PUBLISHER: The Business Research Company | PRODUCT CODE: 1427864
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427864
The precision landing aids known as the Instrument Landing System (ILS) and virtual landing aids offer both vertical and horizontal guidance to pilots during the landing process. They provide indications for approach and landing, enabling shipboard takeoff, landing, and situational awareness for sailors on deck. These systems transmit precise signals for angle and descent guidance to aircraft, assisting them in landing on runways under various weather conditions.
The primary categories of instrument landing systems and visual landing aids encompass Instrument Landing System CAT I, Instrument Landing System CAT II, and Instrument Landing System CAT III. Instrument Landing System (ILS) CAT I is a specific subset of the overall ILS system, delivering aircraft guidance during the entire approach and landing phases. Visual landing aids comprise runway lighting, taxiway lighting, and approach lighting, employing various technologies such as light-emitting diodes (LEDs) and incandescent lamps. These aids are utilized at diverse airports, including international, medium, and small airports.
The instrument landing system and visual landing aids market research report is one of a series of new reports from The Business Research Company that provides instrument landing system and visual landing aids market statistics, including instrument landing system and visual landing aids industry global market size, regional shares, competitors with an instrument landing system and visual landing aids market share, detailed instrument landing system and visual landing aids market segments, market trends and opportunities, and any further data you may need to thrive in the instrument landing system and visual landing aids industry. This instrument landing system and visual landing aids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The instrument landing system and visual landing aids market size has grown strongly in recent years. It will grow from $2.17 billion in 2023 to $2.31 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth witnessed in the historical period can be ascribed to factors such as the expansion of air traffic, the implementation of safety regulations, a rising demand for enhanced airport capacities, the improvement of aviation safety standards, and operations dependent on weather conditions.
The instrument landing system and visual landing aids market size is expected to see strong growth in the next few years. It will grow to $2.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period can be attributed to the rise in air travel, the expansion of emerging markets, programs focused on airspace modernization, the implementation of remote and unmanned operations, and an intensified emphasis on precision approaches. Notable trends expected in the forecast period encompass the adoption of CAT II/III autoland systems, the utilization of LED and enhanced lighting systems, the implementation of satellite-based landing systems, the integration of AI-enabled decision support, and the incorporation of integrated approach systems.
The growth of the instrument landing system and virtual landing aids market is anticipated to be driven by the increasing air traffic. Air traffic, defined as the number of aircraft operating in a specific area or along a particular route, has been on the rise. Instrument landing systems (ILS) and virtual landing aids (VLA) play a vital role in assisting pilots during the landing process, especially in situations of low visibility. For example, a report from the Bureau of Transportation Statistics in March 2023 highlighted that US airlines transported 30% more passengers in 2022 compared to 2021, totaling 194 million additional passengers. This surge in air travel is a significant factor contributing to the growth of the instrument landing system and virtual landing aids market.
The factor expected to fuel the growth of the instrument landing system and virtual landing aids market is the increasing investments in airport infrastructure development. Infrastructure development involves the planned and systematic improvement or expansion of physical structures, facilities, and systems supporting a region, community, or industry. The heightened investments in infrastructure lead to a demand for precise and reliable landing systems. ILS and Virtual Landing Aids are deemed critical components in ensuring safe and efficient aircraft landings in upgraded and newly developed aviation infrastructures. As an illustration, in June 2023, the Vietnamese government expressed its ambition to significantly expand its airport network, targeting the establishment of over 30 airports by 2030 with a budget of approximately VND 420 trillion (US$18 billion). This initiative further underscores the role of infrastructure investments in propelling the instrument landing system and virtual landing aids market.
Innovations in product offerings emerge as a prominent trend in the instrument landing system and virtual landing aids market. Major companies in the industry are dedicated to developing innovative products to maintain their market positions. For instance, in March 2021, Netherland-based aerospace company TKH Airport Solutions B.V. introduced a new family of elevated airfield ground lights, featuring optional heated front glass for cold areas and a circling guide light for identifying the runway during circling approaches.
The collaborations and partnerships among major companies are instrumental in driving innovation and strengthening market positions in the instrument landing system and virtual landing aids market. By integrating diverse expertise, resources, and technologies, these collaborations accelerate the development and deployment of advanced landing solutions, enhancing aviation safety and efficiency. An example is the partnership between Thales Group, a France-based technology company, and Dragonair Airport GSE Service Ltd. (DAS), a Hong Kong-based aviation services company, announced in August 2021. This collaboration aims to implement an advanced Instrument Landing System (ILS) solution for the Three-Runway System (3RS) expansion project at Hong Kong International Airport (HKIA), focusing on improving aircraft landing capacity and efficiency while prioritizing flight safety.
In November 2022, US-based aerospace component manufacturer Indra Inc. acquired the air traffic management line of business from Selex ES Inc., an Italy-based company. This acquisition enables Indra Inc. to broaden its product range by incorporating the Distance Measuring Equipment (DME) fully certified by the US Federal Aviation Administration (FAA) and a recognized VOR for approach and en-route navigation, strengthening its capabilities in instrument landing system (ILS) equipment for navigation and precision approach landing.
Major companies operating in the instrument landing system and visual landing aids market report are 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.
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.
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.
The instrument landing system and virtual landing aids market consists of revenues earned by entities by providing accurate navigation, safe operations in bad weather, decision-making assistance, and Autoland capabilities. The market value includes the value of related goods sold by the service provider or included within the service offering. The instrument landing system and virtual landing aids market also includes sales of flight deck status and signaling systems, hover position indicators, and precision approach path indicators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Instrument Landing System And Visual Landing Aids Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on instrument landing system and visual landing aids market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for instrument landing system and visual landing aids ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The instrument landing system and visual landing aids market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.