Europe Turboprop Aircraft Market: Opportunities, Size, Share, Emerging Trends, Technological Innovation and Forecast: 2022-2031

Japan, Japan, Wed, 30 Mar 2022 00:55:50 / Comserve Inc. / -- The European turboprop aircraft market is expected to exhibit a CAGR of more than 1.5% during the forecast period 2022-2031.

The European turboprop aircraft market is expected to exhibit a CAGR of more than 1.5% during the forecast period 2022-2031.

- Factors, like the development of new small and medium-sized airports in the region, modernization of the existing fleet, acquisition of new turboprop aircraft by airlines, such as TAROM, and new shorter routes, are significantly driving the growth of the turboprop aircraft market in Europe. Many flight routes in Europe are below 1,000 kilometers, and the opportunities for using turboprop aircraft instead of narrow-body turbofan aircraft for short-haul operations are propelling the growth of the market in the region.
- The presence of international aircraft engine manufacturers and collaborations with local manufacturers that are focusing on reducing the aircraft emission in European skies is also propelling the growth of the market, as turboprop aircraft generate less emission compared to a turbofan engine on shorter routes. In September 2019, Safran joined hands with ZF Luftfahrttechnik and MT-Propeller to develop a turboprop engine derived from Safran's Ardiden 3 engine. The new engine will be used for unmanned and military applications.
- The general aviation market in Europe is exhibiting signs of growth, owing to the technological collaborations and economic growth in the region. In 2019, Europe took 12.8% of the total global deliveries of turboprop aircraft for general aviation purposes.

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Key Market Trends

The Military Aviation Segment to Exhibit a Significant Growth Rate

The rise in military spending by European countries, such as France, the United Kingdom, Germany, Ukraine, and Norway, on the development and modernization of their respective air forces is propelling the growth of the military turboprop aircraft market in Europe. In order to provide better training to their pilots, many European countries are investing in the procurement of trainer aircraft. In December 2019, Spain issued a tender for the procurement of new trainer jets to replace its aging fleet of Casa C-101 trainer aircraft and ordered 24 Pilatus PC-21 trainer jets in January 2020. The military turboprop transport aircraft market is also expected to exhibit a healthy growth rate during the forecast period. In 2018, Germany announced its plans to procure six C-130J Hercules aircraft from Lockheed Martin. Germany and France are also planning to establish a common manufacturing facility for C 130J Hercules aircraft, to equip their air forces with more power at reduced costs. However, programs, such as Airbus A400M Atlas, aircraft did not perform up to the expectations, and many air forces, such as Germany's Luftwaffe and Britain's Royal Air Force, criticized the aircraft for its technical problems. However, recent military certifications for A400M Atlas, issued by the Certification and Qualification Committee, in 2020, are expected to bring in more revenue to Airbus.

The United Kingdom to Exhibit the Highest Growth Rate

While many prominent nations in Europe are showing reluctancy in buying more turboprop aircraft for various applications, the United Kingdom is investing in upgrading the existing turboprop fleet and the procurement of new aircraft. Manufacturers are setting up new facilities for the development of aircraft turboprop systems. For instance, in December 2019, Dowty Propellers inaugurated a new propeller system manufacturing facility in Brockworth. The general aviation market in the United Kingdom is exhibiting signs of growth, owing to the development in the business ecosystem. In May 2020, the British government allowed recreational general aviation flying from England's airfields for strict implementation of social distancing norms, after the COVID-19 outbreak. This factor is expected to propel the demand for light turboprop aircraft in the United Kingdom. Earlier, Longair took over 16 routes that were serviced by Flybe, which ceased its operations in 2020, and the airline announced its plan to operate turboprop flights on more than five routes from March 2020. In February 2020, the United Kingdom's Maritime and Coastguard Agency (MCA) incorporated two new advanced Beechcraft King Air B200 planes equipped with advanced sensors, emergency locator beacons, electro-optical infrared cameras, and other devices capable of spotting minute dangers from as far as 40 miles away. The aforementioned developments are fueling the market growth for turboprop aircraft in the United Kingdom.

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Competitive Landscape

The turboprop aircraft market in Europe is marked by the presence of many prominent global and local players. Some of the prominent players in this market are Textron Inc., DAHER, ATR, Lockheed Martin Corporation, and Pilatus Aircraft Ltd. A significant share of the market is dominated by ATR, as it caters to several low-cost carriers. The development of light turboprop business aircraft is picking up pace in the region, owing to the growth in businesses. The players see turboprop aircraft as a potential solution, to a certain extent, for the reduction of Europe's aviation pollution.

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