet of turboprop-powered aircraft, particularly in the regional aviation sector, driving demand for propeller systems.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Aircraft Turboprop Propeller System market due to the region's expanding economy has led to increased demand for regional air travel, particularly in remote and underserved areas where turboprop aircraft are well-suited. Further, the government initiatives to improve air connectivity and infrastructure in emerging economies have spurred investment in turboprop-powered aircraft. Additionally, the focus on cost-efficient operations and fuel savings has made turboprop aircraft an attractive option for airlines operating in the region.

The current report Scope analyzes Aircraft Turboprop Propeller System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Aircraft Turboprop Propeller System

According to Cognitive Market Research, the global Aircraft Turboprop Propeller System market size was estimated at USD 351.6 Million, out of which North America held the primary market of more than 40% of the global revenue with the market size of USD 140.64 million in 2024 and will grow at the compound yearly growth rate (CAGR) of 4.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Aircraft Turboprop Propeller System market with a market size of USD 110.96 million in 2024 and is foreseen to grow at a CAGR of 4.6% throughout the forecast years due to the demand for regional aviation solutions, advancements in fuel-efficient technologies, and the need for reliable and cost-effective short-haul aircraft for both commercial and military applications.
• The Canadian aircraft Turboprop Propeller System market had a market share of USD 16.88 million in 2024 and is foreseen to grow at a CAGR of 5.6% during the forecast years due to the regional connectivity needs, advancements in turboprop technology, and the demand for fuel-efficient, versatile aircraft suitable for diverse terrains and climates.
• The Mexico Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 5.3% during the forecast years, with a market size of USD 12.80 million in 2024.

Europe Aircraft Turboprop Propeller System

According to Cognitive Market Research, the global Aircraft Turboprop Propeller System market size was estimated at USD 351.6 Million, out of which Europe held the market of more than 30% of the global revenue with the market size of USD 105.48 million in 2024 and will grow at the compound yearly growth rate (CAGR) of 5.1% from 2024 to 2031.

• The United Kingdom Aircraft Turboprop Propeller System market had a market share of USD 17.72 million in 2024 and is foreseen to grow at a CAGR of 5.9% during the forecast years. In the UK, Aircraft Turboprop Propeller System sales witness an upswing due to the need for cost-efficient regional air travel, advancements in propeller technology, and increasing demand for sustainable and fuel-efficient aviation solutions.
• The France Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 4.3% during the forecast years, with a market size of USD 9.70 million in 2024.
• According to Cognitive Market Research, the German aircraft Turboprop Propeller System market size was valued at USD 20.89 million in 2024 and is foreseen to grow at a CAGR of 5.3% during the forecast period due to the demand for versatile, cost-effective regional transportation solutions and the country's commitment to sustainable aviation practices.
• The Italy Aircraft Turboprop Propeller System market is foreseen to witness growth at a CAGR of 4.5% during the forecast years, with a market size of USD 9.07 million in 2024.
• The Russia Aircraft Turboprop Propeller System market is foreseen to witness growth at a CAGR of 4.1% during the forecast years, with a market size of USD 16.35 million in 2024.
• The Spain Aircraft Turboprop Propeller System market is foreseen to witness growth at a CAGR of 4.2% during the forecast years, with a market size of USD 8.65 million in 2024
• The Luxembourg Aircraft Turboprop Propeller System market is foreseen to witness growth at a CAGR of 5.2% during the forecast years, with a market size of USD 3.27 million in 2024.
• The Portugal Aircraft Turboprop Propeller System market is foreseen to witness growth at a CAGR of 4.9% during the forecast years, with a market size of USD 2.22 million in 2024.
• The Greece Aircraft Turboprop Propeller System market is foreseen to witness growth at a CAGR of 5.4% during the forecast years, with a market size of USD 1.27 million in 2024.
• Rest of Europe's Aircraft Turboprop Propeller System market is foreseen to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 16.35 million in 2024.

