The report, now available on ASDReports, recognizes the following companies as the key players in the Global Instrument Landing System and Visual Landing Aids Market: Astronics, Honeywell, Rockwell Collins, Thales and Universal Avionics
Other Prominent Vendors in the market are: ADB Airfield Solutions, Advanced Navigation & Positioning, Airport Lighting Specialists, Liberty Airport Systems, and Saab Sensis.
Commenting on the report, an analyst said: “The integration of autopilot landing systems with the aircraft is the latest trend and is expected to result in safer landing and avoid airline accidents. The system allows for safer aircraft landing even in limited visibility and bad weather conditions. Such systems are being used extensively at airports that witness heavy snow, rain, or dense fog. The introduction of Synthetic Vision Avionics Backbone (SVAB) and next-generation En Route Automation Modernization (ERAM) are some key trends in the market.”
According to the report, the growing demand for air travel witnessed by airports is a key driver of the market. For example, in 2013, there was a steady increase in air traffic globally, approximately 5% more than in 2012. Airports in Atlanta, Beijing, London, Dubai, and Hong Kong had the highest passenger traffic in the same year.
Further, the report states that the high cost associated with installation of runway lighting systems is a major challenge for airlines since the industry has low profit margins.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Jan 18, 2016