Press release
Commercial Airport Lighting Market 2018 by Global key Players: Abacus Lighting, atg airports limited, Honeywell, Siemens AG, vosla Gmbh, ADB Airfield Solutions
For an airport to function optimally at all times it needs to have an effective & efficient lighting system. It is of utmost importance to ensure security of all the air travels of that particular facility. It plays a pivotal role in the proper management of air traffic. Its main purpose is to help in the precise operation of flights and assist in safe arrival & departure. Lately, owing to the growing concerns of the passengers the demand for proper lighting at airports has risen. As a result of which the global commercial airport lighting market is observing substantial growth.
Lighting systems are extremely essential in airports that experience a lot of traffic. It is an obvious fact that safety is the top priority for any given airport. An airplane has numerous passengers inside it hence with air travel there is absolutely no room for mistakes. The airfield markings have to be pitch perfect when an airplane is landing or taking off the runway.
It is an obvious fact that airplanes are the most important means of conveyance for people. People won’t stop using airplanes to travel anytime soon. Owing to this, it can be confidently said that the commercial airport lighting market will soar during the forecast period. Experts believe that the industry will earn above USD 724.8 million during 2018 – 2022. In terms of CAGR, the market is expected to grow at the rate of 6.89%.
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Major Key Players
Some of the key players in the Global Commercial Airport Lighting Market are Abacus Lighting, atg airports limited, Honeywell, Siemens AG, vosla Gmbh, ADB Airfield Solutions, Avlite Systems, Carmanah Technologies Corp., Crouse-Hinds, and Hella KGaA Hueck & Co.
The Global Commercial Airport Lighting Market going to Upsurges To Perceive Heightened Growth By 2021
Market Segmentation
The worldwide commercial airport lighting market has been bifurcated into applications and geographies.
On the basis of applications, the market is divided into terminal lighting, landside lighting & airside lighting.
When it comes to geographies, the market has been spread across various regions like North America, Europe, Asia Pacific & Rest of the World. Out of these the Asia Pacific region is expected to grow at the CAGR of around 11.76%.
Current Trends
There are many trends that cumulatively contribute to the growth of this market. Some of the trends for the global commercial airport lighting market are high need for enhancement of security at airports, emergence of novel products & technologies for monitoring purposes, increased usage of solar LED lights and the distribution of NB-loT to develop smart airports.
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Key Players & Strategies
Some of the most renowned names of the worldwide commercial airport lighting market are atg airports, General Electric, Avlite Systems & Eaton. Some of the main strategies adopted by these players is to invest in new product launches & product development methods.
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