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Aviation Maintenance Training Market Research Report—Global Forecast till 2027

Aviation Maintenance Training Market Research Report: Information by Aircraft Type (Fixed-Wing, Light Jets, Mid-Size Jets, Heavy Jets, and Rotary Wing), Training Type (Airline Crew Training, Pilot Training, Aircraft Maintenance Training, Air Traffic Control Training, and Aviation Sales & Marketing Training), Technology [Simulated Training (Virtual Reality and Mixed Reality) and Live Training (Big Data and Internet of Things)], Component (Engine, Interior, Airframe, Avionics, and Others),and Region (North America, Europe, Asia-Pacific, M...

ID: MRFR/A&D/4451-CR | August 2021 | Region: Global | 174 pages

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Aviation Maintenance Training Market Overview


The global aviation maintenance training market is projected to register a CAGR of 5.80 % between 2021 and 2027. It is crucial to conduct timely checks or repairs of such airplanes to ensure efficient performance and safe air travel. It is essential that technicians and engineers are adequately trained for the proper maintenance of aircraft. Recently, major companies have been focusing on virtual maintenance training for operating an aircraft with the help of interactive 3D simulation of virtual aircraft models. Thus, as a result, maintenance service providers get used to the inspection and diagnosis of aircraft in real-life scenarios. Thus, they hold significant potential for the increased demand for maintenance of aircraft in the future.


The global aviation maintenance training market has witnessed high growth in recent years owing to the rising maintenance, repair, and overhaul facilities across the globe and the growing business travel industry.However, outdated aviation maintenance training curriculaareexpected to restrain the market growth to some extent.


COVID-19 Analysis


The current projections of global aviation maintenance training market growth till 2027 are expected to be lower than pre-COVID-19 estimates due to the market disruption caused by the pandemic. The pandemic has had a devastating impact on the aviation industry across the world. With the COVID-19 cases still on the rise and slow vaccine roll-out (with a few exceptions such as China) in developing countries, the governments are focused on "flattening the curve" in their countries. Hence, the government is focusing more on healthcare equipment, vaccine development & manufacturing, and roll-out programs. The growth of the aviation maintenance training market in these countries is expected to have a negative impact.


Moreover, due to a decrease in revenues of airline companies, it is also expected that there will be a setback for maintenance, repair, and overhaul service providers and aviation maintenance training organizations. However, with rapid vaccine roll-out in large economies and business travel reaching pre-pandemic levels, the aviation maintenance training market is anticipated to grow once the global economy plunges back. Thus, the global aviation maintenance training market is projected to grow at a slower rate in 2021. However, the growth is expected to reach pre-pandemic levels in a couple of years.


Market Dynamics


Drivers



  • Rising Maintenance, Repair and Overhaul Facilities Across the Globe


With the continuously growing aviation industry, the volume of maintenance, repair, and overhaul facilities has also increased proportionally. In 2019, there were more than 5,000 commercial aircraft in use. This number decreased significantly during the COVID-19 pandemic, with governments around the world halting air travel services for months, which negatively affected the growth of the maintenance, repair, and overhaul services industry, forcing many maintenance technicians out of jobs. Despite this, the outlook looks promising. In April 2021, the Boeing Company, one of the world's largest aerospace and defense companies, in its annual commercial market outlook (CMO), forecasted the demand for over 2,200 new jet planes in India alone over the next two decades. By 2039, the company anticipates a four-fold growth in India's commercial fleet due to the increasing demand for domestic, regional, and long-haul travel. The company ascribed this demand for strong aviation growth and expanding middle-class in the country. The aviation industry is recovering from the pandemic shock slowly. With the factors driving the growth of the aviation industry still being relevant, the market is expected to bounce back to pre-pandemic levels in a couple of years, thereby driving the growth of the maintenance, repair, and overhaul services industry.


Additionally, the players in the aviation maintenance industry have been trying to establish their local presence in the major aviation markets. Besides maintenance, repair, and overhaul services, these companies also offer tailored solutions, including used serviceable material solutions and performance improving modifications while expanding their presence globally. Thus, the rising maintenance, repair, and overhaul facilities worldwide are expected to drive the growth of the aviation maintenance training market during the forecast period.


