The Global Commercial Airport Lighting Market to 2024 – Expected to Reach $639 Million – ResearchAndMarkets.com

Benzinga

The “Commercial
Airport Lighting Market (2019 – 2024)”
report has been added to ResearchAndMarkets.com‘s
offering.

The global commercial airport lighting market is anticipated to reach
USD 639.03 million by 2024, while recording a CAGR of 4.35% during the
forecast period.

This growth is propelled by the construction of new airports and
modernization of the existing airport infrastructure around the world to
cater to the increasing passenger traffic.

The increasing emphasis on decreasing the energy consumption and
reducing the carbon emissions in airports is one of the major factors
driving the commercial airport lighting market.

The shift from the use of conventional incandescent lights to solar
power LEDs in airports is expected to drive the commercial airport
lighting market in the coming future.

Key Market Trends

Segment Trends

By application, the market is divided into runway lights, taxiway
lights, indoor lights, ground guidance lights, and obstruction lights.
The runway lights segment currently has the largest market share, as
commercial airfields are the major consumers of industrial lighting
systems, and make use of luminaries to guide aircraft around the site
during takeoff, landing, repair, testing, and while performing basic
land-based maneuvers. Runway entrance lights, also known as REL, are
located on entrance taxiways and help provide an indication to the
aircraft, in terms of takeoff operations.

Geography Trends

The Asia-Pacific region currently has the largest market share and is
expected to grow rapidly during the forecast period. The construction of
new airports and modernization of the existing airports are expected to
generate demand for new and innovative lighting systems in this region.
China is expected to experience a large surge in the number of
passengers during the forecast period.

To cope with this surge in passengers, China had plans to build 74 new
civil airports by 2020, taking the total to 260, which amounts, on an
average, to more than eight new airports per year. Also, The Rajiv
Gandhi International Airport at Hyderabad is planning to become a 100%
LED-lit airport, and 75% of the work on the project has already been
completed. Such initiatives in this region are propelling the growth of
the market during the forecast period.

Competitive Landscape

The commercial airport lighting market is highly fragmented, with many
players present in the market. Some of the prominent players in the
market are ADB Safegate, TKH Group NV (TKH Airport Solutions), OCEM
Energy Technology, Eaton Corporation, Astronics Corporation, and
Phillips.

With increased implementation of efficient LED-based airfield lighting
in place of incandescent lighting, companies are also exploring new
wireless or contactless power concepts that minimize installation and
maintenance challenges. Also, the investment of companies in lighting
with built-in intelligence, which enables it to retrieve data and
predict performance, thus enabling more preventive maintenance, can give
the players a competitive advantage over their competitors.

Topics Covered

1 Introduction

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Dynamics

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter’s Five Forces Analysis

5 Market Segmentation

5.1 Usage

5.1.1 Terminal Side

5.1.2 Ground Side

5.1.3 Airside

5.1.3.1 VASI & PAPI

5.1.3.2 Wind Cones

5.1.3.3 Runway Edge & End Lights

5.1.3.4 ALS

5.2 Application

5.2.1 Runway Lights

5.2.2 Taxiway Lights

5.2.3 Indoor Lights

5.2.4 Ground Guidance Lights

5.2.5 Obstruction Lights

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 South America

5.3.5 Middle East & Africa

6 Competitive Landscape

6.1 Market Share Analysis

6.2 Company Profiles

6.2.1 ADB Safegate

6.2.2 Honeywell International Inc.

6.2.3 TKH Group N.V. (TKH Airport Solutions)

6.2.4 OCEM Energy Technology (Multi Electric Inc.)

6.2.5 Airsafe Airport Equipment Co. Ltd.

6.2.6 Eaton Corporation

6.2.7 Youyang Airport Lighting Equipment Inc.

6.2.8 ATG Airports Limited

6.2.9 Astronics Corporation

6.2.10 Abacus Lighting Limited

6.2.11 Phillips

6.2.12 Siemens AG

7 Market Opportunities and Future Trends

For more information about this report visit www.researchandmarkets.com/research/qwjt78/the_global?w=4

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