To know the impact of COVID-19 On Airport Lighting Market Insights & Deep Analysis, Future Scenario Till 2021-2027 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Airport lighting market report is segmented on the basis of type, division, and by regional & country level. Based on type global airport lighting market is classified as airport beacon, visual glide scope indicator, visual approach scope indicator (VASI), precision approach path indicator (PAPI), runway lighting, runway edge lighting, taxiway lighting, obstruction lighting, and others. Based upon division, global airport lighting market is classified into airside lighting, landside lighting, and terminal lighting.
Airport Lighting Market is valued at USD 538.34 Million in 2018 and expected to reach USD 898.97 Million by 2025 with CAGR of 7.60% over the forecast period.
Market Analysis of Airport Lighting-
Airport lighting supports the pilot locates and defines the runway and airport environment. Airport lighting is not constant at airports with minimal traffic in order to save money when not in use. Runway edge lights, in-pavement lights, and sequence flashing lights may also have power controls which may be diverse to meet the pilots’ request. Airport lighting may be either continuous or flexible, depending on traffic/use. General airport lighting usually includes the airport beacon and any white or red beacon lights on the top of towers, buildings and construction equipment. The airport beacon is large, powerful rotating light that’s highly visible from miles away. Military airports interchange green and white but have two white lights for each green light, which differentiate them from civilian airports. Airport buildings, towers, and other tall equipment on the field will have a small, steady red beacon on top of them to help in collision avoidance for low-flying aircraft.
The regions covered in this airport lighting market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of airport lighting is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players -
Global airport lighting market report covers prominent players like ADB Safegate, TKH Group NV (TKH Airport Solutions), OCEM Energy Technology, Eaton Corporation, Astronics Corporation, Honeywell International Inc., RNC Avionics Ltd., Hella KGaA Hueck & Co., Carmanah Technologies Corp., Phillips, and among others.
Market Dynamics –
The increasing GDP of the various regions, rising disposable income as well as the governments’ expenditure for the better infrastructure of the lighting products are some growth factors that boost the global airport lighting market. According to Civil Aviation Sector, in 2012, the global airport industry contributed to 0.2% of global GDP and generated direct employment of 5.28 million (including Air Navigation services). Additionally, there are 41,821 airfields in the world including military and general aviation out of which 3,864 are airports with scheduled commercial flights. The United States (US) had by far the largest number of airfields (13,513), followed at a distance by Brazil (4,093), countries in the European Union or EU (3,102), Mexico (1,714), Canada (1,467), Russian Federation (1,218), and Argentina (1,138). Moreover, due to higher number of airfields present globally, the demand for airfield lighting increases over the period of time. However, some limiting factors such as the economic crisis in some economies and stringent government regulations & policies are hampering the growth of the global airport lighting market during the forecast period.
Regional Analysis –
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 towards energy efficiency and low operational cost lighting. According to Civil Aviation Sector, in 2012, The United States (US) had by far the largest number of airports around 13,513. Additionally, the Airport Improvement Program is a United States federal grant program that provides funds to airports to help improve safety and efficiency.
Asia Pacific is the fastest growing market due to the huge population base, various initiatives related to airport infrastructure expansions, and increase in government spending for infrastructure development. According to Hyderabad International Airport, in 2017, the airport is planning to become a 100% LED-lit airport, and 75% of the work on the project has already been completed. Such initiatives in this region are propelling the growth of the market during the forecast period.
Key Benefits for Market Reports –
- Global Airport Lighting Market report covers in depth historical and forecast analysis.
- Global Airport Lighting Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Airport Lighting Market report helps to identify opportunities in market place.
- Global Airport Lighting Market report covers extensive analysis of emerging trends and competitive landscape.
Market Segmentation –
By Type analysis
- Airport Beacon
- Visual Glide scope Indicator
- Visual Approach Scope Indicator (VASI)
- Precision Approach Path Indicator (PAPI)
- Runway Lighting
- Runway Edge Lighting
- Taxiway Lighting
- Obstruction Lighting
By Divisions analysis
- Airside Lighting
- Landside Lighting
- Terminal Lighting
By Regional & Country Analysis
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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Airport Lighting Market Size, Share, Trends, Demand, and Industry Growth Analysis (2021-2027)
Airport Lighting Market Insights & Deep Analysis, Future Scenario Till 2021-2027
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