Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Turboprop Engine Market size was valued at USD 18.5 billion in 2024 and is projected to reach USD 26.4 billion by the end of 2037, rising at a CAGR of 2.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of turboprop engine is estimated at USD 19 billion.
The increasing demand for short-haul and regional air travel is the key reason for the growth of the turboprop engine industry. Turboprop engines are fuel-efficient and cost-effective which makes these a preferred choice for regional carriers to optimize performance and profitability in shorter routes. They are essential for serving isolated locations due to their capacity to operate from shorter runways, which improves regional connection. Moreover, turboprop engines emit less CO2 per passenger mile as compared to jet engines, aligning with the aviation industry’s focus on reducing carbon emissions. The development and adoption of sustainable aviation fuels further make them a greener choice for regional air travel. This environmental advantage also influences airline procurement decisions as carriers seek to meet strict regulatory standards and cater to environmentally conscious passengers.
In addition, regional connectivity programs such as the UDAN Scheme of India and the EU’s Single European Sky have resulted in increasing demand for turboprop-powered aircraft. India’s UDAN (Ude Desh ka Aam Naagrik) scheme launched to enhance regional air connectivity has led to increased demand for turboprop aircraft. The program subsidizes flights to underserved airports making operations more viable for airlines using turboprops such as ATR 72 and Bombardier Q400.
Turboprop Engine Sector: Growth Drivers and Challenges
Growth Drivers
- Advancements in engine technology: Innovative engine design and materials have enhanced the performance, reliability, and efficiency of turboprop engines. Developments such as advanced aerodynamics and noise reduction technologies have made modern turboprops more competitive and appealing to commercial and military sectors. For instance, in January 2024, Turbotech in collaboration with Safran tested a hydrogen-fueled gas turbine engine designed for light aviation. This initiative under the BeautHyFuel project aimed at exploring hydrogen propulsion solutions for light airplanes. These advancements not only improve fuel efficiency but also reduce maintenance costs, thereby attracting more operators to adopt turboprop aircraft.
- Expansion of military and defense applications: Turboprop engines are widely used in military transport, surveillance, and search and rescue operations due to their reliability and fuel efficiency. An example highlighting the importance of turboprop engines in defense applications is the Indian Air Force’s procurement of six Dornier-228 aircraft from Hindustan Aeronautics Limited (HAL) in March 2023. The contract valued at USD 6.67 billion bolstered IAF’s operational capabilities in the Northeast and island territories. Further, increased defense budgets and geopolitical tensions are fueling demand for intelligence, surveillance, and reconnaissance aircraft with turboprop propulsion.
Challenges
- Competition from jet engines: One of the biggest challenges for turboprop engines is competition from regional jets, which offer higher cruising speeds and reduced flight times. All airlines prioritize passenger experience and jets are often perceived as more modern and comfortable. In markets where fuel efficiency is not the primary concern, regional jets dominate, limiting the adoption of turboprop aircraft. Additionally, improved fuel efficiency in newer regional jet models has narrowed the gap between jet and turboprop operations, making turboprop less attractive for some short-haul routes.
- High development and maintenance costs: The research, development, and certification of advanced turboprop engines require significant investment. Manufacturers face increasing pressure to innovate, incorporating more fuel-efficient and environmentally friendly technologies such as hybrid electric or hydrogen-powered engines. These advancements add to the overall cost of production, making turboprop aircraft less competitive in certain markets. Additionally, the availability of maintenance and spare parts can be a challenge, especially for aging turboprop fleets.
Turboprop Engine Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
2.8% |
|
Base Year Market Size (2024) |
USD 18.5 billion |
|
Forecast Year Market Size (2037) |
USD 26.4 billion |
|
Regional Scope |
|
Turboprop Engine Segmentation
Application (Commercial Aviation, Military Aviation, General Aviation, Cargo Transport)
Commercial aviation segment is set to account for around 49% turboprop engine market share by 2037, owing to demand for regional and short-haul flights offering high fuel efficiency and lower operating costs. Airlines prefer turboprops for routes with lower passenger demand and shorter runways, improving connectivity to remote areas. It serves as an attractive option for commercial airlines looking to optimize profitability on low-demand routes. The International Civil Aviation Organization (ICAO) states that over 100,000 commercial flights take off around the world every day representing over 400 departures per hour. This rising trend of air travel ensuring safety in flights demands reliable turboprops thus driving the growth of the market.
As sustainability becomes a priority, airlines are adopting turboprop aircraft for their lower carbon emissions and compatibility with SAFs. In September 2024, Deutsche Aircraft developed D328eco, a lightweight next-generation turboprop designed to operate on 100% sustainable aviation fuel. The D328eco is expected to enter service in late 2027 as a greener alternative for regional air travel. This development represents the future of commercial turboprop aviation where fuel efficiency, sustainability, and performance drive market growth.
Power Output (500 HP-1000HP, Below 500HP, Above 1000 HP)
The 500 HP-1000HP segment is anticipated to register a significant turboprop engine market share through 2037 due to its applications in light regional aircraft, business aviation, and special missions. These engines offer an ideal balance of fuel efficiency, performance, and operational flexibility that makes them suitable for short-haul routes. The 500HP-1000HP range power output is found in aircraft used for commuter transport, cargo operations, and surveillance missions. With advancements in engine technology and sustainable fuel compatibility demand for this power range is growing in both commercial and defense sectors.
