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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.
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.
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.
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 -
The other prominent vendors in the market include ADB Airfield Solutions, Advanced Navigation & Positioning, Airport Lighting Specialists, Liberty Airport Systems, and Saab Sensis.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Market share by system
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: Explore Technavio
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