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Airport Smart Lighting Global Market Report 2025: Significant Growth, Market Size, and Key Trends Forecasted
Airport Smart Lighting Market
What Is The Projected Market Size Of The Global Airport Smart Lighting Market And Its Growth Rate?
The global airport smart lighting market has shown strong signs of growth:
- It is expected to grow from $1.12 billion in 2024 to $1.23 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%.
- By 2029, the market is predicted to reach $1.78 billion, growing at a CAGR of 9.7%.
- Energy efficiency regulations, enhanced passenger experience, cost savings, safety and security, and compliance requirements contribute significantly to this growth.
What Is Driving The Growth In The Global Airport Smart Lighting Market?
The growth in air travel demand is expected to fuel the global airport smart lighting market in the coming years. With the increasing affordability and accessibility of flights alongside the expansion of low-cost carriers, more people are opting for air travel. A surge in air travel, such as the 119.3% increase witnessed in the European Union in 2022, necessitates improved visibility, safety, and energy efficiency in airports. Airport smart lighting solutions, designed to dynamically adjust based on passenger flow, weather conditions, and time of day, meet these needs and thus, their demand grows.
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Who Are the Key Players Driving The Global Airport Smart Lighting Market Growth?
Key players who significantly contribute to the global airport smart lighting market include:
- Siemens AG
- Honeywell International Inc.
- Safran S.A.
- Koninklijke Philips N.V.
- Signify Holding
- Acuity Brands Inc.
- TKH Airport Solutions
- Midstream Ltd.
- Astronics Corporation
- Schreder Group
- OCEM Airfield Technology
- ADB Safegate
- Carmanah Technologies Corp
- GMR ENLIGHTS s.r.l
- Sealite Pty Ltd.
- Eaton Corporation
- atg airports limited
- Delta Obstruction Lighting
- Avlite Systems
- Cree Inc.
- Airsafe Airport Equipment Co. Ltd.
What Are The Key Trends In The Global Airport Smart Lighting Market?
Major trends in the global airport smart lighting market include:
- Adoption of LED technology
- Integration of IoT and sensors
- Emphasis on sustainability
- Enhanced passenger experience
- Integration of the smart airport ecosystem
- Remote monitoring and management
- Data-driven insights and analytics
What Are The Segments Of The Global Airport Smart Lighting Market?
The global airport smart lighting market is segmented by:
1) Type: Runway Lightings, Taxiway Lightings, Visual Glide Scope Indicator, Other Types
2) Offering: Hardware, Services, Software
3) Light Source: Fluorescent Lighting, Halogen Lighting, Incandescent Lighting, Light Emitting Diode (LED) Lighting
4) Application: Airside, Airport Terminal, Airport Landside, Other Applications
Which Region Leads The Global Airport Smart Lighting Market?
In 2024, North America was the largest region in the airport smart lighting market. However, Asia Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in the market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Global Airport Smart Lighting Market Report?
- Market Size Analysis: Analyze the Airport Smart Lighting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Airport Smart Lighting Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Airport Smart Lighting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Airport Smart Lighting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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