This market research report presents a detailed segmentation of the global instrument landing system and visual landing aids market by system types such as ILS and VLA. It provides a market share analysis for key geographies including the Americas, APAC, and EMEA. The key vendors analyzed in this report are Astronics, Honeywell, Rockwell Collins, Thales, and Universal Avionics.
Technavio’s market research analysts estimate the global instrument landing system and visual landing aids market, to grow at a CAGR of around 6% between 2016 and 2020. The growing investments in smart airports worldwide are driving the growth of this market. Small airports are designed to increase the efficiency and profitability of airports, prevent risks and threats, thus enabling safe flight and airport operations, and limiting the inconvenience to the passengers. APAC dominates the global market for instrument landing system and visual landing aids, accounting for 37% of the overall market share. The increase in the development of airports in this region due to the increasing passenger traffic is driving the market growth in this region. Lots of investments are being made for the development of airports, airfields, and runways in this region.
The new market research report from Technavio provides a breakdown and analysis of the instrument landing system and visual landing aids segments by technology.
“Of late, the market is witnessing growing demand for autopilot landing systems. These systems help in the secure landing of the aircrafts especially during bad weather conditions. Autopilot landing systems monitor the heading, altitude, airspeed, and distance, while landing the aircrafts. The demand for these systems is expected to increase during the forecast period with growth in commercial aircraft movements and passenger traffic,” says Abhay Sinha, Lead Analyst, Aerospace & Defense, Technavio Research.
Instrument landing system (ILS) dominates the market, accounting for 71% of the total market share. The growth of this segment can be attributed to the high investments in the airports for advanced technology runway lighting systems. Also, these systems are highly durable against atmospheric disturbances.
The major players dominating the global instrument landing system and visual landing aids market are Astronics, Honeywell, Rockwell Collins, Thales, and Universal Avionics. This market is highly competitive with vendors competing on the basis of cost, product quality, reliability, and aftermarket service. The competitive environment of this market is expected to intensify further due to an increase in R&D, innovations, and mergers and acquisitions during the forecast period.
A more detailed analysis is available in the Technavio report, Global Instrument Landing System and Visual Landing Aids Market 2016-2020.
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