Flight Inspection Market Research Report - Global Forecast till 2030

Global Flight Inspection Market Research Report: Information by Application (Commercial Airports and Defense Airports), Solution (Services and Systems) and Region (North America, Europe, Asia-Pacific, Middle East and the Rest of the World) - Forecast till 2030

ID: MRFR/A&D/8667-HCR | February 2023 | Region: Global | 168 Pages         

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Flight Inspection Market

Flight Inspection Market is projected to reach USD 6,590 Million by 2030 at a CAGR of 4.28%.

Segmentation
By Application Commercial Airports Defense Airports
By Solution Services Systems
Key Players
Companies Profiled   Textron    Inc. (US)    Bombardier    Inc. (Canada)    Norwegian Special Mission AS (Norway)    AERODATA AG (Germany)    Airfield Technology    Inc. (US)    Saab AB (Sweden)    Safran (France)    Cobham plc (UK)    Radiola Limited (New Zealand)    ENAV S.p.A. (Italy)    MISTRAS Group    Inc. (US) and ST Engineering (Singapore)
Drivers
Market Driving Forces   The Rise in Air Passenger Traffic    The Increasing Demand for the Development of New Airports    The Increase in Demand from Emerging Economies
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Flight Inspection Market Research Report — Forecast till 2027


Market overview:


Flight Inspection Market is projected to reach USD 6,590 Million by 2030 at a CAGR of 4.28%.

Flight inspection solutions are gaining momentum in recent years, due to emerging airlines across developed countries. The growing demand across commercial airports and military airports is bolstering the overall growth of the industry. The development across the airline's systems such as instrument landing systems and very high-frequency omnidirectional range have mandated the flight inspection systems as they verify the accuracy of these systems. 


The commercial airports were showcasing higher demand for flight inspection systems due to the increasing demand and growing population who choose flights for their commute. The potential features of flight inspection such as performance of communication, navigation, surveillance infrastructure and their periodic review of all the procedures such as routes, approaches, validation of the electronic signals transmitted from the ground navigation systems, and the departure details are considered as the major drivers of market growth. The demand for reliability and navigational support without any obstacles is higher in busy airports across developed countries. Such factors are expected to fuel the overall growth of the industry during the forecast period.


COVID 19 Analysis:


The flight inspection market growth during the pandemic had seen a mixed impact because of the growing demand on one hand and the reduction of purchase of new aircraft, new flight inspection systems, and other investments related to the expansion have negatively impacted the market growth. Moreover, several airlines were shut down and they were facing significant losses as well. Due to the government regulations during the pandemic, the number of airlines and aircraft was significantly reduced and they were not operating freely as well. Such factors were hindering the overall growth of the flight inspection industry during the pandemic.


Market dynamics:


Market drivers:


The flight inspection systems were gaining momentum due to the potential features such as easier navigation of routes, approach, and departure. They are also known for validating the electronic signals that are transmitted from the ground navigation systems. Therefore they enhance the flight operations without any obstacles and they also help in productivity. These factors are considered as the major drivers of market growth.


The growing air passenger traffic in the airline industry and the growing number of defense airports and the tactical forward airbases across the globe are considered as the major drivers of flight inspection market growth.


Market opportunities:


The increasing number of private and public companies and their increasing investments and their inclination towards strengthening their commercial air fleets are presenting lucrative opportunities to flight inspection market growth during the forecast period.


The government and other leading organizations are bringing in standards and guidelines for the airport terminals that are stirring up the demand for the flight inspection systems and the demand for effective operation with minimal time consumption and process efficiency are expected to bolster the overall growth of industry during the forecast period. On the other hand, the existing airports are getting modernized and several countries are announcing their investment in the industry to develop the airport infrastructure and aviation services. Such factors are providing a favorable environment for the overall growth of the flight inspection industry during the forecast period.


Market Restraints:


The issues related to the technicality and the stringent regulations imposed to carry out the flight inspection services and operate the systems are considered as the major restraints of market growth.


Adapting to the new procedures for the calibration and GPS navigational procedures and significant others is considered as the major challenge for the overall growth of the industry. Moreover, the vertical guidance satellite-based augmentation system is considered as the key restraint of flight inspection market growth.


Market Challenges:


The increasing number of restrictions imposed on transportation and the services in the market is considered as the major challenge for the overall growth of the flight inspection industry.


The economic distress that happened due to COVID 19 and the decreasing number of airports and their services were considered as the major challenge for the overall growth of the flight inspection industry.


Cumulative Growth Analysis:


The market value of the industry was at USD 4281.99 million in the year 2019 and it is expected to surpass the market value of over USD 8060.80 million by the year 2027 while registering a CAGR of 8.22% during the forecast period. The flight inspection market growth is expected to grow during the forecast period, as the government and the private companies are increasing their investment in the industry and the government is increasing their guidelines regarding the safety of the personnel and public. The demand for improved flight operations even in lower visibility conditions and the safety standards imposed by the government are propelling the overall growth of the industry. On the other hand, the growing air traffic frequency and the key market players are expanding the existing airport infrastructure are spurring the ground-based navigational systems and thereby presenting lucrative opportunities for the overall growth of the flight inspection industry. 


