Factors such as the expansion of airport infrastructure and rising focus on controlling maintenance costs are expected to contribute to the growth of this market. In this market research report, 2015 is considered to be the base year, and 2016 to 2021 is considered as the forecast period.
The global airport lighting market size is projected to reach USD 672.2 Million by 2021, at a CAGR of 7.2% from 2016 to 2021. A number of factors, such as rise in air traffic and increasing focus towards enhancing energy savings are expected to drive the growth of the airport lighting market.
The LED lights segment dominates the airport lighting market, and is expected to continue its dominance over the next five years, primarily driven by the need for energy conservation at airports and reduction in maintenance costs. It has been proven that the LED lights save up to 40% energy compared to that of non-LED lights.
Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/airport-lighting-market-1060.html
The airport lighting market has been segmented and analyzed in terms of three positions of lighting, which include in-pavement/inset lights, elevated lights, and precision approach path indicator (PAPI). The in-pavement/inset lights segment is projected to grow at the highest CAGR from 2016 to 2021. This growth is mainly attributed to the increased spending by aviation authorities towards adopting a more simple technology and hassle-free maintenance lighting systems.
The market for airport lighting has been estimated to be the largest in North America, due to increased focus towards reducing energy consumption and the need to cut down maintenance costs for lights. The airport lighting market in the Asia-Pacific region is expected to grow at the highest CAGR, due to various initiatives related to airport infrastructure expansions. This growth can also be attributed to the increase in government spending for infrastructure development, growing GDP of the region, and rise in air traffic.
Target Audience for Airport Lighting Market
- Airport Lighting Manufacturers
- Original Equipment Manufacturers
- Sub-component Manufacturers
- Technology Support Providers
Honeywell International, Inc. (U.S.): One of the key players in the airport lighting market
The major players in this market have been identified to be Hella KGaA Hueck & Co., Honeywell International, Inc., Carmanah Technologies Corp., and ABB. Honeywell International, Inc. is one of the top companies profiled in the global airport lighting market. The company has a strong distribution network, along with a robust product portfolio and wide customer base.
Get Sample Here: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1060
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441