The number of registered turboprop aeroplanes in Australia stood at 1060 units in 2023. From 2013 to 2023, the year-on-year growth rate generally showed an upward trend albeit with slight fluctuations. Specifically, 2023 saw a 1.63% increase from the previous year. Over the last five years leading up to 2023, the Compound Annual Growth Rate (CAGR) was 1.71%, indicating moderate growth.
From 2024 onward, forecasts suggest a continuation of this growth trend. The CAGR for the next five years is projected at 1.11%, resulting in an overall growth rate of 5.68%. These figures point to steady but slowing expansion in the number of turboprop aeroplanes.
Future trends to watch for include technological advancements in turboprop aeroplanes, potential regulatory changes, and evolving market demand which may influence both the rate of new registrations and the retirement of older units.
