Your payment is in progress...
  +1 (704) 266-3234

Asia-Pacific Turboprop Aircraft Market - Growth, Trends, And Forecasts (2020 - 2025)

Published on: Jun 2020 | From USD $3750 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 100

The Asia-Pacific turboprop aircraft market is expected to exhibit a CAGR of more than 2% during the forecast period (2020 - 2025).

- The Asia-Pacific countries such as India, Japan, China, etc. are increasing their defense spending to strengthen the cargo and troop transportation capability of their respective air forces. This factor is driving the market growth for turboprop aircraft such as C-130J Super Hercules and A400M Atlas in the region.
- The rise in air passenger traffic in the region is pushing the development of new small and medium-sized airports in countries such as India and China. Due to the new short-distance routes between provinces, states, and cities, many low-cost carriers are opting for turboprop aircraft owing to their cost-effectiveness.
- The general aviation industry in Asia-Pacific is on the rise owing to the growth and development of the business ecosystem and the rise in the disposable income of people. Asia-Pacific region accounted for 14.6% of global general aviation turboprop aircraft deliveries in 2019 and this share is expected to go up during the forecast period.

Key Market Trends

Commercial Aviation Segment to Exhibit the Highest Growth Rate

The rise in the disposable income of people and subsequent growth of the aviation sector in the region is driving the growth of turboprop aircraft. In the future, nearly 40 percent of global airliner production will come from Asia-Pacific. Markets such as Vietnam, Indonesia, the Philippines, etc. have performed significantly well in the aviation sector during the past few years. Many airlines have emerged to serve the regional aviation needs in countries such as India. The Revenue Passenger Kilometers (RPK) grew by 4.5% in May 2019 compared to a growth of 2.4% in April of the same year. India exhibited an RPK growth rate of 6% in 2019 compared to 2018 whereas Japanís RPK exhibited a year-on-year growth rate of nearly 7% in 2019. Indiaís low-cost career IndiGo inducted 8 new ATR aircraft since June 2019 and currently operates a fleet of 25 ATR aircraft while expecting a delivery of 25 more ATRs. Another regional low-cost airline Trujet is also planning to acquire 5 more ATR 72 aircraft to its existing fleet of 5 aircraft. While the South Korean aviation industry is affected by the COVID-19 pandemic outbreak, new budget carrier Hi Air Co. announced its plan to acquire 2 new ATR aircraft by the end of 2020. In 2019, Nepalís Buddha Air also added 2 new ATR-72 aircraft in its existing turboprop fleet of 12 aircraft. While the commercial aviation segment in Australia exhibited an RPK growth of just 1.1% in 2019, the general aviation segment in the country is rising. In 2019, Textron Aviation sold 5 domestically built King Air 350 aircraft to Pel-Air for air ambulance service. The aforementioned factors are driving growth of turboprop aircraft market in the region.

China to Exhibit Significant Growth During the Forecast Period

China is exhibiting the largest growth rates in air passenger traffic and aviation infrastructure development in the Asia Pacific region. Nearly 20% of the future airliners will be produced in China and this is significantly propelling the domestic market growth of turboprop aircraft in the country. In 2020, China will be using more domestically developed aircraft mainly for domestic aviation and short distance international flights. MA700 twin-engine turboprop aircraft developed by AVIC XAC Commercial Aircraft Company Limited is expected to take its maiden flight in 2020. China has already received nearly 285 domestic and international orders for MA700 aircraft. The business environment is starting to normalize after the COVID-19 outbreak in China and work has also resumed on the development of Chinaís short-haul turboprop aircraft. The aforementioned factors are significantly driving the market growth for turboprop aircraft in China.

Competitive Landscape

The turboprop aircraft market in Asia-Pacific is consolidated with players such as ATR, Textron Aviation, Lockheed Martin Corporation, AVIC, etc. dominating the market. The market in Asia-Pacific is witnessing growth and many global players are planning to set up manufacturing facilities and sales and distribution centers in the region owing to the availability of low-cost labor. Main revenue-generating strategy of key players is winning contracts for aircraft from airlines, governments, businesses, etc.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Application
5.1.1 Commercial Aviation
5.1.2 Military Aviation
5.1.3 General Aviation
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Australia
5.2.1.6 Rest of Asia-Pacific

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Airbus SE
6.1.2 Lockheed Martin Corporation
6.1.3 Textron Inc.
6.1.4 PILATUS AIRCRAFT LTD
6.1.5 ATR
6.1.6 Piper Aircraft Inc.
6.1.7 DAHER
6.1.8 Aviation Industry Corporation Of China
6.1.9 Piaggio Aerospace

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

Please Choose License Type

USD $3750
USD $4250
USD $5500
USD $7000
Offer

Why Us

  • Why Us In-depth database
    Our Report’s database covers almost all topics of all regions over the Globe..
  • Why Us Recognised publishing sources
    Tie ups with top publishers around the globe.
  • Why Us Customer Support
    Complete pre and post sales support.
  • Why Us Safe & Secure
    Complete secure payment process.