The commercial airport lighting global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Commercial Airport Lighting Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The commercial airport lighting market size has grown strongly in recent years. It will grow from $0.93 billion in 2023 to $0.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing demand for air travel, increasing focus on modernizing existing airports, demand for airport lighting systems, rising disposable income, and increasing focus on enhancing airport safety.
The commercial airport lighting market size is expected to see strong growth in the next few years. It will grow to $1.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing demand for customized lighting solutions, rising population, rising airport expansion projects, increased tourism and travel demand, and globalization and increased connectivity. Major trends in the forecast period include advancements in LED lighting technology, adoption of smart and intelligent lighting systems, advancements in wireless communication technologies, advancements in lighting control systems, development of smart cities, advancements in lighting design and engineering, and advancements in smart lighting systems.
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Scope Of Commercial Airport Lighting Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Commercial Airport Lighting Market Overview
Market Drivers –
The increasing demand for air travel is expected to propel the growth of the commercial airport lighting market going forward. Air travel refers to the act of traveling by aircraft, such as airplanes or helicopters. It involves transporting passengers or cargo from one location to another through the air. The rise in air travel is driven by increased global connectivity, economic growth, and the affordability of flights. Commercial airport lighting enhances air travel by ensuring safe and efficient aircraft navigation, takeoffs, and landings, especially in low visibility conditions. For instance, in December 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), the EU witnessed a significant surge in air travel, with the total number of passengers reaching 820 million in 2022, marking a substantial increase of 119.3% compared to the previous year. Therefore, the increasing demand for air travel is driving the commercial airport lighting market.
Market Trends —
Major companies operating in the commercial airport lighting market are increasing their focus on developing advanced technological solutions, such as sensor-based lighting systems, to enhance operational efficiency and safety. Sensor-based lighting systems refer to lighting that automatically adjusts based on motion, occupancy, or ambient light levels, improving energy efficiency and convenience. For instance, in May 2022, ADB Safegate BVBA, a Belgium-based airport lighting company, launched its new AXON EQ LED inset lights, which are designed as a component of the Airfield 4.0 initiative. These smart LED fixtures feature built-in sensors and communication technology that enhance situational awareness and allow for prescriptive maintenance, thereby improving overall airport operations. The AXON EQ lights come equipped with sensors that collect situational data, enabling airports to monitor fixture status and maintenance needs in real-time. These lights utilize integrated LINC 360 remotes for two-way communication, facilitating predictive maintenance and streamlined operations, particularly in low-visibility conditions. This technology contributes to increased safety and reduced power consumption at airports.
The commercial airport lighting market covered in this report is segmented —
1) By Type: Runway Lighting Systems, Taxiway Lighting Systems, Apron Lighting Systems
2) By Technology: Light-Emitting Diode (LED), Non-Light-Emitting Diode (LED)
3) By Position: Inset Airfield Lights, Elevated Airfield Lights, Precision Approach Path Indicator (PAPI)
4) By Application: Landside, Airside, Terminal Side
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Regional Insights —
North America was the largest region in the commercial airport lighting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial airport lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies —
Major companies operating in the commercial airport lighting market are Siemens AG, Honeywell International Inc., ABB Ltd, Collins Aerospace, Safran S.A., Eaton Corporation plc, Hella GmbH & Co. KGaA, Signify N.V., OSRAM GmbH, Acuity Brands Inc, TKH Group NV, Astronics Corporation, Cree Lighting, ADB Safegate BVBA, Schréder Corporation, Amglo Kemlite Laboratories Inc., Vosla GmbH, GMR ENLIGHTS, Abacus Lighting Ltd., ATG Airports Ltd, OCEM Airfield technology, Sealite Pty Ltd., Flight Light Inc., Midstream Lighting, Vardhman Airport Solutions Pvt. Ltd., Airport Lighting Specialists, Halliday Lighting Ltd., S4GA, Carmanah Technologies Corp.
Table of Contents
1. Executive Summary
2. Commercial Airport Lighting Market Report Structure
3. Commercial Airport Lighting Market Trends And Strategies
4. Commercial Airport Lighting Market — Macro Economic Scenario
5. Commercial Airport Lighting Market Size And Growth
…..
27. Commercial Airport Lighting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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