Asia Pacific Aircraft Turboprop Propeller System

According to Cognitive Market Research, the global Aircraft Turboprop Propeller System market size was estimated at USD 351.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with the market size of USD 80.87 million in 2024 and will grow at the compound yearly growth rate (CAGR) of 8.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Aircraft Turboprop Propeller System market size was valued at USD 36.39 million in 2024 and is foreseen to grow at a CAGR of 8.1% during the forecast period. Aircraft Turboprop Propeller System sales surged in China due to the burgeoning demand for regional connectivity, government initiatives promoting regional development, and the expansion of air transportation infrastructure.
• The Japan Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 7.1% during the forecast years, with a market size of USD 11.16 million in 2024.
• The India Aircraft Turboprop Propeller System market had a market share of USD 9.70 million in 2024 and is foreseen to grow at a CAGR of 10.4% throughout the forecast years due to the demand for cost-effective regional connectivity and the growth of regional airlines.
• The South Korea Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 7.7% during the forecast period, with a market size of USD 8.09 million in 2024.
• The Australia Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 8.3% during the forecast years, with a market size of USD 4.21 million in 2024.
• The South East Asia Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 9.6% during the forecast period, with a market size of USD 5.58 million in 2024.
• The Rest of Asia Pacific Aircraft Turboprop Propeller System market is projected to witness growth at a CAGR of 8.4% throughout the forecast years, with a market size of USD 5.74 million in 2024.

South America Aircraft Turboprop Propeller System

According to Cognitive Market Research, the global Aircraft Turboprop Propeller System market size was estimated at USD 351.6 Million, out of which Latin America market of more than 5% of the global revenue with the market size of USD 17.58 million in 2024 and will grow at a compound yearly growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Aircraft Turboprop Propeller System market size was valued at USD 7.52 million in 2024 and is foreseen to grow at a CAGR of 6.6% throughout the forecast period. Aircraft Turboprop Propeller System sales flourish in Brazil due to the demand for cost-effective regional air travel solutions, spurred by the country's extensive network of smaller airports and regional connectivity needs.
• Argentina Aircraft Turboprop Propeller System market had a market share of USD 2.95 million in 2024 and is foreseen to grow at a CAGR of 6.9% during the forecast years due to the need for cost-effective regional transportation solutions and support for remote areas with limited infrastructure.
• Colombia Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 5.8% during the forecast years, with a market size of USD 1.56 million in 2024.
• Peru Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 6.2% during the forecast years, with a market size of USD 1.44 million in 2024.
• Chile Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 6.3% during the forecast years, with a market size of USD 1.27 million in 2024.
• The Rest of Latin America Aircraft Turboprop Propeller System market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 2.83 million in 2024.

Middle East and Africa Aircraft Turboprop Propeller System

According to Cognitive Market Research, the global Aircraft Turboprop Propeller System market size was estimated at USD 351.6 Million, out of which the Middle East and Africa held the primary market of around 2% of the global revenue with the market size of USD 7.03 million in 2024 and will grow at the compound yearly growth rate (CAGR) of 6.3% from the year 2024 to 2031.

• The GCC Countries Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 7.1% during the forecast period with a market size of USD 3.01 million in 2024. Aircraft Turboprop Propeller System sales flourish due to government investments in regional connectivity, defense capabilities, and expanding air transport infrastructure.
• The Egypt Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 6.6% during the forecast years, with a market size of USD 0.74 million in 2024.
• The South Africa Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 7.3% during the forecast years, with a market size of USD 1.11 million in 2024. Aircraft Turboprop Propeller System sales flourish in South Africa due to the regional connectivity demands, cost-effectiveness, and military applications.
• The Turkey Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 5.8% during the forecast years, with a market size of USD 0.60 million in 2024.
• The Nigeria Aircraft Turboprop Propeller System market is foreseen to experience growth at a CAGR of 5.4% during the forecast years, with a market size of USD 0.74 million in 2024.
• The Rest of the MEA Aircraft Turboprop Propeller System market is projected to witness growth at a CAGR of 5.3% during the forecast years, with a market size of USD 0.83 million in 2024.

Aircraft Turboprop Propeller System Market Analysis

Aircraft Turboprop Propeller System Market Material Segment Analysis

According to Cognitive Market Research, Composite Based Propellers stand out as the dominating category due to their numerous advantages over traditional metal propellers. Composites offer significant weight savings, which directly translates to boost efficiency and operational cost savings for airlines. Additionally, composite materials are highly resistant to corrosion and fatigue, leading to longer service life and reduced maintenance requirements compared to metal propellers. Their flexibility in design also allows for optimized aerodynamics, resulting in improved performance and reduced noise levels. Moreover, composite propellers are better suited for modern turboprop engines, which operate at higher speeds and temperatures, further enhancing efficiency and reliability. As airlines and aircraft manufacturers prioritize fuel efficiency, durability, and performance, composite-based propellers have become the preferred choice, driving their dominance in the Aircraft Turboprop Propeller System market.

