Aircraft Wheel Scanning System Market Study, Trends, Segmentation, Detailed Analysis And Forecast by 2032

The quality management of landing gear components relies majorly on the aircraft wheel scanning system in an aircraft wheel scanning system. As aircraft wheels and brakes are subjected to tremendous wear and friction during landing and take-off, they require routine maintenance, repair, and overhaul. These technologies are widely used by aircraft manufacturers to detect early problems and ensure safe aircraft take-off and landing. According to FAA regulations in the U.S., an aircraft cannot be operated unless it has undergone an annual inspection or an air-worthiness certificate inspection. The demand for aircraft wheel-scanning systems is predicted to rise as the emphasis on aviation maintenance, repair, and overhaul (MRO) services and quality control increases. Modern aviation wheels are typically made using a two-part that are joined to form a wheel in a casting or forging process. The aircraft wheels differ slightly in design from automobile wheels because of their ability to accept numerous disc brake variations.

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COVID-19 Impact Analysis

The aviation industry has been severely impacted due to the lockdown in many countries, including the U.S., France, Germany, China, and India, resulting in production halts and delayed aircraft deliveries. According to the International Air Transport Association (IATA), revenue per passenger kilometer fell by 90% year over year in April 2020 due to lower passenger air traffic. Furthermore, supply chain management was disrupted as a result of COVID-19. However, there was an increase in demand for aircraft MRO services such as rigorous and thorough scanning and aircraft parts inspection, because most aircrafts were grounded. This factor is expected to outweigh the impact of COVID-19 on the market.

Top Impacting Factors

Adoption of next-generation fault detection solutions, increase in development of hybrid scanning system to enhance operational efficiency, and rise in demand for light weight aircraft are the major factors that drive the growth of the aircraft wheel scanning system market.
Higher cost than traditional aircraft inspection system, and high maintenance are the restraints that hinder the growth of the aircraft wheel scanning system market.
Growth owing to improvements experienced in aircraft maintenance, repair, and overhaul has led to the increase in demand for air travel in emerging economies.

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Rise in Demand for Light Weight Aircraft

The demand for new lightweight aircraft parts such as wheels, brakes, landing gears, and other aircraft parts is predicted to rise as the desire for lightweight aircraft increases across the globe. As a result, there is a greater demand for aircraft wheel-scanning systems for quality control, inspection, and reverse engineering. Scanning technology is generally employed in reverse engineering current items for design and development. Reverse engineering using 3D scanning makes it easier to maintain, repair, and overhaul an aircraft wheel that lacks CAD data. These scanning devices aid in the design and development of aircraft wheels, which is expected to contribute to the growth of the industry. Furthermore, developments in scanning technology for small item measurement are expected to drive market growth. For instance, major competitors in the market for aircraft wheel scanning systems, such as Carl Zeiss optochin GmBH and Hexagon AB, have invented and developed advanced scanners capable of detecting faults as small as micron

Increase in Demand for Air Travel in Emerging Economies

The International Flying Transport Association (IATA) predicts that, the total number of air passengers will increase by four-fold by the end of the year. Improved economic conditions in emerging markets have led to increased demand for air travel. The increased demand for air travel has resulted in a rise in aircraft flying hours. The landing gear system and its components, such as brakes and wheels, were subjected to immense force during takeoff and landing. A minor mistake in landing gear extension or retraction can lead to severe aircraft mishaps. The frequency of aircraft wheel inspection has increased due to the rise in wheel stress, which is expected to drive the expansion of the aircraft wheel scanning system market. Regular repair of aircraft components is also required to improve quality control, safety, and risk reduction. For instance, the Indian government announced in May 2020 that it intends to increase investment in the aircraft component repairs and airframe maintenance from 105.4 million USD to 263.4 million USD over the next three years. Furthermore, the increase in demand for air travel in developing economies drives the growth of the regional market.

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Key Benefits of the Report

This study presents the analytical depiction of the aircraft wheel scanning system market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with challenges the aircraft wheel scanning system market.

The current market is quantitatively analyzed to highlight the market growth scenario of aircraft wheel scanning system market.

The report provides a detailed aircraft wheel scanning system market analysis based on competitive intensity and the competition that will take shape in coming years.

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