Press Release / Technology / Commercial Airport Lighting Market Expected Witness Rapid Expansion by the End of 2021

Commercial Airport Lighting Market Expected Witness Rapid Expansion by the End of 2021

Market Highlights:

Market Research Future’s latest report on the global commercial airport lighting market is poised to grow at a CAGR of 8% during the forecast period of 2016 to 2021. Commercial airports are consistently upgrading to incorporate the most efficient option which is a lucrative opportunity for the commercial airport lighting market. Growing air traffic and increasing air connectivity among other important factors are expected to encourage market growth.

Globally, air travel has become increasingly affordable and has resulted in a rapid increase in air traffic due to the demand from consumers. Moreover, a wide variety of commercial airline experiences are available from budget to high-quality air travel which has increased both air and passenger traffic. The economic boom in emerging economies has led to the development of international airports. Increased demand for air connectivity across the globe, has further increased investments in airport infrastructure, including airport lighting. Investments are being made in the updating of services and general infrastructure at commercial airports due to increasing demand for high passenger and aircraft safety combined with the high demand for efficient commercial airports. Increasing adoption of LED lights, particularly those which are powered by solar energy and the advancements in technologies for the monitoring of airfield lighting systems are emerging as trends which are expected to yield opportunities for market growth in the near future.

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Major Key Players

Abacus Lighting,

atg airports limited,

Honeywell,

Siemens AG,

vosla Gmbh,

ADB Airfield Solutions,

Avlite Systems,

Carmanah Technologies Corp.,

Crouse-Hinds, and Hella KGaA Hueck & Co.

Industry/ Innovation/ Related News:

The U.S federal government is set to invest USD 2 Mn toward the improvements of local airports, with special consideration of runway maintenance and lighting.

ADB Safegate has been awarded a contract to install its SafeLED airfield lighting at Bangalores international airport in India.

The commercial airport lighting market is completely dependent on the volume of air passenger traffic. Thus, the increasing or decreasing demand for the air passenger traffic directly has an impact on the market. Moreover, the factor responsible for the growth of commercial airport lighting market is growing air passenger traffic, investments on airport modernization and upgradation, and increased demand for passenger and aircraft safety. This is the primary factor that drives the growth of the global commercial airport lighting market and has gained prevalence in the recent times, with the usage of best in class technologies in aircraft. Thus, the growth of the commercial airport lighting market is expected to go hand in hand with the growth of investment in the aircraft industry.

“Adoption of solar LED lights due to improper visibility caused by LEDs installed at runways to power runway, taxiway, and terminal lights, coupled with evolution of technologies to monitor airfield lighting systems are the emerging trends, which would impact the market in the forecast period”, states the MRFR Research Analyst while discussing the highlights of the study report.

The key factors driving the growth are growing air passenger traffic, investments on airport modernization and up gradation, and increased demand for passenger and aircraft safety. The increasing development of smart airports and new terminals are some major factors that boost the global market for Commercial Airport Lighting. Over the years, there have been increasing investments on airport infrastructure, particularly in the Asia-Pacific region. Moreover, a number of smart initiatives are being introduced at the airports, which is expected to augment the aviation industry, as a whole. With the International Air Transport Association (IATA) and Airports Council International (ACI) focusing on ensuring minimal inconvenience to pilots and facilitate optimized airport operations, the Commercial Airport Lighting are expected to be subjected to rapid technological developments. Developments of new airports, adds up a significant growth prospectus.

Regional Analysis

Europe dominates the global commercial airport as it has a high concentration of some of the world’s busiest airports. Growing aircraft fleets and increased demand for air travel has increased regional investment in the expansion and infrastructural development of commercial airports. Moreover, the region includes several developed economies which have a high number of market players who contribute to the market.

Meanwhile, the Asia Pacific is expected to witness the highest growth at a CAGR of 12% during the forecast period. The region has a concentration of emerging economies which are increasingly establishing high-quality infrastructure in commercial airports for both domestic and international travel. Rising disposable incomes have increased the demand for international travel which in turn encourages regional governments to ensure that commercial airport lighting is up to par for the functionality it provides. High investments in airport infrastructure are expected to produce ample opportunity for the APAC regions growth.

Segmentation

The market is segmented to offer a comprehensive view of the market. MRFR has segmented the global commercial airport lighting market on the basis of application and region. By application, the market is segmented to include terminal lighting, landside lighting, and airside lighting.

Regionally, the global commercial airport lighting market is segmented on into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

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Target Audience

Airport Lighting Contractors
System / Equipment Suppliers
Government Bodies
Airports
Potential Investors
Key executive (CEO and COO) and strategy growth manager
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