DALLAS, January 19, 2015 /PRNewswire/ --
According to a new market research report of "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", published by MarketsandMarkets, the ILS and VLA market is estimated to grow at a CAGR of 5.54%, to reach $1680.79 Million by 2020.
Browse 80 market data Tables, 77 Figures spread through 197 Pages and in-depth TOC on "Instrument Landing System & Visual Landing Aids market".
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This report provides market analysis of the Instrument Landing System and Visual Landing Aids Market for the next six years. It explains market and technology trends to gain competitive market intelligence. The market share of the leading companies in this market has been covered under competitive analysis. The impact of drivers and restraints has been analyzed and their impact on this market has been listed to provide an in-depth insight of the market.
The Instrument Landing System and Visual Landing Aids Market are 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.
Runway incursion leads to increase in risk of serious collision for the aircraft on ground. It increases the risk of significant aircraft damage and poses threat to human life. Increasing runway incursion is a serious safety concern. Runway incursions can occur in all visibility and weather conditions. Visual landing aids play a major role in preventing runway incursions as they ensure that appropriate navigational aids (ILS, AGL, PAPIs) and surface markings are maintained in accordance with ICAO standards and helps the aircraft to promote the accurate landing/touchdown operations. Runway incursions can also be prevented from occurring by using efficient visual landing aids on the airport and with efficient taxiway design.
Of the regions considered for this market, Asia-Pacific contributes the largest portion of the market share of the total Instrument Landing System and Visual Landing Aids Market. Since, APAC being the largest growing economies in the world, also the increase in the number of fleet may lead to airfield congestion at the busiest airports in this region. To tackle this problem there will be a need to direct the taxing operations effectively. For new airports, there will be a need to construct the runways and taxiway in accordance with FAA/ICAO standards.
The ILS categories vary depending on the altitude and runway visibility at which they land. CAT I accounted for the largest market size of the instrument landing systems market at an estimated $400.74 Million in 2014 and is expected to grow at a high CAGR of 5.20% from 2014 to 2020. The rising passenger traffic, need for increased runway operational efficiency, airport development and expansion in emerging economies are key factors stimulating growth in the instrument landing systems market.
The main reason for the expansion of ILS is its exceptional operational reliability and low demand on aircraft instrumentation, which can also be used by other navigation systems. ILS is highly durable against atmospheric disturbances. Installation of an ILS is costly due to complexity of antenna systems and siting criteria.
Developing countries, such as Brazil, India, Indonesia, and UAE are increasing expenditures in the aviation sector. These regions are expected to create new revenue pockets from developments in the ILS and VLA, thereby, increasing the focus of hardware and software system vendors in these emerging markets.
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The Instrument Landing System and Visual Landing Aids 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.
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.).
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