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Flight Inspection Market Report – Key Players, Industry Overview and Forecasts to 2027 - Allied Market Research
Flight Inspection Market
The global flight inspection market is experiencing a significant growth due to growing aircraft fleet. Flight inspection is the periodic evaluation of avionic systems such as navigational aids to ensure its safety & accuracy. Flight inspection measure the performance of communication, navigation, and surveillance infrastructure of an aircraft. Moreover, flight inspection reviews all flight procedures such as routes, approach, departure, and validation of electronic signals transmitted from ground navigation system to ensure reliability & sufficiency of in-air navigational support without any obstacles. Flight inspection is different than flight test, which analyzes the aerodynamic design and safety of aircraft physical structure.
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COVID-19 scenario analysis:
Travel bans imposed by nations all around the world to slow the spread of COVID-19 have impacted flight inspection industry, since flight inspection services relies heavily on commercial airlines for its revenue generation.
The demand for equipment and services necessary for flight inspection has also plummeted due to disruption in supply chain and transportation services.
Airlines will delay the procurement of new aircrafts, since the travel bans imposed by governments globally due to COVID-19 pandemic have gridlocked all the revenue sources for airlines.
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Airlines are incurring noteworthy financial losses due to grounding of flights and reduced air traffic caused by travel restrictions imposed by authorities in the wake of COVID-19 pandemic.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in global air traffic passenger, increase in demand for new airports, and rise in adoption of special flight inspection programs are the factors that drive the global flight inspection market. However, adapting to new procedure of flight inspection for latest aviation technologies such as satellite-based augmentation system (SBAS) & GPS calibration and stringent safety regulations hinder the market growth. On the contrary, investment in military airport infrastructure, technology driven flight-inspection, and automated flight control system present new pathways in the industry.
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The global flight inspection market trends are as follows:
Surge in global air traffic passenger
Increasing air traffic passengers is followed by rigorous flight safety regulations to avoid aircraft accidents. Recently, in 2019, Airbus published global aircraft market forecast stating the need for approx. 39,000 new aircrafts in the next 20 years to meet the future air traffic demands which is growing 4.3 % annually. Increasing air passenger traffic will lead to more demand for commercial aircrafts in economies where aviation market is likely to grow in future. Such growth in aviation industry is expected to boost the global flight inspection market.
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Demand for new airports
Governments have been developing new airports to meet the demand of growing air passenger traffic & aircraft fleet. Recently, in December 2019, Airport Authority of India (AAI) revealed its plans to develop country’s first three water aerodromes in Andaman & Nicobar (a union territory of India). Moreover, government of India is planning to invest 1.83 billion USD by 2026, in airport infrastructure & aviation services development in the country. Such investment in greenfield airport projects (new airport built from scratch on unused land) is expected boost the global flight inspection market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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