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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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.

The airport lighting market is a competitive market, dominated by companies based on their core competencies. Key players operating in the market include ADB Airfield Solutions (U.S.), Honeywell International (U.S.), Inc., ABB (Switzerland), and Hella KGaA Hueck & Co. (Germany), among others. Honeywell International, Inc. is one of the top companies profiled in the market. The company has a strong distribution network, with centres across 70 countries worldwide. Since 1933, Honeywell has been a market leader in the market, with a robust product portfolio and wide customer base.

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