Global Commercial Airport Lighting Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.00 % over the forecast period 2022-2028. Commercial Airport Lighting includes all types of lighting systems used in any type of airport in order to support commercial aircraft operations. It facilitates night flying of aircraft and improves airport appearance. The construction of new airports and growing government initiatives to support aviation has led to the adoption of Commercial Airport Lighting across the forecast period. For Instance: as of July 2021, the Rajiv Gandhi International Airport at Hyderabad completed the conversion of 98% of its Airside lighting. China plans to open over 30 new civil airports and is targeting a 43% increase in civil aviation capacity under the 14th Five-Year Plan (2021-25). Also, with the increased implementation of efficient led-based airfield lighting and increasing investment in infrastructure, and the entry of private players, the adoption & demand for Commercial Airport Lighting is likely to increase the market growth during the forecast period. However, high manufacturing costs impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Commercial Airport Lighting Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the developed airplane infrastructure and rising adoption of tourism. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as increasing investment in infrastructure and the entry of private players would create lucrative growth prospects for the Commercial Airport Lighting Market across Asia-Pacific region.
Major market players included in this report are:
Abacus Lighting Limited
ADB Safegate
Honeywell International Inc.
TKH Group NV (TKH Airport Solutions)
OCEM Airfield Technology
Airsafe Airport Equipment Co. Ltd
Eaton Corporation
Youyang Airport Lighting Equipment Inc.
atg airports limited
Astronics Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Airport Beacon
Visual Glidescope Indicator
Visual Approach Scope Indicator (VASI)
Precision Approach Path Indicator (PAPI)
Others
By Division:
Airside Lighting
Landside Lighting
Terminal Lighting
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Commercial Airport Lighting Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors