This report provides a market analysis of the airport lighting market over the next five years. It discusses industry and technology trends that currently prevail in the market. It analyses factors that drive and restrain the growth of this market, and challenges faced by this market. The global airport lighting market is projected to grow from USD 473.7 million in 2016 to USD 672.2 million by 2021, at a CAGR of 7.2% during the forecast period. Some of the key drivers influencing the growth of this market include rise in air traffic and increasing focus towards reducing energy consumption.

Download PDF Brochure:
http://www.marketsandmarkets.com/pdfdownload.asp?id=1060

The global airport lighting market has been segmented on the basis of type, position, and technology. Based on type, the market has been segmented into runway lighting systems, taxiway lighting systems, and apron lighting systems. On the basis of position, the market has been classified into in-pavement/inset lights, elevated lights, and PAPI. With respect to technology, the market has been categorized into LED and non-LED.

The runway lighting systems segment is expected to dominate the airport lighting market, segmented based on position. This segment dominates the airport lighting market, and is expected to continue its dominance over the next five years, primarily driven by the expansion in airport infrastructure and increasing focus on controlling maintenance costs.

The Asia-Pacific (APAC) region is expected to exhibit the highest growth rate in the airport lighting market during the forecast period. This growth is mainly attributed to the increase in government spending for airport infrastructure development and upcoming new airports.

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.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually 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 infographics 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
1-888-600-6441
Email: [email protected]