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Airport Smart Lighting Market 2018-2024 Industry Trends & Forecast | Key Players are Honeywell International, Schréder Group, Koninklijke Philips, HELLA, and Carmanah Technologies.
Airport Smart Lighting Market
Global Airport Smart Lighting Market will witness significant growth in forecast period due to rising necessity to improve operational efficiency. Shifting focus on passenger safety & security to avert impacts & accidents is among the key factor driving industry growth.Rising demand for advanced airfield ground lighting to enhance air traffic control system will propel airport smart lighting market. Faster threat detection and quick response at high risk areas including airport apron, luggage handling, maintenance hangars & tunnels will support product demand.
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Increasing passenger inflow due to rising travelling frequencies has enhanced demand for 24 hours illumination system. Increasing focus on infrastructure development along with expansion in global aviation industry will support the airport smart lighting market. Rising adoption of LED based systems to improve overall cost effectiveness is among key fueling factors of industry growth.
Inclination towards energy conservation coupled with high airfield energy consumption enhanced the airport smart lighting market. As per analysis, transportation accounts around 28% of global energy consumption. Rising demand for advanced systems to automate luminaire switching as traditional systems remain active all the time will drive product demand. Necessity for advanced luminaire system to assist safe landing at night has enhanced the industry demand. Improved luminaire at runway edge, runway end, threshold area and touchdown zones will support business growth. Technological advancement including ultrasonic motion sensors, LEDs and control systems are the major supporting factors of product penetration.
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Global airport smart lighting market is further segmented based on product as, airside, landside and terminal systems. Airside segment dominated the industry share in 2016. Rising demand for advanced luminaires at taxiway, runway and visual glide scope indicator will support the industry demand. Stringent regulations on illumination particularly at night operations are the driving factors of industry growth.
Asia Pacific will witness substantial growth in the forecast period due to increasing air travel frequencies. For instance, India air transport fleet surpassed 70 million passengers in 2016. Rapid infrastructure development particularly in China and India coupled with growing aviation industry will propel the airport smart lighting market.
Europe airport smart lighting market is anticipated to witness notable gains. Growth in tourism industry enhancing travelling frequencies are major factors positively influencing industry growth. Increasing government spending on infrastructure development accompanied by presence of large number of component suppliers will propel product demand.
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Global airport smart lighting market share is moderately consolidated due to presence of few companies. Honeywell International, Schréder Group, Koninklijke Philips, HELLA, and Carmanah Technologies are the major industry players. Heavy R&D investment, product portfolio expansion, supply agreements, collaborations and product innovations are key strategies observed among industry participants.
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