Fixed Wing Turbine Aircraft Market Share

Market Share of Fixed Wing Turbine Aircraft Industry

The fixed-wing turbine aircraft market is consolidated, with major players holding a large market share. The prominent player in the market is Bombardier, Embraer, Boeing, Airbus, and Textron Aviation. In the wake of the COVID-19 pandemic, defense organizations of several countries invested in increasing their fleet of fixed-wing turbine-powered aircraft. As a result, turbine-powered aircraft companies have been receiving orders for aircraft, increasing the market value and revenue influx into the market. For instance,

In July 2022, Textron Aviation's defense division was awarded a USD 90 million US Air Force contract modification to provide Tunisia with eight T-6C turboprops. In July 2022, the militarized version of the Cessna Citation Longitude featured an impressive 3,500 nautical mile (nm) range, along with a comprehensive suite of sensors specifically designed for security and law enforcement applications.

Consequently, the aircraft providers will witness a competitive advantage in terms of market penetration and market share.

Fixed Wing Turbine Aircraft Market Leaders

1. Textron Aviation Inc.

2. Embraer S.A.

3. Bombarider Inc.

4. Airbus SE

5. The Boeing Company

*Disclaimer: Major Players sorted in no particular order