Opportunities



  • Scope for Growth in Developing Nations


Over the past two decades, several developing economies such as India, China, Mexico, and Brazil have witnessed an increase in their disposable incomes, which is changing the standard of living in these economies. The ties of these developing economies with the global markets have got stronger over the past decades. Better living standards mean more engagement with the economies of the developed nations, therefore, more leisure and business activities. The expanding middle class in these developing economies has been responsible for the growth of their aviation industry. The growing aviation sector continues to generate demand for more passenger aircraft, increasing the demand for local certified aviation maintenance technicians. Therefore, the emerging middle class of developing nations poses lucrative opportunities for the growth of the global aviation maintenance training market.


Restraints


  • Outdated Aviation Maintenance Training Curricula


Aviation maintenance training schools have been complying with the curriculum requirements approved by Federal Aviation Administration (FAA). The curriculum/regulation has not changed much since its original establishment in 1962, which implies that the current aviation maintenance training schools are being taught technology of the 1960s, thereby leading to a skill gap for newly educated aviation maintenance trainees. These outdated training mandates not only impede but restrain the growth of the aviation maintenance training industry. With the booming aviation sector and a worldwide shortage of aviation maintenance technicians, aviation maintenance firms are failing to meet the growing demand for skilled maintenance technicians. Besides outdated training curricula, long training & apprentice time and expensive tuition also restrain the growth of the aviation maintenance training industry to a certain extent. Furthermore, the use of outdated training equipment and instruction methods has had a negative impact on the industry. Additionally, at present, the median age of maintenance technicians is 51 years, 27 percent of which is over 64 years old, which makes the situation even worse. Thus, outdated aviation maintenance training curriculaare expected to restrain the aviation maintenance training market during the forecast period unless the curriculaare changed in alignment with the current technology to reduce the skill gap.


Cumulative Growth Analysis


Introduction of Advanced Technologies to the Aviation Maintenance Training to Bolster Market’s Growth Rate


The global aviation maintenance training market growth is expected to be at a rate of 5.80% over the analysis period (between 2021 and 2027) on account of the introduction of advanced technologies in aviation maintenance training.


Segment Overview



  • Growing Light Jet Travel Industryto Bolster Demand for Light Jets


The global aviation maintenance training market based on aircraft type has been segmented into fixed-wing, light jets, mid-size jets, heavy jets, and rotary wing. Light jets generated the highest revenues in the global aviation maintenance training market in 2020. The light jets segment is forecasted to dominate the market during the review period, owing to the growing need for light jets for business travel.



  • Increasing Use of Simulators for Training Techniciansto Drivethe Demand for Simulated Training Technology


Based on technology, the global aviation maintenance training market is segmented into simulated training and live training. The simulated training segment dominated the global aviation maintenance training market in 2020 and is expected to continue doing so in the coming years during the forecast period.Most of this growth can be attributed to the growing usage of simulators to train technicians or pilots for adverse situations.The segment covers the market for aviation maintenance training in which the maintenance or flight training is augmented with simulators.The simulators artificially stimulate the flight conditions for the individuals to learn to adapt to perform under adverse situations.


Regional Analysis


  • North America Accounted for the Largest Market Share


North America holds the largest market share and is likely to grow considerably during the forecast timeline. The region has witnessed extensive support from the aerospace and defense companies in terms of aircraft donations to aviation maintenance training schools. Moreover, aviation maintenance training schools in the US are studying the scope of adopting advanced technologies, particularly in the fields of machine learning, artificial intelligence, simulation technology, and Internet of Things (IoT).They are also investing in the design and development of advanced maintenance training systems and solutions to enhance the decision-making capabilities of aviation maintenance technicians and significantly reduce the maintenance time. There is a strong presence of several established players operating in the aviation maintenance training market in the US, such as CAE Inc., AAR, SR Technics, Honeywell International Inc., FlightSafety International, and Storm Aviation. Therefore, the North America aviation maintenance training market is expected to register significant growth during the forecast period.



  • APAC Forecasted to Grow at the Fastest Rate


Asia-Pacific aviation maintenance training market had a significant market share in 2020 and is expected to grow at the fastest rate in the coming years during the forecast period. The growth can be ascribed to the presence of emerging economies in the region. With the increase in disposable income, the countries in the region have witnessed rapidly rising air passenger traffic over the past decade. Rising middle class and increasing demand for aircraft are expected to propel the growth of the aviation industry, thereby leading to a growing demand for aviation maintenance training services in the region. The region is expected to generate over 40% of the global demand for new aircraft during the forecast timeline, from which a major chunk is likely to be from emerging economies in the region, such as China and India. Additionally, airlines, through their engineering training departments and associated aviation maintenance training institutes, are offering courses on maintenance training. The courses offered comply with aviation authorities, including European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA).


