Asia Pacific Flight Inspection Market is expected to reach US$ 1,608.64 million by 2027


PRESS RELEASE BY The Insight Partners 07 Mar 2022

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Fixed System Segment to Dominate APAC Flight Inspection Market During 2020–2027      

According to The Insight Partners market research study on “APAC Flight Inspection Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Solution and End User,” is expected to reach US$ 1,608.64 million by 2027 from US$ 836.49 million in 2020. The market is estimated to grow at a CAGR of 9.8% from 2020 to 2027. The report provides trends prevailing in the APAC flight inspection market along with the drivers and restraints pertaining to the market growth. Rising usage of UAVs to conduct flight inspection and cutting the cost of flight inspection are the major factor driving the growth of the APAC flight inspection market. However, insufficient technical awareness in several countries hinders the growth of APAC flight inspection market.          

In case of COVID-19, APAC is highly affected specially India. The COVID-19 which emerged in China and has affected several nearing countries such as South Korea, India, and others. The countries such as China, India, South Korea, Japan, and others increasingly moving towards the advancement of the commercial and defense aircraft industry. The COVID-19 has minimal impact on the market comparing to other nations such as rising production activities and demand for aircraft even in pandemic situation has supported market growth. Further, countries such as China, and Japan increased their aircraft fleet owing to rising domestic and international flights. The country has upgraded their flight inspection operations by adopting new flight inspection aircraft. In governments of various countries also supported the smaller local air carriers to mitigate the COVID-19 impact which helped market to sustain the growth. For instance, government of South Korea has announced the financial support up to US$269 million or smaller local air carriers. In addition, the government also provided the US$2.7 billion support to Asiana Airlines and Korean Air to stabilize the liquidity of both airlines.

The APAC flight inspection market is segmented based on solution, end user, and country. Based on solution, the market is segmented into system and service. The system segment dominated the market in 2019 and services segment is expected to be fastest growing during forecast period.  The service segment is further sub segmented into routine, commissioning, and special inspection. The routine segment dominated the market in 2019 and same segment is expected to be fastest growing during forecast period. Similarly, the system segment is also sub segmented into fixed system, mobile system, and ground-based system. The fixed system segment dominated the market in 2019 and mobile system segment is expected to be fastest growing during forecast period. In terms of end user, the market is segmented into defense airports and commercial airports. The commercial airports segment dominated the market in 2019 and same segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.   

Aerodata AG; Airfield Technology, Inc.; Bombardier Inc.; ENAV S.p.A.; Norwegian Special Mission AS; Radiola Limited; Rohde & Schwarz GmbH & Co.; Safran S.A; and Textron Inc. are among the leading companies in the APAC flight inspection market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Textron Inc. received order from Flight Inspection Center of CAAC (CFIC) for delivering eight new Cessna Citation XLS+ for flight inspection in China.  

APAC Flight Inspection Market, By Country, 2019 and 2027 (%)
APAC Flight Inspection Market, By Country, 2019 and 2027 (%)


Asia Pacific Flight Inspection Market to Grow at a CAGR of 9.8% to reach US$ 1,608.64 million from 2020 to 2027

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Asia Pacific Flight Inspection Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Solution (System [Fixed System, Mobile System, and Ground-based System] and Services [Routine Services, Commissioning Services, and Special Services]) and End User (Defense Airport and Commercial Airport)         


       

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