Global Instrument Landing System and Visual Landing Aids Market 2016-2020

January 13, 2016
SKU:
IRTNTR7840
This market research report presents a detailed segmentation of the global instrument landing system and visual landing aids market by system types such as ILS and VLA. It provides a market share analysis for key geographies including the Americas, APAC, and EMEA. The key vendors analyzed in this report are Astronics, Honeywell, Rockwell Collins, Thales, and Universal Avionics.

Market outlook of instrument landing system and visual landing aids

Technavio’s market research analyst predicts the global instrument landing system and visual landing aids market to grow at a CAGR of around 6% during the forecast period. The growing investments in smart airports worldwide are driving the growth of this market. The smart airport initiative, a joint program of IATA and ACI, is designed to increase the efficiency and profitability of airports, prevent risks and threats, thus enabling safe flight and airport operations, and limiting the inconvenience to the passengers. For instance, Changi Airport in Singapore, Heathrow International Airport in London, and Incheon International Airport in South Korea are some major airports that have adopted the smart technology.

However, the large installation and maintenance costs associated with these systems is expected to pose challenges to the market growth during the forecast period. The installation cost of the ILS is higher due to the complexity of antenna systems and siting criteria. For instance, the cost of the lighting system varies between USD 800,000 to USD 20,000,000, depending upon the length and type of runway.

Market segmentation by system and analysis of instrument landing systems and visual landing aids

  • Instrument landing system (ILS)
  • Visual landing aids (VLA)

ILS accounted for around 71% of the market share during 2015. The market growth of this segment is driven by the high investments in the airports for advanced technology runway lighting systems. These systems are also highly durable against atmospheric disturbances. The report projects this segment to reach a market value of around USD 1 billion by the end of 2020.

Geographical segmentation of the instrument landing system and visual landing aids market

  • Americas
  • APAC
  • EMEA

APAC dominated the market during 2015, with a market share of around 37%. The increase in the development of airports in this region due to the increasing passenger traffic is driving the market growth in this region. For instance, during 2015, around USD 191 billion has been invested in the development of airports, airfields, and runways in this region. The report predicts the market in APAC to reach a market value of around USD 657 million by the end of 2020.

Competitive landscape and key vendors

The global instrument landing system and visual landing aids market is highly competitive with vendors competing on the basis of cost, product quality, reliability, and aftermarket service. The competitive environment of this market is expected to intensify further due to an increase in R&D, innovations, and mergers and acquisitions during the forecast period.

The key vendors in the market are -

  • Astronics
  • Honeywell
  • Rockwell Collins
  • Thales
  • Universal Avionics

The other prominent vendors in the market include ADB Airfield Solutions, Advanced Navigation & Positioning, Airport Lighting Specialists, Liberty Airport Systems, and Saab Sensis.

Key questions answered in the report

  • What are the key factors driving the global instrument landing system and visual landing aids market?
  • What are the key market trends impacting the growth of the global instrument landing system and visual landing aids market?
  • What are the various opportunities and threats faced by the global instrument landing system and visual landing aids market?
  • Trending factors influencing the market shares for EMEA, APAC, and the Americas?
  • Key outcome of the five forces analysis on the global instrument landing system and visual landing aids market?
  • Growth forecast of the global instrument landing system and visual landing aids market until 2020?

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