Military Training Aircraft Market Research Report - Global Forecast till 2027

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 2030

ID: MRFR/A&D/2667-HCR | December 2022 | Region: Global | 100 Pages         

Military Training Aircraft Market

Military Training Aircraft Market Size is expected to reach USD 40.21 Billion by 2030, registering a CAGR of 3.07% during 2020-2030.

Segmentation

By Type Basic Jet Trainers Intermediate Jet Trainers Advanced Jet Trainers
By Seat Type Single & Twin
By Application Armed & Unarmed

Key Players

  • Raytheon Company (US)
  • Northrop Grumman Corporation (US)
  • IRKUT CORPORATION (Russia)
  • BAE Systems plc (UK)
  • Lockheed Martin Corporation (US)
  • Hindustan Aeronautics Limited (India)
  • Diamond Aircraft Industries (Austria)
  • The Boeing Company (US)
  • Grob Aircraft (Germany)
  • Textron Inc(US)
  • Embraer SA (Brazil)
  • Leonardo SpA (Italy).

Drivers

  • Increasing arms race across the world
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Military Training Aircraft Market Overview


Military Training Aircraft Market Size is expected to reach USD 40.21 Billion by 2030, registering a CAGR of 3.07% during 2020-2030.


The COVID-19 outbreak had a mild impact on the total market revenues, given the no impact on the demand for military training. Worldwide militaries are keen on maintaining more compact but efficient aircraft fleets. This is prompting them to purchase new next-generation aircraft with innovative features as well as sophisticated cockpits. This has resulted in a higher demand for pilot training on new aircraft interfaces, thereby bolstering the procurement rate of trainer variants.


Lightweight advanced jet trainers with robust attack capabilities such as the Dassault/Dornier alpha jets are being deployed in light strike roles. Multi-engine trainers such as the Boeing 707, are deployed by pilots that use fixed-wing aircraft type and aircraft like Boeing T 43 are being used for training navigators.


But the substantial costs involved in developing innovative trainer aircraft can challenge the players part of the worldwide market. The adoption rate of basic trainer aircraft will also be affected by the lack of ability to offer proper air support to traditional aircraft when required.


However, with simulation-based training technologies achieving a higher rate of sophistication for training the pilots in extensive warfare scenarios, the players are bound to be presented with lucrative opportunities in the future. In short, the surge in technical advances and the rising military budgets across the globe could be major opportunities for the firms in the years ahead.


Segmentation of the Global Military Training Aircraft Market


Based on type, the global market has been segmented into fixed-wing and rotary-wing. The fixed-wing segment has been sub-segmented into basic jet trainers, intermediate jet trainers, advanced jet trainers. The fixed-wing segment dominated the market in 2018 and is expected to witness a higher CAGR during the forecast period. The growing adoption of military training aircraft by developed countries such as the US and the UK is driving the segment growth. Based on seat type, the global market has been divided into single and twin. The single-seat segment dominated the market in 2018. However, the twin-seat segment is expected to witness a higher CAGR during the forecast period owing to increasing modernization of old military training aircraft. Based on application, the global market has been divided into armed and unarmed. The armed segment dominated the market in 2018 and is expected to witness a higher CAGR during the forecast period. Factors such as increasing arms race across the world and increasing terrorism are driving the segment growth. Based on the region, the market has been categorized as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America held the largest market share in 2018. However, Asia-Pacific is expected to grow with the highest CAGR during the forecast period, 2019 to 2028. Increasing military expenditure of developing countries such as China and India are driving the market growth in the region. Furthermore, growing cross-border terrorism in countries such as India, China, and Pakistan are also encouraging the government bodies to invest in military training aircraft.


Intended Audience



  • Military training aircraft manufacturers

  • Defense companies

  • Government authorities

  • Defense organizations

  • Research institutes

  • Regulatory bodies


Key Players


The key players in the global military training aircraft market are Raytheon Company (US), Northrop Grumman Corporation (US), IRKUT CORPORATION (Russia), BAE Systems plc (UK), Lockheed Martin Corporation (US), Hindustan Aeronautics Limited (India), Diamond Aircraft Industries (Austria), The Boeing Company (US), Grob Aircraft (Germany), Textron Inc. (US), Embraer SA (Brazil), and Leonardo SpA (Italy).


Research Methodology


The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market sizing, forecast, and analysis: Detailed coverage of the market segment and sub-segments

  • Regional/country trends and forecast: detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region

  • Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology trends, regulatory landscape, and patent analysis outlook

  • Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities


Recent Development


February 2022


TF-X, Turkey’s advanced fifth-generation stealth fighter will be making its first flight in the coming three years. Ankara, a renowned military power, is seeking an advanced fighter jet and Turkey’s TF-X, which is touted to be the equivalent of the US F-35, can fulfill this need.


February 2022


The UAE Defense Ministry is expected to enter a contract deal with China National Aero-Technology Import & Export Corporation (CATIC) to attain the L15 training & light combat aircraft, in line with the possibility of procuring another 36 planes in the years to come.


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:


Company Profiles


In-depth profiling of additional market players (3 to 4 companies)


Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)


 



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Frequently Asked Questions (FAQ) :

Global military training aircraft market is projected to register a moderate 2.75% CAGR in the forecast period.

The military segment is expected to observe substantial demand over the review period.

The twin-seated segment is expected to secure the highest CAGR.

The armed segment is expected to observe substantial demand over the review period.

A few emminent market players operating in the global military training aircraft market are Raytheon Company (US), Northrop Grumman Corporation (US), BAE Systems plc (UK), among others.