Based on solution, the flight inspection market is segmented as system and services. Flight inspection systems dominates the overall market and is expected to continue its dominance during the study period owing to upgradation of existing fleet and new aircraft demand from emerging economies.
The system segment is further divided in to fixed systems, ground based systems and mobile systems. Services are further divided in to special maintenance, routine and commissioning. Increasing routine and commissioning activities will increase the revenue share for flight inspection services.
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Based on end user, the industry is segmented as commercial airports and defense airports. Increasing defense budgets by major countries in the world drives the demand for defense flight inspection market. Increasing investment in modernization & development of defense airports and use of defense airports for strategic purpose will boost the industry demand. Frequent domestic & international flights and increasing travel for business purpose will increase revenue share from commercial segment.
Upgradation of existing aircrafts and building state of art new aircrafts will stimulate the demand for airplane inspection. Out of 346 ongoing new airports globally, half of them are going to be in Asia Pacific which opens opportunities for airport support industry including flight inspection market. With increasing complexity in aircraft components, the service providers require highly skilled technicians to carry out maintenance & security check. Advancement in technology will drive the demand for upgraded maintenance systems.
Repair and maintenance demand from aircraft/ helicopters, defense plane, cargo jets will boost the market demand during forecast period. As the market for regular routine check and commissioning activities increases, the demand for flight inspection market is expected to increase during the forecast period.
Service providers of aircraft maintenance are looking for highly reliable, cost effective solutions provide growth opportunities for industry participants. Moreover, increasing disposable income in developing and expenditure on air travel will boost air transportation in coming years. This creates growth opportunities for service providers to expand their business in these countries.
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North America contributes maximum share as the region has highest number of airports, high commercial flight frequency and strong focus on military defense sector. New airport development program to improve air transportation industry creates need for frequent flight examination. Moreover, increasing number of air passengers will further increase the demand for aircraft maintenance related services.
Increasing investment in airport infrastructure development and defense spending will drive the demand for highly reliable service providers in Asia Pacific. Governments focusing on reducing dysfunctionality in aircrafts and ensure safe flight will boost the flight inspection market in countries such as India, China, Australia. The aviation industry in Asian countries are increasing exponentially which creates the growth potential for aircraft maintenance & service providers. According to International Air Transport Association (IATA), India is the 9th largest aviation market and has recorded over 16% of growth in 2016 over 2015. Moreover, rapidly growing middle class preferring air travel further increase the growth potential for flight inspection market in the region.
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The key participants in flight inspection market are Normarc Flight Inspection Systems, Safran Electronics & Defense, Textron Aviation Inc, Saab group, Flight Calibration Services Limited, Airfield Technology, Bayanat Airports. System and service providers focus on delivering low cost, high efficiency services to increase the customer satisfaction and maintain long term service contracts. The companies are increasingly looking for growth opportunities in countries in Asia Pacific to increase their revenue & geographic reach. For instance, Radiola Aerospace landed a 4-year contract from TATA Power Company in India for aircraft inspection of new navigation aids at 30 military airfields throughout the country between 2013 to 2017.