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Instrument Landing System And Visual Landing Aids Market to Grow at 5.6% CAGR, Reaching $2.97 Billion by 2029
Instrument Landing System And Visual Landing Aids
Instrument Landing System And Visual Landing Aids Market Outlook: How is the Market Expected to Grow by 2025?
Recent years have seen a substantial growth in the size of the instrument landing system and visual landing aids market. Currently valued at $2.27 billion in 2024, it is projected to rise to $2.39 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth during the historical period include increased air traffic, enhanced safety regulations, a higher demand for augmented airport capacities, elevations in aviation safety standards, and operations that are dependent on weather conditions.
Instrument Landing System And Visual Landing Aids Market Forecast: What Size Will It Reach By 2029?
Expected to undergo substantial growth in the near future, the market for instrument landing systems and visual landing aids is projected to be worth $2.97 billion by 2029, with a compound annual growth rate (CAGR) of 5.6%. The forecast period's growth is primarily due to factors such as an increase in air travel, the expansion of emerging markets, the implementation of airspace modernization initiatives, remote and unmanned operations, and an intensified focus on precision approaches. Crucial trends to watch in the forecast period encompass cat ii/iii autoland systems, LED and improved lighting systems, satellite-based landing systems, AI-driven decision support, and integrated approach systems.
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Which Key Market Drivers Will Shape Instrument Landing System And Visual Landing Aids Industry Trends in 2025-2029?
The growth of the instrument landing system, and virtual landing aids market, is projected to be fueled by the escalating air traffic. In aviation, air traffic denotes the number of aircraft flying within an area or a specific route. The instrument landing system (ILS) and virtual landing aids (VLA) play a pivotal role in aiding pilots during the landing procedure, notably in conditions of poor visibility. For example, the Bureau of Transportation Statistics, a government agency based in the US, mentioned in a report in March 2023, that US airlines in 2022 carried 194 million more passengers compared to 2021, a surge by 30% year on year. Consequently, the climb in air traffic is propelling the growth of the instrument landing system and virtual landing aids market.
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What Are the High-Growth Segments in the Instrument Landing System And Visual Landing Aids Market?
The instrument landing system and visual landing aids market covered in this report is segmented -
1) By Type: Instrument Landing System CAT I, Instrument Landing System CAT II, Instrument Landing System CAT III
2) By Visual Landing Aid: Runway Lighting, Taxiway Lighting, Approach Lighting
3) By Technology: Light-Emitting Diode (LEDs), Incandescent Lamps
4) By Operation: International Airport, Medium Airport, Small Airport
Subsegments:
1) By Instrument Landing System CAT I: Precision Approach Procedures, Minimum Decision Height (MDH) Of 200 Feet
2) By Instrument Landing System CAT II: Precision Approach Procedures, Minimum Decision Height (MDH) Of 100 Feet, Enhanced Autoland Systems
3) By Instrument Landing System CAT III: CAT IIIA, CAT IIIB, CAT IIIC
Which Global Trends Are Driving Instrument Landing System And Visual Landing Aids Market Expansion?
Leading businesses in the instrument landing system and virtual landing aids market are forming strategic alliances to enhance precision landing features. The aim of these joint ventures is to incorporate sophisticated navigation technology, streamline procedures, and cater to the increasing need for safer and more efficient landing systems in the aviation sector. For instance, in June 2022, NPO RTS, a service provider and producer of navigational aids from Russia, teamed up with the Airports Authority of India (AAI), a statutory body from India. Their partnership aims to improve aviation safety and infrastructure in India by focusing on the implementation and upgrading of Instrument Landing Systems (ILS), which are fundamental for ensuring safe aircraft landings, particularly under harsh weather conditions.
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Who Are the Fastest-Growing Companies in the Instrument Landing System And Visual Landing Aids Industry?
Major companies operating in the instrument landing system and visual landing aids market include 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, Airport Lighting Specialists Pty. Ltd.
What Is the Regional Outlook for the Instrument Landing System And Visual Landing Aids Market by 2029?
Asia-Pacific was the largest region in the instrument landing system and virtual landing aids market in 2024. North America is expected to be the fastest-growing region in the instrument landing system and virtual landing aids market report during the forecast period. The regions covered in the instrument landing system and visual landing aids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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