Military Trainer Aircraft Market
Growth Factors of Military Trainer Aircraft Market
The military trainer aircraft market size was valued at USD 26.16 billion in 2022, and the market is now projected to grow from USD 26.98 billion in 2023 to USD 37.68 billion by 2030, exhibiting a CAGR of 4.89% during the forecast period of 2023-2030.
The ongoing Russia-Ukraine war significantly boosted the demand for advanced combat aircraft training in 2022. Governments globally increased spending on trainer aircraft to enhance military preparedness. This rise in defense budgets and focus on modernizing military fleets is driving market growth. Consequently, the conflict has accelerated the need for advanced training solutions and equipment.
The growing technological advancements in global military forces have increased the demand for skilled pilots, driving the need for advanced training equipment and aircraft. As a result, countries are procuring and producing next-generation trainer aircraft to provide combat training for future air forces. Additionally, many nations send their airmen abroad for supplementary training on advanced aircraft, highlighting the global emphasis on enhancing pilot expertise.
The increased use of simulators and next-generation technologies in the trainer aircraft market has shifted training toward virtual environments, reducing risks and saving costs. Advanced simulations provide detailed weapon and operational training, allowing Air Forces to transition from real to virtual training. Additionally, the integration of 5th and 6th-generation aircraft is expected to drive further growth in the military trainer aircraft market.
Comprehensive Analysis of Military Trainer Aircraft Market
The military trainer aircraft market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by end-user analysis, by type analysis, by solution analysis, and by training type analysis. By end-user analysis incudes air forces, land forces, and naval forces. By type analysis incudes fixed-wing and rotary-wing. By solution analysis incudes OEM and aftermarket. By training type analysis incudes combat training, basic & intermediate pilot training, and advanced pilot training.
The North America region lead the military trainer aircraft market share by benefitting a market size of USD 8.64 billion in 2022 due to the presence of top OEMs such as Boeing and a pre-existing global market.
Top players in the market have their responsibility of aerospace & defence industrial prospectus growth of the retailing industry and the markets. These players include, Embraer S.A., Textron Inc., Airbus SE, The Boeing Company, Leonardo SpA, United Aircraft Building Corporation, Bae Systems plc, Lockheed Martin Corporation, Pilatus Aircraft, Saab AB, Piper Aircraft Inc., Bombardier Inc., General Dynamics Corporation, Northrop Grumman Corporation, GE Aviation, Dassault Aviation SA. these market players provide a level-playing competitive landscape.
In April 2023, The U.S Army Aviation Center of Excellence to be provided by Flight School Training Support Services to General Dynamics Information Technology (GDIT) for a contract amount of US$ 1.7 billion.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 4.89% from 2023 to 2030
Unit Value (USD Billion)
Segmentation
By End-user
Air Forces
Land Forces
Naval Forces
By Type
Fixed-Wing
Rotary-Wing
By Solution
OEM
Aftermarket
By Training Type
Combat Training
Basic & Intermediate Pilot training
Advanced pilot training
By Country
North America(By End-user, Type, Solution, Training Type, and Country)
U.S. (By End-user)
Canada(By End-user)
Europe(By End-user, Type, Solution, Training Type, and Country)
U.K. (By End-user)
Germany (By End-user)
Russia (By End-user)
France (By End-user)
Rest of Europe (By End-user)
Asia Pacific (By End-user, Type, Solution, Training Type, and Country)
China (By End-user)
India (By End-user)
Japan (By End-user)
Australia (By End-user)
Rest of Asia Pacific (By End-user)
Rest of the World (By End-user, Type, Solution, Training Type, and Country)
Latin America (By End-user)
Middle East & Africa (By End-user)
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