Global Instrument Landing System and Visual Landing Aids Market 2016-2020
Published: Jan 2016 | Pages: 72 | SKU: IRTNTR7840 |
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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Table of Contents
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Offerings of the top vendors
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Market share by system
- Global ILS market
- Global VLA market
PART 09: Geographical segmentation
- Geographical segmentation by market share
- ILS and VLA market in APAC
- ILS and VLA market in Americas
- ILS and VLA market in EMEA
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
- Competitive scenario
- Key vendors
- Other prominent vendors
- Astronics
- Honeywell
- Rockwell Collins
- Thales
- Universal Avionics
PART 16: Appendix
- List of abbreviations
PART 17: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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