Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 629.59 Million | USD 1136.23 Million | 6.78% | 2023 |
Airport lighting is a noteworthy safety feature to smooth the progress of night flying and to create ambiance for customers at terminals. It usually includes the airport beacon as well as any white or red beacon lights on top of towers, buildings and construction equipment. The airport beacon is a large, influential rotating light that is highly visible from miles away. The airport beacon is differently categorized in nature. Public use airport beacons revolve green and white where as military airports revolve green and white, but have two white lights for each green light, which set apart them from civilian airports. Airport towers, buildings and other tall equipment on the field will have a small, steady red beacon on top of them to aid in conflict prevention for low-flying aircraft.
Expansion of airport infrastructure is one of the major drivers which drive the growth of the commercial airport lighting market. Apart from the expansion, the market involves various drivers which drive the growth, strategies, market positioning, and their various recent developments. The market adopts the various restraints and opportunities which generate growth for the commercial airport lighting market. Compatibility related issues of led lighting with the existing electrical infrastructure can be one of the restraints for the airport lighting market while the opportunity for the market can be compatibility related issues of led lighting with the existing electrical infrastructure.
The global commercial airport lighting market is segmented into types, divisions, and regions. The type segment for the commercial airport lighting market includes airport beacon, visual glidescope indicator, visual approach scope indicator (VASI), precision approach path indicator (PAPI), runway lighting, runway edge lighting, taxiway lighting, obstruction lighting, and others. Further, on the basis of the division, the market for commercial airport lighting market is segmented into airside lighting, landside lighting, and terminal lighting. The market is analyzed based on five regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The regional segment is bifurcated into various countries such as US, UK, France, Germany, China, Japan, India, and Brazil.
By geography, Asia Pacific is expected to exhibit the highest growth rate during the forecast period due to the demand for the energy efficient lighting. India, China, and Japan are the key region in Asia Pacific and play a major role in the development of the future airport lighting market. Asia Pacific is expected to emerge as a fastest growing segment in next few years due to increasing air traffic and the increasing demand for commercial aircraft. The Middle East is also expected to grow at a moderate rate in the coming years.
The leading companies in the global mobile advertising market are Honeywell International Inc., Philips, Safegate, Avlite Systems, Siemens AG, Cooper Industries, Airfield Lighting, Manairco Inc., GE, Goodrich Lighting Systems, and Astronicsamong others.
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