Flight Inspection (FI) Market Worth $5.57 Billion By 2022 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

Airborne-YouTube

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

Fri, Dec 29, 2017

Flight Inspection (FI) Market Worth $5.57 Billion By 2022

Growth Forecast To Be 4.31 Percent During The Period

According to the new research report, now available on ASDReports, "Flight Inspection (FI) Market by Solution (System, & Services), End User (Commercial Airports, Defense Airports), Services Type (Commissioning, Routine, Special Inspection), System Type (Fixed, Mobile, Ground-based) and Region - Global Forecast to 2022", The Flight Inspection (FI) market is projected to grow from an estimated $4.51 billion in 2017 to $5.57 billion by 2022, at a CAGR (Compound Annual Growth Rate) of 4.31% during the forecast period. Increasing spending on existing airport infrastructure improvement, new airport developments, and rise in flight inspection and calibration operations are expected to drive the flight inspection market during the forecast period.

Based on solution, the service segment is estimated to lead the flight inspection market during the forecast period.

Flight inspection services are mandatory for any airport and require two routine inspections annually and commissioning inspection at the time of commissioning of navigational aids. As the market for routine and commissioning activities increases, the demand for FI services is expected to increase. These factors are expected to drive the market for FI services during the forecast period.

Based on end user, the defense airport segment is projected to grow at the highest CAGR during the forecast period.

Due to the increasing defense budgets of emerging economies, the spending on military infrastructure is increasing. With increasing defense budgets, the modernization and development of defense airports as well as the demand for defense airports for strategic purposes is increasing.

The Asia Pacific flight inspection market is estimated to grow at the highest CAGR during the forecast period.

The flight inspection market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, due to the increasing air passenger traffic in the county. The Americas is expected to account for the largest share of the flight inspection market in 2017 and this trend is expected to continue throughout the forecast period. The increasing number of new airport development programs is expected to drive the flight inspection market in the coming years.

Some of the major players in the FI market are Textron (US), Bombardier (Canada), and Norwegian Special Mission (Norway).

(Source: ASD Reports news release. Image provided)

FMI: www.asdreports.com/print.asp?id=433760utm_source=ASDNews&utm_medium=affiliate&utm_campaign=ASDNews_PRS&utm_content=title_downloadreport

Advertisement

More News

AMA Drone Report 04.12.18: AMA Counters CDA, Night FPV, Google Drone Issues

Also: Drone Assists SAR, Strategic UAV Partnership, Russian Mail Drone Crash, Gold Coast Commonwealth Games As noted in the last AMA Drone Report, the Commercial Drone Alliance has>[...]

Airborne 04.18.18: FAA Reauthorization, New Bose, Std. Libelle 201 BE

Also: USAF Changes ARFF Standards, Aims Community College, Trent 1000 Package C Update, Global 7000 Extends The House Transportation and Infrastructure Committee has introduced a b>[...]

Airborne-Unmanned 04.17.18: XPO 2018, Drone Broadcasts, Airbus Inspection Drone

Also: NZ AFB Drone Incident, Police UAVs, Inaugural Drone Boot Camp, Predator 5M Flight Hours This is it! THE major unmanned exposition of the year -- AUVSI XPONENTIAL 2018 starts >[...]

AMA Drone Report 04.19.18: AMA Leadership, FAA Reauthorization, Coachella

Also: New French Regs, Drone Boot Camp, Public Safety Drone Standards, DroneShield Protects NASCAR It’s a little bit sad and yet a bit cool to see AMA make an exciting change>[...]

AMA Drone Report 04.19.18: AMA Leadership, FAA Reauthorization, Coachella

Also: New French Regs, Drone Boot Camp, Public Safety Drone Standards, DroneShield Protects NASCAR It’s a little bit sad and yet a bit cool to see AMA make an exciting change>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC