Market Overview:
The global fixed wing turbine aircraft market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for general aviation, scheduled air transport and military aviation applications across the globe. Additionally, the increasing investments in R&D by aircraft manufacturers for developing new and advanced fixed wing turbine aircraft is also propelling the growth of this market. Some of the key players operating in this market are Airbus SE (France), Boeing Company (U.S.), Bombardier Incorporation (Canada), Embraer S/A (Brazil) and United Technologies Corporation (U.S.).
Product Definition:
A fixed-wing aircraft is a heavier-than-air flying machine that utilizes wings to generate lift. The term "fixed wing" is used in contrast to rotary wing aircraft, which use a spinning rotor to create lift. Fixed wing turbine aircraft are distinguished from piston engine powered fixed wing aircraft by the use of turbine engines instead of reciprocating engines. These engines offer greater fuel efficiency and longer range than piston powered counterparts, making them the preferred choice for military and commercial applications.
Business Jet:
Business jet is a term used for describe the aircrafts that are purpose built to carry passengers and cargo. They are often referred to as jets, although some are large enough to accommodate up to eighteen passengers. The business jet industry has been growing at an exponential rate over the past few years owing to factors such as increasing disposable income, rapid globalization, and technological advancements in aerospace engineering.
Military Aircraft:
The global military aircrafts market is expected to witness significant growth over the forecast period. The primary factor driving this growth is increasing defense expenditure by various countries around the globe. In addition, rise in terrorist activities and border disputes are also anticipated to propel demand for military aircraft over the next eight years.
Application Insights:
The scheduled air transport (SAT) segment dominated the global fixed wing turbine aircraft market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing demand for commercial and business aviation services across various end-use industries such as tourism, media and entertainment, transportation and logistics, emergency medical services among others. In addition, growing environmental concerns regarding carbon emissions from conventional jet engines is expected to drive the demand for alternative fuel powered aircraft types that are more efficient than their counterparts over the forecast period.
The general aviation segment is anticipated to witness significant growth in terms of both revenue generation as well as fleet size during the forecast period owing to rising awareness about flying clubs across developed economies including U.K.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid growth in GDP and aviation industry. The region has witnessed significant growth in general aviation activities over the past few years, which is further anticipated to drive the turbine aircraft market over the forecast period. Furthermore, increasing military expenditure by countries such as China and India are likely to contribute towards increased demand for fixed-wing turboprops and jets across Asia Pacific region.
North America accounted for more than 25% of total revenue share in 2017 owing high demand from U.S., Canada, Mexico, and other Central & South American countries coupled with strong presence of global manufacturers such as GE Aviation Systems Inc.; Pratt & Whitney Canada; Rolls-Royce Holdings plc; Honeywell International Inc.; United Technologies Corporation; etc.).
Growth Factors:
- Increasing demand for air travel due to globalization and rising income levels in emerging economies is expected to drive the growth of the fixed wing turbine aircraft market.
- The increasing number of low-cost carriers and the rise in passenger traffic are also expected to propel the growth of this market during the forecast period.
- The development of new airports and modernization of existing airports is anticipated to create opportunities for players in this market over the next few years.
- The increasing use of fixed wing turbine aircraft for military applications is projected to boost demand for these aircraft during the forecast period.
- Technological advancements such as introduction of more fuel-efficient engines and development of advanced avionics are likely to spur growth prospects for this market in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Fixed Wing Turbine Aircraft Market Research Report
By Type
Business Jet, Military Aircraft
By Application
General Aviation, Scheduled Air Transport, Military Aviation
By Companies
ATR Aircraft, Bombardier, Embraer, Boeing, Airbus, Cirrus Aircraft, HondaJet, Textron Aviation, Pilatus, Grob Aircraft, ATR Aircraft, Gulfstream, One Aviation, Diamond Aircraft, Flight Design, Tecnam Aircraft
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Fixed Wing Turbine Aircraft Market Report Segments:
The global Fixed Wing Turbine Aircraft market is segmented on the basis of:
Types
Business Jet, Military Aircraft
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
General Aviation, Scheduled Air Transport, Military Aviation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ATR Aircraft
- Bombardier
- Embraer
- Boeing
- Airbus
- Cirrus Aircraft
- HondaJet
- Textron Aviation
- Pilatus
- Grob Aircraft
- ATR Aircraft
- Gulfstream
- One Aviation
- Diamond Aircraft
- Flight Design
- Tecnam Aircraft
Highlights of The Fixed Wing Turbine Aircraft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Business Jet
- Military Aircraft
- By Application:
- General Aviation
- Scheduled Air Transport
- Military Aviation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fixed Wing Turbine Aircraft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fixed wing turbine aircraft is an aircraft that uses a turbine engine to generate power. This type of aircraft is different from traditional airplanes because the turbines are located on the wings rather than in the fuselage. This allows for greater efficiency and speed, as well as reduced weight and complexity.
Some of the major players in the fixed wing turbine aircraft market are ATR Aircraft, Bombardier, Embraer, Boeing, Airbus, Cirrus Aircraft, HondaJet, Textron Aviation, Pilatus, Grob Aircraft, ATR Aircraft, Gulfstream, One Aviation, Diamond Aircraft, Flight Design, Tecnam Aircraft.
The fixed wing turbine aircraft market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fixed Wing Turbine Aircraft Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fixed Wing Turbine Aircraft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fixed Wing Turbine Aircraft Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fixed Wing Turbine Aircraft Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fixed Wing Turbine Aircraft Market Size & Forecast, 2020-2028
4.5.1 Fixed Wing Turbine Aircraft Market Size and Y-o-Y Growth
4.5.2 Fixed Wing Turbine Aircraft Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Business Jet
5.2.2 Military Aircraft
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 General Aviation
6.2.2 Scheduled Air Transport
6.2.3 Military Aviation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fixed Wing Turbine Aircraft Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fixed Wing Turbine Aircraft Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Business Jet
9.6.2 Military Aircraft
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 General Aviation
9.10.2 Scheduled Air Transport
9.10.3 Military Aviation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Business Jet
10.6.2 Military Aircraft
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 General Aviation
10.10.2 Scheduled Air Transport
10.10.3 Military Aviation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Business Jet
11.6.2 Military Aircraft
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 General Aviation
11.10.2 Scheduled Air Transport
11.10.3 Military Aviation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Business Jet
12.6.2 Military Aircraft
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 General Aviation
12.10.2 Scheduled Air Transport
12.10.3 Military Aviation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Business Jet
13.6.2 Military Aircraft
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 General Aviation
13.10.2 Scheduled Air Transport
13.10.3 Military Aviation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fixed Wing Turbine Aircraft Market: Competitive Dashboard
14.2 Global Fixed Wing Turbine Aircraft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ATR Aircraft
14.3.2 Bombardier
14.3.3 Embraer
14.3.4 Boeing
14.3.5 Airbus
14.3.6 Cirrus Aircraft
14.3.7 HondaJet
14.3.8 Textron Aviation
14.3.9 Pilatus
14.3.10 Grob Aircraft
14.3.11 ATR Aircraft
14.3.12 Gulfstream
14.3.13 One Aviation
14.3.14 Diamond Aircraft
14.3.15 Flight Design
14.3.16 Tecnam Aircraft
