Instrument Landing System and Visual Landing Aids: Global Strategic Business Report

Global Instrument Landing System and Visual Landing Aids Market to Reach $4.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Instrument Landing System and Visual Landing Aids estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2027, growing at a CAGR of 5.3% over the period 2020-2027. Instrument Landing Systems (ILS), one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Visual Landing Aids (VLA) segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $886.1 Million, While China is Forecast to Grow at 5% CAGR

The Instrument Landing System and Visual Landing Aids market in the U.S. is estimated at US$886.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$762.4 Million by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Select Competitors (Total 14 Featured) -

• ADB Safegate BVBA
• Advanced Navigation and Positioning Corporation (ANPC)
• Airport Lighting Company
• Airport Lighting Specialists
• API Technologies Corporation
• Astronics Corporation
• atg airports limited
• Calzoni S.R.L
• Honeywell International, Inc.
• Multi Electric Manufacturing, Inc.
• Rockwell Collins, Inc.
• Saab Sensis
• Systems Interface Ltd.
• Thales Group
• Universal Avionics System Corporation

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
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• Complimentary updates for one year