Overview and Scope
Airport smart lighting refers to an intelligent lighting system implemented at airport buildings that uses advanced technology, including sensors, wireless connections, and automation, to improve lighting efficiency, performance, and sustainability. These systems dynamically adjust the brightness, color, and direction of light to improve visibility, reduce energy consumption, and minimize operational costs.
Sizing and Forecast
The airport smart lighting market size has grown strongly in recent years. It will grow from $1.02 billion in 2023 to $1.12 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to Energy efficiency regulations, enhanced passenger experience, cost savings, safety and security, data-driven insights, and compliance requirements.
The airport smart lighting market size is expected to see strong growth in the next few years. It will grow to $1.62 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to rising demand for energy efficiency, focus on passenger experience, safety and security requirements, cost savings and operational efficiency, regulatory compliance, data-driven decision-making, and smart airport initiatives. Major trends in the forecast period include the adoption of LED technology, integration of IoT and sensors, focus on sustainability, enhanced passenger experience, smart airport ecosystem integration, remote monitoring and management, and data-driven insights and analytics.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/airport-smart-lighting-global-market-report
Segmentation & Regional Insights
The airport smart lighting market covered in this report is segmented –
1) By Type: Runway Lightings, Taxiway Lightings, Visual Glide Scope Indicator, Other Types
2) By Offering: Hardware, Services, Software
3) By Light Source: Fluorescent Lighting, Halogen Lighting, Incandescent Lighting, Light Emitting Diode (LED) Lighting
4) By Application: Airside, Airport Terminal, Airport Landside, Other Applications
North America was the largest region in the airport smart lighting market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport smart lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14842&type=smp
Major Driver Impacting Market Growth
Growing air travel demand is expected to propel the growth of the airport smart lighting market going forward. Air travel refers to the transportation of passengers and goods by aircraft, typically between different locations, regions, or countries. Air travel demand is rising due to the increasing affordability and accessibility of flights, driven by advancements in technology, competition among airlines, and the expansion of low-cost carriers. Airport smart lighting enhances air travel by improving visibility, safety, and energy efficiency through dynamic adjustments based on passenger flow, weather conditions, and time of day, ultimately enhancing the overall airport experience and operational efficiency. For instance, in November 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, growing air travel demand is driving the growth of the airport smart lighting market.
Key Industry Players
Major companies operating in the airport smart lighting market are Siemens AG, Honeywell International Inc., Safran S.A., Koninklijke Philips N.V., Signify Holding, Acuity Brands Inc., TKH Airport Solutions, Midstream Ltd, Astronics Corporation, Schreder Group, OCEM Airfield Technology, ADB Safegate, Carmanah Technologies Corp, GMR ENLIGHTS s.r.l, Sealite Pty Ltd, Eaton Corporation, atg airports limited, Delta Obstruction Lighting, Avlite Systems, Cree Inc., Airsafe Airport Equipment Co. Ltd.
The airport smart lighting market report table of contents includes:
1. Executive Summary
2. Airport Smart Lighting Market Characteristics
3. Airport Smart Lighting Market Trends And Strategies
4. Airport Smart Lighting Market – Macro Economic Scenario
5. Global Airport Smart Lighting Market Size and Growth
.
.
.
31. Global Airport Smart Lighting Market Competitive Benchmarking
32. Global Airport Smart Lighting Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Airport Smart Lighting Market
34. Airport Smart Lighting Market Future Outlook and Potential Analysis
35. Appendix
Explore the trending research reports from TBRC:
https://www.thebusinessresearchcompany.com/report/specialty-foods-global-market-report
https://www.thebusinessresearchcompany.com/report/fillings-and-toppings-global-market-report
https://www.thebusinessresearchcompany.com/report/food-flavors-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
