Zion Market Research has published a new report titled “Commercial Airport Lighting Market by Types (Airport Beacon, Visual Glide scope Indicator, Visual Approach Scope Indicator (VASI), Precision Approach Path Indicator (PAPI), Runway Lighting, Runway Edge Lighting, Taxiway Lighting, Obstruction Lighting), Divisions (Airside Lighting, Landside Lighting and Terminal Lighting). Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, the global commercial airport lighting market was valued USD 489.5 million in 2016 and is expected to reach around USD 734.6 million by 2022, at a CAGR approximately 7% for the forecast period from 2017 to 2022.
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The commercial airport lighting is a huge market that is gaining attention due to the increase in demand for the airport light product throughout the globe. Due to its application in the field of providing a visual aid and navigation approach to the pilot during the journey and also during the landing, the airport lighting market has gained huge success and is expected to expand more in the coming years. The market for commercial airport lighting is anticipated to expand at a CAGR of approximately 7% during the forecast period from 2017 to 2022 and market is expected to reach approximately USD 734.6 million in terms of revenue by 2022.
The commercial airport lighting market players have been focusing on the innovations in terms of technological advancements and to increase the safety and durability. Control of maintenance costs and increasing focus towards reducing energy consumption is one of the drivers which drive the growth of the airport lighting market. The emerging economies are expected to present lucrative growth opportunities to the global commercial airport lighting market than developed countries with advanced infrastructure.
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The global commercial airport lighting market is segmented into types, divisions, and regions. The type segment for the commercial airport lighting market includes airport beacon, visual glideslope indicator, visual approach scope indicator (VASI), precision approach path indicator (PAPI), runway lighting, runway edge lighting, taxiway lighting, obstruction lighting and others. Further, on the basis of the division, the market for commercial airport lighting is segmented into airside lighting, landside lighting, and terminal lighting. The market is analyzed based on five regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The regional segment is bifurcated into various countries such as US, UK, France, Germany, China, Japan, India, and Brazil.
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The major participants in the commercial airport lighting market include Honeywell International Inc., Philips, Safegate, Avlite Systems, Siemens AG, Cooper Industries, Airfield Lighting, Manairco Inc., GE, Goodrich Lighting Systems and Astronics.
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