Flight Inspection Market Drivers and Opportunities [2021-2031]
The flight inspection market size is projected to reach US$ 9.25 billion by 2031 from US$ 5.60 billion in 2023. The market is expected to register a CAGR of 6.5% in 2023–2031. Reducing the flight inspection cost and increase in investment towards flight inspection services are among the key trends driving the flight inspection market.
Flight Inspection Market Analysis
Increasing air traffic dictated the establishment of a common flight inspection system for all air navigation facilities to handle aircraft landing operations more effectively. Rapid development in aircraft technologies, such as advanced navigation and communication systems, creates the need for improved inspecting systems and service. Increasing number of aircraft in commercial and defense sectors, owing to rise in passengers and defense operations, is fueling the market growth. Developing economies are a potential market for companies as increasing number of airports creates a lucrative opportunity for ground-based flight inspection systems. The advancement in flight inspection systems is reducing the operational time and expenses to offer cost-effective solution for customers.
Flight Inspection Market Overview
The global aviation industry is witnessing considerable growth due to increased number of international and domestic flights. This, in turn, is propelling the growth of the flight inspection market. Increasing number of aircraft at airports generates the demand for advanced flight inspection systems and services to ensure that aircraft are safe to fly and airworthy. The importance of flight inspection is growing as modern aircraft come with a complex system and require additional skills to inspect. Trained and licensed inspectors carry out the inspection process to measure the performance of navigation, surveillance, and communication systems. Flight inspection ensures safety at the time of takeoff and landing of aircraft. Further, increased safety standards and improved guidelines for airport terminals are enhancing the importance of flight inspection systems. Besides, increased use of automatic flight inspection systems reduces operational time and improves process efficiency. There is an increase in demand for automated flight inspection systems from airport facilities to perform flight inspection due to their time-saving and cost-saving benefits.
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Flight Inspection Market: Strategic Insights
Market Size Value in US$ 4,281.99 Million in 2019 Market Size Value by US$ 8,060.80 Million by 2027 Growth rate CAGR of 8.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Flight Inspection Market: Strategic Insights
| Market Size Value in | US$ 4,281.99 Million in 2019 |
| Market Size Value by | US$ 8,060.80 Million by 2027 |
| Growth rate | CAGR of 8.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Flight Inspection Market Drivers and Opportunities
Increase in Air Traffic Volume is Boosting the Market Growth
The global aviation sector is experiencing significant growth in air traffic volume in terms of passenger count and aircraft fleet. With the rise in aircraft fleet and traffic volume, routine inspection is of utmost importance for airport authorities to smoothen the operationality of aircraft movements. Apart from routine inspection, the commissioning of inspection services is also being carried out in several countries, as numerous new airports are coming up in developed and developing countries. Over the past couple of years, several airport authorities have been investing toward the expansion of runways and terminals. APAC is foreseen to contribute significantly toward the growth of flight inspection market, as the airport authorities in countries such as China, India, Japan, and other South East Asian countries are investing toward the expansion of existing airports and construction of newer airports. Thus, higher inclination toward flight inspection activities, growth in construction of new airports, rising number of flight inspection service providers, and increase in air traffic volumes are the key factors catalyzing the flight inspection market growth.
Utilization of UAVs for Flight Inspection
The unmanned aerial vehicles (UAVs) have been showcasing tremendous benefits across industries for various applications worldwide. Witnessing the importance of flight inspection over the years, several UAV manufacturers are eyeing on introducing and facilitating airport authorities and flight inspection service providers to gain benefit by using UAVs. Canard Drones Ltd., a Spanish drone manufacturer, is among the forerunners in developing and commercializing drones for flight inspection and inspection activities. The company anticipates that the use of drones would revolutionize the flight inspection activities by shortening the time required to conduct routine inspections at lower cost. Similarly, AltiGator, a Belgian drone manufacturer, devised ATLAS, an UAV, with an aim to offer flight inspection activity. As drones are much smaller in size and have lesser capability to carry payload than aircraft, flight inspection equipment manufacturers are expected to introduce compact, lightweight, and powerful systems that can be installed on the UAVs to conduct flight inspection. Thus, innovation in the field of small, lightweight flight inspection equipment for drones is also foreseen to catalyze the flight inspection market in the forthcoming years. Moreover, the flight inspection governing authorities are emphasizing on modifying the requisites of the flight inspection procedures to conduct UAV-based flight inspection (UFIS). The modifications would benefit the airport authorities and flight inspection service providers, which is, in turn, anticipated to propel the growth of the flight inspection market.
Flight Inspection Market Report Segmentation Analysis
Key segments that contributed to the derivation of the flight inspection market analysis are solution and end user.
- Based on solution, the flight inspection market has been divided into systems and services. The systems segment held a larger market share in 2023.
- On the basis of end user, the market has been segmented into defense airport and commercial airport. The commercial airport segment dominated the market in 2023.
Flight Inspection Market Share Analysis by Geography
The geographic scope of the flight inspection market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
North America has dominated the flight inspection market in 2023. The North America region includes US, Canada, and Mexico. The aerospace industry in North America is matured with the existence of a large number of aircraft manufacturers, MRO service providers, and skilled workforce. The demand for advanced technologies is tremendous in the region, with all the end users mentioned above are well aware of newer technologies. Owing to this, the adoption of flight inspection solutions in commercial airports begun decades ago in the region and are still continuing to integrate the technology on the new airport facilities. The commercial aerospace sector in the region is majorly dominated by Boeing, which is also integrating its B787 and B777 models for inspection to ensure that flights are meeting the expected standards and safe to fly. The flight inspection service providers and airports with self-owned flight inspection systems have started exercising retrofitting of older aircraft with modern navigational aids, which is also a catalyzer for the North American flight inspection market. The presence of a large number of flight inspection solution providers in the region is supporting the ever-rising demand, which is thereby boosting the flight inspection market.
Flight Inspection Market Report Scope
Flight inspection market News and Recent Developments
The flight inspection market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for flight inspection market and strategies:
- In February 2024, Asian Corporate Aviation Management (ACAM) acquired German flight inspection operator named Svege. Through this acquisition, ACAM expanded its footprint in Europe.
- In May 2022, Textron Aviation signed agreement with Turkish Aerospace Industries for the flight inspection missions by the government of Turkey.
Flight inspection market Report Coverage and Deliverables
The “Flight Inspection Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Solution and Services ) and End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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