Global Instrument Landing System Market Share and Forecasts, 2022 - Acute Market Reports
The Global Instrument landing system
and visual landing aids market is expected to be $11.52 Billion in 2014 and is
projected to register a CAGR of 6.50% to reach $19.2 Billion by 2022.
Up-gradation of airports is a key factor that promotes the growth of the
instrument landing system and visual landing aids market. Raise in air traffic
has resulted in the need to expand and modernize airports to increase the
airports capacity.
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The maximization of the runway and
runway safety programs underway are expected to drive the market demand. The
need for enhanced runway operational efficiency, growing passenger traffic,
airport development and expansion in emerging economies are key factors
stimulating growth in the instrument landing systems market. The reason behind
the expansion of ILS is its outstanding operational excellence, reliability and
less demand on aircraft instrumentation, which can also be used by other
navigation systems. ILS features with high durability which can withstand to
atmospheric changes.
The Global Instrument landing system
and visual landing aids market is segmented on the basis of ILS category, VLA
type, VLA technology and by regions. The ILS is categorized into CAT I, CAT II,
CAT III variants. As a part of airport modernizations project undertaken at
majority airports, the CAT I are replaced by CAT II/CAT III approach for safe
landing during poor weather conditions. The Visual Landing Aids (VLA) type is
classified into approach lighting, runway lighting and taxiway lighting. On the
basis of technology it is segregated into LED's and Incandescent Lamps.
Geographically the market is segmented into North America, Europe, Asia Pacific
and Rest of the World (RoW).
Key players in this market include
Astronics Corporation (U.S.), ADB Airfield Solutions (U.S.), Honeywell
International (U.S.), ATG Airports (U.K.), and Multi Electric Manufacturing,
Inc (U.S.), Esterline Technologies Corporation and Saab Sensis Corporation.
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