The 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% from 2016 to 2021. Airport lights are used to indicate directions to the aircraft, during landing, takeoff, and parking. These lights are installed in runways, taxiways, and aprons. The runway lights are generally white, taxiway lights are blue in color, and apron lights can be of any color. The apron lights can be replaced by reflective markers in smaller airports.
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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.
Browse 85 market data tables with 42 figures spread through 148 pages and in-depth TOC on "Airport Lighting Market "
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.
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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