Global Flight Inspection Market (FI) is expected to reach US$ 7.26 Bn by 2026 from US$ 4.67 Bn in 2016 at a CAGR of 4.52%.
Global flight inspection (FI) market are segmented into solution, end-user, and region. Based on the solution, the flight inspection (FI) market is classified into services and system. In terms of end-user, the flight inspection (FI) market is categorized into commercial airports and defense airports. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The increase in flight inspection operations for navigational aids for routine and commissioning inspections due to the rising number of new airports and expansion of infrastructure on existing airports is anticipated to drive the flight inspection market. The major challenges that the flight inspection service providers face are mostly related to the technical aspects of flight inspection procedures. At present, adapting to the new procedure for validation & calibration of GPS enabled navigational procedures and in approach procedures for vertical guidance satellite-based augmentation system (SBAS) is a challenge for the flight inspection service providers.
Based on the solution, the system segment is estimated to grow at the highest CAGR during the forecast period. It is also expected to lead the flight inspection market during the forecast period. The system segment is further sub-segmented into fixed systems, mobile systems, and ground-based systems. Factors such as the rising number of new airport development programs and rising spending by emerging economies on airport infrastructure are the factors driving the growth of the flight inspection market.
On the basis of end-user, the defense airports segment is projected to lead the market during the forecast period owing to the increasing number of tactical forward airbases and defense airports due to the increase in the spending on military infrastructure.
The flight inspection market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period, due to the rising air passenger traffic in the county. The Americas is anticipated to account for the largest share of the flight inspection market in 2017 and this trend is estimated to continue throughout the forecast period. The rising number of new airport development programs is estimated to drive the flight inspection market in the coming years.
Some of the major players in the flight inspection (FI) market are Textron, Bombardier, and Norwegian Special Mission.
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