Airport Lighting Market is expected to grow US$ 1,039.2 Million at a CAGR of 7.7% during 2019-2027 | Leading Key Players ADB Safegate, Astronics, Avlite Systems, Eaton, General Electric, Honeywell, OCEM Airfield and OSRAM

The global airport lighting market is accounted to US$ 540.6 Mn in 2018 and is expected to grow at a CAGR of 7.7% during the forecast period 2019 - 2027, to account to US$ 1,039.2 Mn by 2027.

APAC is anticipated to be the fastest-growing region and is the highest revenue contributor throughout the forecast period owing to the huge rise in air traffic in countries namely China, India, Singapore, and Japan. China is foreseen to outpace the US by 2024, owing to the stupendous growth in air traffic in the nation. Whereas, India is expected to displace the UK to become the third-largest commercial air carriers in the world. These factors are positively impacting on the growth of APAC airport lighting market.

Request a Sample copy of Report - https://www.theinsightpartners.com/sample/TIPRE00004011/?utm_source=OpenPR-10108

The modern-day aircraft are built with advanced technologies which communicate with other technologies, thereby, easing the flying operations. The airport across the globe are increasingly emphasizing on the up gradation and renovation of runways, taxiways, and aprons along with aircraft obstruction architectures. According to CAPA Airports Construction Database, in 2019, more than US$ 500 Billion to be invested in the renovation of airports including terminals, runways, taxiways, and apron areas. The renovation activities include up gradation of lighting fixtures with more advanced technologies, to simplify the airport operations. In addition, aircraft night operations have significantly grown in recent years, which demand technologically robust lighting solutions to provide adequate information during landing and takeoff. This factor has also led to increased installation of robust lights around the airport or airfield, which is influencing the airport lighting market to prosper during the forecast period.

The Prominent/Emerging Players in the Airport Lighting Market Research include:
- ADB Safegate
- Airfield Lighting
- Astronics Corporation
- Avlite Systems
- Carmanah Technologies
- Eaton (Cooper Industry)
- General Electric
- Honeywell International Inc.
- OCEM Airfield Technology
- OSRAM GmbH

The approach indicator lights type segment captures highest revenue share in the global airport lighting market by type. The manufacturers are increasingly designing robust infrastructure, which thereby, significantly facilitate the pilots to approach towards the runway, especially in low visibility conditions. Pertaining to the fact that the airport authorities are seeking cost-efficient lighting products with brighter output, the demand for LED-based approach light systems (ALS) is growing in the current scenario.

Global Airport Lighting Market Segmentation:

Global Airport Lighting Market - By Type
- Airport Beacon
- Obstruction Lights
- Approach Indicator Lights
- Runway Centerline Lights
- Taxiway Lights

Global Airport Lighting Market - By Application
- Existing Airport
- New Airport

Global Airport Lighting Market - By Geography
- North America
- Europe
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- South America (SAM)

Purchase this Report with 20% Customization at - https://www.theinsightpartners.com/buy/TIPRE00004011/?utm_source=OpenPR-10108

Key Elements that the report acknowledges:

- Market size and growth rate during forecast period.
- Key factors driving the Airport Lighting Market.
- Key market trends cracking up the growth of the Airport Lighting Market.
- Challenges to market growth.
- Key vendors of Airport Lighting Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Airport Lighting Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.

Contact Us:
The Insight Partners
533, 5th Floor, Amanora Chambers,
Amanora Township, East Block,
Kharadi Road, Hadapsar, Pune-411028

About The Insight Partners

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Chemical, Food, Automotive and Defence.

This release was published on openPR.