Airport Lighting Market is likely to grow at 7.6% CAGR Over the Next Five Years

Stratview Research has launched a new research report on Airport Lighting Market. The report segments the market in the most intelligent way, giving a holistic and detailed view of the market.

The forecast of the market size has been segmented by –
• by Aircraft Type (Commercial Airport and Military Airport)
• by Light Type (Runway Lighting System, Taxiway Lighting System, and Others)
• by Position Type (In-Pavement, Elevated Lights, and Fabrics)
• by Technology Type (LED Lighting and Non-LED Lighting)
• and by Region
o North America (Country Analysis: USA, Canada, and Mexico)
o Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
o Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
o Rest of the World (Country Analysis: Middle East and Latin America)

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Airport Lighting market.

Years considered for this report –
 base year 2016
 trend period 2010 – 2015
 forecast period 2016 – 2021

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Commercial airport to remain a growth engine of the market

The airport lighting system market offers good growth opportunity and is likely to grow at 7.6% CAGR during the forecast period of 2016 to 2021. Increasing government investment on airport infrastructure driven by increasing passenger traffic and rising disposable income, and high focus on energy efficient lighting systems and lower operational and maintenance costs are some of the key growth drivers of the airport lighting market. Commercial airport is expected to remain a growth engine of the airport lighting market during the forecast period.

There are several types of lighting system used in an airport, such as runway lighting system, taxiway lighting system, approach lighting, obstruction & beacon lighting, and apron & hanger lighting. Runway lighting system is expected to remain the largest lighting type during the forecast period whereas, apron & hanger lighting system is also expected to experience healthy growth during the same period.

LED lights to witness the highest growth

In terms of technology type, LED lights are expected to witness the highest growth during the forecast period, driven by increasing focus on energy efficiency and reduction in overall operation and maintenance cost of the airport.

North America to remain the largest market

North America is expected to remain the largest lighting market for airport applications during the forecast period due to the presence of large number of commercial and military airports and high focus towards energy efficiency and low operational cost. Asia Pacific is expected to grow at the highest rate in the next five years. The developing countries, mainly China and India are likely to drive the demand of airport lighting systems in the Asia-Pacific region in the next five years, driven by on-going and upcoming airport infrastructure projects.

Top Market Players

Key lighting manufacturers for commercial and military airports are Abacus Lighting, ADB Airfield Solutions, ATG Airports, Carmanah Technologies Corp., Honeywell International, Inc., and Vosla GmbH.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Research Methodology

This report studies the global Airport Lighting market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Click Here for Other Reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

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This release was published on openPR.