Commercial Turboprop Aircraft Market

By Engine Power;

Less Than 500, 500 To 700 and More Than 700

By Seat Capacity;

Small (20 To 50 Seats), Medium (50 To 90 Seats) and Large (90+)

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn701330793 Published Date: August, 2025 Updated Date: September, 2025

Commercial Turboprop Aircrafts Market Overview

Commercial Turboprop Aircrafts Market (USD Million)

Commercial Turboprop Aircrafts Market was valued at USD 10352.46 million in the year 2024. The size of this market is expected to increase to USD 12732.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.


Commercial Turboprop Aircraft Market

*Market size in USD million

CAGR 3.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.0 %
Market Size (2024)USD 10352.46 Million
Market Size (2031)USD 12732.22 Million
Market ConcentrationHigh
Report Pages316
10352.46
2024
12732.22
2031

Major Players

  • Air Tractor
  • Daher
  • Piaggio Aerospace
  • Pilatus
  • Piper Aircraft Inc.
  • Textron Aviation
  • Thrush Aircraft LLC
  • ATR
  • Airbus SE
  • Lockheed Martin Corporation
  • Viking Air Ltd
  • Northrop Grumman Corporation
  • Embrear SA

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Commercial Turboprop Aircraft Market

Fragmented - Highly competitive market without dominant players


The Commercial Turboprop Aircraft Market is expanding rapidly, fueled by growing demand for fuel-efficient, short-haul, and cost-effective aviation solutions. Turboprop aircraft are widely used for regional flights, cargo transport, and commuter services. Over 45% of overall demand comes from short-haul passenger operations, where operators focus on reduced fuel consumption and optimized operating costs.

Rising Demand for Regional Connectivity
The market is heavily driven by regional connectivity needs , accounting for more than 50% of deployments. Turboprop aircraft are preferred for their enhanced runway performance, operational versatility, and ability to serve underserved regional airports. Airlines are adopting small, efficient fleets to provide better accessibility and strengthen point-to-point networks.

Technological Advancements Driving Market Growth
Technological progress contributes to approximately 35% of market advancements, with focus areas including engine efficiency improvements, noise reduction systems, and advanced avionics. Innovations such as composite materials, digital cockpit technologies, and fuel-saving designs are enhancing aircraft efficiency while reducing environmental impact. These developments improve both operational reliability and passenger experience.

Future Growth Outlook
Looking ahead, the market is projected to grow by more than 34%, driven by innovations in lightweight structures, sustainable aviation technologies, and fuel-efficient propulsion systems. Expanding opportunities in regional operations, express cargo transport, and premium commuter solutions will support continuous growth, securing the long-term advancement of the Commercial Turboprop Aircraft Market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Engine Power
    2. Market Snapshot, By Seat Capacity
    3. Market Snapshot, By Region
  4. Commercial Turboprop Aircrafts Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Fuel Efficiency
        2. Regional Connectivity Demand
        3. Technological Advancements
        4. Environmental Regulations
      2. Restraints
        1. Competition from Regional Jets
        2. Infrastructure Limitations
        3. Perception Challenges
        4. Economic Uncertainty
      3. Opportunities
        1. Market Expansion in Emerging Economies
        2. Modernization of Existing Fleets
        3. Special Mission Applications
        4. Hybrid and Electric Propulsion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Commercial Turboprop Aircrafts Market, By Engine Power, 2021 - 2031 (USD Million)
      1. Less Than 500
      2. 500 To 700
      3. More Than 700
    2. Commercial Turboprop Aircrafts Market, By Seat Capacity, 2021 - 2031 (USD Million)
      1. Small (20 To 50 Seats)
      2. Medium (50 To 90 Seats)
      3. Large (90+)
    3. Commercial Turboprop Aircrafts Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacifi
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Air Tractor
      2. Daher
      3. Piaggio Aerospace
      4. Pilatus
      5. Piper Aircraft Inc
      6. Textron Aviation
      7. Thrush Aircraft LLC
      8. ATR
      9. Airbus SE
      10. Lockheed Martin Corporation
      11. Viking Air Ltd
      12. Northrop Grumman Corporation
      13. Embrear SA
  7. Analyst Views
  8. Future Outlook of the Market