Flight Inspection Market
Flight Inspection Market Forecasts to 2030 - Global Analysis By Solution (Services, Systems and Other Solutions), End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $5.8BN |
|
Projected Year Value (2030) |
US $8.9BN |
|
CAGR (2023 - 2030) |
6.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Flight Inspection Market is accounted for $5.8 billion in 2023 and is expected to reach $8.9 billion by 2030 growing at a CAGR of 6.2% during the forecast period. An aircraft's internal systems are rigorously and thoroughly examined during a flight inspection (FI). The purpose of this examination is to confirm that the aircraft is both standard-compliant and safe in all respects. It is required for all types of aircraft, including commercial, passenger, and military aircraft, and is typically performed on a regular basis. Experts and members who have undergone training perform these inspections using a variety of standards, processes, techniques, and equipment.
According to FAA, the airliners are serving around 2.5 million airline passengers in over 43,000 air travels per day.
Market Dynamics:
Driver:
Improved flights system
To support improved economic growth and global transportation activities, each nation must develop its military and commercial aviation sectors. Every country strives to develop itself, and commercial airplanes considerably contribute to and play a vital role in international transportation activities. The expansion of the aviation industry is being aided by the enormous economic growth of developing nations. The market's potential for growth is also increasing as local and international traveller numbers rise. As a result, the market is expanding due to increased commercial aviation and passenger traffic.
Restraint:
Lack of skilled workforce
Flight inspection necessitates particular skills and knowledge in order to effectively operate and understand data collected during inspections. The market's potential for expansion may be constrained by a lack of qualified individuals in this industry. Additionally, these activities encounter technical difficulties like adverse weather, restricted access to some locations, and the requirement for ongoing system upgrades to keep up with technological development. It will take substantial expenditures and ongoing innovation to overcome these obstacles.
Opportunity:
Technological advancements
Adoption of modern technology in flight inspection systems is a prominent industry development. Integration of sensors, data analytics, and automation tools enables more precise and effective flight inspection processes, enhancing operational performance and safety. Comprehensive flight inspection services are needed for new airport builds and upgrades to assure regulatory compliance and the seamless integration of cutting-edge navigational systems. Moreover, the development of the flight inspection market is being aided by the construction and modernization of airport infrastructure, particularly in developing nations.
Threat:
High capital investment
The high initial cost of purchasing flight inspection equipment and aircraft can operate as a barrier to market entry. Additionally, the considerable maintenance and operation expenses of flight inspection systems provide a problem for the market's smaller participants. The service providers also face a problem in adjusting to new procedures for the certification and calibration of GPS-enabled navigational procedures and in approach procedures for vertical guidance satellite-based augmentation systems.
Covid-19 Impact:
Almost all nations are experiencing slower economic growth as a result of the COVID-19 epidemic. It has a negative impact on foreign travel, which hurts the market for commercial airplanes. The aerospace industry is being affected by the restrictions on travel and foreign traffic, but the impact on the market growth of military aircraft is quite minimal. The pandemic scenario is having a mixed effect on the market, as seen by the stable or rising demand for flight inspection services due to the idle aircraft fleet. The need for flight inspection systems and services may decline with a decrease in the number of aircraft and airlines, which would constrain the expansion of the market.
The services segment is expected to be the largest during the forecast period
The services segment is expected to be the largest during the forecast period owing to installation of new navigational aids in the airport runways. Airliner focus on installing newly developed inspection systems for improved aircraft guiding during take-off and landing. Government agencies are putting in place a number of processes to encourage the replacement of outdated inspection systems for improved airline safety. Over the study horizon, increasing service demand for evaluating updated systems will create significant development potential.
