The airport lighting market is projected to grow from USD 454.5 Million in 2015 to USD 672.2 Million by 2021, at a CAGR of 7.2% during the forecast period. Factors such as the expansion of airport infrastructure and rising focus on controlling maintenance costs are expected to contribute to the growth of this market. In this market research report, 2015 is considered to be the base year, and 2016 to 2021 is considered as the forecast period.

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Objectives of the Report

To define, describe, and forecast the airport lighting market on the basis of type, position, technology, and geography
To analyze the degree of competition in the market by identifying various parameters, including key market players
To identify and analyze the key drivers, restraints, opportunities, and challenges, influencing the airport lighting market
To analyze the demand side and supply side indicators and provide a factor analysis for the airport lighting market
To forecast the market size of segments with respect to various regions, which include North America, Europe, Asia-Pacific, the Middle East, and rest of the world (RoW)
To identify and illustrate political, economic, social, and technological factors influencing the airport lighting market
To strategically profile key market players and comprehensively analyze their market share and core competencies
To track and analyze competitive developments such as contracts, joint ventures, mergers & acquisitions, and new product developments in the airport lighting market
The ecosystem of the airport lighting market comprises type, position, and technology industries. Various airport lighting solution providers include ADB Airfield Solutions (U.S.), Honeywell International, Inc. (U.S.), ABB (Switzerland), and Hella KGaA Hueck & Co. (Germany), among others. Contracts comprise the major strategy adopted by key players in the global airport lighting market. This report would help the airport lighting manufacturers, suppliers, distributers, and sub-component manufacturers to identify hot revenue pockets in this market.

On the basis of type, the airport lighting market has been subsegmented into runway lighting systems, taxiway lighting systems, and apron lighting systems. The runway lighting systems subsegment in the market is projected to grow at the highest CAGR during the forecast period.

On the basis of position, the airport lighting market has been subsegmented into in-pavement/inset lights, elevated lights, and precision approach path indicator. The elevated lights subsegment dominates the market in terms of market size, and is expected to continue its dominance over the next five years. However, the in-pavement/inset lights segment in the market is projected to grow at the highest CAGR during the forecast period.

On the basis of technology, the airport lighting market has been subsegmented into non-LED and LED. The LED subsegment in the market is projected to grow at the highest CAGR from 2016 to 2021.

In the global airport lighting market, the Asia-Pacific (APAC) region is expected to exhibit the highest growth rate during the forecast period. The region acts as a manufacturing and outsourcing destination for the developed economies and attracts a lot of foreign investment. It constantly witnesses up gradation/renovation of airport infrastructure to support increase in air passenger traffic. This poses as a huge market opportunity for airport lighting manufacturers.

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