Expect Asia-Pacific To Emerge As Stronger airport lighting Manufacturing Force

The airport lighting market is projected to reach USD 672.2 Million by 2021, at a CAGR of 7.2% from 2016 to 2021.

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 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.

The market for airport lighting has been estimated to be the largest in North America, due to increased focus towards reducing energy consumption and the need to cut down maintenance costs for lights. The airport lighting market in the Asia-Pacific region is expected to grow at the highest CAGR, due to various initiatives related to airport infrastructure expansions. This growth can also be attributed to the increase in government spending for infrastructure development, growing GDP of the region, and rise in air traffic.

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.

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

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