The commercial airports segment is expected to have the highest CAGR during the forecast period
The commercial airports segment is expected to have the highest CAGR during the forecast period. The need for inspections to ensure passenger safety is increasing due to an increase in aircraft frequency. Industry participants work on innovative ways to increase system resilience. The system makes it possible to validate and examine landing navigation aids. The necessity for flight inspection to ensure the overall safety of the flight is growing as a result of the increased mobility of both domestic and international passengers.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. The region has a thriving aviation industry, with numerous commercial airports, defence airports, and air navigation service providers. Its dominance in the industry is further bolstered by the existence of important service providers and technological breakthroughs in the area. Its dominant position in the market is a result of a strong focus on aviation safety, strict regulatory requirements, and ongoing investments in improving airport infrastructure.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. Due to the region's economic growth, rising disposable incomes, and expanding middle class, aviation traffic is increasing significantly. Airports are expanding and modernizing as a result of rapid urbanization and infrastructure development. In order to maintain the region's aviation infrastructure's safety and effectiveness, there is a growing need for flight inspection services.
Key players in the market
Some of the key players in Flight Inspection market include Cobham plc, Aerodata AG, Textron, Inc., Airfield Technology, Safran , Bombardier, Inc., Radiola Limited, Norwegian Special Mission AS, MISTRAS Group, Saab AB, ENAV S.p.A., ST Engineering, Honeywell International Inc, ENSCO Avionics and Danish Aviation Systems.
Key Developments:
In May 2023, Bombardier and GD collaborated to offer CMMA solution. They aim to provide Canada with a multi-mission aircraft that combines Bombardier‘s renowned Global 6500 aircraft with General Dynamics’ advanced mission system technology and sensors.
In May 2023, Honeywell and Jekta has partnered on electric seaplane. The two companies have signed a MoU to explore which of Honeywell’s systems can be used in the Passenger Hydro Aircraft Zero Emission 100 (PHA-ZE 100) seaplane, which Jekta bills as the world’s first electrically-powered amphibious aircraft.
In February 2022, ST Engineering, Sumitomo Corporation and Skyports announced the formation of a consortium to provide Unmanned Aircraft (UA) services for shore-to-ship parcel delivery in Singapore.
Solutions Covered:
• Services
• Systems
• Other Solutions
End Users Covered:
• Commercial Airport
• Defense Airport
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Flight Inspection Market, By Solution
