Global Instrument Landing System And Visual Landing Aids Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
26 Oct, 2023
The global market for instrument landing systems and visual landing aids is projected to increase from $2.02 billion in 2022 to $2.17 billion in 2023, with a compound annual growth rate (CAGR) of 6.8%. Furthermore, the market size for these systems is anticipated to reach $2.74 billion by 2027, with a CAGR of 6.1%.
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 going forward. Air traffic refers to the number of aircraft flying in an area or along a route. The instrument landing system (ILS) and virtual landing aids (VLA) are crucial components in aircraft that aid pilots throughout the landing process, particularly in low-visibility circumstances.
Get a Sample of the global instrument landing system and visual landing aids market reportGlobal Instrument Landing System And Visual Landing Aids Market Segments
The global instrument landing system and visual landing aids market is segmented:
1) By Type: Instrument Landing System CAT I, Instrument Landing System CAT II, Instrument Landing System CAT III
2) By Visual Landing Aid: Runway Lighting, Taxiway Lighting, Approach Lighting
3) By Technology: Light-Emitting Diode (LEDs), Incandescent Lamps
4) By Operation: International Airport, Medium Airport, Small Airport
5) By Geography: 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, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global instrument landing system and visual landing aids market.
Major Instrument Landing System And Visual Landing Aids Industry Players
Instrument Landing System And Visual Landing Aids Market Overview
The instrument landing system (ILS) and visual landing aids are precision landing aids that offer pilots both vertical and horizontal guidance during their approach to a landing. These systems provide critical information and indications for safe landings and also support shipboard takeoffs. ILS and visual landing aids transmit precise angle and descent guidance signals to aircraft, ensuring accurate and safe landings even in adverse weather conditions.
Instrument Landing System And Visual Landing Aids Global Market Report 2023 provides data on the global instrument landing system and visual landing aids market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The instrument landing system and visual landing aids market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.