Top 50 Companies in Turboprop Engine Market: Statistics Report Till 2035
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Turboprop Engine Market Size is projected to Grow from USD 1.18 Billion in 2024 to USD 2.21 Billion by 2035, at a CAGR of 5.87% during the forecast period 2025–2035. The fuel efficiency of turboprop engines is well-known, especially at lower speeds and altitudes. Operators are searching for engines that deliver higher fuel economy due to rising fuel prices and growing environmental concerns. An advantage of turboprops over jet engines is their reduced fuel consumption, which appeals to airlines and operators looking for economical options.
Introduction
A Turboprop Engine Market Size is a modified variant of a jet engine designed to power a propeller. At lower flying speeds (less than Mach 0.6), airplanes equipped with turboprop engines are especially efficient, using less fuel per seat mile than aircraft powered by turbojets or turbofans of the same size. Additionally, they need a much less runway for landings and takeoffs. For most commuter aircraft, turboprops are the favored engines due to their lower speed and cost-effectiveness when traveling relatively short distances. Turboprops are used to power aircraft such as the Pilatus PC-12, Alenia ATR 42, and Bombardier Dash 8. A turboprop engine's gas generators combine a compressor, combustor, and turbine to produce energy using the same principles as a turbojet. The growing aviation industry, rising technological advancements, high fuel efficiency relative to their counterparts, rising military and defense demand, and growing cooperation amongst major market players are some of the factors driving the global market for turboprop engines.
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Turboprop Engine Market Size & Statistics
- The Market Size for Turboprop Engine Was Estimated to be worth USD 1.18 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 5.87% between 2025 and 2035.
- The Global Turboprop Engine Market Size is anticipated to reach USD 2.21 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Turboprop Engine Market
- Asia-Pacific is expected to grow the fastest during the forecast period in the Turboprop Engine Market.
Regional growth and demand
Asia-Pacific is expected to grow the fastest during the forecast period in the turboprop engine market. This is fueled by airlines' quick fleet expansions to keep up with the growing demand for air travel. Major contributors are emerging economies like China and India, which make significant investments in the purchase of new aircraft. Engine efficiency improvements and the construction of regional MRO facilities are two more technological developments that support market expansion.
North America is expected to generate the highest demand during the forecast period in the turboprop engine market. Growing domestic air traffic and fleet modernization initiatives are driving the turboprop engine industry in Europe. The use of gas-green turboprop aircraft is encouraged by the increased focus on environmentally friendly flying. In order to improve engine performance and reduce emissions, major players are actively inventing alongside Safran and Rolls-Royce. The growing demand for quick-haul flights and industrial organization aviation also helps the area. Additionally, turboprop-powered aircraft are increasingly used for delivery and surveillance missions in European protection programs. The market is anticipated to be further driven by innovations in hybrid and electric turboprop engines as a result of tighter emission laws and a drive for greener aviation.
Top 5 trends in the Turboprop Engine Market
- Increasing Demand for Regional and Short-Haul Aircraft
- Advancements in Fuel Efficiency and Emission Reduction
- Integration of Digital Engine Health Monitoring Systems
- Growth in Emerging Markets and Urban Air Mobility
- Development of Hybrid-Electric Turboprop Engines
1. Increasing Demand for Regional and Short-Haul Aircraft
Turboprop engines remain the preferred choice for regional and short-haul flights due to their superior fuel efficiency and cost-effectiveness compared to jet engines. This demand is growing as airlines seek to connect remote and less accessible areas, driving the turboprop market forward.
2. Advancements in Fuel Efficiency and Emission Reduction
Turboprop manufacturers are investing in engine designs that improve fuel efficiency and reduce environmental impact. New materials, aerodynamic improvements, and combustion technologies help lower emissions, aligning with tightening regulatory standards and industry sustainability goals.
3. Integration of Digital Engine Health Monitoring Systems
The adoption of digital health monitoring and predictive maintenance systems is enhancing turboprop engine reliability and reducing lifecycle costs. Real-time analytics enable proactive maintenance, minimizing downtime and extending engine service life for operators.
4. Growth in Emerging Markets and Urban Air Mobility
Emerging economies are rapidly expanding their regional air services, increasing demand for turboprop aircraft. Additionally, turboprops are being explored as propulsion systems for urban air mobility solutions, including air taxis and short-hop passenger services.