Our in-depth analysis of the global market includes the following segments:
|
Application |
|
|
Power output |
|
|
Engine type |
|
|
End use |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportTurboprop Engine Industry - Regional Scope
North America Market Analysis
North America in turboprop engine market is predicted to capture over 37.8% revenue share by 2037, owing to strong demand for regional air travel, business aviation, and military applications. The presence of major aircraft manufacturers and engine developers such as Pratt & Whitney Canada and Honeywell fosters innovation and market growth. Rising investments in sustainable aviation, including eco-friendly aviation fuels and hybrid electric propulsion are shaping the turboprop landscape. Further, the World Economic Forum states that the global demand for sustainable aviation fuel is expected to reach 17 million tonnes per annum comprising 4-5% of total jet fuel consumption by 2030. With an increasing focus on sustainability, turboprop aircraft in aviation are gaining traction due to their lower carbon emissions and compatibility with sustainable aviation fuels.
The U.S. turboprop engine market is expanding due to growing demand for regional connectivity and short-haul commercial flights. Airlines are increasingly investing in fuel-efficient turboprop aircraft to serve low-demand routes to meet sustainability goals. The U.S. military and government agencies also drive demand, utilizing turboprops for defense, border patrol, and emergency response missions. Additionally, advancements in hybrid electric and SAF-compatible turboprop technologies are shaping the future of the market aligning with the country’s push for greener aviation solutions.
The turboprop engine market in Canada is expanding due to the country’s reliance on regional aviation, remote area connectivity, and rising investments in sustainable aviation. The country’s focus on clean energy aviation, including hydrogen and hybrid electric propulsion is driving investment in next-generation turboprop technology. The local government in Canada supports the green transformation of the aerospace industry by investing USD 350 million to support a new Initiative for Sustainable Aviation Technology (INSAT) aimed at accelerating the green industrial transformation of the aerospace industry.
Asia Pacific Market Analysis
Asia Pacific market is expected to garner a remarkable market share through 2037 due to the rising demand for regional connectivity. Governments and airlines are investing in fuel-efficient turboprop aircraft to support low-cost carrier operations. The region’s booming tourism industry is also a major factor in the demand for turboprops which are ideal for serving secondary airports and eco-tourism destinations. Additionally, the push for sustainable aviation is encouraging the adoption of next-generation turboprop engines with hybrid electric and SAF capabilities.
The turboprop engine market is rapidly expanding in China due to the government’s push for developing regional aviation and enhancing connectivity in rural provinces. As part of its aviation expansion plans, China is investing in domestically built turboprop aircraft such as the Xian MA700, designed to support short-haul routes. The rise of aerospace manufacturing hubs and technological advancements in indigenous turboprop engines are strengthening the market. Additionally, rising investments in low-emission propulsion technologies including hybrid electric and SAF-powered turboprops align with the country’s carbon neutrality goals.
The turboprop engine market in India is rising due to the government’s UDAN connectivity scheme. This scheme promotes affordable air travel to underserved areas. Rising demand for shirt haul routes in tier 2 and tier 3 cities is driving airlines to expand their turboprop fleets for cost-efficient operations. Additionally, India’s push for indigenous aerospace manufacturing and sustainable aviation fuels is encouraging investments in next-generation turboprop technologies.
Companies Dominating the Turboprop Engine Landscape
- Rolls Royce
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Daher
- General Electric
- Piaggio Aero
- Safran
- Embraer
- Pratt and Whitney
- Bombardier
- Honeywell
- Textron Aviation
- Airbus
- Antonov
- Turkish Aerospace Industries
- Piper Aircraft
The turboprop engine market is highly competitive with leading manufacturers focusing on lightweight materials, advanced aerodynamics, and alternative fuel compatibility to enhance efficiency. Companies such as Pratt & Whitney, GE Aerospace, and Rolls Royce are innovating to enhance performance, reliability, and reduced emissions for commercial and military applications. Additionally, emerging aerospace players from Europe and Asia are intensifying competition by developing cost-effective and region-specific turboprop solutions to capture new market segments. Here are some leading players in the market:
In the News
- In February 2025, GE Aerospace announced that its Catalyst turboprop engine received certification from the US Federal Aviation Administration (FAA). This certification under FAR (Federal Aviation Regulation) Part 33 involved testing over 23 engines and more than 190 components. GE Aerospace stated that Catalyst is the first modern clean-sheet advanced turboprop of the 21st century and meets the latest FAA Part 33 standards, which include more than 20 new requirements.
- In November 2024, Pratt & Whitney Canada collaborated under Canada’s Initiative for Sustainable Aviation Technology (INSAT) to develop a hydrogen-fueled turboprop engine. This project named the Hydrogen Advanced Design Engine Studt (HyADES) adapts the PW127XT regional turboprop engine for hydrogen combustion.
Author Credits: Dhruv Bhatia
- Report ID: 7393
- Published Date: Mar 26, 2025
- Report Format: PDF, PPT
