Trainer Aircraft Market: Introduction
A trainer aircraft is a type of aircraft designed explicitly to simplify flight training programs of pilots and aircrews. Trainer aircraft includes all training platform types serving to cover basic, advanced, fighter, attack, helicopter, and general flight training of airmen. Not every country has trainer aircrafts. At preset times, only seven countries have production of jet trainer aircrafts. These includes Czech Republic, China, Italy, Russia, South Korea, the United Kingdom and the USA). Also, there are only five countries that manufacturer modern turboprops. This includes South Korea, Brazil Germany, Switzerland, and U.S.).
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Trainer Aircraft Market: Dynamics
Aviation is one of the top growing industries. One of the key factors of this growth is the increased aviation spending that can be from government or from other private industrialists. Consequent affect is observed in the growth of trainer aircraft market.
The aviation industry has witnessed considerable growth in the aircraft fleet size, owing to the increasing number of successful aircraft deliveries alongside the increasing number of air passengers. This factor has been propelling the demand for more number of pilots and subsequently, drives the growth of the global trainer aircraft market.
Another factor driving the growth of trainer aircraft market is the rising importance on the execution of training programs of fighter pilots particularly on advanced trainer aircraft is expected to result in the growth of the military or jet trainer aircraft market during the forecast period.
One of the key challenge that has to be faced by the market participants of trainer aircrafts is the increasing cost of manufacturing of military trainer aircrafts.
As per the findings, the age of jet trainer aircrafts since maiden flights shows that some 1/3 of the global fleet was designed more than 50 years ago. This in turn is expected to create significant opportunities for new trainer aircrafts during the forecast period.
Trainer Aircraft Market: Segmentation
| On the basis of aircraft Type |
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| On the basis of Wing Type |
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| On the basis of application |
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| On the basis of technology |
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Trainer Aircraft Market: Regional Outlook
Growth attributing factors for the trainer aircraft market includes increasing defense spending, jet aircrafts sales, investment of training programs and among others.
The United States account for over half of the global aerospace industry resulting into a sizable demand for trainer aircraft from the country. Also, the country has a strong trade position, in turn, reflecting dominance in the export market in key segment; Narrow body aircrafts, wide body aircrafts, and military aircrafts.
The country also ranks on top regarding the fleet size of trainer aircrafts. Countries such as Russia, Japan, Egypt, China, South Korea, Turkey and India are among the leading countries in the global trainer aircrafts market.
Trainer Aircraft Market: Key Players
Examples of some of the market participants identified across the value chain of the global Trainer Aircraft market include:
- The Boeing Company
- Diamond Aircraft Industries
- Pilatus
- Hindustan Aeronautics Limited
- Raytheon Aircraft Company
- Embraer
- Northrop Corporation
- Bombardier
- Lockheed Martin Corporation
- Irkut Corporation
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