Global Instrument Landing System And Visual Landing Aids Market Drivers 2024, Forecast To 2033
8 Mar, 2024
The instrument landing system and visual landing aids market has experienced robust growth, with its size increasing from $2.17 billion in 2023 to $2.31 billion in 2024, representing a CAGR of 6.8%. This growth is attributed to factors such as air traffic growth and improved aviation safety standards. Looking ahead, the market is expected to see strong growth, reaching $2.93 billion in 2028, with a CAGR of 6.0%. Factors driving this growth include increasing air travel and airspace modernization programs. Major trends in the forecast period include CAT II/III autoland systems and AI-enabled decision support, indicating promising prospects for the industry.
Global Instrument Landing System And Visual Landing Aids Market Key Driver
The increasing air traffic is expected to propel the growth of the instrument landing system and virtual landing aids market. With US airlines witnessing a 30% increase in passengers transported from 2021 to 2022, as reported by the Bureau of Transportation Statistics, there's a corresponding need for advanced landing systems to ensure safe and efficient aircraft operations, particularly in low-visibility conditions. Thus, the escalating air traffic contributes to the demand for instrument landing systems and virtual landing aids, driving market growth.
Get A Free Sample Of The Global Instrument Landing System And Visual Landing Aids Market ReportGlobal Instrument Landing System And Visual Landing Aids Market Segments
The instrument landing system and visual landing aids market covered in this report is segmented –
1) Type:Instrument Landing System CAT I, Instrument Landing System CAT II, Instrument Landing System CAT III
2) Visual Landing Aid:Runway Lighting, Taxiway Lighting, Approach Lighting
3) Technology:Light-Emitting Diode (LEDs), Incandescent Lamps
4) Operation:International Airport, Medium Airport, Small Airport
By Geography: The countries covered in the instrument landing system and visual landing aids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the instrument landing system and virtual landing aids market in 2023. North America is expected to be the fastest-growing region in the instrument landing system and virtual landing aids market report during the forecast period. The regions covered in the instrument landing system and visual landing aids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Instrument Landing System And Visual Landing Aids Industry Players
Astronics Corporation; Honeywell International Inc.; Lufthansa Systems; NEC Corporation; Eaton; Thales Group; Collins Aerospace; Hella KGaA Hueck & Co.; Groupe ADP; Vaisala Oyj; Universal Avionics Systems Corporation; SAAB Sensis; Aeronautical & General Instruments Limited; Indra Navia AS; Carmanah Technologies Corp.; OCEM Airfield Technology.; Aeronav Group; Navtech Radar; ATG Airports Ltd.; Airport Lighting Company; Flight Light Inc.; Systems Interface Ltd.; Airfield Lighting Systems; Airsafe Airport Equipment Co. Ltd.; EFLA Oy; IFALPA; Airport Lighting Specialists Pty. Ltd.
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Instrument Landing System And Visual Landing Aids Market Overview
The instrument landing system (ILS) and virtual landing aids refer to precision landing aid that provides both vertical and horizontal guidance to pilots as they approach a landing, giving approach, landing indications, and permitting shipboard take off, landing, and situational awareness for sailors on deck. They send precise angle and descent guidance signals to aircraft for guidance on landing on the runway in good or bad weather.