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Global Aircraft Piston Engines Market 2021: By Type (Single Engine, Multi Engine), By Maximum Take Off Weight (Less than 2000 kg, 1000-2000 kg, 2000 kg), By Application (Private Usage, Education Usage, Commercial Usage, Military Usage, Others)Global Aircraft Piston Engines Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global aircraft piston engines market report has been segmented on the basis of type, maximum take-off weight, application, and region.Request Covid - 19 Impact The Global Aircraft Piston Engines market size was valued at USD $119.29 Million in 2020, USD $122.75 Million in 2021, forecasted to reach USD $126.31 Million in 2022, and is projected to reach USD $138.26 Million by 2030, and is anticipated to expand at a CAGR of 2.9% over the forecast period from 2020 to 2030.
Global Aircraft Piston Engines Market: OverviewAircraft piston engine is component of propulsion system for aircrafts that generates high mechanical power. These aircraft engines are lightweight gas turbines or piston engines.
Global Aircraft Piston Engines Market: DynamicsRising demand for aircraft piston in various end-use applications such as military usage, commercial usage, and private usage is a major factor expected to drive global aircraft piston engine market growth. Increasing adoption of advanced aircraft piston engines for travelling at higher altitude is among another key factor expected to propel the global aircraft piston engines market growth over the forecast period. In addition, aircraft piston engine offers pilot control and reduces vibration of aircraft, which in turn expected to boost demand for these engines across the globe. This is another factor anticipated to drive growth of the target market. Growing demand for fuel-efficient aircraft is among another factor expected to drive the global aircraft piston engines market growth. Growing awareness regarding safety and security owing to increasing terrorism activities globally is a factor projected to fuel the global market growth. Furthermore, increasing government initiatives is another factor anticipated to boost demand for the aircraft piston engines market in the next 10 years. However, high cost of equipment is a major factor which may hamper demand for aircraft piston engines and in turn expected to restrain growth of the global market over the forecast period. In addition, weight of aircraft piston engines is high, which is a factor expected to hamper adoption of these engines and in turn expected to restrain growth of the target market to a certain extent.
Global Aircraft Piston Engines Market: Segment InsightsAmong the type segments, the single engine segment is estimated to account for highest CAGR in the global aircraft piston engines market, due to rising demand for single engine piston aircraft for training purpose for various end-use application such as commercial application, military application, and agricultural application. Among the application segments, the military usage segment is estimated to account for highest CAGR in the global aircraft piston engines market, owing to increasing adoption of aircraft piston engines in military application across the globe.
Global Aircraft Piston Engines Market: Region InsightsThe North America market is expected to accounts for highest revenue share in the target market, owing to ongoing technological advancements in aircraft piston engines in the countries in this region. The Asia Pacific market is projected to register a highest CAGR in the global market, owing to growing awareness regarding high altitude and more efficient aircraft in the countries in this region. Markets in Latin America and Middle East & Africa are expected to register moderate revenue growth, owing to inclining investments activates in the defense sector in countries in regions.
Below are the active patents related to Aircraft Piston Engines Market.Patent Number: US7905449B2 Multi-engine aircraft Abstract A multi-engine aircraft includes at least two first engines and a third engine located at a rear part of the fuselage, containing rear tail sections, along a vertical longitudinal plane of symmetry of the fuselage. The rear tail sections define a channel which is symmetrical with respect to the longitudinal plane of the fuselage. The third engine is arranged in the plane of symmetry of the channel corresponding to the longitudinal plane and is mounted on the upper part of the fuselage in a raised manner and in front of the tail sections, so that the outlet of the third engine is situated substantially at the inlet of the channel defined by the tail sections. Type: Grant Filed: 2005-06-29 Date of Patent:2011-03-15 Assignee : Airbus Operations SAS
Below are the leading companies profiled in this Aircraft Piston Engines Market Report:
Chapter 1 Methodology and Scope