5.1 Introduction
5.2 Services
5.2.1 Routine Services
5.2.2 Commissioning Services
5.2.3 Special Services
5.3 Systems
5.3.1 Fixed Systems
5.3.2 Mobile Systems
5.3.3 Ground-based Systems
5.4 Other Solutions
6 Global Flight Inspection Market, By End User
6.1 Introduction
6.2 Commercial Airport
6.3 Defense Airport
6.4 Other End Users
7 Global Flight Inspection Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Cobham plc
9.2 Aerodata AG
9.3 Textron, Inc.
9.4 Airfield Technology
9.5 Safran
9.6 Bombardier, Inc.
9.7 Radiola Limited
9.8 Norwegian Special Mission AS
9.9 MISTRAS Group
9.10 Saab AB
9.11 ENAV S.p.A.
9.12 ST Engineering
9.13 Honeywell International Inc
9.14 ENSCO Avionics
9.15 Danish Aviation Systems
List of Tables
1 Global Flight Inspection Market Outlook, By Region (2021-2030) ($MN)
2 Global Flight Inspection Market Outlook, By Solution (2021-2030) ($MN)
3 Global Flight Inspection Market Outlook, By Services (2021-2030) ($MN)
4 Global Flight Inspection Market Outlook, By Routine Services (2021-2030) ($MN)
5 Global Flight Inspection Market Outlook, By Commissioning Services (2021-2030) ($MN)
6 Global Flight Inspection Market Outlook, By Special Services (2021-2030) ($MN)
7 Global Flight Inspection Market Outlook, By Systems (2021-2030) ($MN)
8 Global Flight Inspection Market Outlook, By Fixed Systems (2021-2030) ($MN)
9 Global Flight Inspection Market Outlook, By Mobile Systems (2021-2030) ($MN)
10 Global Flight Inspection Market Outlook, By Ground-based Systems (2021-2030) ($MN)
11 Global Flight Inspection Market Outlook, By Other Solutions (2021-2030) ($MN)
12 Global Flight Inspection Market Outlook, By End User (2021-2030) ($MN)
13 Global Flight Inspection Market Outlook, By Commercial Airport (2021-2030) ($MN)
14 Global Flight Inspection Market Outlook, By Defense Airport (2021-2030) ($MN)
15 Global Flight Inspection Market Outlook, By Other End Users (2021-2030) ($MN)
16 North America Flight Inspection Market Outlook, By Country (2021-2030) ($MN)
17 North America Flight Inspection Market Outlook, By Solution (2021-2030) ($MN)
18 North America Flight Inspection Market Outlook, By Services (2021-2030) ($MN)
19 North America Flight Inspection Market Outlook, By Routine Services (2021-2030) ($MN)
20 North America Flight Inspection Market Outlook, By Commissioning Services (2021-2030) ($MN)
21 North America Flight Inspection Market Outlook, By Special Services (2021-2030) ($MN)
22 North America Flight Inspection Market Outlook, By Systems (2021-2030) ($MN)
23 North America Flight Inspection Market Outlook, By Fixed Systems (2021-2030) ($MN)
24 North America Flight Inspection Market Outlook, By Mobile Systems (2021-2030) ($MN)
25 North America Flight Inspection Market Outlook, By Ground-based Systems (2021-2030) ($MN)
26 North America Flight Inspection Market Outlook, By Other Solutions (2021-2030) ($MN)
27 North America Flight Inspection Market Outlook, By End User (2021-2030) ($MN)
28 North America Flight Inspection Market Outlook, By Commercial Airport (2021-2030) ($MN)
29 North America Flight Inspection Market Outlook, By Defense Airport (2021-2030) ($MN)
30 North America Flight Inspection Market Outlook, By Other End Users (2021-2030) ($MN)
31 Europe Flight Inspection Market Outlook, By Country (2021-2030) ($MN)
32 Europe Flight Inspection Market Outlook, By Solution (2021-2030) ($MN)
33 Europe Flight Inspection Market Outlook, By Services (2021-2030) ($MN)
34 Europe Flight Inspection Market Outlook, By Routine Services (2021-2030) ($MN)
35 Europe Flight Inspection Market Outlook, By Commissioning Services (2021-2030) ($MN)
36 Europe Flight Inspection Market Outlook, By Special Services (2021-2030) ($MN)
37 Europe Flight Inspection Market Outlook, By Systems (2021-2030) ($MN)
38 Europe Flight Inspection Market Outlook, By Fixed Systems (2021-2030) ($MN)
39 Europe Flight Inspection Market Outlook, By Mobile Systems (2021-2030) ($MN)
40 Europe Flight Inspection Market Outlook, By Ground-based Systems (2021-2030) ($MN)
41 Europe Flight Inspection Market Outlook, By Other Solutions (2021-2030) ($MN)
42 Europe Flight Inspection Market Outlook, By End User (2021-2030) ($MN)
43 Europe Flight Inspection Market Outlook, By Commercial Airport (2021-2030) ($MN)
