Global Airport Lighting Market 2018 & 2019-2027: Increasing Focus Towards Improvement of Existing Airports
DUBLIN, Oct. 25, 2019 /PRNewswire/ -- The "Airport Lighting Market to 2027 - Global Analysis and Forecasts by Type; Application" report has been added to ResearchAndMarkets.com's offering.
The global airport lighting market accounted for US$ 540.6 Mn in 2018 and is expected to grow at a CAGR of 7.7% during the forecast period of 2019 - 2027, to account US$ 1,039.2 Mn by 2027.
The global airport lighting market is experiencing steady growth during the forecast period. Owing to the adoption of solar powered LED lighting solutions and renovation of existing airports. In order to cut short the operational costs, the airport authorities are increasingly inclining towards cost-efficient lighting solution.
Solar powered LED lights offer significantly lesser costs as compared to its counterpart. However, under-investments towards new construction as well as renovation of existing airports in North American countries are directly hindering on the growth of airport lighting market in the current scenario.
A key trends which will predominantly affect the airport lighting market in the coming years are the growing trend of integrating advanced technologies in airfield ground lighting solutions. The airport lighting solutions have come a long way with continuous advancements in the industry. Also, the adoption of technologically robust airfield lighting systems has been remarkable over the years.
The airport lighting system manufacturers are investing significant time and amounts in R&D of new product. There is an increasing emphasize on R&D of advanced lighting solutions to cater to the demand for brighter and cleaner lights. This factor is attracting several airport authorities to adopt the advanced airport lighting solutions in recent times, which pose a significant opportunity for the industry players operating in the airport lighting market.
Airport lighting market by application is segmented into existing airports and new airports. Existing airports holds the highest market share. Growing investments by the government and airport authorities of different countries around the world for airports modernization is anticipated to boost the market growth. For instance. the Russian government is continually working towards the enhancement of runways and taxiways with the utilization of advanced lights. This factor has positively impacted the airport lighting manufacturer's businesses.
Key Topics Covered:
1. Introduction
1.1 Scope of The Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. Airport Lighting Market Landscape
4.1 Market Overview
4.2 Airport Lighting Market - Porter's Five Forces
4.2.1 Bargaining Power of Buyers:
4.2.1.1 Increasing Focus towards Improvement of Existing Airports
4.2.2 Bargaining Power of Suppliers:
4.2.2.1 Supplier Concentration is Moderately Growing
4.2.3 Threats to Substitutes:
4.2.3.1 No existence of alternative technology decrease the threat to substitute in the current scenario
4.2.4 Threats of New Entrants:
4.2.4.1 Recognized Brands Capture the Maximum Market
4.2.5 Degree of Competition:
4.2.5.1 Existence of Financially Balanced Manufacturers & Suppliers
4.3 Airport Lighting Market - Ecosystem Analysis:
5. Airport Lighting Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Renovation of Existing Airports is Stimulating the Demand for Airport Lighting Solutions
5.1.2 Adoption of Solar Powered LED Lighting Solutions
5.2 Key Market Restraints
5.2.1 Under-Investments towards New Construction as well as Renovation of Existing Airports in North American Countries
5.3 Key Market Opportunities
5.3.1 Increasing Number of New Airport Construction Project in Asia Pacific Region is Accentuating the Business of Market Players
5.4 Future Trends
5.4.1 Growing Trend of Integrating Advanced Technologies in Airfield Ground Lighting Solutions
5.5 Impact Analysis Of Drivers And Restraints
6. Airport Lighting Market - Global Analysis
6.1 Global Airport Lighting Market Overview
6.2 Global Airport Lighting Market Forecast And Analysis
6.3 Airport Lighting Market Positioning - 2018
7. Airport Lighting Market Revenue and Forecasts to 2027- Type
7.1 Overview
7.2 Global Airport Lighting Market Breakdown, By Type, 2018 & 2027
7.3 Airport Beacon Market
7.4 Obstruction Light Market
7.5 Approach Indicator Light Market
7.6 Runway Centerline Light Market
7.7 Taxiway Light Market
7.8 Others Market
8. Airport Lighting Market Revenue and Forecasts to 2027- Application
8.1 Overview
8.2 Global Airport Lighting Market Breakdown, By Application, 2018 & 2027
8.3 Existing Airport Market
8.4 New Airport Market
9. Airport Lighting Market - Geographical Analysis
10. Airport Lighting Market - Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Airport Lighting Market - Company Profiles
- ADB Safegate
- Airfield Lighting
- Astronics Corporation
- Avlite Systems
- Carmanah Technologies
- Eaton (Cooper Industry)
- General Electric
- Honeywell International Inc.
- OCEM Airfield Technology
- OSRAM GmbH
For more information about this report visit https://www.researchandmarkets.com/r/8m3sji
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article