DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vrqkhm/instrument) has announced the addition of the "Instrument Landing System & Visual Landing Aids Market - Forecasts & Analysis" report to their offering.
The report states that an increase in the number of airports constructed globally is a key growth driver in the Instrument Landing System and Visual Landing Aids Market.
The increase in passenger traffic compels airports to expand, create new runways, and add taxiways to optimize runway operations. However, factors such as, high installation and maintenance cost as compared to satellite-based navigation approach, which use GPS technology for precision landing restrain the growth of this market.
The ILS and VLA market is estimated to be $1152.15 million in 2014 and is projected to register a CAGR of 5.54% to reach $1680.79 million by 2020.
The year-on-year passenger growth in BRICS countries; Brazil, Russia, India, China, and South Africa is expected to be 8.60% during the forecast period, thus contributing to the highest market share for APAC by the end of the forecast period. The MINT countries; Mexico, Indonesia, Nigeria, and Turkey, are considered as the emerging economic giants, with an expected 8.80% increase in passenger growth ratio, year-on-year during the forecast period.
With the increase in fleet size, the necessity of providing safety and avoiding fatalities, airport authorities are investing more on precision landing systems and navigational aids.
- ADB Airfield Solutions, LLC
- API Technologies Corporation
- ATG Airports Ltd.
- Advanced Navigation & Positioning Corp.
- Airport Lighting Company
- Airport Lighting Specialists Pty. Ltd.
- Astronics Corporation
- Calzoni S.R.L
- Honeywell International, Inc.
- Liberty Airport Systems, Inc.
- Multi Electric Manufacturing, Inc.
- Rockwell Collins, Inc.
- SAAB Sensis Corporation
- Systems Interface Ltd.
- Thales Group
- Universal Avionics Systems Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Ground-Based Augmented System: Part of Faa's Next Generation Roadmap
8 Instrument Landing System Market, By Category
9 Visual Landing Aids Market, By Type
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/vrqkhm/instrument