Airport Lighting Market Projected to Reach USD 689.15 Million USD by 2022, at a CAGR of 7.20% between 2016 and 2022

Airport lighting is a very important safety feature to guide planes for using the taxiways and runways at night or in rain or fog and to create ambiance for passengers at terminals. Also, these lighting systems are crucial to safe takeoffs and landings during extreme conditions such as rain and fog. Almost every airport has lighting system for runways. Airport lights can be segmented into different types such as approach light systems, taxiway lighting, runway lighting, and general airport lighting.

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The Global Airport Lighting Market Research Report 2017 is a professional and in-depth study on the current state of the Airport Lighting market. Annual estimates and forecasts are provided for the period 2017 through 2022. Also, a six-year historic analysis is provided for these markets. The Airport Lighting industry was 454.21 million USD in 2016 and is projected to reach USD 689.15 million USD by 2022, at a CAGR of 7.20% between 2016 and 2022.

On runways, green lights signify the start of the landing strip for landing, whereas red lights indicate the ending of the landing strip. Runway edge lighting includes white lights indicate the edge of the runway, as they are placed on both sides of the runway. Some airports have further complex lighting system on the runways such as lights that move down the centerline of the runway and also lights that assist in signifying the approach, which is called as approach lighting system, or ALS. Alongside taxiways, blue lights point out the edge of the taxiway, and few airports have implanted green lights that signify the center line. Low-traffic airports could use airplane pilot controlled lighting system to save staffing costs and electricity.

The global airport lighting market is expected to witness rapid growth during the forecast period of 2017 to 2022 with substantial compound annual growth rate. The economic explosion in developing countries contributing to the expansion of world-class airports has highly benefitted the commercial airport lighting market. With the rising air traffic volume across the globe, upgradation of existing airports and development of new airports is in progress. This will fuel the growth of the global airport lighting market. With the development of new airports, the demand for commercial aircrafts and energy-efficient lighting is increasing rapidly and these factors are major drivers for the global airport lighting market over the forecast period. However, factors like inadequate funds and lack of management among airport authorities are hampering the growth of the global market. The effective and efficient management of airport lighting system for achieving cost cutting targets is restraining factors for airport authorities which might hinder the growth of the global airport lighting market.

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The key market players for the global airport lighting market are; ATG Airports Ltd., ADB Safegate bvba, Philips Lighting Holding B.V., vosla GmbH, HELLA Electronics Corporation, Carmanah Technologies Corporation, OCEM Acquisition Corp., Honeywell International, Inc., Astronics Corporation, Abacus Lighting Holdings Ltd., OSRAM Licht AG, Airsafe Airport Equipment Co., Ltd., Cree, Inc., Youyang Airport Lighting Equipment, Inc. and Eaton Corporation. According to type, the market industry is classified into; Runway Lights, Approach Lights, Stop Bars, Taxiway and Apron Lights and Others. By application, the global market is split into; Civilian and Commercial Airport and Military Airport. Geographically, the global airport lighting market is segmented into regions which are; Asia-Pacific, Southeast Asia, North America, Europe and rest of the World.

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