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Instrument Landing System & Visual Landing Aids Market - Forecasts & Analysis 2014

Instrument Landing System & Visual Landing Aids Market: Forecasts & Analysis

  • January 2015
  • 184 pages
  • ID: 2673132
In this report:
Instrument landing systems and visual landing aids market - $##,##..## million 2014 , a ##.##% increase from 2013 Market growth is attributed to the runway safety improvements and construction & modernization of airports Emerging economies such as India and China, offers several untapped opportunities Geographic expansion in emerging markets offers lucrative opportunities for the market players in next six years

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The ILS and VLA market is forecasted to be ~$1152.2M in 2014 and is estimated to register a compound annual growth rate (CAGR) of ~5.5 percent to reach ~$1680.8M by 2020.

This market report offers a market analysis of the ILS and VLA market over the upcoming six years. It includes the study of drivers, opportunities, market restraints, and burning issues that impacts the aviation sector. It also considers the industrial value-chain & supply-chain, porters five force model and technology trends that currently prevail in the ILS and VLA market.

It tracks, studies, and lays out the market size of main aviation spenders in each area and offers the market share by ILS Categories and types of VLA. It also analyses the market share by VLA, by technology; LEDs and Incandescent Lamps, being embedded in the runway or taxiways lights.

This business report offers information of the leading competitors in the ILS and VLA market; it also offers details on their financial positions, top products, their unique selling points, and main developments. This market research classifies the overall market based on ILS Category, VLA, VLA by technology, by localities, and by territories, together with forecasting market size, segment market share, and analyzing trends in each of the sub markets.

All the percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the industries included in this research study have been viewed in extensive detail, verified through primary research, and analysed to procure the final quantitative and qualitative data. This data is consolidated and added with in-depth inputs and review from MarketsandMarkets, and is presented in this industry report.

The percentage split-ups of the segments categorized under the overall market were used to arrive at the market sizes of each of the individual segments of the end-user verticals. The ILS market has been classified by types of categories and territory. Therefore, info was triangulated among three main categories established on their market sizes by ILS categories, area, and company revenue.

With the economic recovery and strong consumer sentiment, the ILS and VLA market is slowly finding its way. The optimization of the runway and runway safety programs underway are poised to drive the market demand. The modernization of airports and upgrading from CAT I to CAT II/III requires more visual landing aids is anticipated to fuel the industry demand for ILS and VLA market.

Of the areas considered for this sector, Asia Pacific (APAC) provides the biggest portion of the market share of the total market. In the Asia Pacific (APAC) area among the existing airports, the CAT I facility is widely used. As a part of airport modernizations project undertaken at majority airports, the CAT I are replace by CAT II/CAT III approach for safe landing during poor weather conditions. Due to the replacement of CAT I by CAT II/CAT III, the market value for these landing systems will grow at a compound annual growth rate (CAGR) of 5.01% during the forecast horizon.

The ILS and VLA market is a diversified and competitive market with a few market actors. This industry is leaded by, is monopolized by firms established on their core competencies. Top players in this sector contain Astronics Corporation, ADB Airfield Solutions, Honeywell International, ATG Airports, and Multi Electric Manufacturing, Inc.

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