Airport Smart Lighting Market Share, Trends, Growth, Analysis, Industry Research and Forecast, 2017-2024: Global Market Insights Inc.

Airport Smart Lighting Market size will witness significant growth in forecast period due to rising necessity to improve operational efficiency. Shifting focus on passenger safety & security to avert impacts & accidents is among the key factor driving industry growth.

Increasing passenger inflow due to rising travelling frequencies has enhanced demand for 24 hours illumination system. Increasing focus on infrastructure development along with expansion in global aviation industry will support the airport smart lighting market. Rising adoption of LED based systems to improve overall cost effectiveness is among key fueling factors of industry growth.

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Inclination towards energy conservation coupled with high airfield energy consumption enhanced the airport smart lighting market. As per analysis, transportation accounts around 28% of global energy consumption. Rising demand for advanced systems to automate luminaire switching as traditional systems remain active all the time will drive product demand.

Shift in government focus on energy efficient and sustainable solutions to enhance energy conservation will drive industry demand. Moreover, increasing adoption of efficient fixtures, automated controls and digital systems are key factors fueling business growth. Increasing public concerns on light and sound pollution has enhanced the product demand.

Global airport smart lighting market is further segmented based on product as, airside, landside and terminal systems. Airside segment dominated the industry share in 2016. Rising demand for advanced luminaires at taxiway, runway and visual glide scope indicator will support the industry demand. Stringent regulations on illumination particularly at night operations are the driving factors of industry growth.

Airport smart lighting market revenue is led by North America with presence of significant number of airfields. Increasing security concerns along with necessity to track passenger movement in the terminal has enhanced industry growth. Stringent regulations to ensure passenger security due to rising safety concerns will support product scope.

Europe airport smart lighting market is anticipated to witness notable gains. Growth in tourism industry enhancing travelling frequencies are major factors positively influencing industry growth. Increasing government spending on infrastructure development accompanied by presence of large number of component suppliers will propel product demand.

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Global airport smart lighting market share is moderately consolidated due to presence of few companies. Honeywell International, Schréder Group, Koninklijke Philips, HELLA, and Carmanah Technologies are the major industry players. Heavy R&D investment, product portfolio expansion, supply agreements, collaborations and product innovations are key strategies observed among industry participants.

Technology upgradation is the major focus among manufacturers as the industry is based on technological evolution. Other notable players include ATG Airports, C2 SmartLight, Eaton, Sensity Systems and OSRAM.

Airport Smart Lighting Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Australia, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/airport-smart-lighting-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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