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
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and a Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 232 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 3 Billion |
Forecasted Market Value ( USD | $ 4.3 Billion |
Compound Annual Growth Rate | 5.3% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
A selection of companies mentioned in this report includes:
- 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