Piston Aircraft Market Size

The Piston Aircraft Market is projected to experience significant growth, driven by advancements in technology that enhance aircraft capabilities, including improvements in avionics, fuel efficiency, engine performance, and safety features. This market expansion is largely supported by the demand from pilot training institutes, which favor piston fixed-wing aircraft for their suitability in training due to their ability to operate at low altitudes and moderate speeds. Additionally, agricultural applications are contributing to the market's growth. North America currently leads in market share, with Asia-Pacific expected to show the highest growth rate in the coming years.

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Market Size of piston aircraft Industry

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Piston Aircraft Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Base Year For Estimation 2023
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.40 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 2.09 Billion
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region North America
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.90 %

Major Players

Piston Aircraft Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Piston Aircraft Market Analysis

The Piston Aircraft Market size is estimated at 1.40 billion USD in 2024, and is expected to reach 2.09 billion USD by 2030, growing at a CAGR of 6.90% during the forecast period (2024-2030).

1.4 B

Market Size in 2024 (USD)

2.1 B

Market Size in 2030 (USD)

9372

Total Deliveries in the Historic Period (2017-2023)

14616

Total Deliveries during the Forecast Period (2024-2030)

Largest Market by Region

71.25 %

value share, North America, 2023

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The United States is the major contributor to the growth of the region because of its increased procurement of piston aircraft across notable sectors.

Fastest-growing Market by Region

9.79 %

Projected CAGR, Asia-Pacific, 2024-2030

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The adoption rate of piston fixed-wing aircraft is higher because of the increasing need to meet the training requirements of future pilots.

Largest Market by Country

56.33 %

value share, United States, 2023

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The increasing usage of piston-wing aircraft in flight training academies and in various other sectors is one of the major factors driving the market studied in the United States.

Leading Market Player

29.04 %

market share, Cirrus Design Corporation, 2022

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It provides various types of aircraft that connect both the pilot and aircraft for improved workload management and extended training opportunities.

Second Leading Market Player

16.69 %

market share, Textron Inc., 2022

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Textron Aviation, through its subsidiary Cessna, offers various types of technologically advanced products across all the sectors in general aviation, resulting in the second-highest market share.

North America is dominating the market, and the region is expected to grow by USD 1.6 billion by 2030

  • The aviation industry, including piston fixed-wing aircraft, has been experiencing advancements in technology. These advancements include improvements in avionics, fuel efficiency, engine performance, and safety features. The industry is likely to continue benefiting from technological innovations that enhance aircraft capabilities.
  • Pilot training institutes majorly procure these aircraft because of their added advantages in providing training for the pilots. They are appropriate for flying at low altitudes and moderate speeds and are well-liked by pilot training facilities worldwide due to their natural mobility. Piston fixed-wing aircraft are appropriate for flying at low altitudes and moderate speeds. They are well-liked by pilot training facilities worldwide due to their natural mobility. Thus, pilot training facilities place most of the orders for piston fixed-wing aircraft.
  • Over the next 20 years, 7,63,000 new civil aviation pilots will be required to operate and maintain the world fleet. Agricultural applications, such as aerial application of pesticides or fertilizers and hydro-seeding, have also aided the procurement of piston aircraft.​
  • North America dominated the market with a share of 69% of the overall piston fixed-wing aircraft delivered globally during 2017-2022. Following North America, Asia-Pacific is anticipated to register the highest growth rate during the forecast period.
  • As of 2022, 525+ aviation training facilities were operating 3000+ fixed-wing aircraft across Asia-Pacific. During 2022-2030, around 16,195 piston aircraft are expected to be delivered to the region.​
Global Piston Aircraft Market

Piston Aircraft Industry Segmentation

Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.

