Runway Lighting Market Taxiway Lighting Systems, Company Profiles and Forecast by 2027

Runway lighting is used for a wide variety of indications and warnings on a runway, in darkness or at low visibility. Lighting solution gives a precise view to the aircraft pilots. It is used by runways, which are licensed for use at night. Common runway lightings are runway edge lights, runway threshold lights, and runway end lights. These lights have various applications depending on the requirement and atmospheric variations in specific places. For instance, depending on the need, the intensity of the light could vary, such as high-intensity light and low-intensity light.

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This has led to developing the aviation industry, ranging from manufacturers to governments, thereby improving the services and safety. In addition, increase in investments in the aviation industry is expected to boost the runway lighting market growth over the forecast period.

Moreover, LED lights, which are often used on the runway, can hamper the clear view through infrared cameras, thereby creating difficulty, which could negatively affect the growth of the runway lighting market. Furthermore, the transition to electric and solar-powered led technology is expected to offer lucrative opportunities for the market over the forecast period.

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Therefore, companies as well as governments across the world are concerned about the infrastructure of the airport as facilities and safety measures attract more businesses. Increase in awareness for safety has forced authorities to use the most advanced technologies, which is expected to further grow the runway lighting market over the forecast period.

COVID-19 scenario analysis:

Air traffic is considered to be the most vulnerable to external factors compared to all the other sectors of the economy such as oil crises, natural disasters, armed conflicts, terrorist attacks, economic recessions, and disease outbreaks.

Air transport is considered to be the most crucial means of spreading the virus across the globe, which is expected to impact the profitability of air transport companies in the longer run.

The impact of the novel coronavirus (COVID-19) can be witnessed in every sector of the most affected countries as well as globally.

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