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    Military Training Aircraft Market Report

    Military Training Aircraft Market Report
    Report code - SR2045 Delivery - 2 Weeks
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    Military Training Aircraft Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Market Insights

    The Military Training Aircraft market was estimated at US$ 3.1 Billion in 2021 and is expected to grow at a CAGR of 2.9% during 2022-2028 to reach US$ ~4.9 Billion in 2028.

    For the past few years, safeguarding new pilots has been a significant concern for airlines worldwide. The root cause of the shortage varies by region: In the U.S., an aging workforce faces mandatory retirement, fewer pilots exiting the military, and barriers to entry, including the cost of training. In China and other regions where a growing middle class is demanding air travel, the struggle is to expand capacity fast enough.

    The COVID-19 Military Training Aircraft market had a moderate impact on revenues, given the no effect on the demand for military training. Worldwide militaries are keen on providing more efficient aircraft fleets, prompting them to opt for new next-generation aircraft with more innovative features and advanced cockpits. This has risen to a higher requirement for pilot training on new aircraft interfaces, strengthening the procurement rate of trainer variants.

    From Boeing, multi-engine trainers such as the Boeing 707 are used by pilots that use fixed-wing aircraft types, and aircraft like Boeing T 43 are used for training navigators. Moreover, lightweight, sophisticated jet trainers with robust attack capabilities like the Dassault Alpha jets are being deployed in light strike roles.

    But the substantial costs involved in developing innovative trainer aircraft can challenge players worldwide. When required proper air support to traditional aircraft, the adoption rate of primary trainer aircraft will get affected due to lack of ability.

    Some of the major players in the market are Hindustan Aeronautics Ltd, Pilatus Aircraft Ltd, Textron Inc., BAE Systems PLC,  and Leonardo SpA. Various initiatives and product innovations are being accepted by multiple companies, helping them strengthen their presence in the market. One of the players, Boeing, is likely to become the most significant player in the market as it starts delivering its most advanced trainer jet aircraft ( the T-7A Red Hawk, whose contract from the U.S. alone is worth USD$ 9.2 billion, with planned purchasing of 350 units in the coming 15-20 years.

    Several investments in the defense industry have been directed at Military Training Aircraft in recent years, which would boost the overall market. Some of them are:

    • In April 2022, according to Stockholm International Peace Research Institute, worldwide military expenditure rose from 0.7% in 2021, which is expected to reach $2,113 billion. The five largest defense spenders in 2021 were the US, UK, India, China, and Russia, accounting for around 62% of the total country’s expenditure.
    • India is now continuing to invest in its defense forces. Last month, the Union Minister of State for Defence announced that the Indian Airforce will be worth $79 billion from 2020 to 2030.
    • According to the Department for Promotion of Industry and Internal Trade (DPIIT), from April 2020 – June 2021, the Foreign Direct Investment (FDI) equity flow in the Indian Defense sector was valued at $10.15 million.

    Segment Analysis

    Based on the type, the market is divided into Fixed-Wing and Rotary-Wing. Fixed-wing is further segmented into Basic Jet Trainers, Intermediate Jet Trainers, and Advanced Jet Trainers. The Fixed-Wing is expected to remain the largest market Military Training Aircraft in the forecast period. The increasing adoption of military training aircraft by developed economies such as the U.K. and the U.S. drives the segment growth.

    Based on the seat type, the market is bifurcated into single and twin. The single-seat type is expected to remain the biggest market for Military Training Aircraft in the forecast period. Due to the increasing modernization of old military training aircraft, a single type has a potential market share during the assessment period.

    Based on the application, the market is segmented as armed and unarmed. The armed account for the largest market share in 2021, owing to the increasing arms race in developing nations.

    In terms of regions, North America is likely to maintain its supremacy in the Military Training Aircraft market throughout the forecast period. This is primarily due to the new technical solutions and the application of modern technologies, which have directed the introduction of various combat aircraft configurations, moreover, with a significant improvement in reliability, operational performance, and flight performance through the creation of new features that enhance the ability to integrate sensors and process the information.

    Simultaneously, Asia Pacific is expected to witness the fastest growth in the global Military Training Aircraft market during the forecast period. Continuously increasing military expenditure of developing countries such as China and India is driving the market growth in the region. Furthermore, growing cross-border terrorism in India, China, and Pakistan encourages government bodies to invest in military training aircraft.

    Key Players

    There is stiff competition in the Military Training Aircraft market. However, the growth of the market players is directly dependent on the industry conditions and government support. These companies differentiate their Military Training Aircraft based on their quality and penetration in the target and emerging markets. Also, recent significant mergers and acquisitions in the industry have significantly influenced the competitive dynamics. For example:

    • In February 2021, HAL (Hindustan Aeronautics Limited)  received an RFP (Request for proposal) from the Indian Air Force (IAF) for the purchasing of 70 HTT-40 primary trainer aircraft. The RFP (Request for proposal) also includes an option for the IAF to procure 38 additional trainers. Additionally, India is in the line to conduct the first flight for its homegrown HTT 40 primary trainer aircraft.
    • In January 2022, HAL (Hindustan Aeronautics Limited) successfully demonstrated the ability of the aircraft to perform six turn spins on both sides (Left-hand and Right-hand sides). The plane was developed for the stage II training of IAF (Indian Air Force) pilots.
    • In February 2022, the Department of National Defense of the Philippines announced that it had received four new CESSNA 172S Skyhawk Trainer Aircraft worth USD$ 2.2 million from the U.S. under the latter's Foreign Military Financing Program.
    • In Oct 2019, at the Naval Helicopter Association's Fleet Fly-in at Naval Air Station, Florida, Airbus pilots successfully conducted orientation flights with the U.S. Navy pilots and other stakeholders to demonstrate the capabilities of the H135 trainer aircraft. Furthermore, The H135 trainer aircraft provides future pilots with an ideal platform for training missions conducted over water and in reduced visibility. Thus, the various current developments may lead to a growth of the military trainer aircraft in the North American region.

    The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the Military Training Aircraft market:

    • Hindustan Aeronautics Limited (India)
    • The Boeing Company (U.S.)
    • Raytheon Company (U.S.)
    • Northrop Grumman Corporation (U.S.)
    • Lockheed Martin Corporation (U.S.)
    • Diamond Aircraft Industries (Austria)
    • IRKUT CORPORATION (Russia)
    • BAE Systems plc (U.K.)
    • Grob Aircraft (Germany)
    • Leonardo SpA (Italy)

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Frequently Asked Questions (FAQs)

    The Military Training Aircraft market was estimated at US$ 3.1 Billion in 2021 and is expected to grow at a CAGR of 2.9% during 2022-2028 to reach US$ ~4.9 Billion in 2028.

    The major players in the Military Training Aircraft market are Hindustan Aeronautics Limited (India), The Boeing Company (U.S.), Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), Lockheed Martin Corporation (U.S.), Diamond Aircraft Industries (Austria), IRKUT CORPORATION (Russia), BAE Systems plc (U.K.), Grob Aircraft (Germany), Leonardo SpA (Italy).

    North America is likely to maintain its supremacy in the Military Training Aircraft market throughout the forecast period.

    Asia Pacific is expected to witness the fastest growth in the global Military Training Aircraft market during the forecast period.

    Based on the application, the market is segmented as armed and unarmed. The armed account for the largest market share in 2021, owing to the increasing arms race in developing nations.

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