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 Size
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.
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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.
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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.
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