Report : Europe 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)
Commercial Airport Segment to Dominate Europe Flight Inspection Market During 2020–2027
According to a new market research study on “Europe Flight Inspection Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Solution and End User,” is expected to reach US$ 2,592.96 million by 2027 from US$ 1,460.60 million in 2020. The market is estimated to grow at a CAGR of 8.5% from 2020 to 2027. The report provides trends prevailing in the Europe flight inspection market along with the drivers and restraints pertaining to the market growth. Increasing demand for flight inspection from military forces and growing air traffic volume are the major factor driving the growth of the Europe flight inspection market. However, dearth of technical awareness in several countries hinders the growth of Europe flight inspection market.
In case of COVID-19, Europe is highly affected specially the UK. The flights have been suspended for longer period in the first half which lowered the demand for flight inspection systems. Several countries also stopped their production activities owing to the spread of COVID-19 in the aircraft industry which further lowered market growth. For instance, 668 infected persons are found on the French aircraft carrier Charles de Gaulle. As a result, the facility cannot function without staff the operations are being stopped or carried out with limited force. In addition, a new strain of coronavirus has found in UK which spreads at faster rate than previous strain has initiated shutdown of air connectivity with UK and other European countries. The Europe is third largest region in terms of demand of airplanes which might help the market to recover after pandemic but in current scenario the demand for service and systems in region is experiencing major hit, still companies operating in the region are managing to offer flight inspection solution for domestic and global level but not as per the expected target. Also, use of robots, drones, and other advanced tools for virtual inspection to save time has emerged owing to COVID-19 which might grab stronger share in forecasted period.
The Europe 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 the UK, Germany, France, Italy, Russia, and rest of Europe.
Aerodata AG; Airfield Technology, Inc.; Bombardier Inc.; ENAV S.p.A.; FCS Flight Calibration Services GmbH; Norwegian Special Mission AS; Radiola Limited; Rohde & Schwarz GmbH & Co.; Safran S.A; and Textron Inc. are among the leading companies in the Europe 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 2020, Aerodata AG delivered second Super King Air 350 integrated with fully automated flight inspection system to Air Navigation Services (ANS) of the Czech Republic.
Europe Flight Inspection Market, By Country, 2019 and 2027 (%)
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