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2021
Flight Inspection Market

Flight Inspection Market by Solution (Services and System), and End User (Commercial Airports and Defense Airports): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2021 | 1112 Views
   
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COVID-19

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Flight Inspection Market Outlook – 2027 

The global flight inspection market is experiencing a significant growth due to growing aircraft fleet. Flight inspection is the periodic evaluation of avionic systems such as navigational aids to ensure its safety & accuracy. Flight inspection measure the performance of communication, navigation, and surveillance infrastructure of an aircraft. Moreover, flight inspection reviews all flight procedures such as routes, approach, departure, and validation of electronic signals transmitted from ground navigation system to ensure reliability & sufficiency of in-air navigational support without any obstacles. Flight inspection is different than flight test, which analyzes the aerodynamic design and safety of aircraft physical structure.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period 

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Solution, End User, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Radiola Airspace, Saab Automobile AB, Norwegian Special Mission AG, Bombardier Inc., Textron Inc., Aerodata AG, NXT LLC, Cobham Flight Inspection Limited, Airfield Technology Inc., and Safran S.A.


COVID-19 scenario analysis: 

Travel bans imposed by nations all around the world to slow the spread of COVID-19 have impacted flight inspection industry, since flight inspection services relies heavily on commercial airlines for its revenue generation.

The demand for equipment and services necessary for flight inspection has also plummeted due to disruption in supply chain and transportation services.

Airlines will delay the procurement of new aircrafts, since the travel bans imposed by governments globally due to COVID-19 pandemic have gridlocked all the revenue sources for airlines.

Airlines are incurring noteworthy financial losses due to grounding of flights and reduced air traffic caused by travel restrictions imposed by authorities in the wake of COVID-19 pandemic.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Surge in global air traffic passenger, increase in demand for new airports, and rise in adoption of special flight inspection programs are the factors that drive the global flight inspection market. However, adapting to new procedure of flight inspection for latest aviation technologies such as satellite-based augmentation system (SBAS) & GPS calibration and stringent safety regulations hinder the market growth. On the contrary, investment in military airport infrastructure, technology driven flight-inspection, and automated flight control system present new pathways in the industry.

The global flight inspection market trends are as follows:

Surge in global air traffic passenger

Increasing air traffic passengers is followed by rigorous flight safety regulations to avoid aircraft accidents. Recently, in 2019, Airbus published global aircraft market forecast stating the need for approx. 39,000 new aircrafts in the next 20 years to meet the future air traffic demands which is growing 4.3 % annually. Increasing air passenger traffic will lead to more demand for commercial aircrafts in economies where aviation market is likely to grow in future. Such growth in aviation industry is expected to boost the global flight inspection market.

Demand for new airports

Governments have been developing new airports to meet the demand of growing air passenger traffic & aircraft fleet. Recently, in December 2019, Airport Authority of India (AAI) revealed its plans to develop country’s first three water aerodromes in Andaman & Nicobar (a union territory of India). Moreover, government of India is planning to invest 1.83 billion USD by 2026, in airport infrastructure & aviation services development in the country. Such investment in greenfield airport projects (new airport built from scratch on unused land) is expected boost the global flight inspection market.

Key segments covered:

Segments

Sub-segments

  Solution

  • Services
  • System

  End User

  • Commercial Airports
  • Defense Airports

 

Key benefits of the report:

  • This study presents the analytical depiction of the global flight inspection industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global flight inspection market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global flight inspection market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global flight inspection market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the flight inspection market research report:

  • Which are the leading market players active in the flight inspection market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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