Press release
What's Driving the Flight Inspection Market Growth? Safran, Textron Aviation Inc, Bombardier, Norwegian Special Mission AS, Airfield Technology Inc, Saab AB, Cobham PLC, Radiola Limited, ENAV
Flight Inspection Market
Regulatory organizations like FAA and ICAO govern such inspection and maintenance activities, thus weighing on the passenger safety. Worldwide increasing number of airports complemented by the sharp growth in number of business travels and tourisms are expected to augment the flight inspection industry outlook.
The factors which will fuel the ever-expanding aviation industry will also be responsible for stimulating flight inspection market growth trends during the forecast period. Some of leading trends proliferating market are stated underneath.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Safran, Textron Aviation Inc, Bombardier, Norwegian Special Mission AS, Airfield Technology Inc, Saab AB, Cobham PLC, Radiola Limited, ENAV
The growing airport construction activities across the globe is anticipated to support the expansion of flight inspection industry share. Currently, Asia Pacific leads in the number of airport construction activities owing to high investments from the countries comprising China and India to develop air travel in the region. In order to support expansion of air traffic in the continent, a number of construction projects related to new and existing airports are in the pipeline, which will accelerate the demand for flight inspection systems. For instance, China government has been developing the third international airport, Beijing Daxing International Airport in the capital city of Beijing that will open for service before September 30, 2019.
Recently developed advanced inspection drones are intended for use within a hangar. After being programmed with a predefined inspection path, the drone automatically flies around the aircraft structure gathering all critical data in the form of high resolution images. These images are then transferred to a technician who compares them with the aircraft's 3D structural model to locate any surface damages. The system will not only reduce the overall inspection time but also will help to maintain utmost quality during the flight inspections. Less time consumed means less aircraft downtime, and apparently more chances of revenue regeneration for the airline industry, thus augmenting growth trends for commercial flight inspection market share.
Significant growth in the global defense expenditure complemented by the need to integrate advanced radars and other navigational aids to support airfield operations will further accelerate product demand. Additionally, the rising number of defense air bases owing to heightened tensions between some major countries will create large-scale opportunities to foster combat flight inspection market share.
Along with the growing airport infrastructure, the technological advancements of flight inspection systems have been positively supporting flight inspection market outlook. The industry may witness growing penetration of drones for the purpose of flight inspection. These compact drones integrated with multiple sensors and high-quality cameras can provide real time data for defect assessment. For instance, Airbus recently revealed an automated drone-based aircraft inspection system that can significantly reduce the time taken for visual inspections of the aircraft.
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Flight inspection market is majorly driven by the technological advancements in inspection techniques to reduce the flight down time. Similarly, routine inspection forced by government regulations to enforce the need for testing and inspection of flight status after a certain flight cycle will also foster flight inspection system demand. Flight inspection market is estimated to exceed USD 1.8 billion by 2025.
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