Flight Inspection Market Size was valued at USD 5.7 billion in 2023. The Flight Inspection market industry is projected to grow from USD 5.93 billion in 2024 to USD 8.1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.9%0% during the forecast period (2024 - 2032). The increase in air passenger traffic is the key market driver for the flight inspection market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Despite the high economic costs, each country must expand its defense and commercial aviation to promote better economic growth and international transportation activities. Thus, the deployment of advanced flight inspection systems like GBAS, ground-based systems, and other communication aids is something that each nation is both concerned about and looking forward to. Commercial aircraft also play a significant part in international transportation activities and contribute significantly to GDP, which is why every nation works to develop itself. The significant economic growth of developing countries is aiding the development of the aviation industry. Rising local and international traveler numbers are also expanding the market's potential for expansion. For instance, the International Air Transport Association (IATA) forecast that, primarily in China, 2.1 billion people will travel by 2036. As a result of the market's profitable potential being created by the expanding passenger count, airline services will expand to meet demand. Similarly, the Boeing commercial market forecast research predicts that in the next 20 years, Latin America will see an increase in the demand for fleet deliveries, or about 3,040 units. Because of the growing demand for expanded airline service from emerging countries, airports are forced to implement cutting-edge flight inspection technology to better manage operations. As a result, the worldwide flight Inspection market CAGR is expanding due to increased commercial aviation and passenger traffic.
Additionally, governments have started building additional airports to accommodate the need for increasing air passenger traffic and aircraft fleet. In December 2019, the Airport Authority of India (AAI) announced intentions to build the first three water airports in the nation in the Indian Union Territory of Andaman & Nicobar. Moreover, the Indian government intends to spend USD 1.83 billion by 2026 on developing the nation's airports and aviation services. The flight inspection industry is predicted to grow due to investment in greenfield airport projects (new airports constructed from the ground up on unused land). The research defines airport types as airports that offer passengers amenities for boarding and disembarking aircraft. To operate effectively in a certain area, these are also specifically created for air traffic control (ATC) objectives. It speaks of the categorization of airports according to their capacity. This is based on the types of aircraft and people transported, including terminals at international, regional, and military airports. Thus, driving the Flight Inspection market revenue.
The Flight Inspection market segmentation, based on application, includes commercial airports, defense airports. The defense airports category held the market. The increasing number of tactical forward airbases and defense airports brought on by the rise in spending on military infrastructure is expected to propel the defense airports sector to market dominance over the forecast period.
The Flight Inspection market segmentation, based on solution, includes systems, services. The system segment is anticipated to dominate the market and will expand at a faster CAGR during the forecast period. The main reasons driving the growth of the flight inspection market are the rising number of new airport construction programs and the rising expenditure by emerging nations on airport infrastructure.
Figure 1: Flight Inspection Market, by Solution, 2022 & 2032 (USD million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Flight Inspection market area will dominate this market. The growth of the flight inspection industry has been fueled recently by the expansion of aircraft passenger traffic in the area and the building and refurbishment of airports in Brazil and Mexico.
Further, the major countries studied in the market report are the U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: FLIGHT INSPECTION MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Asia Pacific, Flight Inspection Market, is expected to grow at the fastest CAGR from 2023 to 2032. The commercial and defense aircraft industries are expanding thanks to the efforts of nations like China, India, South Korea, Japan, and others. The primary factors propelling the growth of the flight inspection market are the expanding use of UAVs to conduct flight inspections and the decline in flight inspection costs. Moreover, the China Flight Inspection market held the largest market share, and the India Flight Inspection market was the fastest-growing market in the Asia-Pacific region.
The Europe Flight Inspection market accounts for the second-largest market share. The main factors fueling the expansion of the European flight inspection market are rising military demand for flight inspection and rising air traffic volume. Further, the UK Flight Inspection market held the largest market share, and the Germany Flight Inspection market was the fastest-growing market in the European region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Flight Inspection market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Flight Inspection industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Flight Inspection industry to benefit clients and increase the market sector. In recent years, the Flight Inspection industry has offered some of the most significant advantages to medicine. Major players in the Flight Inspection market attempting to increase market demand by investing in research and development operations 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) and ST Engineering (Singapore)
The right flight inspection and flight calibration operational aircraft for your mission are available from Textron Aviation. Modern en-route and terminal navigational aids have been installed in the flight inspection systems. If someone needs the payload capacity for substantial onboard test equipment, the extended range of border-to-border flight calibration, or a dual flight inspection and executive transportation configuration. Flight inspection organizations are operating the KING AIR turboprop family throughout the world. The BEECHCRAFT King Air 260 turboprop can take off and land on unimproved runways, allowing you to visit additional airports while retaining its well-known stable handling qualities. When you install any significant Flight Inspection equipment (FIS) equipment, your King Air 260 transforms into the exact tool, you require for repeated accuracy. The BEECHCRAFT 360ER aircraft is a preferred flight inspection aircraft ly due to its stability and range. Long flight calibration trips can be completed comfortably and accurately while still adhering to ICAO, FAA, and regional regulations. We can adapt the mission suite to your needs because it can support any significant FIS system. Fly the King Air 360 ER aircraft with assurance.
The platforms from Bombardier are the appropriate aircraft to guarantee the precision of approaches and procedures as governments modernize and upgrade their infrastructure for safe and effective air transport. The world's leading flight departments favor our aircraft due to their agility, runway performance, and handling qualities. Additionally, crew tiredness during validation flights can be minimized using Bombardier's renowned smooth ride technology. As a result of their dispatch dependability and extended maintenance intervals, aircraft are regarded as reliable assets. Depending on the kinds of operations that need to be tested and the runway performance needed, the Challenger and platforms each provide specific advantages. The cockpit of the Challenger 650 aircraft is the best in its class and includes innovations like the Synthetic Vision System (SVS) and MultiScan weather radar.
Key Companies in the Flight Inspectionmarket include
December 2019: The aviation authority of India (AAI) announced intentions to build the nation's first three water aerodromes in the Indian Union region of Andaman & Nicobar.
October 2020: By establishing a new customer service center in Melbourne, Australia, Bombardier Inc. increased its presence in the APAC region.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 5.7 billion |
| Market Size 2024 | USD 5.93 billion |
| Market Size 2032 | USD 8.1 billion |
| Compound Annual Growth Rate (CAGR) | 3.90% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, solution and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Textron, Inc. (US), Bombardier, Â Â Inc. (Canada), Norwegian Special Mission AS (Norway), AERODATA AG (Germany), Airfield Technology, Inc. (US), Saab AB (Sweden), Safran (France), Â Cobham plc (UK), Radiola Limited (New Zealand), ENAV S.p.A. (Italy), MISTRAS Group, Inc. (US) and ST Engineering (Singapore). Â |
| Key Market Opportunities | ·        Increase in air passenger traffic. |
| Key Market Dynamics | ·        Developments of new airports. |
Flight Inspection Market Highlights:
Frequently Asked Questions (FAQ) :
The Flight Inspection market size was valued at USD 5.7 billion in 2023.
The market is projected to grow at a CAGR of 3.90% during the forecast period, 2024-2032.
North America had the largest share of the global market.
The key players in the market 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) and ST Engineering (Singapore).
The Commercial category dominated the market in 2023.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
