Global Aviation Maintenance Training Market Overview:
Aviation maintenance training refers to the courses or programs for skill & knowledge development of individuals who are pursuing their career in aircraft maintenance industry. Increasing demand of aircraft maintenance due to rising global aircraft fleet for both commercial and military aircraft is one of the major factors aiding into the growth of aircraft maintenance training market globally. The aviation industry is expected to witness reduction in revenue of approximately USD 63-113 billion in 2020. In addition, the rising production of commercial aircraft and rising global commercial aircraft fleet were expected to be the major drivers of this since during the past few years whereas the aircraft production and deliveries are expected to be delayed during the forecast period due to COVID-19 impact on the aviation industry which has led the industry into a crisis zone.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing adoption of VR/AR technologies in simulation training and Rising interest of individuals for career opportunities in the aviation industry
Market Growth Drivers:
Increasing Demand for Aircraft Maintenance due to Rising Aircraft Fleet Globally, Growing Geographical Expansion and Rising Availability of Aviation Maintenance Training Institutes across Different Regions and Rising Challenges for Airline Service Providers to Provide Training with their Maintenance Individuals to Support Their Rising Fleet of Aircraft
Challenges:
High requirement of understanding technical knowledge and maintenance skills
Restraints:
Negative Impact of COVID-19 Pandemic in the Aviation Industry Across the World
Opportunities:
Rising global aircraft fleet and Increasing number of aircraft assembly plants
Competitive Landscape:
The vendors are totally focusing on capturing commercial and defence aircraft maintenance training contracts from different airline service providers and defence forces. However, the recent economic crisis in the industry has led many forecasted factors to be changed accordingly wherein the global aviation maintenance training is one of the major markets which have been impacted enough due to industry’s crisis.
Some of the key players profiled in the report are CAE (Canada), AAR (United States), SR TECHNICS (Switzerland), Honeywell International Inc. (United States), Lufthansa Technical Training (Germany), FlightSafety International Inc. (United States), FlightPath International (Canada), FL Technics Training (Lithuania), Storm Aviation (England), Global Jet Services, Incorporated (United States), Airbus S.A.S. (France), Boeing (United States), Lockheed Martin Corporation (United States), Raytheon Company (United States) and Rolls-Royce plc (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like ACRATS Group B.V. (The Netherlands), Maintenance Training Organization AIESL (India), Etihad Engineering (UAE), Pan Am International Flight Academy (United States) and Air Tractor (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Aviation Maintenance Training market by 2030. Considering Market by Service, the sub-segment i.e. Simulation Training will boost the Aviation Maintenance Training market. Considering Market by Aviation Component, the sub-segment i.e. Engine will boost the Aviation Maintenance Training market. Considering Market by Aircraft, the sub-segment i.e. Commercial will boost the Aviation Maintenance Training market.
Latest Market Insights:
In November 2019, FlightPath International, Alberta Group, and The International Safety Training College formed an alliance to support commercial airline training & flight services which includes maintenance training as well.
In April 2019, Rolls-Royce plc and Qatar Airways introduced virtual reality (VR) training which helps Doha-based Qatar engineers to perform disassembling of Trent’s XWB engines.
Stringent Government Regulations Regarding the Suspension of Airline Flights all Across the World in Different Countries to Avoid the Spread of COVID-19
Analyst View
The market for aircraft maintenance training is expected to grow at a sluggish pace as airlines or aviation industry is going through a huge economical crisis. As per the current situation, the industrial economic crisis has led the vendors to lose the market for sometime but the market is expected to witness slight increase in the growth of aviation maintenance training market globally.
What Can be Explored with the Aviation Maintenance Training Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aviation Maintenance Training Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aviation Maintenance Training
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aviation Maintenance Training market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aviation Maintenance Training market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Airline Service Providers, Aviation Maintenance Training Institutes, MRO Service Providers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.