South America Flight Inspection Market Dynamics and Trends by 2027

The SAM flight inspection market is expected to grow from US$ 221.72 million in 2020 to US$ 301.99 million by 2027; it is estimated to grow at a CAGR of 4.5% 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 SAM flight inspection market growth.       
The COVID-19 outbreak highly affected SAM, especially Brazil, followed by Argentina and Peru. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19's spread. The market has significantly affected the lockdown as the region isolated itself by shutting down a high number of international flights. Countries, such as Argentina, Brazil, and others suspended the ongoing or planned aviation industry expansion plan due to a significant blow on the economy, which limited the region's market growth in the COVID-19 situation. The pandemic severely impacted the international transportation of flight, which hampered the commercial aircraft market substantially. The shutdown of transportation and international traffic hits particularly hard on the aerospace industry, while military aircraft have had a meager impact. The market has witnessed a mixed result of the pandemic, with the demand for service remaining stable or increased due to the standing aircraft fleet. The periodical or routine and informal flight inspections have been carried out to check the standing aircraft fleet.
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 SAM flight inspection market. The SAM flight inspection market is expected to grow at a good CAGR during the forecast period.     

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

 

SAM Flight Inspection Market Segmentation

SAM Flight Inspection Market – By Solution 

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

SAM Flight Inspection Market – By End User

• Defense Airport
• Commercial Airport

SAM Flight Inspection Market, by Country

• Brazil
• Argentina      
• Rest of SAM

SAM 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.

South America Flight Inspection Report Scope