44 Europe Flight Inspection Market Outlook, By Defense Airport (2021-2030) ($MN)
45 Europe Flight Inspection Market Outlook, By Other End Users (2021-2030) ($MN)
46 Asia Pacific Flight Inspection Market Outlook, By Country (2021-2030) ($MN)
47 Asia Pacific Flight Inspection Market Outlook, By Solution (2021-2030) ($MN)
48 Asia Pacific Flight Inspection Market Outlook, By Services (2021-2030) ($MN)
49 Asia Pacific Flight Inspection Market Outlook, By Routine Services (2021-2030) ($MN)
50 Asia Pacific Flight Inspection Market Outlook, By Commissioning Services (2021-2030) ($MN)
51 Asia Pacific Flight Inspection Market Outlook, By Special Services (2021-2030) ($MN)
52 Asia Pacific Flight Inspection Market Outlook, By Systems (2021-2030) ($MN)
53 Asia Pacific Flight Inspection Market Outlook, By Fixed Systems (2021-2030) ($MN)
54 Asia Pacific Flight Inspection Market Outlook, By Mobile Systems (2021-2030) ($MN)
55 Asia Pacific Flight Inspection Market Outlook, By Ground-based Systems (2021-2030) ($MN)
56 Asia Pacific Flight Inspection Market Outlook, By Other Solutions (2021-2030) ($MN)
57 Asia Pacific Flight Inspection Market Outlook, By End User (2021-2030) ($MN)
58 Asia Pacific Flight Inspection Market Outlook, By Commercial Airport (2021-2030) ($MN)
59 Asia Pacific Flight Inspection Market Outlook, By Defense Airport (2021-2030) ($MN)
60 Asia Pacific Flight Inspection Market Outlook, By Other End Users (2021-2030) ($MN)
61 South America Flight Inspection Market Outlook, By Country (2021-2030) ($MN)
62 South America Flight Inspection Market Outlook, By Solution (2021-2030) ($MN)
63 South America Flight Inspection Market Outlook, By Services (2021-2030) ($MN)
64 South America Flight Inspection Market Outlook, By Routine Services (2021-2030) ($MN)
65 South America Flight Inspection Market Outlook, By Commissioning Services (2021-2030) ($MN)
66 South America Flight Inspection Market Outlook, By Special Services (2021-2030) ($MN)
67 South America Flight Inspection Market Outlook, By Systems (2021-2030) ($MN)
68 South America Flight Inspection Market Outlook, By Fixed Systems (2021-2030) ($MN)
69 South America Flight Inspection Market Outlook, By Mobile Systems (2021-2030) ($MN)
70 South America Flight Inspection Market Outlook, By Ground-based Systems (2021-2030) ($MN)
71 South America Flight Inspection Market Outlook, By Other Solutions (2021-2030) ($MN)
72 South America Flight Inspection Market Outlook, By End User (2021-2030) ($MN)
73 South America Flight Inspection Market Outlook, By Commercial Airport (2021-2030) ($MN)
74 South America Flight Inspection Market Outlook, By Defense Airport (2021-2030) ($MN)
75 South America Flight Inspection Market Outlook, By Other End Users (2021-2030) ($MN)
76 Middle East & Africa Flight Inspection Market Outlook, By Country (2021-2030) ($MN)
77 Middle East & Africa Flight Inspection Market Outlook, By Solution (2021-2030) ($MN)
78 Middle East & Africa Flight Inspection Market Outlook, By Services (2021-2030) ($MN)
79 Middle East & Africa Flight Inspection Market Outlook, By Routine Services (2021-2030) ($MN)
80 Middle East & Africa Flight Inspection Market Outlook, By Commissioning Services (2021-2030) ($MN)
81 Middle East & Africa Flight Inspection Market Outlook, By Special Services (2021-2030) ($MN)
82 Middle East & Africa Flight Inspection Market Outlook, By Systems (2021-2030) ($MN)
83 Middle East & Africa Flight Inspection Market Outlook, By Fixed Systems (2021-2030) ($MN)
84 Middle East & Africa Flight Inspection Market Outlook, By Mobile Systems (2021-2030) ($MN)
85 Middle East & Africa Flight Inspection Market Outlook, By Ground-based Systems (2021-2030) ($MN)
86 Middle East & Africa Flight Inspection Market Outlook, By Other Solutions (2021-2030) ($MN)
87 Middle East & Africa Flight Inspection Market Outlook, By End User (2021-2030) ($MN)
88 Middle East & Africa Flight Inspection Market Outlook, By Commercial Airport (2021-2030) ($MN)
89 Middle East & Africa Flight Inspection Market Outlook, By Defense Airport (2021-2030) ($MN)
90 Middle East & Africa Flight Inspection Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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