Airport Lighting Market Analysis | 2023-2028

Market Insights

The airport lighting market was estimated at USD 555.71 million in 2022 and is likely to grow at a CAGR of 7.3% during 2023-2028 to reach USD 852.45 million in 2028.

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Market Dynamics

Introduction

Airport lighting refers to the system of lights installed throughout an airport to ensure safe operations during nighttime or low-visibility conditions. This includes runway and taxiway lights, approach lights, apron lighting, and obstacle lights. Runway edge and centerline lights help guide aircraft during takeoff and landing, while taxiway lights assist in ground navigation. Approach lighting systems help pilots align with the runway during landing, and apron lighting ensures ground operations are safe.

Market Drivers

The major factors driving the growth of the airport lighting market are:

• Increasing government investment in airport infrastructure driven by increasing passenger traffic and rising disposable income.
• A high focus on energy-efficient lighting systems.
• Lower operational and maintenance costs.

The commercial airport is expected to remain a growth engine of the airport lighting market during the forecast period.

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Key Players

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-

• Abacus Lighting
• ADB Airfield Solutions
• ATG Airports
• Carmanah Technologies Corp.
• Honeywell International, Inc.
• Vosla GmbH

New product development and mergers and acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Type

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.

By Technology Type

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 the overall operation and maintenance cost of the airport.

Regional Insights

North America is expected to remain the largest lighting market for airport applications during the forecast period due to the presence of a large number of commercial and military airports and a 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 ongoing and upcoming airport infrastructure projects.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects airport lighting market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a 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.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The airport lighting market is segmented in the following ways:

By Aircraft Type

• Commercial Airport
• Military Airport

By Light Type

• Runway Lighting System
• Taxiway Lighting System
• Approach Lighting System
• Apron and Hanger Lighting System
• Obstruction & Beacon Lighting System
• Other Lighting Systems

By Position Type

• In-Pavement/Inset Lights
• Elevated Lights
• Precision Approach Path Indicator

By Technology Type

• LED Lighting
• Non-LED Lighting

By Region

• North America (Country Analysis: USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
• Rest of the World (Country Analysis: Middle East and Latin America)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3)
• SWOT analysis of key players (up to 3)

Market Segmentation

• Current market segmentation of commercial airports by lighting type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.