Global Military Training Aircraft Market, By Aircraft Type (Fixed-wings Aircrafts (Intermediate Jet Trainers, Advanced Jet Trainers), and Helicopters), By Application (Armed and Non-Armed) By Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2027
Global Military Training Aircraft Market
Global Military Training Aircraft Market was valued at USD 4960 million in 2021 which expected to reach USD 6420 million by 2027 at a CAGR 3.88% from 2022-2027.
Military Training Aircraft referred as the type of aircraft that has been adapted for military use. They are used to provide flight training. These aircraft are specially designed for flight training purposes. They are mainly used by the armed forces, government and private sector. They are designed for easy handling & are designed for a range of missions.
Market Drivers
Growing development of newer generation trainer aircraft is expected to propel growth of the global military training aircraft market over the forecast period. Many countries are using trainer aircrafts, currently many of these older training aircrafts are facing accidents all across the globe, due to which militaries are procuring newer generation training aircrafts. Thus, to cater the increase in demand for replacing older fighter trainers with new data-centric aircrafts, the development of newer generation training aircraft is growing worldwide, which is driving the market growth.
Furthermore, rise in in demand for pilot training resulting from increasing procurement of newer generation aircraft is expected to boost growth of the global military training aircraft market during the forecast period. Militaries are focused on procurement of new generation aircrafts due to their plants of operating a smaller yet capable aircraft fleet. Due to this, many military aircraft are procured to replace older ones.
Market Restraints
High development cost of military trainer aircraft is expected to hinder growth of the global military training aircraft market over the forecast period. The development process of military training aircrafts is complicated & long, similar to the development of a real fighter aircraft. The investment required in terms of money & time has been a challenge for the military training aircraft market.
Market Segmentation
Global Military Training Aircraft Market is segmented into aircraft type such as Fixed-wings Aircrafts (Intermediate Jet Trainers, Advanced Jet Trainers), and Helicopters. Further, market is segmented into application such as Armed and Non-Armed.
Regional Analysis
The global military training aircraft market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
North America is expected to hold a largest market share in the global military training aircraft market during the forecast period. Due to the increasing military training aircraft related developments, introduction of novel combat aircraft configuration, availability of large aircraft fleet and high demand for newer trainer jets in countries such as the United States and Canada. Also, APAC is anticipated to witness substantial growth in the global military training aircraft market over the forecast period. Owing to the employment of new curriculums encouraging pilots to act on their own in countries like China, & employment of new programs for improving pilot training systems of the Air Forces in the countries like Japan & India across this region.
Key Players
Diamond Aircraft Industries, Hindustan, Embraer SA, Northrop Grumman Corporation, The Boeing Company, Aeronautics Ltd, BAE Systems PLC, Pilatus Aircraft Ltd, Leonardo SpA, Lockheed Martin Corporation, etc.
Market Taxonomy
By Aircraft Type
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