Global Aircraft Landing Solutions Market- By Industry, Type, Flight Scale, Vendors and Geography - Market Trends and Forecasts (2018-2023)
Flying is considered safer than almost all other kinds of travel modes, though the effect of a flight crash is much more destructive than any other accident both in terms of human life and financial losses.
Landing accidents account for more than a third of all general aviation accidents. As per Boeings report, till now there have been more than seven hundred landing accidents which is one of the highest among crashes in different flight phases. Each year, runway accidents cost global aviation sector about one billion dollars. The primary reason behind landing accidents is due to the wrong judgment of pilot while considering various landing parameters such as speed of the aircraft, height and runway mapping and other factors.
Runway excursion is one the most common type of landing accidents wherein the plane makes inappropriate exit from the runway, and it happens mainly because of judgment error, poor visibility and even, technical faults or failure in the aircraft.
The Government and Airline industry are willing to invest in resources that are required to achieve the high level of aviation safety. Aircraft landing solutions are the prime solutions for ensuring flight landing safety, which provide flight crew with various precise parameters to enable safe landing. These solutions provide timely aural and visual warnings that increase situational awareness, and thereby, reducing the risk of runway excursions.
Landing solutions basically work with in-flight data, GPS and runway database to provide the precise speed, inclination and height for efficient and safe landing. Runways are embedded with smart lighting systems designed to provide direct indication to pilots and vehicle operators that it is unsafe to enter a runway, begin a takeoff or land, these solution enables pilot to take off and land efficiently even in adverse climatic conditions.
Increase in individual purchasing power & low airfares have made air travel affordable for masses and have highlighted the need for increase in global air safety regulations. On-time flights are becoming a necessity to maintain the customer loyalty which is affected due to delays regarding bad weather conditions. This indicates a bright future demand for a smart aircraft landing solution. The market for Aircraft Landing Solutions is projected to witness compound annual growth rate of 5.52% for the forecast period.
The factors driving the demand for aircraft landing solutions market are increased runway accidents, increased flight safety parameters, global flight safety concerns, different runway architectures, and unfavorable climatic conditions.
The key challenges with the aircraft landing solutions market are high initial investment and training pilot.
WHAT THE REPORT OFFERS
Aircraft Landing Solutions Market Overview with information on drivers and restraints In-depth Aircraft Landing Solutions Market Analysis and its applications in the industry
Identification of factors responsible for changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale
Extensively researched competitive landscape with profiles of major companies along with their market shares
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information