Press release
Flight Inspection Market 2018 Key Players are Safran Electronics & Defense, Textron Aviation, Normarc Flight Inspection Systems, Saab group, Flight Calibration Services, Airfield Technology, Bayanat Airports
Flight Inspection Market
Flight Inspection Market to grow owing to frequent maintenance check for ensuring safety &security of operation. Mandatory maintenance checks twice a year for facilitating smooth communication and navigation during the flying time will increase the demand for flight inspection market during forecast period of 2017 to 2024. Increasing flight frequency to cater to increasing number of air travelers leads to frequent maintenance checks of the flight. Strict quality check from airport regulatory authority to improve aircraft safety and reduce accidents will further drive the industry demand.
Based on end user, the industry is segmented as commercial airports and defense airports. Increasing defense budgets by major countries in the world drives the demand for defense flight inspection market. Increasing investment in modernization & development of defense airports and use of defense airports for strategic purpose will boost the industry demand. Frequent domestic & international flights and increasing travel for business purpose will increase revenue share from commercial segment.
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Upgradation of existing aircrafts and building state of art new aircrafts will stimulate the demand for airplane inspection. Out of 346 ongoing new airports globally, half of them are going to be in Asia Pacific which opens opportunities for airport support industry including flight inspection market. With increasing complexity in aircraft components, the service providers require highly skilled technicians to carry out maintenance & security check. Advancement in technology will drive the demand for upgraded maintenance systems.
Top Key Players:-
The key players of global Flight Inspection Market are Normarc Flight Inspection Systems, Safran Electronics & Defense, Textron Aviation Inc, Saab group, Flight Calibration Services Limited, Airfield Technology, Bayanat Airports.
Regional Segmentations:-
North America contributes maximum share as the region has highest number of airports, high commercial flight frequency and strong focus on military defense sector. New airport development program to improve air transportation industry creates need for frequent flight examination. Moreover, increasing number of air passengers will further increase the demand for aircraft maintenance related services.
Increasing investment in airport infrastructure development and defense spending will drive the demand for highly reliable service providers in Asia Pacific. Governments focusing on reducing dysfunctionality in aircrafts and ensure safe flight will boost the flight inspection market in countries such as India, China, Australia. The aviation industry in Asian countries are increasing exponentially which creates the growth potential for aircraft maintenance & service providers. According to International Air Transport Association (IATA), India is the 9th largest aviation market and has recorded over 16% of growth in 2016 over 2015. Moreover, rapidly growing middle class preferring air travel further increase the growth potential for flight inspection market in the region.
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The system segment is further divided in to fixed systems, ground based systems and mobile systems. Services are further divided in to special maintenance, routine and commissioning. Increasing routine and commissioning activities will increase the revenue share for flight inspection services.
Strict regulatory norms regarding maintenance checks increases the demand for advanced technology equipment & services to ensure reliable procedure and proper maintenance. Standards for flight inspection systems are provided by International Civil Aviation Organization and Federal Aviation Administration.
Based on solution, the market is segmented as system and services. Flight inspection systems dominates the overall market and is expected to continue its dominance during the study period owing to upgradation of existing fleet and new aircraft demand from emerging economies.
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