According to IMARC Group’s latest report, titled “Piston Engine Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global piston engine aircraft market reached a value of US$ 0.865 Billion in 2021. The piston engine aircraft, or reciprocating engine aircraft, is a type of airplane consisting of an internal combustion engine that uses pistons and cylinders in place of turbines to generate power. The piston engine lessens the gap between the piston and cylinder, thus creating high compression. This produces a huge amount of heat, resulting in low fuel consumption. These types of aircraft are simple, reliable, and require low maintenance.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report

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The global piston engine aircraft market is being driven by the remarkable growth of the aviation industry around the world. With the increase in air traffic, the demand for fuel-efficient and long-life aircraft is increasing. The market growth is further augmented by the increasing demand for single-engine piston aircraft for trading, training, hydro-seeding, and aerial application of pesticides or fertilizers. Other factors such as rising consumer spending capacity, along with several government initiatives to encourage the construction of small airfields, are also anticipated to propel the market growth.  Looking forward, IMARC Group expects the market to reach US$ 1.12 Billion by 2027, exhibiting at a CAGR of 4.3% during 2022-2027.

Competitive Landscape:

• American Champion Aircraft Corporation
• Cirrus Aircraft
• The Aviation Industry Corporation of China
• Costruzioni Aeronautiche TECNAM S.p.A.
• CubCrafters Inc.
• Diamond Aircraft Industries
• Wanfeng Aviation Industry Co. Ltd.
• Discovery Aviation Inc.
• Garmin Ltd.
• ICON Aircraft Inc.
• Piper Aircraft Inc
• Textron Inc.

Key Market Segmentation:

Breakup by Type:

• Single Engine
• Multi-Engine

Breakup by Maximum Take-off Weight:

• Less than 1000 Kg
• 1000-2000 Kg
• More than 2000 Kg 

Breakup by Application:

• Military and Defense
• Commercial

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                           

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

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