PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269650
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269650
Global All-weather landing system Market is valued approximately USD 1.43 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.91 % over the forecast period 2022-2029. All-weather landing system is a precision runway approach aid which provides accurate azimuth & guidance signals to aircraft for landing on the runway under conditions or adverse weather conditions. The All-weather landing system market is expanding because of factors such as increased number of flights and frequently changing environmental conditions.
All weather landing systems provide precision navigation guidance for exact alignment and descent of aircraft on approach to a runway and hence assist in aircraft's landing, which also includes blind landings. Its prevalence has progressively increased during the last few decades. According to the Statista, the number of flights performed globally by the airline industry increased steadily and reached 38.9 million in 2019. Furthermore, in 2020, China accounts largest worldwide commercial air travel market, with over 417.2 million passengers boarding aircrafts registered to Chinese airlines. The next major market was the United States, with 370 million passengers, followed by the Europe, having 190 million passengers. Another important component driving space increase is frequently changing environmental conditions. According to Statista, Ipsos survey indicates that 37 percent of respondents believed the most concerning environmental issue facing the world is climate change. Air pollution was the second most important environmental issue around the world. In addition, Air travel fatalities have been recorded in each of the last 16 years, with a total of 176 deaths in 2021 due to air crashes. Also, rising focus on runway safety and increasing modernization processes at airports would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of All-weather landing system stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global All-weather landing system Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of key market players in the region. According to the Statista, in 2019, North America accounted for over 1.2 billion U.S. dollars in the global flight data monitoring market. In that same year, the global flight data monitoring market was worth more than 3.8 billion U.S. dollars. Furthermore, Europe is expected to grow with a highest CAGR during the forecast period, owing to technological advancement, and active participation of government organizations in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable