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Instrument Landing System And Visual Landing Aids Market 2023 Opportunity Assessment, Latest Trends, Share Analysis And Forecast To 2032
Instrument Landing System And Visual Landing Aids Market
The Business Research Company's Instrument Landing System And Visual Landing Aids Global Market Report 2023 identifies increasing air traffic as the major driver for the Instrument Landing System And Visual Landing Aids Market's growth in the forecast period. The instrument landing system (ILS) and virtual landing aids (VLA) are crucial components in aircraft that aid pilots throughout the landing process, particularly in low-visibility circumstances.
The global instrument landing system and visual landing aids market is expected to grow from $2.02 billion in 2022 to $2.17 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 market size of global instrument landing system and visual landing aids is expected to reach $2.74 billion in 2027 at a CAGR of 6.1%.
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Major competitors in the Instrument Landing System And Visual Landing Aids Market are Astronics Corporation, Honeywell International Inc., Lufthansa Systems, NEC Corporation, Eaton, Thales Group, Collins Aerospace, Hella KGaA Hueck & Co., Groupe ADP, Vaisala Oyj, Universal Avionics Systems Corporation, SAAB Sensis, Aeronautical & General Instruments Limited, Indra Navia AS, Carmanah Technologies Corp., OCEM Airfield Technology., Aeronav Group, Navtech Radar, ATG Airports Ltd., Airport Lighting Company, Flight Light Inc., Systems Interface Ltd., Airfield Lighting Systems, Airsafe Airport Equipment Co. Ltd., EFLA Oy, IFALPA, and Airport Lighting Specialists Pty. Ltd.
A key trend in the Instrument Landing System And Visual Landing Aids Market includes Product innovations. Major companies operating in instrument landing systems and virtual landing aids market are focused on developing innovative products to sustain their position in the market. For instance, in March 2021, TKH Airport Solutions B.V., a Netherland-based aerospace company, launched a new product family of elevated airfield ground lights. These lights include an optional heated front glass for usage in cold areas and can be equipped with a circling guide light on top of the fixture, allowing the aircraft pilot to identify the runway in the event of a circling approach..
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The Instrument Landing System And Visual Landing Aids Market is segmented -
By Type: Instrument Landing System CAT I, Instrument Landing System CAT II, Instrument Landing System CAT III
By Visual Landing Aid: Runway Lighting, Taxiway Lighting, Approach Lighting
By Technology: Light-Emitting Diode (LEDs), Incandescent Lamps
By Operation: International Airport, Medium Airport, Small Airport
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Instrument Landing System And Visual Landing Aids Market.
The Business Research Company's "Global Instrument Landing System And Visual Landing Aids 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 And Visual Landing Aids Market Include:
1. Executive Summary
2. Instrument Landing System And Visual Landing Aids Market Characteristics
3. Instrument Landing System And Visual Landing Aids Market Trends And Strategies
4. Instrument Landing System And Visual Landing Aids Market - Macro Economic Scenario
5. Global Instrument Landing System And Visual Landing Aids Historic Market Size and Growth
……
32. Global Instrument Landing System And Visual Landing Aids Market Competitive Benchmarking
33. Global Instrument Landing System And Visual Landing Aids Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Instrument Landing System And Visual Landing Aids Market
35. Instrument Landing System And Visual Landing Aids Market Future Outlook and Potential Analysis
36. Appendix
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