Press release
All-Weather Landing System Market 2024-2033: Analysis, Trends & Growth Forecast
The all-weather landing system market size has grown strongly in recent years. It will grow from $1.56 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to globalization and trade, regulatory changes, customer expectations, and environmental concerns.The all-weather landing system market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to e-commerce growth, automation and robotics, data analytics and AI, urbanization and population growth, and sustainability initiatives. Major trends in the forecast period include the integration of IoT, multi-modal solutions, collaborative logistics networks, and security enhancements.
Market Overview -
An all-weather landing system refers to a set of technologies and procedures used in aviation to enable aircraft to land safely in various weather conditions, including low visibility situations such as fog, rain, snow, or darkness. These systems typically incorporate a combination of advanced instrumentation, ground-based navigation aids, and aircraft equipment to guide pilots during the approach and landing phases.
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Increasing Air Passenger Numbers Driving Growth In The All-Weather Landing System Market
The increasing number of air passengers is expected to propel the growth of the all-weather landing system market going forward. Air passengers are individuals who travel on commercial or private aircraft as passengers. The increased number of air passengers is due to economic growth, expanding travel opportunities, and improved accessibility to air transportation services. Air passengers utilize all-weather landing systems to ensure safer and more reliable landings even in adverse weather conditions, enhancing overall flight accessibility and operational efficiency. For instance, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), in 2022, the European Union witnessed a significant surge in air travel, with the total number of passengers reaching 820 million, an increase of 119.3% compared to 2021. Therefore, increasing air passengers is expected to propel the all-weather landing system market.
Competitive Landscape -
Major companies operating in the all-weather landing system market are Raytheon Technologies Corporation, Honeywell International Inc., NEC Corporation, Collins Aerospace, L3Harris Technologies, Leonardo S.p.A., Thales Defense & Security Inc., Teledyne Technologies Incorporated, Indra Navia AS, Indra Sistemas S.A., Saab AB, Cobham plc, Sierra Nevada Corporation, Astronics Corporation, Universal Avionics Systems Corporation, ADB SAFEGATE, OCEM Airfield, Systems Interface Limited, Advanced Navigation and Positioning Corporation, Mopiens Inc.
Innovations In Advanced Aircraft Technology Enhancing Safety And Precision
Major companies operating in the all-weather landing system market are developing advanced aircraft vision technology solutions, such as helicopter vision suites for military helicopters, to serve customers with advanced features better. The helicopter vision suite for military helicopters is an innovative helicopter vision suite that enables pilots to see through the body of the aircraft, providing them with a real-time, clear, colored wide field of view during day and night, in challenging weather and visibility conditions. For instance, in July 2022, Elbit Systems, an Israel-based military technology company, launched a helicopter vision suite for military helicopters. This advanced suite integrates a state-of-the-art sensor array, an AI-driven mission computer, and an innovative helmet-mounted display (HMD) system. With this new suite, helicopter pilots can peer through the aircraft's structure, offering them a real-time, vividly colored wide field of view even in adverse weather and visibility conditions, day and night.
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Key Segments -
The all-weather landing system market covered in this report is segmented -
1) By Components: Hardware, Software
2) By Type: Microwave Landing System (MLS), Ground-Based Augmentation System (GBAS), Instrument Landing System (ILS)
3) By Airport: Commercial Service Airport, Non-Commercial Service Airport
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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