Selbyville, Delaware, July 24, 2019 (GLOBE NEWSWIRE) --
The flight inspection market is poised to rise from $1500 million in 2018 to over $1800 million by 2025, according to a 2019 Global Market Insights, Inc. report. Increasing airport expansion and construction projects will drive the market size over the study timeframe.
Growing prominence of drone technology and autonomous aircrafts for inspection will boost the flight inspection market growth over the projected timeframe. Unmanned aerial vehicles (UAV’s) offering accurate results conveniently owing to compact size are providing a positive outlook for the industry expansion. UAV’s equipped with various systems providing real time data of critical parameters allows pilots to operate in extreme conditions.
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Incorporation of redundant flight electronics to meet the required safety standards is escalating the service demand. Reduction in traditional inspection frequencies significantly contributes towards lowering the overall operational cost for airport operations. Rising preference of utilizing advanced flight inspection systems by air navigation service providers is showcasing significant growth prospects for the flight inspection market proliferation.
The flight inspection systems are designed to provide high quality and cost-effective solutions that assures the integrity of guidance system at the airport. The systems are used for authentication of performance-based navigation processes and for the verification and testing of navigational aid. Regulatory organizations including the FAA and ICAO govern the maintenance and inspection activities to ensure safe landing of aircrafts.
Rising number of defense airports due to increasing military expenditure globally is expected to offer large scale opportunities to the market share over the projected timeframe. Further, an upsurge in the implementation of more advanced technologies and increasing air passenger traffic in emerging countries across the globe is anticipated to drive the flight inspection market share over the study timeframe.
Routine inspection will account for a significant share in the flight inspection market. This can be attributed to the mandatory requirement for testing and inspection of flight after a certain flight cycle. Stringent government regulations for maintaining airworthiness is playing a major role in boosting the segment size over the projected timeframe. In addition, the continuous enhancement in product quality and calibration processes are expected to positively drive the market share.
Browse key industry insights spread across 210 pages with 275 market data tables & 10 figures & charts from the report, “Flight Inspection Market Size By Solution (Commissioning, Routine), By System (Precision Approach Path Indicator (PAPI), Instrument Landing System (ILS), Very High Frequency (VHF) Omni-Directional Range (VOR), Distance Measuring Equipment (DME)), By End User (Commercial Airports, Defense Airports) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, Sweden, China, India, Japan, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/flight-inspection-market
The Precision Approach Path Indicators (PAPI) will exhibit considerable growth in the flight inspection market over the projected timeframe. This can be attributed to the requirement to offer visual glide slope guidance for non-precision approach environments such as aerodromes and airstrips. Moreover, advancements in LED technologies with lower power consumption along with reduced maintenance and simpler applications are providing a positive outlook for the market expansion.
Rising defense expenditure globally along with increasing political concerns among countries are providing potential growth prospects for the defense airport expansion. Additionally, the integration of radars and nav-aids for felicitating enhanced airfield operations are further accelerating the flight inspection market penetration over the study period. The requirement for periodic airborne inspections along with airfield obstacle evaluations for electronic signal validation are positively influencing the segment growth over the study period.
Europe will exhibit significant growth in the flight inspection market share over the forecast timeframe. This can be attributed to the rapid technological advancements in inspection techniques for improving efficiency and reduce inspection time. Additionally, the increasing usage of drone technology for flight inspection owing to enhanced flexibility along with multiple angular coverage are further boosting the market share.
Major flight inspection market participants include Textron Inc, Safran, Norwegian Special Mission, Bombardier, Airfield Technology, Inc., Aerodata, Saab AB, Cobham plc, and ENAV. Industry players are engaged in securing contracts from airports to enhance their market share.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.