Aluminum Propeller emerges as the fastest-growing category in the Aircraft Turboprop Propeller System market as aluminum propellers offer a balance between performance, durability, and cost-effectiveness, making them an attractive choice for aircraft manufacturers and operators seeking efficient propulsion solutions. Additionally, advancements in manufacturing techniques, such as computer-aided design (CAD) and CNC machining, have led to the production of high-quality aluminum propellers with improved aerodynamic efficiency and reduced weight. Moreover, aluminum propellers are highly versatile and can be customized in order to meet the specific requirements of different aircraft models and operating conditions. This versatility has fueled their adoption across a wide range of applications, including regional airliners, general aviation aircraft, agricultural planes, and military transports.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aircraft Turboprop Propeller System Industry. Request a Free Sample PDF!

Application Segment Analysis

According to Cognitive Market Research, the dominating category is commercial aircraft due to the widespread use of turboprop-powered aircraft in regional and short-haul operations. Commercial airlines favor turboprop aircraft for routes with relatively short distances and lower passenger demand due to their fuel efficiency, operational flexibility, and ability to access airports with shorter runways. Turboprop propulsion offers significant advantages over jet engines in terms of fuel consumption, especially at lower speeds and altitudes typically encountered in regional flights. Additionally, turboprop aircraft are often more cost-effective to operate and maintain than their jet-powered counterparts, making them attractive options for airlines seeking to optimize operating expenses while providing reliable service to underserved markets.

The fastest-growing category in the Aircraft Turboprop Propeller System market is military aircraft due to increasing global security concerns, especially in regions with rugged terrain or limited infrastructure. Turboprop-powered military aircraft offer several advantages, including short takeoff and landing capabilities, enhanced maneuverability, and lower operating costs compared to jet-powered counterparts. Additionally, the advancements in technology have caused development of sophisticated turboprop systems with improved performance, reliability, and mission versatility, further driving demand from defense agencies for turboprop-powered aircraft for various roles such as surveillance, reconnaissance, transport, and maritime patrol.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Aircraft Turboprop Propeller System Component Segment Analysis

Aircraft Turboprop Propeller System Market Component Segment Analysis

According to Cognitive Market Research, the dominating category is blades due to their direct impact on performance, efficiency, and safety. As the primary component responsible for generating thrust, the design and quality of propeller blades significantly influence an aircraft's overall performance, fuel efficiency, and noise levels. Manufacturers invest heavily in research and development to enhance blade aerodynamics, material strength, and manufacturing processes to improve overall system efficiency and reduce operating costs. Additionally, advancements in blade technology, such as composite materials and advanced manufacturing techniques, enable manufacturers to produce lighter, stronger, and more durable blades, further enhancing performance and reliability.

The fastest-growing category in the Aircraft Turboprop Propeller System market is hub due to the advancements in manufacturing technologies, like additive manufacturing and CNC machining, have significantly enhanced the production efficiency and precision of propeller hubs, allowing for faster turnaround times and lower production costs. Additionally, the surging demand for lightweight and durable materials, such as advanced composites and titanium alloys, has led to the development of high-performance hub designs that offer improved strength-to-weight ratios and fatigue resistance, thereby enhancing aircraft performance and reliability. Moreover, the trend towards modular and customizable propeller systems has fueled demand for hub configurations that can accommodate various blade designs and operational requirements, catering to the diverse needs of aircraft manufacturers and operators.

• Blade
• Hub
• Others

Aircraft Turboprop Propeller System Sales Channel Segment Analysis

Sales Channel Segment Analysis

According to Cognitive Market Research, the dominating category is aftermarket due to the lifespan of turboprop propeller systems is significantly longer than the airframe they are attached to, leading to a substantial demand for replacement parts, repairs, and overhauls throughout the aircraft's operational life. Secondly, as aircraft operators seek to extend the service life of their fleets and maximize efficiency, they often turn to aftermarket solutions for cost-effective maintenance and upgrades. Thirdly, aftermarket providers offer a wide range of services, including component repairs, blade refurbishment, and performance enhancements, catering to the diverse needs of operators across various sectors, such as commercial aviation, general aviation, and military.

The fastest-growing category in the Aircraft Turboprop Propeller System market is OEM, as it benefits from the increasing demand for new turboprop-powered aircraft, particularly in regions with growing regional and short-haul air travel markets. As airlines and operators seek modern, fuel-efficient aircraft to replace aging fleets, OEMs capitalize on this demand by providing integrated propulsion solutions tailored to specific aircraft models. OEMs leverage technological advancements to develop innovative propeller systems that offer improved performance, efficiency, and reliability. By investing in research and development, OEMs can stay at the forefront of turboprop propulsion technology, attracting customers seeking cutting-edge solutions.

• Original Equipment Manufacturer (OEM)
• Aftermarket

Author's Detail

Anjali Lawand

Research Associate at Cognitive Market Research

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Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.

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