6750.24E - Instrument Landing System and Ancillary Electronic Component. This order specifies the instrument landing system (ILS) and ancillary electronic component configuration and performance requirements for the various categories of low-visibility flight operations.
The article cited AMA's "Global Instrument Landing System Market Study" explored CAGR of 6.8%. According to the report, Modernization of Airports across the Globe is one of the primary growth factors for the market. Increasing Number of Aircraft Globally
is also expected to contribute significantly to the Instrument Landing System market. Overall, Civil Airport
applications of Instrument Landing System, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Components, such as Ground Equipment, is boosting the Instrument Landing System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Instrument Landing System market identified that the demand is rising in many different parts of the world as "Growing Number of Airports in Developing Regions
". Furthermore, some recent industry insights like "In June 20, 2022, Abu Dhabi Airports debuted its Advanced Surface Movement Guidance and Control System (A-SMGCS) (AUH) at Abu Dhabi International Airport,. This system is the first most advanced in the Middle East and recent illustration of aviation company's commitment for utilizing cutting-edge technology to provide its customers with greater safety, efficiency, and sustainability to ensure a flawless travel experience." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Instrument Landing System market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Instrument Landing System market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Instrument Landing System market size is calculated using market estimation process, the Instrument Landing System market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Instrument Landing System market size has been validated using both top-down and bottom-up approaches.