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Airport Lighting Market Analysis
Airport Lighting Market Size, Share, Trend, Forecast, & Competitive Analysis
Airport Lighting Market is Segmented by Airport Type (Commercial and Military), by Light Type (Runway Lighting, Taxiway Lighting, Approach Lighting, Apron & Hanger Lighting, Obstruction Lighting, and Others), by Position...
The airport lighting market offers a good growth opportunity and is likely to grow at >7% CAGR during the forecast period. Increasing government investment in airport infrastructure driven by increasing passenger traffic and rising disposable income, and a high focus on energy-efficient lighting systems and lower operational and maintenance costs are some of the key growth drivers of the global airport lighting market. The commercial airport is expected to remain a growth engine of the airport lighting market during the forecast period.
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There are several types of lighting systems used in an airport, such as runway lighting systems, taxiway lighting systems, approach lighting, obstruction & beacon lighting, and apron & hanger lighting. The runway lighting system is expected to remain the largest lighting type during the forecast period whereas, the apron & hanger lighting system is also expected to experience healthy growth during the same period.
In terms of technology type, LED lights are expected to witness the highest growth during the forecast period, driven by an increasing focus on energy efficiency and reduction in overall operation and maintenance cost of the airport.
North America is expected to remain the largest lighting market for airport applications during the forecast period due to the presence of large number of commercial and military airports and high focus on energy efficiency and low operational cost. Asia Pacific is expected to grow at the highest rate in the next five years. The developing countries, mainly China and India are likely to drive the demand for airport lighting systems in the Asia-Pacific region in the next five years, driven by on-going and upcoming airport infrastructure projects.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2014-2025 |
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Forecast |
>7% CAGR During 2020-2025 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries Covered |
The US, Canada, Mexico, Germany, France, The UK, China, Japan, India, Middle East, Latin America and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
The supply chain of this market comprises raw material suppliers, component manufacturers, light manufacturers, original component manufacturers, and airport owners. Key lighting manufacturers for commercial and military airports are-
New product development and mergers and acquisitions are the key strategies adopted by the key players to gain competitive edge in the market.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the global airport lighting market over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The following are the key features of the report:
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Company Profiling
Regional Segmentation
Competitive Benchmarking
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Driven by a number of factors like Increasing government investment on airport infrastructure, the airport lighting market is expected to witness an impressive growth of >7% CAGR in the foreseeable future.
Abacus Lighting, ADB Airfield Solutions, ATG Airports, Carmanah Technologies Corp., Honeywell International, Inc., and Vosla GmbH are among the key players in the airport lighting market.
North America is expected to remain the largest airport lighting market during the forecast period.
LED lights are expected to witness the highest growth in the airport lighting market during the forecast period.
Runway lighting system is expected to remain the largest lighting type in the airport lighting market in the coming years.
Increasing government investment on airport infrastructure driven by increasing passenger traffic and rising disposable income, and high focus on energy efficient lighting systems and lower operational and maintenance costs are the factors driving the growth of airport lighting market.
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