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Pilot market will be worth 20 billion in 2029

The data of a sector analysis carried out by an American research centre

The global pilot training market is projected to reach 20.21 billion dollars by 2029. This is a Compounded Annual Growth Rate (CAGR) of +31.55% between 2022 and 2029. It emerges from the analysis contained in the report "Pilot Training Market, 2022-2029" by "Fortune Business Insights".

Pilot training was valued at 2.35 billion dollars in 2021 and rose to 2.96 billion dollars in 2022. However, the many pre-retirements made during the Covid period, the resulting shortage of staff at the controls, the launch of technologically advanced aircraft, and the growing adoption of virtual reality in flight management will fuel the growth of the industry.

The report is the result of an analysis of various flight schools around the globe: among these are the Canadian Aviation Electronics (CAE), the German Lufthansa Aviation Training, the US L3 Harris Technologies and Flight Safety International, the French Airbus Flight Academy and the Spanish Indra Sistemas.

Gic - 1249494

AVIONEWS - World Aeronautical Press Agency
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