Rising need to replace old military training aircrafts with hi-performance and advanced ones and increasing government initiatives towards counterterrorism to drive the growth of the global military training aircraft market.
According to TechSci Research report on, “Military Training Aircraft Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global military training aircraft market is anticipated to witness robust CAGR over the forecast period 2023-2027. The market growth can be attributed to the growing inclination for advanced trainer aircrafts due to their ability to carry and deliver heavy war loads in times of necessity. Besides, rising focus of countries such as China, India, United Kingdom, Iran, etc. on increasing their defense capabilities and upgrade security measures are expected to create high demand for military training aircrafts in coming years. Furthermore, surge in demand for trainer aircrafts as pilots need to be trained to use the fighter aircrafts properly and rising geopolitical tensions among different countries are anticipated to fuel the growth of the global military training aircraft market during the forecast period.
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The global military training aircraft market is segmented on the basis of type, application, seat type, and region. Based on the type, the market is further divided into rotary blade and fixed wing. The fixed wing segment is anticipated to register the fastest growth in the global military aircraft market, owing to the increasing developments in the fixed-wing military trainer aircraft and rising number of training programs. Besides, introduction of new fighter aircrafts by market players and increasing number of countries requiring trainer aircrafts to train their pilots are expected to boost the market growth.
Based on application, the market is segmented into armed and unarmed. The armed segment is anticipated to register the highest growth in the global military training aircraft market. Advanced training aircrafts are capable of carrying and delivering heavy war loads and can be used during low intensity air combats while acting as a support for superior fighter aircrafts. As the countries like China, India, South Korea are increasingly focusing on strengthening their defense system, they are investing to expand their air force fleet. Hence, up-gradation of aerial firepower from the largest defense spenders and growing arms race are some of the factors contributing to the growth of the global military training aircraft market.
Based on seat type, the market is differentiated into single and twin. The twin segment is anticipated to hold the largest share in the global military training aircraft market, owing to the increasing modernization of old military training aircrafts. The twin seater military training aircrafts are being preferred as the instructor can seat in the rear seat and take control when necessary. Besides, the twin seater military training aircrafts are also in demand for flight personnel’s training in order to reduce psychological stress of inexperienced pilots and to perform lengthy flights over featureless terrain. Furthermore, the Weapon Systems Officer (WSO) sitting in the back seat can operate sensors, guide weapons, and drone command links more effectively in combat. Hence, China, Russia, and many other countries are developing two-seater stealth version of stealth fighter so that the pilot can manage his own aircraft and the WSO can focus on supervising drones. Thus, the twin seater segment is expected to remain in high demand for training military personnel in the coming years.
A list of major market players of the global military training aircraft market includes:
- Northrop Grumman Corporation
- Embraer SA
- BAE Systems PLC
- Pilatus Aircraft Ltd
- Leonardo SpA
- Hindustan Aeronautics Ltd
- Diamond Aircraft Industries
- The Boeing Company
- Textron Inc.
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“Growing demand for fifth-generation fighter jets across the world due to their advanced features such as advanced avionics, highly integrated computer systems, low-probability-of-intercept radar (LPIR) are expected to boost the growth of military training aircrafts market. North America is anticipated to hold the largest share in the global military training aircraft market, owing to significant developments related to military trainer aircrafts in the region, Besides, a surge in new technical solutions and their growing application in combat aircrafts for enhanced reliability, flight performance, and operational performance is expected to boost the global military training aircraft market. However, Asia-Pacific is also expected to register the fastest growth in the global military training aircraft market owing to the increasing military spending driven by rising geopolitical tensions and territorial disputes among neighboring countries. Hence, increasing initiatives by government and private organizations to expand their military fleet are expected to fuel the market growth.” said Mr. Karan Chechi, Research Director, TechSci Research, a research based global management consulting firm.
“Military Training Aircraft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Fixed Wing, Rotary Blade), By Application (Armed, Unarmed), By Seat Type (Single, Twin) and By Region” has evaluated the future growth potential of global military training aircraft market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global military training aircraft market.
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