Asia Pacific Flight Inspection Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Solution (System [Fixed System, Mobile System, and Ground-based System] and Services [Routine Services, Commissioning Services, and Special Services]) and En

Asia Pacific Flight Inspection Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Solution (System [Fixed System, Mobile System, and Ground-based System] and Services [Routine Services, Commissioning Services, and Special Services]) and End User (Defense Airport and Commercial Airport)         

The APAC flight inspection market is expected to grow from US$ 836.49 million in 2020 to US$ 1,608.64 million by 2027; it is estimated to grow at a CAGR of 9.8% from 2020 to 2027.

Flight inspection activities are among the most significant events at commercial and military airports across the region. The revenue generation curve for flight inspection is showcasing an upward inclination in the current scenario and is expected to remain the same during the forecast period. The flight inspection service providers charge substantial amounts to carry out routine, commissioning, and special flight inspection services. This sometimes pressurizes the airport authorities to cut costs in other areas of investments that are equally important. However, with flight inspection activities being significant, their deferment is not feasible. Thus, the service providers' reduction in flight inspection costs would encourage airport authorities to undertake the flight inspection task without hampering expenses related to other airport activities. The higher cost incurred to execute flight inspection activity is crucial for flight inspection service providers to gain a customer base in the coming years, further stimulating the APAC flight inspection market growth.

COVID-19 severely affected APAC, especially India. The COVID-19 emerged in China and has affected several neighboring countries such as South Korea, India, and others. The countries, such as China, India, South Korea, Japan, and others, are increasingly advancing their commercial and defense aircraft industry. The COVID-19 has minimal impact on the market compared to other nations, such as rising production activities, and the demand for aircraft fueled even in the pandemic.

Further, countries, such as China and Japan, increased their aircraft fleet due to rising domestic and international flights. These countries upgraded their flight inspection operations by adopting new flight inspection aircraft. Governments of various countries also supported the smaller local air carriers to mitigate the COVID-19 impact, which helped the market sustain the growth. For instance, the government of South Korea has announced financial support of up to US$269 million or smaller local air carriers. In addition, the government also provided US$2.7 billion in aid to Asiana Airlines and Korean Air to stabilize the liquidity of both airlines.

Based on system, the fixed system segment led the APAC flight inspection market in 2019. The fixed system for flight inspection operation is used to serve the purpose of periodic flight inspections. A fixed system is used to navigate the aircraft for safe takeoff and landing operations at the runway. Further, increased demand for automatic and stable flight inspection systems in aircraft is upscaling the growth of fixed inspection systems to monitor and control operations more effectively.

Market players are also developing new systems suitable for fixed installation and offering improved inspection activities to meet customer expectations. Also, fixed inspection systems would be used for making periodic flight inspections to verify their safety and make sure that they meet NATO standard requirements. Further, the fixed flight inspection system tends to be more informative and offers the fastest performance. The above advantages of a fixed system are expected to increase its demand, thereby driving the APAC flight inspection market.

The overall APAC flight inspection market size has been derived using primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the APAC flight inspection market. The process also serves the purpose of obtaining an overview and forecast for the APAC flight inspection market concerning all the segments of the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants, who typically participate in such processes, include industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the APAC flight inspection market. Aerodata AG; Airfield Technology, Inc.; Bombardier Inc.; ENAV S.p.A.; Norwegian Special Mission AS; Radiola Limited; Rohde & Schwarz GmbH & Co.; Safran S.A; and Textron Inc. are a few players in the APAC flight inspection market.

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