PUNE, India, July 8, 2016 /PRNewswire/ --
The report "Airport Lighting Market by Type (Runway, Taxiway & Apron Lighting Systems), Position (In-Pavement Lighting, Elevated Lighting & PAPI), Technology (Non-LED and LED), and by Geography - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to reach USD 672.2 Million by 2021, at a CAGR of 7.2% from 2016 to 2021.
(Photo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 85 market data Tables with 42 Figures spread through 148 Pages and in-depth TOC on "Airport Lighting Market"
http://www.marketsandmarkets.com/Market-Reports/airport-lighting-market-1060.html
Early buyers will receive 10% customization On this report.
A number of factors, such as rise in air traffic and increasing focus towards enhancing energy savings are expected to drive the growth of the airport lighting market.
The LED lights segment is projected to lead the airport lighting market during the forecast period.
The LED lights segment dominates the airport lighting market, and is expected to continue its dominance over the next five years, primarily driven by the need for energy conservation at airports and reduction in maintenance costs. It has been proven that the LED lights save up to 40% energy compared to that of non-LED lights.
The in-pavement/inset lights segment is expected to grow at the highest CAGR during the forecast period.
The Airport Lighting Market has been segmented and analyzed in terms of three positions of lighting, which include in-pavement/inset lights, elevated lights, and precision approach path indicator (PAPI). The in-pavement/inset lights segment is projected to grow at the highest CAGR from 2016 to 2021. This growth is mainly attributed to the increased spending by aviation authorities towards adopting a more simple technology and hassle-free maintenance lighting systems.
Asia Pacific: The fastest-growing market for airport lighting
The market for airport lighting has been estimated to be the largest in North America, due to increased focus towards reducing energy consumption and the need to cut down maintenance costs for lights. The airport lighting market in the Asia-Pacific region is expected to grow at the highest CAGR, due to various initiatives related to airport infrastructure expansions. This growth can also be attributed to the increase in government spending for infrastructure development, growing GDP of the region, and rise in air traffic.
Inquiry Before Buying : http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1060
Honeywell International, Inc. (U.S.): One of the key players in the airport lighting market
The major players in this market have been identified to be Hella KGaA Hueck & Co., Honeywell International, Inc., Carmanah Technologies Corp., and ABB. Honeywell International, Inc. is one of the top companies profiled in the global airport lighting market. The company has a strong distribution network, along with a robust product portfolio and wide customer base.
Browse Related Reports:
Aircraft Lighting Market by Fit (Linefit, Retrofit), Aircraft Type (NBA, WBA, VLA and RTA), Light Type (Interior Light, Exterior Light), Technology and by Geography - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/aircraft-lighting-market-1092.html
Airport Stands Equipment Market by Equipment Type: Air Bridges (Steel, Glass), Preconditioned Air Unit (Fixed, Movable), Electrical Ground Power Unit (Fixed, Movable), Stand Entry Guidance System (VDGS, AVDGS), by Geography - Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/airport-stands-equipment-market-169640265.html
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets:
MarketsandMarkets is the world's No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article