Some of the advanced systems in the industry for varied inspections are considered as the major drivers of flight inspection market growth. For instance, the systems like precision approach path indicator systems, instrument landing systems, very high-frequency systems, omnidirectional range, and distance measuring equipment systems are major drivers of market growth. For the safer landing of the aircraft, the precision approach path indicator systems are deployed, as they are easier for installation and guide the aviators to keep up the right angle while landing. Moreover, potential features such as the utilization of solar panels for alternative power storage, endurance, reliability are further propelling the overall growth of the flight inspection industry.


Value Chain Analysis:


The flight inspection market growth is highly influenced by the presence of regulations and guidelines set up by the government and other organizations. Additionally, the potential benefits of the flight inspection systems such as improved process efficiency and reduced operational time, cost-effectiveness are considered as the major drivers of market growth. For instance, one of the leading report organizations named as Federal Aviation Administration had reported that the air traffic control tower was managing over 500,000 flights in the year 2018 and the number of flights is expected to grow over 745,000 within 15 years. Such reports are presenting lucrative opportunities for the overall growth of the flight inspection industry during the forecast period.


The flight inspection solutions are designed and manufactured according to the standards imposed on the industry. Moreover, the demand for higher quality and cost-effectiveness combined with the characteristics such as integrity and safer radio navigation, radar navigation are propelling the overall growth of the industry. The demand for flight inspection systems is increasing due to the growing requirement of authenticating the performance-based navigation systems, testing, and verification of navigational aids. Moreover, they are necessary to offer enhanced safety and timely service while reducing the disturbance as well. 


Segment Overview:


Based on a solution:



  • Commissioning

  • Routine

  • Based on the system:

  • Precision approach path indicator

  • Instrument landing system

  • Very high frequency

  • Omni-directional range

  • Distance measuring equipment


Based on end-user:



  • Commercial airports

  • Defense airports


Based On System Type:



  • Fixed

  • Mobile 

  • Ground-based


Regional Analysis:


Currently, North America is dominating the flight inspection industry because of the presence of prominent companies like Textron Inc and Airfield Inc. The growing aircraft passenger traffic across the region and the development and modernization of the Brazilian and Mexican airports were also propelling the flight inspection market growth in recent times. On the other hand, Europe is also witnessing a decent growth rate in recent times due to the presence of leading market players like Aerodata AG and Saab AB.


Competitive Landscape:



  • Textron, Inc. (US)

  • Bombardier, Inc. (Canada)

  • Norwegian Special Mission AS (Norway)

  • AERODATA AG (Germany)

  • Airfield Technology, Inc. (US)

  • Saab AB (Sweden)

  • Safran (France)

  • Cobham plc (UK)

  • Radiola Limited (New Zealand)

  • ENAV S.p.A. (Italy)

  • MISTRAS Group, Inc. (US)

  • ST Engineering (Singapore)


Recent Developments:


In the year 2019, one of the leading organizations associated with the growth of the industry, FAA had announced their investment of over USD 620 million for the development of airport infrastructure and airport improvement program. The program contains a project that covers over 226 airports and 408 infrastructure development programs.


In the year 2020, two leading market players, Korean aerospace industries and Safran group SA had agreed and signed a memorandum of understanding which were related to the expansion of their collaborations, this agreement had paved the way for the development across military, commercial, and space exploration activities.


Report Overview:


This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 6,590 Million
  CAGR   4.28% (2020-2030)
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application and Solution
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Textron, Inc. (US), Bombardier, Inc. (Canada), Norwegian Special Mission AS (Norway), AERODATA AG (Germany), Airfield Technology, Inc. (US), Saab AB (Sweden), Safran (France), Cobham plc (UK), Radiola Limited (New Zealand), ENAV S.p.A. (Italy), MISTRAS Group, Inc. (US) and ST Engineering (Singapore)
  Key Market Opportunities   The increasing development of new airports and modernization of existing airports is expected to drive the growth of the market.
  Key Market Drivers

  • The Rise in Air Passenger Traffic
  • The Increasing Demand for the Development of New Airports
  • The Increase in Demand from Emerging Economies


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    Frequently Asked Questions (FAQ) :

    The market can reach USD 6,590 Million by 2030.

    The market can advance at a rate of 4.28% in the following years.

    Flight inspection solutions are cost-effective, high-quality solutions that ensure the productivity of the aircraft system, as well as the safety of the radio navigation aid and offers radar aid to the customers.

    The market can advance in the near future on account of the rising modification of the existing airports, construction of new airports along with the surge in flight calibration and inspection operations.

    The market leaders are Textron, Inc. (US), Bombardier, Inc. (Canada), Norwegian Special Mission AS (Norway), AERODATA AG (Germany), Airfield Technology, Inc. (US), Saab AB (Sweden), Safran (France), Cobham plc (UK), Radiola Limited (New Zealand), ENAV S.p.A. (Italy), MISTRAS Group Inc. (US), ST Engineering (Singapore) and more.