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The instrument landing system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Instrument Landing System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The instrument landing system market size has grown strongly in recent years. It will grow from <b>$1.7 billion in 2023 to $1.82 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. </b> The growth in the historic period can be attributed to aviation safety improvements, regulatory compliance requirements, global air traffic growth, advancements in radio navigation, airport modernization projects, improved all-weather operations, military and civilian aviation integration.
The instrument landing system market size is expected to see strong growth in the next few years. It will grow to <b>$2.33 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. </b> The growth in the forecast period can be attributed to reduction in landing delays, next-generation air traffic management, implementation of precision approach path indicators (papi), adoption of ground-based augmentation systems (gbas), global expansion of low-cost carriers, demand for sustainable aviation, enhanced cybersecurity measures. Major trends in the forecast period 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.
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Scope Of Instrument Landing System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Instrument Landing System Market Overview
Market Drivers –
The increasing air traffic is expected to propel the growth of the instrument landing system market going forward. 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. Therefore, the increasing air traffic drives the instrument landing system market forward. For instance, in 2022, according to the International Civil Aviation Organization (ICAO), an aviation agency of the United Nations, the number of passengers carried from January to April 2022 increased by 65% as compared to the same time period in 2021, and aircraft flight departures also increased by 30%. Therefore, the increasing air traffic is propelling the instrument landing system market forward.
Market Trends –
Technological advancements are a key trend gaining popularity in the instrument landing system market. 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. The three main goals of Landing Life are to keep aeroplanes in the air, lower the total cost of ownership, and encourage the sharing of knowledge in order to improve the user experience and customer satisfaction. Using the solution, consumers can request emergency assistance in AOG (Assistance On Ground) situations, search for information about landing, and request other landing assistance. Additionally, Landing Life offers brand-new digital services that make it easier for customers to contact the company’s experts, like “Expert Link,” a video assistance app that enables customers’ technicians to speak with Safran Landing Systems’ support teams via a tablet or even just a smartphone to discuss any problems they may be experiencing. All communications, whether on the runway or in the store, take place over a secure network.
The instrument landing system market covered in this report 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
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Regional Insights –
North America was the largest region in the instrument landing system market in 2023. The regions covered in the instrument landing system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the instrument landing system market report are 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, AUBO Robotics, Frequentis AG, Harris Corporation, Intelcan Technosystems Inc., Leonardo S.p.A., Northrop Grumman Corporation, Raytheon Company, Rockwell Collins Inc.
Table of Contents
1. Executive Summary
2. Instrument Landing System Market characterstics
3. Instrument Landing System Market Trends And Strategies
4. Instrument Landing System Market – Macro Economic Scenario
5. Global Instrument Landing System Market Size And Growth
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31. Global Instrument Landing System Market Competitive Benchmarking
32. Global Instrument Landing System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Instrument Landing System Market
34. Instrument Landing System Market Future Outlook and Potential Analysis
35. Appendix
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