Press release
Instrument Landing System & Visual Aids Market is Expected to Cross US$ 2585.98 Million by 2026 | Top Vendors: Universal Avionics Systems Corporation, Thales Group, Systems Interface, Saab Sensis Corporation, Rockwell Collins, Multi Electric Manufacturing
Global Instrument Landing System & Visual Aids market is accounted for $1364.60 million in 2017 and is expected to reach $2585.98 million by 2026 growing at a CAGR of 7.4% during the forecast period. Growing Airport Modernization Projects, Increasing Runway Safety Improvements Underway and Advancement of Ground-Based Augmentation System are some of the factors impelling the market growth. However, stringent regulatory policies and high capital investments for maintenance & installation costs are some issues restricting the market growth.Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/17198
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Instrument Landing System (ILS) is defined as a precision runway approach aid, based on two radio beams which together provide pilots with both vertical and horizontal guidance during an approach to land. Instrument landing systems and visual landing aids are ground-based instrument approach and flight deck lighting control systems that give exact supervision to aircraft approaching or landing on a runway.
Top Players:
Some of the key players profiled Instrument Landing System & Visual Aids market include Universal Avionics Systems Corporation, Thales Group, Systems Interface Ltd, Saab Sensis Corporation, Rockwell Collins, Inc, Multi Electric Manufacturing, Inc, Api Technologies Corporation, Honeywell International, Inc, Calzoni S.R.L, Atg Airports Ltd, Astronics Corporation, Airport Lighting Specialists Pty. Ltd, Liberty Airport Systems, Inc, Advanced Navigation & Positioning Corp and Adb Airfield Solutions, Llc.
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Market Segments:
Amongst lighting type, runway lighting segment held steady growth during the forecast period due to runway safety improvements underway and greenfield airport projects. By geography, Asia Pacific region is expected to register the highest market growth rate during the forecast period which can be attributed to the increasing demand for enhanced runway operational efficiency, growing passenger traffic, airport development and expansion in emerging economies.
Lighting Types covered:
• Taxiway Lighting
• Approach Lighting
• Runway Lighting
Technologies Covered:
• LEDs
• Incandescent Lamps
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