The global demand for Airport Lighting Market is presumed to reach the market size of nearly USD 1208.58 MN by 2028 from USD 705.2 MN in 2021 with a CAGR of 8% under the study period 2022 - 2028.
Airport lighting is lights used to illuminate the airport runway during the night or low visibility climatic conditions like winters. It plays an essential role in the safe landing of flights as it helps guide the pilot about the takeoff, touchdown, and any possible obstructive areas. There are different airport lighting systems like the runway center lighting system, touchdown zone lights, Takeawaycentre lead-off lights, taxiway center lead-on lights, and land hold short lights.
Market Dynamics
The market for airport lighting shows a good growth opportunity and will be experiencing projectile growth during the market forecast period. The factors driving its development are the increased investment by the government in building airports coupled with the increase in passenger traffic. The latest technology has further driven up the market by using LED lights, which are cost-effective and last longer than non LED lights. Efficient lighting has reduced the operational and maintenance cost, which is another essential factor for the growth of airport lighting during the forecast period. Visibility concerns caused by inclement weather are among the factors limiting the development of the airport lighting market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of airport lighting. The growth and trends of airport lighting industry provide a holistic approach to this study.
Market Segmentation
This section of the airport lighting market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Runway Lighting Systems
- Taxiway Lighting Systems
- Apron Lighting Systems
By Position
- In-Pavement/Inset Lights
- Elevated Lights
- Precision Approach Path Indicator
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Airport Lighting market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Airport Lighting Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the airport lighting market include ADB Airfield Solutions (U.S.), Honeywell International, Inc. (U.S.), ABB (Switzerland), and Hella KGaA Hueck & Co. (Germany), among others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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