Global Military Training Aircraft Market Research Report: Information by Type [Fixed-Wing (Basic Jet Trainers, Intermediate Jet Trainers, and Advanced Jet Trainers) and Rotary-Wing], Seat Type (Single and Twin), Application (Armed and Unarmed), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025
As per a detailed analysis by Market Research Future (MRFR), the global military training aircraft market is anticipated to register a robust CAGR during the forecast period (2018-2023). The modernization of existing aircraft fleet is a major trend encouraging the market growth across the globe. Military training aircraft are largely used by the air forces in order to train and prepare the pilots for future responsibilities and roles. They are trained in several stages. As the stages advance, the number of pilots is reduced. These aircrafts are specifically designed to offer flight training to the aircrews and pilots. The military training aircraft are engineered with special features which cater to the defense capabilities of the aircraft.
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Market Potential and Pitfalls:
The military training aircraft market has witnessed a significant spike in its growth due to the rising aircraft programs like the Sukhoi/HAL Fifth Generation Fighter Aircraft and Advanced Medium Combat Aircraft which require trained pilots. The modernization of existing aircraft fleet is considered one of the major trends attributing to the growth of the market. The rising terrorist activities and tactical development in the defense sector has forced the economies to keep a continuous vigil and put their defense modularization in effect. Militaries worldwide are highly focusing to train their pilots with latest models and also empower them with squadrons. Such factors are likely to encourage the market growth across the globe. Moreover, factors such as military training aircraft as an advanced training material and its secondary role as a fighter plane due to limited availability and supporting hand of the superior jets are further creating opportunities for the market in the coming years.
The global military training aircraft market has been segmented on the basis of type and application.
By mode of type, the military training aircraft market comprises rotary-wing aircraft and fixed-wing aircraft. Among these, the fixed-wing aircraft segment is considered to gain prominence during the review period. The external and internal security threats, ongoing global turmoil, modernization strategies, fleet replacement programs, and territorial disputes are some of the major factors encouraging the segment’s growth.
Armed and unarmed comprises the application-segmentation of the military training aircraft market.
Geographically, the military training aircraft market has been studied under regions namely, EMEA, America, and the Asia Pacific.
Considering the global scenario, the American region is predicted to dominate the global market for military training aircraft. The growth can be ascribed to the rising fighter plane programs like Lockheed Martin F-35 Lightning II. America has the presence of industry bigshots which provides the region with prominence. Governments in this region are highly investing in the defense sector which is a positive step towards its growth.
EMEA bags the second position in the global market with companies expanding their bases. Moreover, companies are opening up new avenues for businesses which further contributes to the market growth. Economies like Czech Republic, Israel, and France are highly spending which is further likely to spur the growth of the regional market.
The Asia Pacific region is estimated to experience the highest growth rate owing to the surging investments in military airborne forces especially from emerging nations like India, China, and Indonesia.
The prominent players operating in the global military training aircraft market comprises Lockheed Martin Corporation (US), The Boeing Company (US), Hindustan Aeronautics Limited (India), Irkut Corporation (Russia), Northrop Corporation (US), Diamond Aircraft Industries Inc. (Austria), Grob Aircraft AG (Germany), Fabrica Militaar De Aviones (Argentina), and BAE Systems (UK), and Raytheon Aircraft Company (US).
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