Press release
Global Airport Lighting Market to Witness a Pronounce Growth During 2023
Airport lighting are essential for the safety and security of passengers, cargo, and aircraft. Constantly evolving technology has enabled airport authorities meet the safety norms set by the FAA. They help aircraft land and take off, even in poor natural lighting or bad weather.
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Global Airport Lighting Market: Forecast by Type / Application / Region
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The airport lighting market is predominantly driven by the increasing number of airports globally. Increase in demand for low-cost lights in the emerging countries is considered as one of the most significant factors driving the growth of the airport lighting market. In addition to this, the increasing usage of LED lights and mood lighting are further propelling the growth of this market.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field
Over the next five years, LPI(LP Information) projects that Airport Lighting will register a 7.2% CAGR in terms of revenue, reach US$ 740 million by 2023, from US$ 490 million in 2017.
Global Airport Lighting Market: Key Players
ADB Airfield Solutions (Safegate)
Honeywell
Hella
Eaton
OSRAM
Philips Lighting Holding
Cree
OCEM Airfield Technology
Astronics
Youyang
Airsafe Airport Equipment
Carmanah Technologies
Vosla (NARVA)
Abacus Lighting
ATG Airports
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Related Information:
United States Airport Lighting Market Research Report 2018
Europe Airport Lighting Market Research Report 2018
North America Airport Lighting Market Research Report 2018
Asia-Pacific Airport Lighting Market Research Report 2018
China Airport Lighting Market Research Report 2018
EMEA Airport Lighting Market Research Report 2018
Global Airport Lighting Market Research Report 2018
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