Lewes, DE -- (SBWIRE) -- 01/19/2016 -- Report forecast the global instrument landing system and visual landing aids market to grow at a CAGR of 5.54% during the period 2016-2020.

Instrument landing systems (ILSs) and visual landing aids (VLAs) are ground-based instrument approach and flight deck lighting control systems that provide precise guidance to aircraft approaching or landing on a runway. The systems provide visual cues to pilots, enabling safer flight and landing operations.

The report covers the present scenario and the growth prospects of the global instrument landing system and visual landing aids market for the period 2016-2020.

The report provides a comprehensive overview and market shares, market segmentation by system, and growth prospects by region (the Americas, APAC, and EMEA). It also presents the market landscape and a corresponding analysis of the five major vendors in the market.

According to the report, the growing demand for air travel witnessed by airports is a key driver of the market. For example, in 2013, there was a steady increase in air traffic globally, approximately 5% more than in 2012. Airports in Atlanta, Beijing, London, Dubai, and Hong Kong had the highest passenger traffic in the same year.

Further, the report states that the high cost associated with installation of runway lighting systems is a major challenge for airlines since the industry has low profit margins.

Global Instrument Landing System and Visual Landing Aids Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Instrument Landing System and Visual Landing Aids Market: Astronics, Honeywell, Rockwell Collins, Thales and Universal Avionics

Other Prominent Vendors in the market are: ADB Airfield Solutions, Advanced Navigation & Positioning, Airport Lighting Specialists, Liberty Airport Systems, and Saab Sensis.

Market driver
- Growing investments in smart airports
- For a full, detailed list, view our report

Market challenge
- Disturbance in airline operations
- For a full, detailed list, view our report

Market trend
- Emergence of autopilot landing systems
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages and 35 Exhibit "Global Instrument Landing System and Visual Landing Aids Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Global aerospace and defense supply chain system, Global aerospace and defense value chain system, Market share by system, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

Find more information Visit at: http://www.marketresearchreports.com/technavio/global-instrument-landing-system-and-visual-landing-aids-market-2016-2020

Find all Aerospace report at : http://www.marketresearchreports.com/aerospace

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions