Aviation Maintenance Training Market to Rise at ~7% CAGR Through 2023 | Global Industry Overview By Leading Players- CAE, SR Technics, Honeywell, Lufthansa, FlightSafety International, FlightPath, FL Technics and Global Jet Services
The key players in aviation maintenance training market are CAE(Canada), AAR (U.S.), SR Technics (Switzerland), Honeywell International Inc. (U.S.), Lufthansa Technical Training GmbH (Germany), FlightSafety International Inc. (U.S.), FlightPath International (Canada), FL Technics (Lithuania), Storm Aviation (England), and Global Jet Services(U.S.).
The aviation maintenance training market is expected to grow over the CAGR of around 7% during the period 2018 to 2023.
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In the long run, all mechanical equipment or parts used in an aircraft will fail due to wear and tear. Due to this reason, the maintenance of aircraft is mandatory. The whole purpose of maintenance is not only to restrict to identifying and repairing the components but also to cope-up with maintenance training in the most effective and optimized way.
Over the years, a variety of technologies has evolved in the aviation maintenance training. Technologies such as Aircraft Communications Addressing and Reporting System (ACARS), Aircraft Health Monitoring System (AHMS), and Automated Flight Information Reporting System (AFIRS) are the latest maintenance training systems. Of late, major aircraft MROs and OEMs have made a high investment on big data related to Predictive Maintenance (PM) and aircraft health monitoring systems. Such technologies would aid in the cutting down of aircraft maintenance costs and ensure efficiency in flight operations.
In the aviation maintenance training market, the companies mainly focus on organic growth strategies, such as product innovations and business expansions, to grow and sustain in the market. For example, the company FlightSafety International Inc. along with Gulfstream recently added a complete virtual aircraft tour to its technical training program, which provides maintenance technicians with the ability to view the entire aircraft in the classroom and within the training materials provided on an iPad.
The global market for aviation maintenance training is characterized by the presence of some global players. Over the years, these companies have strengthened their global presence through acquisitions of the regional and local players. In the recent years, the growing initiatives for aircraft safety and maintenance have urged a large demand to provide maintenance training to the engineers and technicians. This has resulted in a high competition in the market. Therefore, it becomes crucial for the market players to provide cost-efficient and high-quality aircraft maintenance training.
North America is the leading region in the aviation maintenance training market due to the existence of major firms, such as Honeywell International Inc., CAE, and AAR, in this region. The availability of sophisticated technologies to provide training for aircraft maintenance adds to the growth of the region. Moreover, there is a high demand for aircraft in the U.S. and Canada, which would create an opportunity for the regional companies.
April 2018: BAE Systems had started a set up for MRO and vocational training center in Malaysia
October 2016: FlightSafety International Inc., along with Gulfstream Aerospace Corporation, added a complete virtual aircraft tour to its technical training program. This enables the technicians and engineers to view an entire aircraft in the classroom.
March 2016: Global Jet Services, Inc. selected by Gulfstream Aerospace Corporation to provide European Aviation Safety Agency (EASA)-certified maintenance training for its GII, GIII, GIV, and GV aircraft.
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Scope of the Report
This study provides an overview of the global aviation maintenance training market, tracking five market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC), the Middle East and Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global aviation maintenance training market by its aircraft type, technology, aircraft component, and by regions.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List Of Tables
Table 1 Global Aviation Maintenance Training Market: By Region, 2018-2023
Table 2 North America Aviation Maintenance Training Market: By Country, 2018-2023
Table 3 Europe Aviation Maintenance Training Market: By Country, 2018-2023
Table 4 Asia Pacific Aviation Maintenance Training Market: By Country, 2018-2023
Table 5 Row Aviation Maintenance Training Market: By Country, 2018-2023
Table 6 Global Aviation Maintenance Training Market, By Aircraft Type, By Regions, 2018-2023
Table 7 North America Aviation Maintenance Training Market, By Aircraft Type, By Country, 2018-2023
Table 8 Europe Aviation Maintenance Training Market, By Aircraft Type, By Country, 2018-2023
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