North America Turboprop Aircraft Market

North America Turboprop Aircraft Market Analysis

The North America Turboprop Aircraft Market is expected to register a CAGR of greater than 1.5% during the forecast period.

• The North American aviation sector has been severely impacted due to the COVID-19 pandemic. The declining demand for turboprop aircraft, production halt from original equipment manufacturers (OEMs), and supply chain disruptions hampered market growth during the timeframe. However, the market witnessed healthy growth post-pandemic with rising demand for turboprop aircraft for various applications.
• The demand for turboprop aircraft from regional airlines to cater to the growing passenger traffic and the demand from the military sector is anticipated to propel the market growth during the forecast period. Airlines and charter operators prefer turboprop aircraft as an effective solution, especially on shorter routes, as they are more fuel-efficient than turbofan aircraft for shorter distances.
• However, as major airlines in the region are replacing the fleet of turboprop aircraft with turbofan aircraft, the market is anticipated to witness slower growth during the forecast period. For instance, Connect Airlines, a new start-up airline in the United States, will offer a premium cabin onboard its De Havilland Canada Dash 8-400 turboprop aircraft fleet. The airline will fit its Dash 8-400 turboprop aircraft fleet with 26 premium seats.

North America Turboprop Aircraft Market Trends

The Military Segment is Expected to Show the Highest Growth During the Forecast Period

• The military segment dominated the market in terms of market share and the highest CAGR, mainly due to the planned deliveries of military aircraft during the forecast period and their high cost over general and commercial aviation aircraft despite their low deliveries. For instance, in August 2022, the US Special Operations Command signed a contract worth up to USD 3 billion with L3Harris Technologies Inc. and Air Tractor to supply AT-802U Sky Warden turboprops for the Armed Overwatch program.
• Under the contract, the company will deliver up to 75 single-turboprop aircraft. In February 2023, the US Air Force awarded a contract worth USD 135 million to the Hamilton Sundstrand segment of Collins Aerospace for the electronic control system of the C-130 aircraft's eight-blade propellers. The company will provide manufacturing and engineering support for the electronic propeller control system, NP2000 eight-blade propeller, and spare parts for Air Force C-130 production.
• Also, the aging fleet of transport aircraft and special mission aircraft of the US Air Force is generating the need to modernize the aircraft fleet with newer-generation aircraft, thus driving market growth.

The United States Will Showcase Remarkable Growth During the Forecast Period

The US held the highest shares in the market and continue its domination during the forecast period owing to the increase in orders and deliveries of turboprop aircraft in the commercial, military, and general aviation sectors. According to the General Aviation Manufacturers Association (GAMA) report 2021, there were 376 turboprop aircraft delivered to the US accounting for more than 50% of global deliveries. Furthermore, the US Army is planning to acquire up to 64 Beechcraft King Air 260s from Textron Aviation for pilot training for the US Navy, Coast Guard, and Marine Corps.

In addition to this, in June 2022, Daher started deliveries of TBM 960 to US customers. The new TBM 960 will provide the benefits of digital power for enhanced sustainability, increased cabin comfort, and a superior piloting experience. Such procurement contracts are anticipated to generate demand for turboprop aircraft in the US during the forecast period.

North America Turboprop Aircraft Industry Overview

The North American turboprop market is consolidated in nature, with the presence of a few players holding significant shares in the market. Some of the key players in the market are Textron Inc., Pilatus Aircraft Limited, Airbus SE, Lockheed Martin Corporation, and ATR. ATR is one of the major aircraft manufacturers that support commercial aviation with ATR 42-600 and ATR 72-600s models, whereas Lockheed Martin Corporation is a major manufacturer that supports military aviation with various models of C-130J. Introducing a new aircraft model will enhance the penetration of aircraft manufacturers in the region. Also, key original equipment manufacturers (OEMs) are focusing on business expansion through contracts, partnerships, and agreements with end users, creating demand for turboprop aircraft during the forecast period.

North America Turboprop Aircraft Market Leaders

North America Turboprop Aircraft Market News

• September 2022: Rolls-Royce was awarded two contracts by the US Department of Defense (DoD) worth over USD 1.8 billion for the next five years. The contracts are for servicing engines used in the US Navy's T-45 flight trainer aircraft and Marine Corps C-130J and KC-130J transport aircraft.
• August 2022: Mountain Air Cargo submitted a request to the US Department of Transportation (USDOT) for authorization to operate large aircraft. Additionally, the company has planned to expand its fleet by adding an ATR-72-600F freighter.