In case of COVID-19, APAC is highly affected specially India. The COVID-19 which emerged in China and has affected several nearing countries such as South Korea, India, and others. The countries such as China, India, South Korea, Japan, and others increasingly moving towards the advancement of the commercial and defense aircraft industry. The COVID-19 has minimal impact on the market comparing to other nations such as rising production activities and demand for aircraft even in pandemic situation has supported market growth. Further, countries such as China, and Japan increased their aircraft fleet owing to rising domestic and international flights. The country has upgraded their flight inspection operations by adopting new flight inspection aircraft. In governments of various countries also supported the smaller local air carriers to mitigate the COVID-19 impact which helped market to sustain the growth. For instance, government of South Korea has announced the financial support up to US$269 million or smaller local air carriers. In addition, the government also provided the US$2.7 billion support to Asiana Airlines and Korean Air to stabilize the liquidity of both airlines.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC flight inspection market. The APAC flight inspection market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 836.49 Million |
| Market Size by 2027 | US$ 1,608.64 Million |
| CAGR (2020 - 2027) | 9.8% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Solution
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Flight Inspection Market is valued at US$ 836.49 Million in 2020, it is projected to reach US$ 1,608.64 Million by 2027.
As per our report Asia Pacific Flight Inspection Market, the market size is valued at US$ 836.49 Million in 2020, projecting it to reach US$ 1,608.64 Million by 2027. This translates to a CAGR of approximately 9.8% during the forecast period.
The Asia Pacific Flight Inspection Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Flight Inspection Market report:
The Asia Pacific Flight Inspection Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Flight Inspection Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Flight Inspection Market value chain can benefit from the information contained in a comprehensive market report.
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