Aviation Maintenance Training Market Soars with 5.80% CAGR, Unveiling Opportunities and Ascending Heights.

Market Insights-

The global aviation maintenance training market is anticipated to register CAGR of 5.80% over the forecast period from 2021 to 2030. This growth of the market is due to rising need for conducting checks and repairing airplanes more often to ensure safety of air travelling. For ensuring the efficiency and performance of airplanes, it is crucial to have trained and professional maintenance technicians.

In addition, the key companies in the market have been more focused on usual training of staff through physical or virtual ways with the help of 3D simulation of aircraft models. This way, the maintenance teams get practice of doing the inspection and diagnosis of aircraft in a real-life-alike set-ups, making the team efficient in maintaining the aircraft and drive its demand in near future.

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Furthermore, the global aviation maintenance training market is likely to witness growth owing to rising safety concerns the adoption of safety checks and maintenance coupled with growing business travel across the globe.

However, the booming aviation industry is leading to create a void and shortage of aviation maintenance technicians due to lack of efficient maintenance technicians. This is a key factor restrain market growth over next few years. Moreover, the lack of skilled technicians created due to outdated curriculum coupled with long and exhausting training methods have negative impact on the industry. Furthermore, the age of trained maintenance personals is between 47 to 51 years; of the rest, are of 64 years, which can create technicians' shortage in coming years. Thus, outdated training curricular can impact on new quality of new recruits and lead to restrain the market growth over the forecast period. Thus, the companies are investing in the adoption of newer technologies to train people to reduce skill gap.

Regional Analysis-

By region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Of these, the market in North America held largest share of revenue and is likely to be dominant over the forecast period. This growth of the market is attributed to large donations and extended funding from key players in the aerospace and defense sectors to build and support training schools in the region. Additionally, these schools in the region are showing interest in adopting holistic technologies such as IoT, AI, machine learning, and simulation technologies. Along with these, the companies are providing funding for designing and improving advanced maintenance training systems and solutions, which may lead to upgrade process that technicians use while maintaining vehicles in shorter time.

Market Segmentation-

By Aircraft Type, the aviation maintenance training market is segmented into Light Jets, Fixed-Wing, Heavy Jets, Mid-Size Jets, and Rotary Wing.

By Training Type, the aviation maintenance training market is segmented into Pilot Training, Airline Crew Training, Air Traffic Control Training, Aircraft Maintenance Training, and Aviation Sales & Marketing Training.

By Technology, the aviation maintenance training market segmented into Live Training and Simulated Training.

By Component, the market is segmented into Interior, Engine, Avionics, Airframe, and Others.

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Key Companies in the Aviation Maintenance Training Market include -

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)

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Aviation Maintenance Training Industry Developments -

May 2021 -Flight Safety International Inc. launched a joint Upset Recovery Training Program with Flight Research Inc. (Mojave, California, US).

December 2020 -FL Technics acquired Wright International, a provider of line maintenance services in Canada. Wright International provides aircraft line maintenance services up to 'A' level checks, AOG support, and training for airlines at Canada's major international airports.

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