Competitive Landscape



  • Significant Investments by Players to Intensify Competition


The global aviation maintenance training market is expected to grow significantly in the coming years due to rising maintenance, repair, and overhaul facilities across the globe and the growing business travel industry. The global aviation maintenance training market is characterized by the presence of several international and regional vendors. The market is highly competitive, with all the players trying to gain maximum market share. Frequent changes in government policies, intense competition, and government regulations are the key factors that impact the global market growth. The vendors compete based on cost, product quality, and reliability.


List of Key Companies Covered in this Report



  • CAE Inc. (Canada)

  • AAR Corporation (US)

  • SR Technics (Switzerland)

  • Honeywell International Inc. (US)

  • Lufthansa Technik AG (Germany)

  • FlightSafety International Inc. (US)

  • FlightPath International (Canada)

  • FL Technics (Lithuania)

  • Global Jet Services, Incorporated (US)

  • Insight Aviation (India)

  • Pan Am International Flight Academy (US)


Recent Developments



  • May 2021 –FlightSafety International Inc. launched a joint Upset Recovery Training Program with Flight Research Inc. (Mojave, California, US).

  • December 2020 –FL Technics acquired Wright International, a provider of line maintenance services in Canada. Wright International provides aircraft line maintenance services up to ‘A’ level checks, AOG support, and training for airlines at Canada’s major international airports.

  • November 2020 –CAE Inc. acquired Flight Simulation Company B.V. (FSC) for a cash consideration of around EUR 70 million (approximately USD 108 million).

  • September 2019 – AAR Corporation and WSU Tech formed a partnership to provide MRO education and training.

  • March 2019– CAE Inc. signed a contract with Leonardo Helicopters to provide its 3000 Series full-flight simulators and form a joint training venture for its new Philadelphia Training Academy opening in 2020.

  • March 2019 –CAE Inc. acquired Bombardier’s Business Aircraft Training (BAT) business for an enterprise value of USD 645 million to expand its ability to offer training for customers operating Bombardier business jets.


Report Overview


Scope of the Report


The scope of the report highlights drivers, opportunities, restraints, and challenges surrounding the global market. With easy-to-comprehend segmentation that includes aircraft type, training type, technology, component, and region, MRFR projections are on the basis of historical as well as expected trends. Major firms active in the global market have been profiled as well, paired with the top strategies employed by them to remain competitive in the industry.


Segmentation Table


Aircraft Type


  • Fixed-Wing

  • Light Jets

  • Mid-Size Jets

  • Heavy Jets

  • Rotary Wing


Training Type


  • Airline Crew Training

  • Pilot Training

  • Aircraft Maintenance Training

  • Air Traffic Control Training

  • Aviation Sales & Marketing Training


Technology


  • Simulated Training

  • Virtual Reality

  • Mixed Reality

  • Live Training

  • Big Data

  • Internet of Things


Component


  • Engine

  • Interior

  • Airframe

  • Avionics

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   
  CAGR   5.80% (2021–2027)
  Base Year   2020
  Forecast Period   2021-2027
  Historical Data   2019
  Forecast Units    Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Aircraft Type, Training Type, Technology, and Component
  Geographies Covered   North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America
  Key Vendors   CAE Inc., AAR Corporation, SR Technics, Honeywell International Inc., Lufthansa Technik AG, FlightSafety International Inc., FlightPath International, FL Technics, Global Jet Services, Incorporated, Insight Aviation, and Pan Am International Flight Academy
  Key Market Opportunities   Scope for Growth in Developing Nations Scope to Implement Artificial Intelligence in Maintenance Training
  Key Market Drivers   Rising Maintenance, Repair,and Overhaul Facilities Across the Globe Growing Business Travel Industry


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Frequently Asked Questions (FAQ) :

The aviation maintenance training market can rise at 7% CAGR by 2023.

By 2023, the aviation maintenance training market can worth substantial value.

SR TECHNICS (Switzerland), Lufthansa Technical Training GmbH (Germany), and Honeywell International Inc. (U.S.) are some well-established aviation maintenance training market players.

Growing demand for effective MRO solutions to support aviation maintenance training market.

APAC aviation maintenance training market value to rise at high pace in the near future.