Global Aircraft Piston Engines Market By Type (Above 300 Hp Engine, 180-300 Hp Engine, And Under 180 Hp Engine), By Application (Private Usage, Education Usage, Commercial Usage, And Others), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2019-2029

Report Overview

The global Aircraft Piston Engines market is projected to be US$ 53.7 Mn in 2019 to reach US$ 59.8 Mn by 2029 at a CAGR of 1.1%.

An engine is the main power source that forces an aircraft to lift and fly in the air over the distance. A piston engine is a device for converting the heat energy of the fuel into mechanical energy by internal combustion. It is commonly known as a reciprocating engine or internal combustion engine that uses one or more reciprocating piston. Piston engine in aircraft can be found in the configuration of two cylinders inline up to eight cylinders opposed and nine-cylinder radial and also in diesel and with fuel injection system.

Etienne Lenoir constructed the first piston engine that could be considered practical in France in 1860. Most of the light aircraft is powered by a piston engine, as it is an economical source of power due to low price and fuel consumption. Additionally, piston-engine aircraft are easier to operate since there don’t have separate throttle and mixture control. Moreover, the piston engine creates less noise and vibration, which gives a high degree of maneuverability. The increase in training aircraft procurement is expected to drive the aircraft piston engine market. Owing to the advantages of the fuel efficiency of the engine with a high compression ratio, high heat, and low fuel consumption, piston engine market is expected to grow considerably. Also, low maintenance and manufacturing cost related to piston engine is expected to boost the demand for aircraft piston engine market. 

In the past few decades, demand for aircraft has been increasing in various verticals such as passenger aircraft, cargo aircraft, and space research and technology. Globalization has significantly promoted the aircraft across the globe, which has increased the demand for aircraft piston engine market.

Global Aircraft Piston Engines Market Revenue (US$ Mn), 2019–2029

However, increasing use of the jet engine and turbofan engine in aircraft due to its high efficiency, advanced compressor, and turbine disk technology power engine are expected to hamper the growth of piston engine market. Nonetheless, use of aircraft in the military sector for patrolling, drug tracking, illegal infiltration is expected to create a new opportunity for aircraft piston engine market in different vertical also opportunity in field of agriculture application for aerial application of pesticides or fertilizer and hydro seeding.

Global Aircraft Piston Engines market is segmented on the basis of product type, end-use and region. On the basis of product type, the market is segmented into Above 300 hp Engine, 180-300 hp Engine, Under 180 hp Engine. The 180-300 hp Engine segment accounts for the majority share and is expected to register highest growth over forecast period, followed by Above 300 hp Engine segment. On the basis of end-use, the market is segmented into Private, Education, Commercial & Military. The Commercial segment accounts for a majority share in the global Aircraft Piston Engines market.

Global Aircraft Piston Engines Market by End-Use, 2018

Growing demand

The demand for high-altitude aircraft cruising is one of the major drivers of the aircraft piston engine market. General aviation is used for a variety of purposes, including personal travel, business travel, and flight training. The demand for these aircraft is expected to increase in the coming years, due to factors such as rising population, increasing disposable income and increasing popularity of recreational aviation

Growing popularity

Piston engines are also becoming increasingly popular for recreational aviation. This is because their lower cost, easier maintenance and greater flexibility than turbine engines are expected to make recreational aircraft more popular in the coming years, products such as babies a rising retirement rates and a growing interest in aviation among young people

Increasing consumption

Piston engines are also used in a wide variety of applications, including military aircraft and unmanned aerial vehicles (UAVs). Piston engines are widely used in military aircraft, due to their low cost and ease of maintenance. The use of piston engines in UAVs is also increasing, due to their smaller size and lighter weight.

Top 5 Growth Factors

The following are the top 5 growth factors for the aircraft piston engines market:

• Increasing demand for general aviation aircraft
• Rising popularity of recreational flying
• Growing need for aircraft piston engines in developing countries
• Increasing adoption of piston engines in military applications
• Technological advancements in piston engine design and manufacturing

Drivers

The following are the key drivers of the aircraft piston engines market:

• Growing demand for general aviation aircraft: The general aviation market is expected to grow in the coming years, due to factors such as the increasing population, increasing disposable incomes, and the rising popularity of recreational flying. This growth is expected to drive the demand for aircraft piston engines.
• Rising popularity of recreational flying: Recreational flying is becoming increasingly popular, due to factors such as the increasing number of baby boomers retiring and the growing interest in aviation among young people. This growth is expected to drive the demand for aircraft piston engines.
• Growing need for aircraft piston engines in developing countries: The demand for aircraft piston engines is expected to grow in developing countries, due to the increasing number of people who can afford to fly and the growing need for air transportation in these countries.
• Increasing adoption of piston engines in military applications: Piston engines are being increasingly adopted in military applications, due to their lower cost and simpler maintenance requirements. This growth is expected to drive the demand for aircraft piston engines.
• Technological advancements in piston engine design and manufacturing: Technological advancements in piston engine design and manufacturing are making these engines more efficient, reliable, and durable. This is expected to drive the demand for aircraft piston engines.

Restraints

The following are the key restraints of the aircraft piston engines market:

• High cost of maintenance: The maintenance costs of aircraft piston engines are relatively high. This is a major restraint for the growth of the market.
• Stringent emission regulations: The emission regulations for aircraft piston engines are becoming increasingly stringent. This is expected to increase the cost of development and production of these engines, which could restrain the growth of the market.
• Competition from turbine engines: Turbine engines are becoming increasingly popular in the aircraft industry. This is due to their higher power output and better fuel efficiency. This competition is expected to restrain the growth of the aircraft piston engines market.

Opportunities

The following are the key opportunities for the aircraft piston engines market:

• Growth of the regional market: The aircraft piston engines market is expected to grow in the regional markets, such as Asia Pacific and Latin America. This growth is due to the increasing demand for general aviation aircraft and recreational flying in these regions.
• Development of new technologies: The development of new technologies, such as lightweight materials and advanced manufacturing processes, is expected to make aircraft piston engines more efficient and reliable. This could create new opportunities for the market.

Key Market Segments

Type

• Above-300-hp Engine
• 180-300-hp Engine
• Under-180-hp Engine

Application

• Private Usage
• Education Usage
• Commercial Usage
• Military Usage
• Others

Regional Analysis

The Aircraft Piston Engines Market is poised to be one of the largest and fastest-growing segments in the aviation industry in the coming years. As innovations in technology and sustainability continue to drive the market forward, its growth potential remains impressive.

Key Regions and Countries Covered in this Report

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia
  • Netherland
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Market Players

• Textron Inc.
• Aviation Industry Corporation of China
• Austro Engines
• BRP Inc
• Safran SA
• Jabiru Aircraft Pty Ltd and Limbach Flugmotoren GmbH.

For the Aircraft Piston Engines Market research study, the following years have been considered to estimate the market size: