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 instrument landing system & visual landing aids market.

The report contains profiles of leading players involved in this market such as Astronics Corporation (U.S.), ADB Airfield Solutions (U.S.), Honeywell International (U.S.), and ATG Airports Ltd (U.K.). The report takes into account a wide range of factors and its influence on market dynamics. Increasing investments in R&D, coupled with an information flow for requirement analysis will help the market move at a steady pace. The instrument landing system and visual landing aids market report provides market analytics for more than 10 countries that are mapped in this report. Mergers & Acquisitions, partnerships and agreements are the key strategies adopted by key players for market penetration and to increase their share in this market. This strategy helped them upgrade products, which helped them garner a competitive market share.

Instrument landing system and visual landing aids report will help the stakeholders in this market unlock the business potential and identify the lucrative investment opportunities that the instrument landing system & visual landing aids Market has to offer. The bottom line is that this report extrapolates key statistics in this market.

This instrument landing system and visual landing aids market report offers market analysis for the next six years. It contains an analysis of drivers, challenges, and restraints that impacts the aviation industry. It also discusses the industry, market, and technology trends currently prevailing in the Instrument Landing System & Visual Landing Aids market. It describes the market size of the instrument landing system & visual landing aids market during the next six years, and covers the market share of different sub-sectors for each region.

Modernization of airports is a key factor that promotes the growth of the instrument landing system and visual landing aids market. Increase in air traffic has resulted in the need to expand and modernize airports to increase the airports capacity. Increase in the fleet traffic contributes to increase in the number of landing and takeoffs during day at airports. With new technology evolving both the ILS and VLA, the airports will replace their systems with new state-of-art systems in future. This will contribute to the growth of the instrument landing system & visual landing aids market.

Key Take-Aways

The instrument landing system and visual landing aids market size is expected to grow during the forecast period

Instrument Landing System CAT I has the highest business potential throughout the forecast period

Runway lights is expected to be the maximum revenue generator among the different types of visual landing aids

Runway safety improvements underway and greenfield airport projects are expected to be the major market drivers

�Never say never to one more clue to situational awareness in the approach to landing.� � Larry Ortega, Lorenzo Ortega Global Investment

Markets Covered

On the basis of Instrument Landing System Categories, By Type

Instrument Landing System CAT I

Instrument Landing System CAT II

Instrument Landing System CAT III

On the basis of Visual Landing Aids, By Type

Runway Lighting

Approach Lighting

Taxiway Lighting

On the basis of Visual Landing Aids, By Technology

LEDs

Incandescent Lamps

On the basis of Geographies

North America

Europe

Asia-Pacific

The Middle East

Rest of the World (Latin America and Africa)

STAKEHOLDERS

Aviation regulatory authorities

Government and certification bodies

Instrument Landing System manufacturers

VLA manufacturers

Original equipment manufacturers

System integrators

Aircraft operators

Passengers

The report segments the instrument landing system and visual landing aids market on the basis of ILS category, VLA types, VLA by Technology, and geographies. Further, it contains market size forecast and technological trends that are predominant in this market.

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.).

Increase in number of airports constructed globally is a key growth driver for this market. The increase in passenger traffic compels airports to expand, create new runways, and add taxiways to optimize runway operations. However, factors such as, high installation and maintenance cost as compared to satellite-based navigation approach, which use GPS technology for precision landing restrain the growth of this market.

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.