Military Training Aircrafts Set for Action to Reach USD 6.62 Billion By 2030
- The military training aircraft market is projected to register a CAGR of 3.27%, reaching USD 6.62 billion by 2030.
- The helicopter segment is expected to record the highest CAGR of 4.37% during the forecast period.
- The APAC region is estimated to grow with the highest CAGR of 3.8% reaching a market value of USD 2.05 billion during the forecast period.
Read our related report on: Military Aircraft Simulation and Training Market
Rise in Focus for Advanced Jet Trainers
- The US has the largest procurement plan for advanced jet trainers as it looks to replace Northrop T-38 Talon fleet with the new T-7 Red Hawk manufactured by Boeing and Saab. Such large procurement plans to replace ageing trainer aircraft fleet will drive the growth of this segment over the next decade.
- In mid-2021, the US Air Force agreed to supply Vietnam the Beechcraft T-6 Texan II turboprop trainer/light-attack aircraft. The three-trainer aircraft are expected to be delivered by mid-2023.
- In August 2021, Korea Aerospace Industries announced that it had won a USD 78 million deal from Thailand to supply two T-50TH advanced trainer jet.
Market Opportunities and Future Trends in Military Training Aircraft Space
- Currently, the trend has been shifting from the development of heavier trainer aircraft to light trainer aircraft. Various companies are now focused on the development of light trainer aircraft with advanced capabilities, which can provide cost effective training solutions to the militaries.
- The first models of electric trainer aircraft are expected to enter service during the forecast period. In October 2021, Korea Aerospace Industries, or KAI, showcased a concept model of an electrically powered basic trainer aircraft during the Seoul International Aerospace and Defense Exhibition 2021.
- With the growth in demand for cost reduction, future trainer aircraft are expected to incorporate systems that reduce the procurement and operational costs. Also, with the growing focus on training fighter pilots in aircraft that performs like a fighter, there is a growing requirement for supersonic trainer jet. The adoption of such aircraft is expected to increase in the years to come.
Latest Developments in Military Training Aircraft Market
- In November 2021, Textron Aviation Defense LLC was awarded USD 143 million contract from the Royal Thai Air Force (RTAF). According to the agreement, the company will provide eight Beechcraft AT-6 Wolverine aircraft, ground support equipment, spare parts, training, and other equipment to RTAF.
- In November 2021, Niger placed an order to Turkish Aerospace Industries for the delivery of undisclosed quantity of the Hurkus trainer aircraft . Following the order, the country became the first foreign customer of the new Turkey’s indigenously manufactured training aircraft.
- In September 2021, Pilatus announced that the company delivered the first PC-21 aircraft to Spanish Ministry of Defence (to enter service through the Spanish Air Force). The aircraft is first of 24 aircraft on order under contract signed in January 2020 and the deliveries are expected to be completed by June 2022.
