Market research report segments the instrument landing system and visual landing aids market on the basis of ILS category, VLA types, VLA by Technology, and geographies.
Instrument Landing System & Visual Landing Aids Market , By ILS Category (ILS CAT I, ILS CAT II, ILS CAT III), VLA (Runway Lighting, Approach Lighting, Taxiway Lighting), VLA by Technology (LEDs & Incandescent Lamps), Geography - Forecasts & Analysis 2014 - 2020
The Instrument landing system and visual landing aids market is estimated to be $1152.15 Million in 2014 and is projected to register a CAGR of 5.54% to reach $1680.79 Million by 2020. The report provides key statistics for the forecast period provides in-depth insights with regards to the ILS and VLA market.
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The instrument landing system and visual landing aids market in this report is divided into five major geographies, namely, North America, Europe, Asia-Pacific, the Middle East, and the Rest of the World (RoW), which includes Latin America and Africa. It is estimated that the ILS and VLA market is expected to be valued at $152.15 million in 2014; Asia-Pacific will have the largest market with 33.72% share, followed by North America with 25.15%, and Europe with 18.58%.
Major players in instrument landing system and visual landing aids market include Astronics Corporation (U.S.), ADB Airfield Solutions, LLC (U.S.), Honeywell International, Inc. (U.S.), ATG Airports, Ltd. (U.K.), Multi Electric Manufacturing, Inc.
(U.S.), Rockwell Collins, Inc. (U.S.), SAAB Sensis (U.S.), and Systems Interface Ltd. (U.K.).
The leading players in ILS and VLA market include Astronics Corporation (U.S.), ADB Airfield Solutions, LLC (U.S.), Honeywell International, Inc. (U.S.), ATG Airports, Ltd (U.K.), Multi Electric Manufacturing Inc.
(U.S.), Rockwell Collins, Inc. (U.S.), SAAB Sensis (U.S.), and Systems Interface Ltd (U.K.).
The ILS and VLA market is highly competitive, with a limited number of market players. This report studies the growth strategies adopted by the key market players.
The strategies adopted by the players to expand their global presence and increase their market share includes partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, and new product launches.
The ILS and VLA market report provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of major companies in the industry, and other key news.
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The year-on-year passenger growth in BRICS countries; Brazil, Russia, India, China, and South Africa is expected to be 8.60% during the forecast period, thus contributing to the highest market share for APAC by the end of the forecast period. The MINT countries; Mexico, Indonesia, Nigeria, and Turkey, are considered as the emerging economic giants, with an expected 8.80% increase in passenger growth ratio, year-on-year during the forecast period.
With the increase in fleet size, the necessity of providing safety and avoiding fatalities, airport authorities are investing more on precision landing systems and navigational aids.
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