Airport Lighting Market research Analysis Global Forecast to 2021

The report "Airport Lighting Market by Type (Runway, Taxiway & Apron Lighting Systems), Position (In-Pavement Lighting, Elevated Lighting & PAPI), Technology (Non-LED and LED), and by Geography - Global Forecast to 2021", The airport lighting market is projected to reach USD 672.2 Million by 2021, at a CAGR of 7.2% from 2016 to 2021. A number of factors, such as rise in air traffic and increasing focus towards enhancing energy savings are expected to drive the growth of the airport lighting market.

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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.

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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