NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) — Reportlinker.com is pleased to announce the release of the report “Global Piston Aircraft Market – Size, Share, Impact of COVID-19 and Forecast to 2028.” reportlinker.com/p06381500/?utm_source=GNW
Fastest Growing Markets by Region – Middle East and Africa: The adoption rate of piston fixed-wing aircraft is high as countries around the world increasingly need to meet the training requirements of their future pilots.
Largest Market by Country – United States: Increased use of piston fixed-wing aircraft in flight training academies and various other areas is one of the major factors driving the US market.
Key market trends
North America is the largest segment by region.
Pilot training institutions procure these aircraft primarily because they have the advantage of providing training to their pilots. Suitable for flying at low altitudes and moderate speeds, its natural maneuverability makes it a favorite in pilot training facilities around the world.
Over the next 20 years, 763,000 new civil aviation pilots will be needed to operate and maintain the world’s aircraft. Agricultural applications such as aerial spraying of pesticides and fertilizers and hydroelectric power generation have also helped procure piston aircraft.
Piston-powered fixed-wing aircraft accounted for approximately 35% share of all general aviation delivered in the country between 2016 and 2021. The North America region currently dominates the market.
Between 2016 and 2021, North America accounted for over 66% of all global piston fixed-wing aircraft, and between 2022 and 2028, nearly 69 of all global piston fixed-wing aircraft shipments. % will be North America. Register the highest growth rate during the forecast period.
Following North America, Asia Pacific is expected to register the highest growth rate during the forecast period. As of 2021, there are 356 aviation training facilities operating 2,931 fixed-wing aircraft across the Asia-Pacific region. The region will account for nearly 15% of all piston-powered fixed-wing aircraft delivered globally between 2022 and 2028.
The global piston aircraft market is highly consolidated, with the top five companies accounting for 93.32%. Major players in this market are Cirrus Design Corporation, Diamond Aircraft, Piper Aircraft Inc., Tecnam Aircraft and Textron Inc. (in alphabetical order).
Market forecast (ME) sheet in Excel format
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Read the full report: https://www.reportlinker.com/p06381500/?utm_source=GNW
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