North America Flight Inspection Market Key Players and Forecast by 2027

The North America flight inspection market is expected to grow from US$ 1,759.31 million in 2020 to US$ 2,976.18 million by 2027; it is estimated to grow at a CAGR of 7.8% from 2020 to 2027.

The regional aviation sector is experiencing significant growth in air traffic volume in terms of passenger count and aircraft fleet. This is mainly due to the increase in business and leisure travel as a result of higher disposable income. In addition to passenger air travel, the cargo air fleet volume is consistently rising in many countries. The constantly growing air traffic volume year-on-year has been leading the airports to invest toward flight inspection activities. The flight inspection service providers are increasingly accelerating the procurement of flight inspection equipment, i.e., airborne equipment and ground equipment. This is pacing up the production lines among the flight inspection system manufacturers. 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. Over the past couple of years, several airport authorities have been investing toward the expansion of runways and terminals. Several countries across the region are foreseen to contribute significantly toward the growth of flight inspection market, as the airport authorities across the region 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 North America flight inspection market growth.In case of COVID-19, North America is highly affected specially the US. The economic growth has lowered which delayed the ongoing projects of commercial and defense upgradation. US is one of the major exporters of aircraft but owing to disrupted supply chain and lowering economic conditions of importing countries the export revenue is lowered. Enhancing trade relation to support international supply post lockdown helped market to regain its position. The limiting strength of workforce due to physical distancing model hampered the production activities in country. The demand for aircraft is lowered which created severe impact on the aircraft manufacturing companies. For instance, Boeing company has expected to lower demand from market than their previous prediction amid COVID-19. The pandemic has lowered their expectation such as in new report they predicted 11% drop in demand from its forecast a year ago. Such lowering demand and sale of aircraft has direct impact on the adoption of flight inspection system and service which hindered the market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America flight inspection market. The North America flight inspection market is expected to grow at a good CAGR during the forecast period.     

North America Flight Inspection Market Revenue and Forecast to 2027 (US$ Million)

North America Flight Inspection Market Segmentation

North America Flight Inspection Market – By Solution

• System
  • Fixed System
  • Mobile System
  • Ground-based System
• Services
  • Routine Services
  • Commissioning Services
  • Special Services

North America Flight Inspection Market – By End User

• Defense Airport
• Commercial Airport

North America Flight Inspection Market, by Country

• US
• Canada   
• Mexico  

North America Flight Inspection Market - Companies Mentioned

• Aerodata AG
• Airfield Technology, Inc.
• Bombardier Inc.
• ENAV S.p.A.  
• Norwegian Special Mission AS
• Radiola Limited
• Rohde & Schwarz GmbH & Co.  
• Safran S.A  
• Textron Inc.

North America Flight Inspection Report Scope