Flight Inspection Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025.Fight inspection refers to the periodic evaluation of navigational aids used in aviation, such as flight procedures and electronic signals, to ensure they are safe and accurate. Unlike flight tests, flight inspection comprises reviewing flight procedures such as routes, approaches and departures to ensure navigational support is sufficient, there are no obstacles and the procedure is reliable. Flight inspectors initially tested the accuracy of light beacons sighted while flying.
Factors such as the increasing number of new airport development programs and growth in investment by emerging economies are the factors driving the growth of the flight inspection market. In spite of the growth, technical issues engaged in flight inspection procedures act as a challenge to the rise of the flight inspection market. However, the flight inspection market for defense airports is expected to rise at the highest CAGR during the forecast period due to the growth in defense budgets and extra expenditure on military infrastructure. Rising defense budgets, modernization and development of defense airports as well as the worldwide increase in aircraft passenger traffic have provided opportunities to the growth of flight inspection market
The flight inspection market has been segmented on the basis of solution, end user, and region. The solution segment is divided into services and system segment. The services segment is then bifurcated into Commissioning, Routine and special inspection. The system segment is further sub segmented into fixed systems, mobile systems, and ground-based systems. Based on end user, the segmentation is done on the basis of two aspects, commercial and defense airports. The defense airports segment has a higher prospect compared to the commercial airports, to lead the market during the predicted period owing to the increasing number of tactical forward airbases and defense airports due to the increased investment on military infrastructure.
The global flight inspection market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are covered under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, Taiwan, and others. RoW covers South America, Middle East and Africa.
Major companies operating in the flight inspection market include Textron, Bombardier and Norwegian Special Mission, among others. The manufacturers and the service providers frequently adopted new product launches and penetration in emerging markets by acquiring long-term contracts in respective regions as their key growth strategies.
The key takeaways from the report
Scope of Flight Inspection Market
End User Segments