Global Instrument Landing System and Visual Landing Aids Market 2016-2020

Market outlook of instrument landing system and visual landing aids

Technavio’s market research analyst predicts the global instrument landing system and visual landing aids market to grow at a CAGR of around 6% during the forecast period. The growing investments in smart airports worldwide are driving the growth of this market. The smart airport initiative, a joint program of IATA and ACI, is designed to increase the efficiency and profitability of airports, prevent risks and threats, thus enabling safe flight and airport operations, and limiting the inconvenience to the passengers. For instance, Changi Airport in Singapore, Heathrow International Airport in London, and Incheon International Airport in South Korea are some major airports that have adopted the smart technology.

However, the large installation and maintenance costs associated with these systems is expected to pose challenges to the market growth during the forecast period. The installation cost of the ILS is higher due to the complexity of antenna systems and siting criteria. For instance, the cost of the lighting system varies between USD 800,000 to USD 20,000,000, depending upon the length and type of runway.

Market segmentation by system and analysis of instrument landing systems and visual landing aids

• Instrument landing system (ILS)
• Visual landing aids (VLA)