GlobalData reports CAE buys into military air simulation and training market, worth $6.207bn in 2030
Following today’s news (Wednesday 25 November) that Textron will sell TRU Simulation + Training Canada to CAE;
Harry Boneham, Associate Analyst at GlobalData, a leading data and analytics company, offers his view:
“The news that CAE is poised to purchase Textron’s TRU Simulation + Training Canada business is indicative of the relatively positive and stable outlook for the simulation and training sub-segment in comparison to other areas of the aerospace and defense industry. This deal would allow CAE to expand its share of this healthy and growing market, a rare commodity in the context of COVID-19.
“GlobalData forecasts that the military air simulation and training market will grow from $4.629bn in 2020 to $6.207bn in 2030. For CAE, growing its already sizeable share of this market is a positive development, and the timing of this deal allows CAE to position itself to capitalise on the recovery of the aerospace and defense industry post-COVID-19.
“According to GlobalData, CAE retains a 3.8% share of the global military air simulation and training market. In a crowded market, this share is impressive, only trailing firms such as Boeing and L3Harris Technologies.
“The TRU Simulation + Training Canada business is operated under Textron’s Textron System business. This business has proved more resilient to the impacts of COVID-19 in comparison to its Aviation and Bell operations.”