The all-weather landing system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
All-Weather Landing System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of All-Weather Landing System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
All-Weather Landing System Market Overview
Market Drivers –
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.
Market Trends –
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.
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
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Regional Insights –
North America was the largest region in the all-weather landing system market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the all-weather landing system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. All-Weather Landing System Market Report Structure
3. All-Weather Landing System Market Trends And Strategies
4. All-Weather Landing System Market – Macro Economic Scenario
5. All-Weather Landing System Market Size And Growth
…..
27. All-Weather Landing System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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