Piston Engine Aircraft Market Report 2023 | Top Companies Share, Growth, Trends and Forecast to 2028

According to IMARC Group's latest report, titled "Piston Engine Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the global piston engine aircraft market size reached US$ 907 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,170 Million by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028

The piston engine aircraft, or reciprocating engine aircraft, is a type of airplane consisting of an internal combustion engine that uses pistons and cylinders in place of turbines to generate power. The piston engine lessens the gap between the piston and cylinder, thus creating high compression. This produces a huge amount of heat, resulting in low fuel consumption. These types of aircraft are simple, reliable, and require low maintenance.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report

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The global piston engine aircraft market is being driven by the remarkable growth of the aviation industry around the world. With the increase in air traffic, the demand for fuel-efficient and long-life aircraft is increasing. The market growth is further augmented by the increasing demand for single-engine piston aircraft for trading, training, hydro-seeding, and aerial application of pesticides or fertilizers. Other factors such as rising consumer spending capacity, along with several government initiatives to encourage the construction of small airfields, are also anticipated to propel the market growth.

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Piston Engine Aircraft Market 2023-2028 Competitive Analysis and Segmentation:

Based On Type:

Single Engine
Multi-Engine

Based On Maximum Take-off Weight:

Less than 1000 Kg
1000-2000 Kg
More than 2000 Kg 

Based On Application:

Military and Defense
Commercial

Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Some of these key players include:

American Champion Aircraft Corporation
Cirrus Aircraft
The Aviation Industry Corporation of China
Costruzioni Aeronautiche TECNAM S.p.A.
CubCrafters Inc.
Diamond Aircraft Industries
Wanfeng Aviation Industry Co. Ltd.
Discovery Aviation Inc.
Garmin Ltd.
ICON Aircraft Inc.
Piper Aircraft Inc
Textron Inc.

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Country: United States
Website: https://www.imarcgroup.com/

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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