DUBLIN--(BUSINESS WIRE)--The "Global Military trainer Aircraft Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The military trainer aircraft market is anticipated to register a CAGR of 5.3% over the forecast period, 2018-2023.
The military spending of developing countries has grown significantly in the past ten years. Since the call back of American forces from the Middle East region, US defence budget had a small decrease. US defence budget spending in 2012-2013 was recorded at USD 700 billion. The spending in 2015 fell to USD 596 billion, a decline of 14.86%, in over three years, while it did recover in 2017 under the Trump administration, to over USD 620 billion.
The developing countries with growing military size have increased their defence spending significantly. China registered a 132% increase in defence spending, second to UAE at 136%. Germany, Brazil, Australia and Israel have also increased their military spending significantly.
The development of military trainer aircraft is a long and challenging process just like the development of an actual fighter aircraft. The investment regarding time and money has been a market deterrent for military trainer aircraft. This restraint has forced OEMs to develop trainer aircraft from old existing trainer aircraft structure by upgrading them with new technologies and refurbishing airframe.
Replacing of older aircrafts with newer aircrafts equipped with advanced technologies allows the pilots to adjust quickly to the new aircraft model. The only training that trainer aircraft provides is regarding pilot's endurance to speed, cognitive and memory-knowledge of controls, avionics and adjust to the maneuverability of aircraft. An experienced pilot can learn the same and perform well with the new aircraft in short time.
- IRKUT Corporaton
- Hindustan Aeronautics Limited
- Diamond Aircraft Industries
- Boeingm Bombardier
- Raytheon Aircraft Company
Key Topics Covered:
2. Executive Summary
3. Market Overview and Trends
4. Market Dynamics
5. Global Military Trainer Aircraft Market, Segmented by Type
6. Global Military Trainer Aircraft Market, Segmented by Geography
7. Competitive Landscape
8. Company Profiles
9. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/65c3zc/global_military?w=4