Flight Inspection Market Forecasts to 2030 – Global Analysis By Solution (Services, Systems and Other Solutions), End User and By Geography

Flight Inspection Market Forecasts to 2030 – Global Analysis By Solution (Services, Systems and Other Solutions), End User and By Geography

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
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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

Companies Mentioned
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
Danish Aviation Systems