The global aviation maintenance training market size was valued at USD 4,072.41 million in 2022. It is expected to reach USD 6,822.04 million by 2031, growing at a CAGR of 5.9% during the forecast period (2023–2031).
The process of providing routine upkeep, care, and airworthiness for an aircraft, as well as its engine and components, is known as aviation maintenance. In order to guarantee safe and proper flight operation, it is closely regulated. International standards are created by the International Civil Aviation Organization and are used to synchronize national civil aviation legislation. In order to control maintenance activities, personnel, and the inspection process, local airworthiness authorities must put International Civil Aviation Organization (ICAO) standards into practice. Maintenance checks, often known as blocks, are collections of upkeep chores that must be completed on an aircraft after a specific period of time or use in civil aviation. For the proper upkeep of aircraft, technicians and engineers must receive the necessary training. With the aid of interactive 3D simulation of virtual aircraft models, major companies have recently concentrated on virtual maintenance training of aircraft. As a result, maintenance service providers become accustomed to diagnosing and inspecting aircraft in real-world situations.
The aviation industry's growth has led to more MRO facilities. In 2019, there were over 5,000 commercial aircraft. The COVID-19 pandemic caused governments worldwide to suspend air travel for months, causing many maintenance technicians to lose their jobs. This number dropped dramatically. In its annual Commercial Market Outlook (CMO) report, published in April 2021, Boeing predicted India would need over 2,200 new jet planes over the next two decades. Rising demand for short, long, and intercontinental flights will quadruple India's commercial fleet by 2039. The company stated that the growing middle class and aviation industry drive this demand. Aviation is slowly recovering from the pandemic shock. Due to the continued relevance of factors boosting the aviation industry, the market is expected to return to pre-pandemic levels in a few years.
Business travel is essential for many business functions, such as global human resource management, temporary business migration, industry, and work sociology. Business sectors are changing daily as a result of businesses going global. These globalizing businesses are distinguished by intricate subcontracting and supplier networks, international production divisions, and geographic dispersion, which fuels the demand for physical travel. In addition, business trips have a variety of uses, including attending meetings with clients, suppliers, and subcontractors to close deals, offering product support services, participating in training sessions and trade conferences, and making sales pitches. The modern network-based business sector now cannot function without business travel.
In emerging economies like India, China, Mexico, and Brazil, the growth of the business travel industry is more apparent. The growing middle-class population and rising disposable income are primarily responsible for this growth. In these economies, the middle class' growing purchasing power creates demand for goods, opening doors for both new and existing businesses to expand and thrive. As a result, the expanding business travel sector is anticipated to boost demand for new aircraft, which will propel the expansion of the market over the forecast period.
Aviation maintenance training institutions (FAA) have followed the Federal Aviation Administration-approved curriculum requirements. Since the curriculum and regulations have not changed significantly since the program's founding in 1962, the current training institutions are likely still using 1960s-era technology, which leaves a skill gap for newly graduated aviation maintenance trainees. These out-of-date training requirements not only obstruct but also limit the expansion of the training sector. Due to the booming industry and a global shortage, aviation maintenance companies cannot keep up with the rising demand for qualified technicians. Along with out-of-date training materials, the training sector's expansion is also somewhat constrained by long apprenticeship and training periods and high tuition. The industry is also negatively impacted by outdated instructional techniques and training tools.
Many developing nations, including Brazil, Mexico, China, and India, have seen an increase in disposable income over the past 20 years, changing the standard of living in those nations. Over the past few decades, these developing economies' ties to the world market have grown stronger. Increased economic participation due to higher living standards leads to more leisure and commercial activities. These developing nations' growing middle classes are to blame for the expansion of their aviation industries. More passenger aircraft are still in demand due to the expanding aviation industry, which raises the need for locally certified aviation maintenance technicians to maintain them. As a result, the global market for training is poised to grow due to the growing middle class in developing countries.
The global market is segmented by aircraft type, training type, technology, and component.
Based on aircraft type, the global market is bifurcated into fixed-wing, light jets, mid-size jets, heavy jets, and rotary wings.
The light jets segment is the highest contributor to the market and is expected to grow at a CAGR of 5.32% during the forecast period. These are entry-level jets that a solitary pilot can fly. These planes can hold up to eight passengers at a time, not including the pilot. These jets can take off with a maximum weight of less than 5,000 kg.
Wings are a feature of fixed-wing aircraft (rather than vertical lift rotors). Aileron, rudder, and elevator control surfaces built into the wings are used to maneuver these aircraft. Compared to rotary-wing aircraft, fixed-wing aircraft have advantages like long endurance, wide area coverage, and faster flight speeds.
