Market Trends of Europe Turboprop Aircraft Industry
Commercial Segment Will Showcase Remarkable Growth During the Forecast Period
The commercial segment is anticipated to show significant growth in the market during the forecast period. The growth is attributed to the increasing airport projects, rise in disposable income of people, and introduction of new routes across cities. With the growing emphasis on smart airports, the operators are highly investing in new and improved infrastructure. The evolution of technology has enabled the authorities to incorporate various advanced technologies that enhance the passenger experience at airports.
Europe region made one of the highest investments in the world in airport construction and expansion activities in 2022. For instance, the Son Sant Joan Mallorca Airport Redevelopment project involves the redevelopment of the Son Sant Joan Mallorca Airport in the Balearic Islands, Spain. Construction began in the beginning of 2023 and is expected to be completed in three years.. The project aims to increase the airport's operational capacity, reduce delays and traffic congestion, and improve user safety.
Besides these, introducing new routes across European cities will add to the market growth. For instance, in August 2023, Aeroitalia announced that it would open three new routes from Milan, Naples, and Rome to Marche Airport, connecting the city of Ancona and the Marche province with Italy's main cities. Aeroitalia is set to increase its regional connectivity by employing its turboprop ATR 72-600 fleet. Such developments will boost the commercial segment of the market.
United Kingdom to Exhibit the Highest Growth Rate
While many prominent European nations are reluctant to buy more turboprop aircraft for various applications, the United Kingdom is investing in upgrading the existing turboprop fleet and procuring new aircraft. Manufacturers are setting up new facilities for the development of aircraft turboprop systems.
In addition, the rise in aircraft orders and deliveries is also adding to the market growth. In May 2023, the Royal Air Force took the delivery of the 22nd Atlas C1 (A400M) transport aircraft and completed the delivery development & production phase. Simultaneously, its tactical capability will expand, including the full range of support to UK airborne forces. Recently, 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. Such developments will drive the demand for turboprops in the United Kingdom.
