Press release
Robust Growth Predicted In Instrument Landing System Market, Clocking 6.1% CAGR By 2029 Due To Advancements In Navigation System
Instrument Landing System Market
What Is The Projected Market Size Of The Global Instrument Landing System Market And Its Growth Rate?
The instrument landing system market has been witnessing impressive growth in recent years. Key statistics include:
• 2024 Market Size: $1.78 billion
• 2025 Market Size: $1.9 billion (6.5% CAGR)
• 2029 Market Size forecast: $2.4 billion (6.1% CAGR)
The market growth can be attributed to factors including aviation safety improvements, global air traffic growth, advancements in radio navigation, airport modernization projects, military and civilian aviation integration.
What Is Driving The Growth In The Instrument Landing System Market?
The growth of the instrument landing system market is propelled by the increasing air traffic. With relaxed COVID-19 restrictions and increased affordability of air travel, the number of people taking flight journeys has surged. Increased air traffic has amplified the need for safer landings ensured by instrument landing systems. For instance, the International Civil Aviation Organization (ICAO) recorded a 65% increase in the number of passengers and a 30% hike in flight departures from January to April 2022 compared to the same period in 2021. This trend is expected to continue, driving the expansion of the instrument landing system market.
Request A Free Sample Copy
https://www.thebusinessresearchcompany.com/sample.aspx?id=7938&type=smp
Who Are the Key Players Driving Instrument Landing System Market Growth?
• Thales Group
• Collins Aerospace
• Honeywell International Inc.
• Universal Avionics Systems Corporation
• Calzoni SRL
• ADB Safegate BVBA
• Multi Electric Manufacturing Inc.
• Airport Lighting Specialists
• ATG Airports Limited
• Astronics Corporation
• Saab AB
• Advanced Navigation & Positioning Corporation
• Systems Interface Limited
• L3Harris Technologies Inc.
• Lufthansa Systems GmbH & Co. KG
• NEC Corporation
• Indra Navia AS
• API Technologies Corp.
• Liberty Airport Systems Inc.
• Azimut JSC
• BAE Systems PLC
• Cobham PLC
• Frequentis AG
• Harris Corporation
• Intelcan Technosystems Inc.
• Leonardo S.p.A.
• Northrop Grumman Corporation
• Raytheon Company
• Rockwell Collins Inc.
What Are The Key Trends In The Instrument Landing System Market?
Key trends in the instrument landing system market include:
• Transition to precision landing systems
• Integration of global navigation satellite systems (GNSS)
• Implementation of dual-frequency ILS
• Upgradation of existing ILS infrastructure
• Adoption of led technology in ILS components
• Collaboration for standardization
What Are The Segments Of The Global Instrument Landing System Market?
• By Type: Category I, Category II, and Category III
• By Technology: Light-Emitting Diode (LEDs), Incandescent Lamps
• By Application: Civil Airport, Military Airport
Which Region Leads The Instrument Landing System Market?
North America was the largest region in the instrument landing system market in 2024. The regions explored in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the report for swift delivery:
https://www.thebusinessresearchcompany.com/report/instrument-landing-system-global-market-report
What Is Covered In The Instrument Landing System Market Global Market Report?
- Market Size Analysis: Analyze the Instrument Landing System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Instrument Landing System Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Instrument Landing System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Instrument Landing System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=7938&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
With over 15,000+ reports spanning 27 industries and including 60+ geographies, The Business Research Company is known for offering comprehensive, data-rich research and insights. Its flagship product, the Global Market Model (GMM), is a cutting-edge market intelligence platform that offers detailed and updated forecasts for informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Robust Growth Predicted In Instrument Landing System Market, Clocking 6.1% CAGR By 2029 Due To Advancements In Navigation System here
News-ID: 3822431 • Views: …
More Releases from The Business research company
Growing Demand For Agricultural Products Fuels Drip Irrigation Market Expansion: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Drip Irrigation Industry Market Size Be by 2025?
