Commercial Airport Lighting Market 2018 Global Opportunity Analysis, Statistics, Industry Size, Share, Competitive Landscape with Forecast to 2021

Pune, India -- (SBWire) -- 09/12/2018 --Market Highlights:

The global commercial airport lighting market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of commercial airport lighting market will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).

The high demand for commercial airport lighting market is due to the growth in the air passenger traffic. The economic boom in emerging countries has led to the development of world-class airports. This increases the participation of OEMs in the field of commercial airport lighting market. Moreover, the growing demand for commercial airport lighting market that satisfies the demand for air passenger traffic. The rapid aircraft fleet expansion along with the increased focus of OEMs on creating ambiance for passengers is expected to result in an increase in airport lighting and as well as it is expected to add to the growth of the market. However, integration of airfield LED light fixtures, the cost associated with lighting systems, and inconvenience caused due to improper visibility caused by LEDs installed at runways acts as a barrier to the growth of wide-body aircraft MRO market.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1623

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.

Industry/ Innovation/ Related News:

July, 2017 – Carmanah Technologies Corporation acquired Vega Industries Ltd to diversify the product portfolio.
Feb, 2017 – Honeywell signed a contract to implement a new airfield ground lighting control and monitoring system at Singapore Changi Airport. The new Honeywell system had covered three runways and associated taxiways, taxi lanes and apron lighting as well as facility control and management.

The commercial airport lighting market is completely dependent on the volume of air passenger traffic. Thus, the increasing or decreasing demand for the air passenger traffic directly has an impact on the market. Moreover, the factor responsible for the growth of commercial airport lighting market is growing air passenger traffic, investments on airport modernization and upgradation, and increased demand for passenger and aircraft safety. This is the primary factor that drives the growth of the global commercial airport lighting market and has gained prevalence in the recent times, with the usage of best in class technologies in aircraft. Thus, the growth of the commercial airport lighting market is expected to go hand in hand with the growth of investment in the aircraft industry.

"Adoption of solar LED lights due to improper visibility caused by LEDs installed at runways to power runway, taxiway, and terminal lights, coupled with evolution of technologies to monitor airfield lighting systems are the emerging trends, which would impact the market in the forecast period", states the MRFR Research Analyst while discussing the highlights of the study report.

The key factors driving the growth are growing air passenger traffic, investments on airport modernization and up gradation, and increased demand for passenger and aircraft safety. The increasing development of smart airports and new terminals are some major factors that boost the global market for Commercial Airport Lighting. Over the years, there have been increasing investments on airport infrastructure, particularly in the Asia-Pacific region. Moreover, a number of smart initiatives are being introduced at the airports, which is expected to augment the aviation industry, as a whole. With the International Air Transport Association (IATA) and Airports Council International (ACI) focusing on ensuring minimal inconvenience to pilots and facilitate optimized airport operations, the Commercial Airport Lighting are expected to be subjected to rapid technological developments. Developments of new airports, adds up a significant growth prospectus.

Regional Analysis

European region market is dominating the market of global commercial airport lighting market due to large amount of busiest airports. The market in the European countries is largely driven by growing fleet size of aircraft, which helps in growth of global commercial airport lighting market.
Asia Pacific is referred to as the second-largest commercial airport lighting market due to factors such as growing investment in world-class airports in developing countries have fuelled the demand for global commercial airport lighting market.

Segmentation

The global Commercial Airport Lighting market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Application : Comprises Short, Medium and Long
Segmentation by Technology : Comprises LED and Non LED
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Get a Complete Report @ https://www.marketresearchfuture.com/reports/commercial-airport-lighting-market-1623

Target Audience

- Airport Lighting Contractors
- System / Equipment Suppliers
- Government Bodies
- Airports
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager

About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.