Based on training type, the global market is bifurcated into airline crew training, pilot training, aircraft maintenance training, air traffic control training, and aviation sales and marketing training.
The pilot training segment owns the highest market share and is expected to grow at a CAGR of 5.1% during the forecast period. Pilot training entails receiving instruction from a certified instructor while following a curriculum approved by regulatory agencies like the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA). This training aims to assist the participant in developing and honing fundamental airmanship skills.
Due to the high responsibility and specialization required to uphold and comply with the comfort and safety standards approved by the regulatory bodies, airline crew training is paramount. The training aims to improve coordination and communication among the crew members while also assisting airline crew members in becoming more aware of safety-related issues and procedures.
Based on technology, the global market is bifurcated into simulated training and live training.
The simulated training segment is the highest contributor to the market and is expected to grow at a CAGR of 6.45% during the forecast period. Simulators supplement flight or maintenance training in the aviation industry in this market segment. The simulators are used to prepare pilots or technicians for challenging circumstances. The artificially simulated flight conditions help people learn to adapt and perform well in difficult circumstances.
Based on components, the global market is bifurcated into the engine, interior, airframe, and avionics.
The engine segment owns the highest market share and is expected to grow at a CAGR of 5.55% during the forecast period. An aircraft engine, also called an aero engine, is a crucial part of the craft and makes up its propulsion system. The power required for the aircraft to fly is provided by it.
By region, the global market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.
North America is the most significant shareholder in the global market and is expected to grow at a CAGR of 4.73% during the forecast period. The aerospace and defense industries have given the area a lot of support by donating aircraft to training facilities. In addition, the US's training institutions are researching the potential benefits of implementing cutting-edge technologies, particularly those in the areas of machine learning, artificial intelligence, simulation technology, and the internet of things (IoT), as well as investing in the design and development of advanced maintenance training systems and solutions to improve the decision-making skills of aviation maintenance technicians and significantly cut down on maintenance time. In addition, the established market participants for training, including CAE Inc., AAR, SR Technics, Honeywell International Inc., FlightSafety International, and Storm Aviation, are present in the area.
Europe is expected to grow at a CAGR of 5.12% during the forecast period. The aviation industry is anticipated to expand due to the increased demand for aircraft, which is expected to fuel the demand for training services. In 2016, there were over 4,500 aircraft in the fleets of airlines with bases in Europe. The fleet sizes of European airlines are anticipated to reach 8,000 aircraft by 2035. The area's training market has been expanding steadily. However, the European Training Committee (EAMTCestablishment) means that the sector's growth is anticipated to be strong over the upcoming years. In addition, the European Aviation Safety Agency (EASA) approved training organizations, associated original equipment manufacturers (OEMs), maintenance, repair, and overhaul (MRO) service providers, and training equipment and software suppliers make up the independent non-profit organization known as EAMTC. The EAMTC offers a variety of training courses through its member companies, including Aero-Bildung GmbH, Airbus Helicopters, Air Service Training (Engineering) Ltd., Boeing, Etihad Airways, Lufthansa Technical Training, and Turkish Technic Inc. This gives the region's maintenance training market the necessary boost.
In Asia-Pacific, demand for training in aircraft maintenance is rising quickly. The presence of emerging economies in the area is responsible for the growth. Over the past ten years, the region's nations have seen a sharp increase in air passenger traffic due to rising disposable income. The region's demand for training services is expected to increase due to the region's growing middle class and rising demand for aircraft. In addition, over 40% of the world's demand for new aircraft is anticipated to come from this region. China, India, and other regional emerging economies are expected to account for a sizable portion of that demand.
The Middle East and Africa training market is expected to expand slowly. On the one hand, there are Middle Eastern nations with robust economies and high disposable income levels, like Saudi Arabia and the UAE. The region's demand for aircraft and, in essence, aviation maintenance technicians has increased due to the region's growing air passenger traffic. Strong local airlines like Emirates, Qatar Airways, and Etihad Airways will likely spur the expansion of the region's training market.
The Latin American training market is expected to grow steadily. Aeroman (an MRO Holdings Company), CAE Inc., and Airbus are well-known companies in the region's aviation maintenance market. The increasing number of cooperation agreements between aviation technical training services and airline operators or maintenance, repair, and overhaul (MRO) providers also contributes to the market growth in the area. One of the area's top aviation technical training services suppliers is FL Technics, an EASA-approved maintenance training organization. In 2014, FL Technics and Aeroman, the leading provider of maintenance, repair, and overhaul services in the area, signed a cooperation agreement that included training over 200 specialists at Aeroman.
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|