Military Aircraft Simulation and Training Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Military Aircraft Simulation and Training Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The military aircraft simulation and training market is anticipated to register a CAGR of over 2.5% during the forecast period.

The outbreak of Covid-19 has halted all the major operations across the globe, although military training and operations were not affected. despite the flattened economy curve, the military expenditure has shown a year-on-year growth which possesses a subsequent impact on the military aircraft simulation and training market.

The increasing military aircraft fleet of countries around the world is generating the demand for trained and qualified pilots to operate them. This increasing need for trained pilots is propelling the growth of the military aircraft simulation and training market during the forecast period.

The development of new and advanced aircraft and an increase in the cost involved in real-time pilot training for these advanced aircraft are the other main factors supporting the growth of the market.

Key Market TrendsFixed-wing Segment to Experience the Highest Growth During the Forecast Period

The fixed-wing segment is currently dominating the market and is expected to register the highest CAGR during the forecast period. This is majorly due to the development and procurement of new aircraft models, by the armed forces around the world. Governments are partnering with simulator and training providers to grow hand in hand. Technology advancement in AI (Artificial Intelligence) is becoming a very significant facet of training in the coming future. Additionally, new aircraft development programs by the OEMs are yet another propelling factor supporting the growth of this segment during the forecast period. The increasing military aggression around the world has necessitated the need for aircraft of much higher capacity to fly in the vent of combat. Also, it is getting equally important for pilots to be capable of operating these aircraft in adversary territories and situations.

Owing to this, the need for fixed-wing simulators has never been higher as much as in recent years. As a result, many technology manufacturers and next-generation technology providers have been coming up with new products to cater to this market. For instance, in March 2021, Turkish Defense contractor Havelsan's engineers, along with the Airforce Command aircraft maintenance technicians developed a simulation system for the maintenance of F-16 fighter jets. The company aims to export these systems through the F-16's aircraft manufacturing company, thereby increasing the market penetration and the opportunities fro growth during the forecast period.

Asia-Pacific to Experience the Highest Growth During the Forecast Period

The Asia-Pacific region is anticipated to have the highest growth during the forecast period. The rapid growth in military spending of the Asia-Pacific countries is the major driving factor for its highest growth in the military aircraft market. Currently, this region is in the midst of political and territorial issues, which are generating the demand for aircraft and UAVs for border surveillance and protection. Also, the countries are investing in the integration of the latest technologies to improve the effectiveness of the training. The innovation and the need for advanced aircraft simulators are generating the demand for military aircraft training and simulation in this region.

With the increasing military aggression from China, multiple countries in Asia are opting to improve both their attack and defense capabilities. Owing to this, several fighter jet purchase and development programs have been witnessed over the years. As a result, to train pilots in operating the jets successfully and effectively, the need for simulators has increased by multiple folds. Many national governments have also invested in increasing their simulator capabilities as a result. For instance,

In November 2021, the Defense Ministry of India announced the procurement of 2 fixed base full mission simulators for the Jaguar aircraft from Hindustan Aeronautics Limited (HAL). The simulators would be procured for the IAF at a combined total cost of Rs 357 crores, and installed at Air Force Stations in Jamnagar and Gorakhpur. Owing to multiple other similar developments, this segment of the market is expected to witness a significant growth rate during the forecast period.

Competitive Landscape

Some of the prominent players in the military aircraft simulation and training market are CAE Inc., FlightSafety International, Thales Group, Lockheed Martin Corporation, and Textron Inc. (TRU Simulation + Training) with medium-level consolidation of the market. The leading training and simulation manufacturers have experienced strong revenue growth in the past few years, and this growth is expected to increase with a continuous need for simulators as a way to reduce costs and improve the readiness of military pilots. In addition to this, the development of new simulation and training devices is expected to help them in increasing their market presence.

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