Global Airport Lighting Market Update

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.

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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.

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