The global pilot training market size is expected to reach USD 20.39 billion by 2032, according to a new study by Polaris Market Research. The report “Pilot Training Market Share, Size, Trends, Industry Analysis Report, By Aircraft Type (Airplane, Helicopter); By License Type; By Training Program; By Training Mode; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market growth is attributable to the increasing expansion activities by global players through collaborations and partnerships with a view to improving their share in the global market and grabbing students' attention towards the pilot training program. For instance, in November 2023, Western Michigan University entered a partnership with Allegiant Air, a travel company, to enable access to mentorship and conditional employment opportunities for its students. This partnership addresses the global pilot shortage along with the growing demand for air travel globally. As the companies step forward with strategic partnerships with increased placement opportunities, there will be a chance of gaining traction in the job market due to the rising unemployment rates at peak levels.
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Most of the airlines are starting pilot training institutes to tackle pilot shortages. In 2022, Alaska Airlines and Horizon Air are initiating the Ascend Pilot Academy in collaboration with the Hillsboro Aero Academy. This will help meet the rising demand for pilots among both airlines, as they are expecting to hire more than 2,000 pilots by 2025. The rise in retirements among pilots is driving the demand for pilot training programs. According to the Regional Airline Association, America will lose half of its pilots due to retirements in the coming 15 years. America Airlines is expecting an increase in the retirements of pilots by more than 5,000 to 15,000 in the next seven years. This trend will facilitate the requirement for pilot training programs throughout the forecast timeframe.
Pilot Training Market Report Highlights
Polaris Market Research has segmented the pilot training market report based on aircraft type, license type, training program, training mode, and region:
Pilot Training, Aircraft Type Outlook (Revenue - USD Billion, 2019 - 2032)
Pilot Training, License Type Outlook (Revenue - USD Billion, 2019 - 2032)
Pilot Training, Training Program Outlook (Revenue - USD Billion, 2019 - 2032)
Pilot Training, Training Mode Outlook (Revenue - USD Billion, 2019 - 2032)
Pilot Training, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market Size Value in 2024 |
USD 7.57 billion |
Revenue Forecast in 2032 |
USD 20.39 billion |
CAGR |
13.2% from 2024 – 2032 |
Base Year |
2023 |
Historical Data |
2019 – 2022 |
Forecast Period |
2024 – 2032 |
Quantitative Units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments Covered |
By Aircraft Type, By License Type, By Training Program, By Training Mode, By Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |