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The global turboprop aircraft market was valued at USD 1.71 billion in 2024 and is projected to grow to USD 2.59 billion by 2032, expanding at a Compound Annual Growth Rate (CAGR) of 4.34% during the forecast period. This steady growth trajectory is driven by the increasing demand for cost-efficient regional air transport, advancements in hybrid-electric propulsion, and strategic collaborations among aerospace companies focused on sustainability and innovation.
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