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Global Instrument Landing System Market Growth Prospects, Future Industry Landscape 2032 | Thales Group, Collins Aerospace, Honeywell International, Universal Avionics Systems Corporation
Instrument Landing System Market
Instrument Landing System Market Size, Growth Rate, And Forecast
The global instrument landing system market size is expected to grow from $1.59 billion in 2022 to $1.69 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The instrument landing system market size is expected to grow to $2.13 billion in 2027 at a CAGR of 5.9%.
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Instrument Landing System Market Drivers
The increasing air traffic is expected to propel the growth of the instrument landing system market going forward. Air traffic is the number of aircraft traveling in the air at one time. Due to reduced COVID-19 restrictions and the increased affordability of air travel, more people are traveling by air as compared to previous years.
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Instrument Landing System Market Segments
1) By Type: Category I, Category II, Category III
2) By Technology: Light-Emitting Diode (LEDs), Incandescent Lamps
3) By Application: Civil Airport, Military Airport
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Instrument Landing System market.
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Instrument Landing System Market Key Players
Major players in the instrument landing system market are Thales Group, Collins Aerospace, Honeywell International, Universal Avionics Systems Corporation, Calzoni SRL, ADB Safegate BVBA, Multi Electric Manufacturing Inc., Airport Lighting Specialists, Airport Lighting Company, ATG Airports Limited, Astronics Corporation, Saab AB, Advanced Navigation & Positioning Corporation, Systems Interface Limited, and L3Harris Technologies Inc.
The Business Research Company's "Global Instrument Landing System Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Instrument Landing System Market Include:
1. Executive Summary
2. Instrument Landing System Market Characteristics
3. Instrument Landing System Market Trends And Strategies
4. Instrument Landing System Market - Macro Economic Scenario
5. Instrument Landing System Market Size And Growth
……
27. Instrument Landing System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Instrument Landing System Market
29. Instrument Landing System Market Future Outlook and Potential Analysis
30. Appendix
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