Turboprop Engine Top Companies-Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook

Turboprop Engine Market Size Analysis and Top Companies

The global turboprop engine market size is projected to hit around USD 1.97 billion by 2033 from USD 1.12 billion in 2023 with a CAGR of 5.79%. The major players operating in the turboprop engine market are Pratt & Whitney, Rolls-Royce Plc, GENERAL ELECTRIC, Honeywell International Inc., PBS AEROSPACE, TurbAero, Heron Engines, Turbotech, Textron Aviation Inc., SAFRAN, IHI Corporation, PILATUS AIRCRAFT LTD, Varman Aviation Private Limited, and Others.

Market Report Coverage

Turboprop Engine Key Players

• Pratt & Whitney
• Rolls-Royce Plc
• GENERAL ELECTRIC
• Honeywell International Inc.
• PBS AEROSPACE
• TurbAero
• Heron Engines
• Turbotech
• Textron Aviation Inc.
• SAFRAN
• IHI Corporation
• PILATUS AIRCRAFT LTD
• Varman Aviation Private Limited

Recent Developments

• In May 2022, Falko Regional Aircraft Limited has been fully acquired by Chorus Aviation Inc. With the ability to optimize value at every step of an aircraft’s lifespan, this purchase makes Chorus a leading full-service provider in regional aviation. The closing of this deal makes Chorus the largest aircraft lessor in the world with a sole focus on regional aircraft leasing investments. As a result, Chorus subsidiaries will now own, manage, and/or operate a portfolio of 348 regional aircraft with a total market value of about USD 4.5 bn.
• In February 2023, General Atomics Aeronautical Systems announced that it has finalized an expression of interest with Hindustan Aeronautics Limited of India in order to offer support services for the turbo-propeller engines of the MQ-9B aircraft. Under this initiative, the Hindustan Aeronautics Limited of India aims to offer maintenance, overhaul, and repair services.

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