The scale of the drip irrigation market has seen swift expansion in the last few years. It is projected to escalate from a value of $7.31 billion in 2024, reaching $8.05 billion by 2025, with a compound annual…
The Retail Industry Boom Flourishes The Electronic Weighing Machine Market Growt …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Electronic Weighing Machines Market Size By 2025?
The market size of electronic weighing machines has been steadily increasing over the past few years. It is projected to expand from $4.05 billion in 2024 to $4.21 billion in 2025, exhibiting a compound annual growth rate (CAGR)…
Cooling Tower Market Expected to Achieve 5.4% CAGR by 2029: Growth Forecast Insi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Cooling Tower Market Size By 2025?
The size of the cooling tower market has seen a slight enlargement in the past years. It is set to rise from a valuation of $3.46 billion in 2024 to $3.52 billion in 2025, with a compound annual growth…
Future of the Data Center Cooling Market: Trends, Innovations, and Key Forecasts …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Data Center Cooling Market Size Growth Forecast: What to Expect by 2025?
The expansion of the data center cooling market has been swift in the previous years. The market value is projected to elevate from $16.97 billion in 2024 to $19.5 billion in 2025, experiencing a compound annual growth…
More Releases for Instrument
Market Unveiling Promising Growth with Major Giants| National Instrument, GS Ins …
The latest released on Global Digital Network Analyzers Market delivers a comprehensive data ecosystem with a 360° view of customer activities, segment-based analytics-and-data to drive opportunities of evolving Digital Network Analyzers marketplace and future outlook to 2029. It includes integrated insights into surveys conducted with executives and experts from leading institutions across various countries. Some of the listed companies profiled in the report are Keysight Technologies, Rohde & Schwarz, Anritsu,…
Cutting-Edge Clarify Tester for Analysis | NANBEI, BIOBASE GROUP, FAITHFUL Instr …
Clarify Tester Market 2023 Forecast: Unveiling Opportunities and Growth
Clarify Tester market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Clarify Tester market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give users an extensive viewpoint of the…
Global Automotive Instrument Cluster Market
All of the top selling models in Europe feature hybrid instrument cluster.
The 2 wheelers are sold in high numbers in Asia region, account for a sizeable instrument cluster market volume in the region.
The digital instrument cluster market accounts for a small share of the market but has been growing at the fastest rate,especially in China.
VW now offers biggest range of Digital instrument cluster starting from Polo, Golf, to…
Hv Instrument Transformers Market 2025: Top Key Players Hengyang Nanfang Instrum …
HV Instrument Transformers Market: Introduction
HV instrument transformers or high voltage instrument transformers are designed to measure and convert high current and high voltage to low current and low voltage according to the transformer ratio. HV instrument transformers are used in AC systems for the measurement of electrical quantities, such as current, voltage, power, energy, power factor and frequency. HV instrument transformers are essential constituents for the safe and efficient operation…
Hv Instrument Transformers Market Participants Siyuan Electric Co. Ltd Hengyang …
HV Instrument Transformers Market: Introduction
HV instrument transformers or high voltage instrument transformers are designed to measure and convert high current and high voltage to low current and low voltage according to the transformer ratio. HV instrument transformers are used in AC systems for the measurement of electrical quantities, such as current, voltage, power, energy, power factor and frequency. HV instrument transformers are essential constituents for the safe and efficient operation…
Global Beauty Instrument Market 2018 Stryker, Medtronic, Johnson & Johnson, Beau …
Beauty Instrument Market Summary
Global Beauty Instrument Market Size, Share, Growth, Trends, Regional Outlook, and Forecasts, 2018 - 2025' to its vast database of research reports. This intelligence study focuses on the current market trends and development patterns, in order to assist the new entrants in discovering market opportunities and develop effective ways to expand their presence in the global market.
Get a Sample PDF Report : https://is.gd/tjJnMl
This research report provides…
