Piston Engine Aircraft Market Size is Projected to Reach US$ 1,170 Million by 2028, Industry CAGR 4.2% | IMARC Group

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.

Piston engine aircraft is generally equipped with one or more piston-powered engines for converting high pressure and temperature into rotational motion. The key components of a piston engine include cylinders, crankcase, pistons, valve-operating equipment, connecting rods and crankshafts that aid in generating power that provides thrust to the aircraft. Its design is similar to the interior of a small car and is widely used for carrying one to six passengers for short missions. It runs on aviation gasoline that offers higher power output, compression ratio and efficiency at higher altitudes. There has been a considerable rise in the adoption of piston engine aircraft due to the growing passenger traffic across developing countries.

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Piston Engine Aircraft Market Trends:

The global market is primarily driven by significant growth in the aviation industry. Along with this, leading players in the market are heavily investing in the deployment of advanced features, such as side yokes, a cirrus airframe parachute system (CAPS) and composite airframe for enhancing the safety of pilots, which are gaining widespread prominence across the globe. Moreover, the rising product demand for training purposes across the defense sector is also acting as one of the key factors driving the growth of the market. In line with this, the escalating preference for fuel-efficient aircraft with high compression ratios and the widespread adoption of piston engine aircraft in agricultural applications, including aerial application of fertilizers or pesticides, are providing a boost to the market growth. Other factors, including continuous innovations in piston aircraft, increasing investments for upgrading the defense infrastructure and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth.

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

Competitive Landscape With Key Players:

The competitive landscape of the piston engine aircraft market has been studied in the report with the detailed profiles of the key players operating in the market.

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 Market Segmentation:

The report has segmented the piston engine aircraft on the basis of type, maximum take-off weight, application and region.

Breakup by Type:

• Single Engine
• Multi-Engine

Breakup by Maximum Take-off Weight:

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

Breakup by Application:

• Military and Defense
• Commercial

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4834&flag=E

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

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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