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Instrument Landing System Market Report 2023-2032: Market Size, Demand And Forecast | Thales Group, Collins Aerospace, Honeywell International, Universal Avionics Systems Corporation, Calzoni SRL.
Instrument Landing System Market
The Business Research Company's Instrument Landing System Global Market Report 2023 identifies The increasing air traffic as the major driver for the Instrument Landing System market's growth in the forecast period. 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. The increased air traffic increases the need for safer landings, which can be ensured by instrument landing systems.
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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Major competitors in the Instrument Landing System market are Thales Group, Collins Aerospace, Honeywell International, Universal Avionics Systems Corporation, Calzoni SRL.
A key trend in the Instrument Landing System market includes Technological advancements. Major companies in the market are launching new technologies to sustain their position in the market. For instance, in October 2021, Safran Landing Systems, a France-based designer and manufacturer of aircraft landing gear, wheels, and breaks, launched 'Landing Life' a single brand for providing a one-stop solution related to landing gears, breaks, wheels, and associated systems.
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The Instrument Landing System market is segmented -
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.
4. 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.
The Business Research Company's "Global Instrument Landing System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Instrument Landing System Market
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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