The global Flight Inspection Market was valued at US$ 5.5 billion in 2022 and it is anticipated to grow up to US$ 8.1 billion by 2032, at a CAGR of 3.9% during the forecast period.
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The flight inspection market is the industry that inspects and evaluates navigational aids, communication systems, and other aviation infrastructure to ensure correct operation and compliance with regulatory requirements. Flight inspection is an essential step in ensuring the safety and effectiveness of aviation operations. Flight inspection entails assessing and verifying the functioning of different aviation systems utilizing specialized aircraft outfitted with very sensitive instruments and equipment.
Market Drivers and Trends
The rising growth of air travel globally is driving the market growth. When airports expand their operations and add additional runways or taxiways, for example, flight inspection organizations are hired to guarantee the accuracy and calibration of navigation aids. Furthermore, regulatory authorities such as the Federal Aviation Administration (FAA) in the United States and the European Aviation Safety Agency (EASA) in Europe enforce stringent standards and rules for aviation infrastructure. To achieve these standards, flight inspection is required. The FAA, for example, requires periodic flight inspections of navigational aids to guarantee compliance with its requirements, which includes certifying precision approach methods such as the Category I, II, and III Instrument Landing Systems (ILS).
Furthermore, the use of modern technology in aviation increases the demand for flight inspection. Implementing satellite navigation systems such as the Global Navigation Satellite System (GNSS) or the Wide Area Augmentation System (WAAS), for example, need flying inspections to certify their performance and accuracy. Flight inspection services are critical in assuring the integrity and effectiveness of new or enhanced systems when airports develop their infrastructure or undergo technological upgrades. Furthermore, the rising UAV market is significantly driving the flight inspection market. These drivers are likely to propel market expansion.
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Market Restraints and Challenges
Some areas, particularly those that are isolated or poor, may have restricted access or insufficient facilities for aircraft inspection activities. This might make it difficult for aviation inspection organizations to reach and check certain airports or navigational aids. Additionally, legislative modifications to the aviation sector may have an influence on the flight inspection business. Changes in legislation or standards governing flight inspection requirements may necessitate changes in the frequency or extent of inspections, possibly impacting demand for inspection services. Hence, these factors are expected to restrain growth of the market during the forecast period.
Major Players in the Global Flight Inspection Market
The key players studied in the global Flight Inspection Market are Cobham Flight Inspection Limited, Saab Automobile AB, Radiola Airspace , Bombardier Inc. , Safran S.A., Airfield Technology Inc., Norwegian Special Mission AG, Aerodata AG, Textron Inc. , and ST Engineering among others.
COVID-19 Impact
The pandemic of COVID-19 has had a detrimental influence on the Global Flight Inspection Market. Because of COVID-19’s impact on travel, several planes have been grounded and are no longer in service. Businesses pay a high price for short-term “active parking,” which entails putting planes on the ground. In accordance to The Financial Times, preparing and maintaining each plane for active parking costs over USD 30,000, even though they are normally only stored for three to six months. Because these planes were not in the air, they did not need routine inspections until they were ready to take off. This circumstance harmed the worldwide aviation inspection business.
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A large number of airlines are suffering significant losses, and a few may be forced to close permanently. The reduction in the number of aircraft and airlines may reduce demand for flight inspection systems and services, limiting the growth of the flight inspection market in the next years.
Global Flight Inspection Market Segmentation
By Solution
- Systems
- fixed System
- Mobile System
- Ground-Based System
- Services
- Routine Services
- Commissioning Services
- Special Services
By End-Use
- Commercial
- Defense
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