Airport Lighting MarketOverview
The global Airport Lighting Marketis likely to garner a CAGR of 8% during the forecast period (2018-2023), Market Research Future (MRFR) unveils in a detailed report. Airport lighting systems provide improved visual guidance by radiating light beams, which help aircraft to take-off and land securely. It facilitates night flying, besides enhancing the appearance of the airport.
Airport Lighting MarketPotential and Pitfalls
The global Airport Lighting Markethas witnessed a tectonic surge over the past few years, mainly due to the rapid increase in air passenger traffic. The increasing demand for aircraft and passenger safety is augmenting the growth of the market across the globe. For instance, LED airport lighting systems were adopted in 2016 by airports of Hanover and Munich. The adoption was aimed towards reducing the annual maintenance and costs and electricity consumption. Airports across the world are highly investing in upgradation and modernization, which is likely to encourage the growth of the market in the foreseeable future.
Government authorities across countries are highly supporting the development of new airports to control the ever-increasing traffic. Government authorities, along with the airport officials, are focusing on the expansion of the infrastructure of the existing airports. They are also aiming towards redeveloping the infrastructure by installing smart technologies, which is supporting the growth of the market globally.
Airports across the world are highly adopting smart airfield lighting monitoring systems to improve the efficiency of air traffic control. These lighting monitoring systems integrate airfield surveillance, airfield lighting, and aircraft tracking systems to guide aircraft through quickest and safest paths, which helps to achieve optimum aircraft routing. The emergence of smart airfield lighting monitoring systems is thus identified as a key trend to trigger the demand for commercial airport lighting in the long run. On the contrary, the high cost of LEDs is likely to restrict the growth of the market to a certain extent.
Airport Lighting MarketCompetitive Dashboard
The players dominating the global commercial airport lighting market include ADB SAFEGATE (US), Honeywell International Inc., (US), vosla GmBH (Germany), ABB (Switzerland), Carmanah (Canada), Avlite (Australia), atg airports limited (UK), Eaton (Ireland), HELLA GmBH & Co. KGaA (Germany), and Avionics Group (US).
Global Commercial Airport Lighting Market: Segmental Analysis
The Airport Lighting Marketis segmented on the basis of technology and application.
By technology, the Airport Lighting Marketis segmented into LED and non-LED. Among these, the LED technology acquired the largest market share in 2018. The segment is expected to retain its growth due to the surging requirement for energy conservation, coupled with lower maintenance cost.
By application, the Airport Lighting Marketis segmented into terminal lighting, airside lighting, and landside lighting. Among these, the airside segment is likely to gain prominence in the foreseeable future. Assistance and safety offered by airport during takeoff and landing are propelling the growth of the market in the airside lighting segment.
Airport Lighting MarketRegional Frontiers
Geographically, the Airport Lighting Marketspans across Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.
Considering the global scenario, North America acquired the largest share in 2017. The region is estimated to retain its growth due to the prominent developments made in Canada and the US. The presence of industry bigshots like ADB SAFEGATE, Honeywell International Inc., and others have influenced the growth of the regional market. The US government is highly investing in the modifications and developments of airports, which is further contributing to the market’s growth.
The Asia Pacific will expand at the fastest rate as economies like India, China, New Zealand, and Australia are highly focusing on the upgradation of airport infrastructure to accommodate the increased traffic. The surging need to conserve energy is also considered to encourage the market growth. The modernization of the existing airports and the construction of the new ones are predicted to generate demand for innovative lighting systems. For instance, Rajiv Gandhi International Airport, Hyderabad is likely to become a 100% LED-lit airport.
June 2019: The New Jersey and New York airports under the Port Authority have been identified for reducing carbon emissions. Diesel buses and other vehicles are replaced with electric-powered vehicles, and LED-lighting has been installed at Port Authority facilities to use less energy and increase the power supply by wind and solar.
Global Airport Lighting MarketResearch Report: Information by Technology (LED, Non-LED), by Application (Airside Lighting, Terminal Lighting, Landside Lighting), and by Region — Forecast till 2023 @ https://www.marketresearchfuture.com/reports/commercial-airport-lighting-market-1623