Commercial Airport Lighting Market Research Report 2019 published By Market Research Future, provides information on Global Commercial Airport Lighting Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Technology (LED, Non-LED), by Application (Airside Lighting, Terminal Lighting, Landside Lighting), and by Region — Forecast till 2023 —
Airport lighting systems offer enhanced visual guidance by assisting in aircraft landing by radiating light beams. The major purposes of airport lighting systems are prevention of aircraft collisions, and provision of support to the pilots.
Factors such as increasing air passenger traffic and growing demand for passenger and aircraft safety is bolstering the growth of commercial airport lighting market. For instance, in 2016, LED airport lighting systems were adopted by airports of Munich and Hanover with an aim to reduce their annual electricity consumption and maintenance costs. Furthermore, investments made in airports modernization and upgradation are boosting the commercial airport lighting market. Hence, increase in passenger traffic and subsequent demand for passenger safety will positively affect the growth of the global commercial airport lighting market.
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Of late, the government authorities of various countries have been supporting the development of new airports in order to handle the increasing air traffic. In addition, the airport officials along with the government authorities are aiming at the expansion of the infrastructure of the existing airports and redevelop them with the installation of smart technologies. Moreover, in the developed countries such as the US, the UK, and France, among others, and the emerging economies such as China, and India, among others, the airport authorities are ensuring the installation of the advanced airport lighting systems, in their airport premises.
The key players in the global commercial airport lighting market are:
• Honeywell International Inc. (US)
• ADB SAFEGATE (US)
• ABB (Switzerland)
• vosla GmBH (Germany)
• Avlite (Australia)
• Carmanah (Canada)
• Eaton (Ireland)
• atg airports limited (UK)
• Avionics Group (US)
• HELLA GmBH & Co. KGaA (Germany)
Market Segmentation and Geographic Overview
The global commercial airport lighting market has been segmented by technology, application and region. Based on technology, global commercial airport lighting market is segmented into LED and Non-LED. In 2018, the LED segment accounted for the largest market share owing to the growing need for energy conservation and lower maintenance costs. Therefore; the segment is expected to witness the fastest market growth, during the forecast period. Based on application, the market has been segmented into airside lighting, terminal lighting and landside lighting. Factors such as enhanced safety and assistance offered by airport lighting during takeoff and landing is driving the commercial airport lighting market in the airside segment. Hence, the market is expected to witness the fastest growth over the forecast period.
The global commercial airport lighting market has also been segmented into five regions, namely, North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America had the largest share of the market in 2017, which is significantly driven by the growing developments in the US and Canada. Owing to the presence of prominent players such as Honeywell International Inc., ADB SAFEGATE and others, resulted in the dominance of this region in the global market. Additionally, increasing investments made by the US government in the development and modifications of airports is enhancing the market growth in the region. In addition, Asia-Pacific is expected to be the fastest-growing market for commercial airport lighting, during the forecast period. The countries such as China, India, Japan, and Australia/ New Zealand, are currently focused on upgrading their airport infrastructure to accommodate the growing air traffic in these countries and offer enhanced safety to passengers.
Therefore, the global commercial airport lighting market is estimated to register a CAGR of approximately 8% during the forecast period of 2018 to 2023.
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Scope of Report
The report on global commercial airport lighting market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Takeaways
2.5. Key Buying Criteria
3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
4 Market Landscape
4.1. Porter’s Five Forces Analysis
4.1.1. Threat Of New Entrants
4.1.2. Bargaining Power Of Buyers
4.1.3. Threat Of Substitutes
4.1.4. Segment Rivalry
4.1.5. Bargaining Power Of Suppliers
4.2. Supply Chain Analysis
List of Tables
Table 1 Global Commercial Airport Lighting Market, By Region, 2018–2023
Table 2 North America: Commercial Airport Lighting Market, By Country, 2018–2023
Table 3 Europe: Commercial Airport Lighting Market, By Country, 2018–2023
Table 4 Asia-Pacific: Commercial Airport Lighting Market, By Country, 2018–2023
Table 5 Middle East & Africa: Commercial Airport Lighting Market, By Country, 2018–2023
Table 6 Latin America: Commercial Airport Lighting Market, By Country, 2018–2023
Table 7 Global Commercial Airport Lighting Market, By Technology, 2018–2023
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Release ID: 502892