The global commercial airport lighting market size is expected to expand a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing global aviation industry and the expansion of air travel.
In recent years, the aviation lighting sector has seen significant technical developments. These technical advances and creative equipment help to propel the global aviation lighting industry. Furthermore, factors driving the aviation lighting market include the usage of energy-saving aircraft lights, efficient lighting alternatives, and increasing aircraft deliveries.
The usage of energy-saving aircraft lights and efficient lighting alternatives is projected drive the market. The growing emphasis on minimizing energy usage and carbon emissions in airports is moving airport operators focus away from traditional incandescent lighting and toward solar power LEDs in airports.
Airport lighting systems offer a defined pattern of positioning lights and colors for pilots to use both in the air and on the ground. Airport lighting assists pilots in locating and defining the runway and airport area. In addition, runway edge lights, in-pavement lights, and sequence flashing lights in runways now include intensity settings that can be adjusted to match the pilot's needs.
In 2016, India stated that the UDAN regional connectivity plan will provide monetary advantages to chosen airlines from the center, state governments, and airport operators in order to boost operations from unserved and underserved airports while keeping airfares low.
According to Wang Zhiqing, deputy minister of transport, China is projected to establish more than 30 new civil airports and raise civil aviation capacity by 43 percent to 2 billion passenger journeys as planned under the 14th Five-Year Plan.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing air travel is expected to drive the market during the forecast period.
- Rapid growth of the aviation industry is major factor boosting the market.
- New airport development and refurbishment of existing airport infrastructure are anticipated to drive the market in the coming years.
- Rising fuel price is estimated to restrict the market expansion.
- Increasing flight ticket price or high operational cost act as key challenges that can restrict the market growth.
- R&D investment and technological advancement is projected to create significant opportunities for the market players.
Scope of the Report
The report on the global commercial airport lighting market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Commercial Airport Lighting Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Taxiway Lights, Ground Guidance Lights, Indoor Lights, Runway Lights, and Obstruction Lights), Usages (Ground Side, Terminal Side, and Airside)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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OCEM Airfield Technology; Eaton Corporation; Astronics; ADB Safegate; TKH Group NV (TKH Airport Solutions)
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Global Commercial Airport Lighting Market Segment Insights
The runway lights segment is projected to account for a major market share
Based on applications, the commercial airport lighting market is divided into taxiway lights, ground guidance lights, indoor lights, runway lights, and obstruction lights. The runway lights segment is expected to represent a key share of the market during the forecast period due to rapid development and construction of new airports and renovation of existing airport infrastructure.
The airside segment is expected to grow at a robust pace
On the basis of usage, the commercial airport lighting market is segmented into ground side, terminal side, and airside. The airside segment is expected to account for a key share of the market in the coming years owing to rising number of aircrafts and entering of new airlines in the business.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the commercial airport lighting market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to surging passenger traffic in the region and rapid construction of new airports in countries such as China and India. Moreover increasing middle income passenger is expected to drive the market.
Segments
Segments Covered in the Report
The global commercial airport lighting market has been segmented on the basis of
Applications
- Taxiway Lights
- Ground Guidance Lights
- Indoor Lights
- Runway Lights
- Obstruction Lights
Usage
- Ground Side
- Terminal Side
- Airside
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- OCEM Airfield Technology
- Eaton Corporation
- Astronics
- ADB Safegate
- TKH Group NV (TKH Airport Solutions)
Competitive Landscape
Key players competing in the commercial airport lighting market include OCEM Airfield Technology; Eaton Corporation; Astronics; ADB Safegate; TKH Group NV (TKH Airport Solutions).
Some of these players are looking for several market strategies including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance, In July 2021, with over 130 lights at the Mariehamn Airport's runway lighting system are projected to be replaced with eco-friendly LED lighting.
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