Aviation Maintenance Training Market Overview, Segmentation Analysis, Prominent Regions, and Forecast to 2027
Aviation
Maintenance Training Market will obtain an estimated value with a CAGR of 5.80%
between 2020-2030.
To ensure
effective operation and safe air travel, it is essential to carry out checks or
repairs on such aeroplanes as soon as possible. For the appropriate upkeep of
aircraft, technicians and engineers must have the necessary training.
Consequently, maintenance service providers become accustomed to inspecting and
diagnosing aeroplanes in real-world situations. Due to the expansion of
maintenance, repair, and overhaul facilities worldwide and the expanding
business travel sector, the global market for Aviation Maintenance Training Market
Overview has
experienced rapid growth in recent years. However, an out-of-date aviation
maintenance training curriculum is anticipated to somewhat constrain market
expansion.
The company
attributed this demand to the nation's rising middle class and rapid growth in
aviation. The market is anticipated to return to pre-pandemic levels in a few
years due to the continued relevance of the factors boosting the aviation
industry, which will fuel the expansion of the maintenance, repair, and
overhaul services sector. The companies in the aircraft maintenance market have
also been attempting to build up their local presence in the main aviation
markets.
The number
of maintenance, repair, and overhaul facilities has expanded proportionally to
the steadily expanding aviation sector. This number significantly dropped
during the COVID-19 pandemic, when air travel was suspended for months by
governments all over the world. This had a negative impact on the expansion of
the maintenance, repair, and overhaul services sector and resulted in the
layoff of numerous maintenance technicians.
Competitive
Landscape
Following
is Aviation Maintenance Training Market Players:
·
CAE
Inc. (Canada)
·
AAR
Corporation (US)
·
SR
Technics (Switzerland)
·
Honeywell
International Inc. (US)
·
Lufthansa
Technik AG (Germany)
·
FlightSafety
International Inc. (US)
·
FlightPath
International (Canada)
·
FL
Technics (Lithuania)
·
Global
Jet Services, Incorporated (US)
·
Insight
Aviation (India)
·
Pan
Am International Flight Academy (US)
Segmentation
The Aviation Maintenance Training Market
Size is divided
into different segments to anticipate the revenues and examine the market
shares of each segment throughout the forecast period.
Based on
the aircraft type, the worldwide aviation maintenance training market has been
divided into fixed-wing, light jets, mid-size jets, heavy jets, and rotary wing
categories. The aviation maintenance training market was most profitable for
light jets in 2020. Due to the increasing demand for light jets for business
travel, the market for light jets is anticipated to dominate over the study
period.
Regional
Analysis
Over the
years, Asia-Pacific has developed into an important aviation center. Due to a
rise in demand for air travel, the growing economies in the area, including
India and China, are seeing enormous growth in their civil aviation businesses.
As a result, a significant growth rate in Asia-Pacific sales is anticipated
during the forecast period. The Boeing Company delivered 91 aircraft in the
Asia-Pacific area in 2021, compared to 30% of Airbus' deliveries in the same
market. Due to strong domestic demand, China is driving the resurgence of
commercial aviation worldwide and assisting airlines in experiencing financial
recovery.
Recent
Developments
Boeing
reported in January 2022 that it had received a sizable order from Qatar
Airways. The contract, valued at USD 34 billion at list prices, consists of a
provisional order for 25 737 Max 10 aircraft and options to purchase a further
25.
In November
2021, 255 A321neo Family aircraft were ordered from Airbus SE by portfolio
companies of Indigo Partners, including Wizz Air, Frontier, Volaris, and
JetSMART. With this purchase, the airlines owned by Indigo Partners have
ordered 1,145 aircraft from the Airbus A320 series.
The Indian
Government authorized a deal to buy 56 transport planes for the Indian Air
Force in September 2021.
Aviation
Maintenance Training Market Research Report: Information by Aircraft Type
(Fixed-Wing, Light Jets, Mid-Size Jets, Heavy Jets, and Rotary Wing), Training
Type (Airline Crew Training, Pilot Training, Aircraft Maintenance Training, Air
Traffic Control Training, and Aviation Sales & Marketing Training),
Technology [Simulated Training (Virtual Reality and Mixed Reality) and Live
Training (Big Data and Internet of Things)], Component (Engine, Interior,
Airframe, Avionics, and Others),and Region – Forecast 2030
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Windows, Galley, In-Flight Entertainment and Lavatory), by Aircraft Type (Wide
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