5.Development of Hybrid-Electric Turboprop Engines
The integration of hybrid-electric technology in turboprop engines is gathering momentum, aiming to further reduce fuel consumption and emissions. Hybrid systems can optimize power output and improve environmental performance, heralding a new era in turboprop propulsion technology.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the turboprop engine market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Turboprop Engine Market
- General Electric Aviation
- Pratt & Whitney (Raytheon Technologies)
- Rolls-Royce plc
- MTU Aero Engines
- Honeywell Aerospace
- Safran Turboprop engines
- IHI Corporation
- AVIC (Aviation Industry Corporation of China)
- TFE731 (Honeywell subsidiary)
- Allison Engine Company (GE subsidiary)
- Turbomeca (Safran Helicopter Engines)
- Rolls-Royce North America
- Williams International
- United Technologies Corporation
- PowerJet (CFM International and NPO Saturn collaboration)
- Honeywell Garrett
- Kawasaki Heavy Industries
- Lycoming Engines
- Pratt & Whitney Canada
- MTU Maintenance
- General Motors Defense
- Smiths Aerospace
- Solar Turbines
- IAI (Israel Aerospace Industries)
- Avio Aero
1. General Electric Aviation – Headquarters: Cincinnati, Ohio, USA
General Electric (GE) Aviation is a global leader in turboprop engine manufacturing, including turboprop engines for regional and military aircraft. Known for its robust and fuel-efficient engines, GE integrates advanced materials and digital health monitoring in its turboprop designs to optimize performance and maintenance. The company supports a broad customer base with engines powering a rich variety of aircraft globally. GE’s ongoing focus on sustainability and emissions reduction through innovative combustion technologies positions it strongly in the evolving turboprop engine market, meeting rising demand for regional connectivity and cost-effective propulsion.
2. Pratt & Whitney (Raytheon Technologies) – Headquarters: East Hartford, Connecticut, USA
Pratt & Whitney, a division of Raytheon Technologies, is renowned for its high-performance turboprop engines such as the PW100 and PW150. The company emphasizes engine durability, fuel efficiency, and reduced emissions, critical for regional aviation growth. Incorporating advanced digital engine health monitoring, Pratt & Whitney enhances operational reliability and maintenance predictability. Its engines are widely deployed in commercial, military, and business aircraft, supporting increased regional flight operations. The company’s commitment to innovation and sustainability continues to drive advances in turboprop propulsion technology worldwide.
3. Rolls-Royce plc – Headquarters: London, United Kingdom
Rolls-Royce offers cutting-edge turboprop propulsion systems crafted for regional and special mission aircraft, with a strong emphasis on fuel efficiency and low emissions. Its turboprop engines feature advanced aerodynamic designs and next-generation materials that improve power-to-weight ratios and operational cost-efficiency. Rolls-Royce also invests in hybrid-electric propulsion research, aligning with future industry trends toward greener aviation. The company’s engines are key components in numerous aircraft platforms globally, supported by comprehensive aftermarket services and digital monitoring technologies that extend engine longevity and performance.
4. MTU Aero Engines – Headquarters: Munich, Germany
MTU Aero Engines specializes in developing, manufacturing, and maintaining turboprop engines with a focus on reliability and sustainability. The company partners with leading engine manufacturers and is known for integrating state-of-the-art materials and digital diagnostics in its product offerings. MTU’s sustained investment in research enables its turboprop engines to meet evolving environmental regulations while delivering superior fuel efficiency. Its active presence in European and global markets positions MTU Aero Engines as a vital contributor to the turboprop engine sector’s growth and innovation.
5. Honeywell Aerospace – Headquarters: Phoenix, Arizona, USA
Honeywell Aerospace produces a range of turboprop propulsion systems, highlighting lightweight construction, fuel efficiency, and advanced avionics integration. Its engines power regional carriers, military fleets, and general aviation platforms worldwide. Honeywell emphasizes smart engine design that incorporates digital health monitoring systems to provide real-time operational data, minimizing downtime and maintenance costs. The company’s focus on hybrid-electric and sustainable technologies further supports its commitment to reducing emissions and driving innovation within the turboprop engine market.
Are you ready to discover more about the turboprop engine market?
The report provides an in-depth analysis of the leading companies operating in the global turboprop engine market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- General Electric Aviation
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Pratt & Whitney (Raytheon Technologies)
- Rolls-Royce plc
- MTU Aero Engines
- Honeywell Aerospace
- Safran Turboprop engines
- IHI Corporation
- AVIC (Aviation Industry Corporation of China)
- TFE731 (Honeywell subsidiary)
- Others.
Conclusion
The Turboprop Engine Market Size is gaining momentum due to growing demand for efficient, cost-effective propulsion in regional and short-haul aviation. Innovations in fuel efficiency, emission reduction, and digital engine health monitoring are driving the modernization of turboprop technology. Leading companies are investing in hybrid-electric and sustainable fuel solutions, reflecting the industry’s push toward environmentally friendly and economically viable propulsion systems.
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