The Instrument landing system and visual landing aids 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 report provides key statistics for the forecast period provides in-depth insights with regards to the instrument landing system & visual landing aids market.

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This report provides market analysis of the ILS and VLA market for the next six years. It explains market and technology trends to gain competitive market intelligence. The market share of the leading companies in this market has been covered under competitive analysis. The impact of drivers and restraints has been analyzed and their impact on this market has been listed to provide an in-depth insight of the market.

The ILS and VLA market is highly competitive, with a limited number of market players. This report studies the growth strategies adopted by the key market players. The strategies adopted by the players to expand their global presence and increase their market share includes partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, and new product launches.

Runway incursion leads to increase in risk of serious collision for the aircraft on ground. It increases the risk of significant aircraft damage and poses threat to human life. Increasing runway incursion is a serious safety concern. Runway incursions can occur in all visibility and weather conditions. Visual landing aids play a major role in preventing runway incursions as they ensure that appropriate navigational aids (ILS, AGL, PAPIs) and surface markings are maintained in accordance with ICAO standards and helps the aircraft to promote the accurate landing/touchdown operations. Runway incursions can also be prevented from occurring by using efficient visual landing aids on the airport and with efficient taxiway design.

Of the regions considered for this market, Asia-Pacific contributes the largest portion of the market share of the total ILS and VLA market. Since, APAC being the largest growing economies in the world, also the increase in the number of fleet may lead to airfield congestion at the busiest airports in this region. To tackle this problem there will be a need to direct the taxing operations effectively. For new airports, there will be a need to construct the runways and taxiway in accordance with FAA/ICAO standards.

The ILS categories vary depending on the altitude and runway visibility at which they land. CAT I accounted for the largest market size of the instrument landing systems market at an estimated $400.74 million in 2014 and is expected to grow at a high CAGR of 5.20% from 2014 to 2020. The rising passenger traffic, need for increased runway operational efficiency, airport development and expansion in emerging economies are key factors stimulating growth in the instrument landing systems market.