Market Share of Europe Turboprop Aircraft Industry
The turboprop aircraft market in Europe is consolidated in nature, with prominent local and global players holding significant shares in the market. Some of the key players in the market are Textron Inc., DAHER, ATR, Lockheed Martin Corporation, and PILATUS AIRCRAFT LTD. ATR dominates a significant market share, catering to several low-cost carriers.
The development of light turboprop business aircraft is growing in the region, owing to business growth. The players see turboprop aircraft as a potential solution, to a certain extent, for the reduction of Europe's aviation pollution. Thus, players are launching the latest turboprop aircraft models with advanced technologies that might effectively reduce aviation's carbon footprint. For instance, in April 2023, Daher’s efficient and fast single-engine turboprop aircraft TBM 960 made its first public European appearance at the AERO Friedrichshafen, Europe’s largest general aviation exhibition.
Europe Turboprop Aircraft Market Leaders
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Textron Inc.
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DAHER
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Lockheed Martin Corporation
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ATR
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PILATUS AIRCRAFT LTD
*Disclaimer: Major Players sorted in no particular order
