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Global Aviation Maintenance Training Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.The global aviation maintenance training market is expected to exhibit a CAGR of more than 7% over the forecast period from 2018 to 2023, according to the latest research report released by Market Research Future (MRFR). The global aviation maintenance training market is expected to exhibit steady growth on the back of the growing demand for effective aviation maintenance keeping in mind the long-term requirements of the aircraft.
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The global aviation maintenance training market has grown steadily over the last few years as a result of the growing aviation industry and the growing demand for meeting effective maintenance requirements. The increasing legislation of safety regulations intended to ensure high standards of safety and performance in aircraft at all times is also likely to be a major driver for the global aviation maintenance training market over the forecast period. Safety requirements for the aviation sector have become increasingly stringent over the years thanks to the growing fears about airline accidents and crashes. This has driven rapid growth in the global aviation maintenance training market and is likely to remain the key driver for the market over the forecast period.
The growing technological development in the field of virtual and augmented reality (VR/AR) is likely to boost the global aviation maintenance training market over the forecast period. The use of VR allows for incredibly precise scenarios to be played out during training, so that candidates can get a quasi-first-hand feel for the machines they are supposed to fix in real life. The increasing level of sophistication in VR has led to a growing demand from the aviation maintenance training market. The growing demand for VR in other technological fields is likely to drive consistent growth in VR technology development over the forecast period, aiding the market’s growth prospects with respect to its demand from the aviation maintenance training market.
Leading Players:
Leading players in the global aviation maintenance training market include -
• Global Jet Services
• Storm Aviation
• FL Technics
• FlightPath International
• FlightSafety International Inc.
• Lufthansa Technical Training GmbH
• Honeywell International Inc.
• SR Technics
• AAR
• CAE
Industry Updates:
In May 2019, a new aviation maintenance training program was announced in Kentucky, U.S., called the Appalachia Aviation Maintenance Training Project. A number of schools in the state are expected to participate in the programs.
Segmentation:
The global aviation maintenance training market is segmented on the basis of aircraft type, technology, aircraft component, and region.
By aircraft type, the global aviation maintenance training market is segmented into fixed wing and rotary wing aircraft.
By technology, the market is segmented into simulated training and live training.
By aircraft component, the global aviation maintenance training market is segmented into engine, interiors, airframe, avionics, and others.
Regional Analysis:
North America is likely to dominate the global aviation maintenance training market over the forecast period due to the predominant presence of the aviation sector in the region’s leading markets, including the U.S. and Canada. Many leading companies in the aviation sector are situated in the U.S., while many of the leading technology innovators in the aviation MRO sector are also situated in the region. The development of virtual reality technology has also been rapid in North America due to the growing number of investors and the easy commercial applicability of VR technology in numerous end-use applications. This is likely to drive the North America aviation maintenance training market over the forecast period. The U.S. is likely to remain the global leader in the global aviation maintenance training market over the forecast period due to the growing demand for aircraft in the country and the growing presence of leading players in the aircraft MRO sector.
Asia Pacific is likely to exhibit rapid growth in the aviation maintenance training market over the forecast period due to the rapid growth of the aviation sector in countries such as China, India, South Korea, Australia, Indonesia, Malaysia, and the Philippines in recent years.
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Scope of Report
The report for Global Aviation Maintenance Training Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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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List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued.......
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/aviation-maintenance-training-market-5907
Release ID: 516383
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