Market Size of military training aircraft Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 2.76 Billion |
|
|
Market Size (2030) | USD 4.78 Billion |
|
Largest Share by Region | Asia-Pacific |
|
|
CAGR (2024 - 2030) | 9.59 % |
|
|
Market Concentration | Medium |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Military Training Aircraft Market Analysis
The Military Training Aircraft Market size is estimated at 2.76 billion USD in 2024, and is expected to reach 4.78 billion USD by 2030, growing at a CAGR of 9.59% during the forecast period (2024-2030).
2.8 B
Market Size in 2024 (USD)
4.8 B
Market Size in 2030 (USD)
617
Total Deliveries in the Historic Period (2017-2023)
1228
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Region
56.59 %
value share, Asia-Pacific, 2023
Major countries in the region, such as China and India, are planning to meet the increasing need for training requirements for their future pilots.
Largest Market by Country
19.58 %
value share, China, 2023
The country's plan to develop indigenous training aircraft in order to meet their training requirements is anticipated to drive the market's growth.
Leading Market Player
26.35 %
market share, United Aircraft Corporation, 2022
The company's focus on its higher goals and unique military aircraft products is prompting the countries to procure from it.
Second Leading Market Player
18.63 %
market share, Pilatus Aircraft Ltd, 2022
The company is the second-leading player in the training aircraft market because of its wide range of geographical presence.
Third Leading Market Player
13.36 %
market share, Korea Aerospace Industries, 2022
The cost-effective products of the company and its preference across all regions are expected to enhance the company's growth.
Rising demand for modern warfare associated with increasing defense budgets are the driving factors in the market
- Military training aircraft played a crucial role in preparing pilots for the challenges of modern warfare. These specialized aircraft provide aspiring aviators with the essential skills and knowledge necessary to operate advanced combat platforms. As nations worldwide strike to maintain robust defense capabilities, the demand for military training aircraft remains high.
- Defense spending plays a crucial role in shaping the demand for training aircraft. Countries with higher defense budgets are allocating significant resources to procure and maintain advanced training aircraft. The world's military expenditure rose by 3.7% in 2022, reaching a record high of USD 2240 billion. Russia’s invasion of Ukraine was a major driver of the growth in spending in 2022. The five biggest spenders in 2022 were the United States, China, Russia, India, and Saudi Arabia, accounting for 63% of world military spending.
- Additionally, in terms of fleet procurement, during 2017-2022, a total of 546 training aircraft were procured, which is 12% of the global military aircraft fleet. Regarding the active fleet, there are 11,410 military training aircraft globally. Of these total aircraft, Asia-Pacific accounted for most of the active fleet with 27%, followed by North America at 24%, Europe at 22%, Middle East and Africa at 18%, and South America at 9%, respectively. Overall, in the pursuit of maintaining a highly capable and agile defense force, military training aircraft play a central role in shaping the future of global security and military preparedness, and as a result, during 2023-2030, a total of 1,309 military training aircraft is expected to be delivered.
Understand The Key Trends Shaping This Market