  • The aviation industry, including piston fixed-wing aircraft, has been experiencing advancements in technology. These advancements include improvements in avionics, fuel efficiency, engine performance, and safety features. The industry is likely to continue benefiting from technological innovations that enhance aircraft capabilities.
  • Pilot training institutes majorly procure these aircraft because of their added advantages in providing training for the pilots. They are appropriate for flying at low altitudes and moderate speeds and are well-liked by pilot training facilities worldwide due to their natural mobility. Piston fixed-wing aircraft are appropriate for flying at low altitudes and moderate speeds. They are well-liked by pilot training facilities worldwide due to their natural mobility. Thus, pilot training facilities place most of the orders for piston fixed-wing aircraft.
  • Over the next 20 years, 7,63,000 new civil aviation pilots will be required to operate and maintain the world fleet. Agricultural applications, such as aerial application of pesticides or fertilizers and hydro-seeding, have also aided the procurement of piston aircraft.​
  • North America dominated the market with a share of 69% of the overall piston fixed-wing aircraft delivered globally during 2017-2022. Following North America, Asia-Pacific is anticipated to register the highest growth rate during the forecast period.
  • As of 2022, 525+ aviation training facilities were operating 3000+ fixed-wing aircraft across Asia-Pacific. During 2022-2030, around 16,195 piston aircraft are expected to be delivered to the region.​
Region
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Thailand
Rest of Asia-Pacific
Europe
France
Germany
Italy
Netherlands
Russia
Spain
UK
Rest of Europe
Middle East and Africa
Algeria
Egypt
Qatar
Saudi Arabia
South Africa
Turkey
United Arab Emirates
Rest of Middle East and Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Brazil
Chile
Colombia
Rest of South America
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Piston Aircraft Market Size Summary

The piston aircraft market is poised for significant growth, driven by technological advancements in avionics, fuel efficiency, engine performance, and safety features. These innovations are enhancing the capabilities of piston fixed-wing aircraft, making them increasingly popular, particularly among pilot training facilities. These aircraft are favored for their suitability in low-altitude and moderate-speed operations, which are ideal for pilot training. The demand for piston aircraft is further bolstered by the need for new civil aviation pilots and their applications in agriculture, such as aerial pesticide application and hydro-seeding. The market is characterized by a high level of consolidation, with a few key players dominating the landscape.

North America currently leads the market, accounting for a significant portion of global deliveries, while the Asia-Pacific region is expected to experience the highest growth rate in the coming years. The region is home to numerous aviation training facilities operating a substantial number of fixed-wing aircraft. The market's major players, including Cirrus Design Corporation, Diamond Aircraft, Piper Aircraft Inc., Tecnam Aircraft, and Textron Inc., continue to innovate and expand their offerings. Recent developments, such as the approval of sustainable aviation fuel blends and significant orders from flight training academies, underscore the dynamic nature of the market and its potential for future expansion.

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Piston Aircraft Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Region

      1. 1.1.1 Asia-Pacific

        1. 1.1.1.1 Australia

        2. 1.1.1.2 China

        3. 1.1.1.3 India

        4. 1.1.1.4 Indonesia

        5. 1.1.1.5 Japan

        6. 1.1.1.6 Malaysia

        7. 1.1.1.7 Philippines

        8. 1.1.1.8 Singapore

        9. 1.1.1.9 South Korea

        10. 1.1.1.10 Thailand

        11. 1.1.1.11 Rest of Asia-Pacific

      2. 1.1.2 Europe

        1. 1.1.2.1 France

        2. 1.1.2.2 Germany

        3. 1.1.2.3 Italy

        4. 1.1.2.4 Netherlands

        5. 1.1.2.5 Russia

        6. 1.1.2.6 Spain

        7. 1.1.2.7 UK

        8. 1.1.2.8 Rest of Europe

      3. 1.1.3 Middle East and Africa

        1. 1.1.3.1 Algeria

        2. 1.1.3.2 Egypt

        3. 1.1.3.3 Qatar

        4. 1.1.3.4 Saudi Arabia

        5. 1.1.3.5 South Africa

        6. 1.1.3.6 Turkey

        7. 1.1.3.7 United Arab Emirates

        8. 1.1.3.8 Rest of Middle East and Africa

      4. 1.1.4 North America

        1. 1.1.4.1 Canada

        2. 1.1.4.2 Mexico

        3. 1.1.4.3 United States

        4. 1.1.4.4 Rest of North America

      5. 1.1.5 South America

        1. 1.1.5.1 Brazil

        2. 1.1.5.2 Chile

        3. 1.1.5.3 Colombia

        4. 1.1.5.4 Rest of South America

Piston Aircraft Market Size FAQs

The Global Piston Aircraft Market size is expected to reach USD 1.40 billion in 2024 and grow at a CAGR of 6.90% to reach USD 2.09 billion by 2030.

In 2024, the Global Piston Aircraft Market size is expected to reach USD 1.40 billion.

Piston Aircraft Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030