Airport Lighting Market Size, Share, Outlook By 2027

Airport Lighting Market to 2027 - Global Analysis and Forecasts by Type (Airport Beacon, Obstruction Lights, Approach Indicator Lights, Runway Centerline Lights, Taxiway Lights, Others); Application (Existing Airport and New Airport)

Publication Month : Jul 2019

  • Report Code : TIPRE00004011
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 152
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In terms of revenue, the global airport lighting market was valued at US$ 540.6 million in 2018 and is projected to reach US$ 1,039.2 million by 2027 at a CAGR of 7.7% during the forecast period 2019-2027.

 

The airport lighting market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. The global airport lighting market is populated with numerous players including well-established and industry recognized players as well as tier-2 companies, operating in different geographies. This is boosting the revenue generation in the market on yearly basis. Also, the entry barrier to the market is moderately low in the current times due to the high product demand, which as a result is impacting in the rise of new players in the market. Airports and airfield play crucial roles in the transformation of the aviation sector. Airport lights are an integral part of aircraft operations, and thus, emphasize on the same from manufacturers to end users is continuously rising in the current scenario.

Lucrative Regional Airport Lighting Market

Lucrative Regional Airport Lighting Market
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Market Insights–Airport Lighting Market

Adoption of Solar Powered LED Lighting Solutions

The traditional lights or incandescent lights installed around the airports globally has served for years. However, these lights incurred significant maintenance, repair, and replacement costs. In order to cut short the operational costs, the airport authorities are increasingly inclining towards cost-efficient lighting solution. Solar powered LED lights offer significantly lesser costs as compared to its counterpart. These solar powered LED lighting solutions convert solar energy captured during the daytime to electrical energy, which supports seamless landing, takeoff, and taxiing operations during nighttime. Also, these solar-powered lights require less maintenance, which benefits the airport authorities from incurring huge operational year on year costs.

Several airports in recent years have been replacing traditional airport lights with solar-powered lights. For instance, in 2017, Rajiv Gandhi Hyderabad International Airport, India replaced the conventional taxiway lights with solar powered lights, which then facilitated the airport authority to reduce its operational costs. Similarly, in 2017, Bonriki International Airport, Kiribati, installed 107 solar powered runway lights and 41 solar powered taxiway lights. Thus, the awareness related to the benefits of solar-powered LED lights among the airport authorities in the developing regions is growing, which is driving the airport lighting market.

Moreover, the solar-powered LED lighting solutions are easy to install, even in remote locations and offers green technology, which leads to reduced environmental pollutions. Pertaining to the fact that the global aviation sector is striving hard to reduce environmental polluting agents, the adoption rate of solar-powered LED lights is constantly mounting. This factor is a key booster for the businesses of market players operating in solar powered LED airport lighting industry.

Type Segment Insights

Based on type, the obstruction light segment dominated the global airport lighting market in 2018. Rising focus towards modernization air traffic control (ATC) tower is increasing the interest among the airport authorities to opt for high intensity, solar powered LED based obstruction lights.

Application Segment Insights

Based on application, the market is bifurcated into existing airports and new airports. The new airport segment is expected to grow at a faster rate during the forecast period. Asia Pacific region ranks first in the list of renovation or up gradation of airports including runways and taxiways. China and India airport authorities, along with government, have invested significant amounts in up gradation of existing airports.

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Airport Lighting Market: Strategic Insights

airport-lighting-market
Market Size Value inUS$ 540.6 Million in 2018
Market Size Value byUS$ 1,039.2 Million by 2027
Growth rateCAGR of 7.7% from 2019-2027
Forecast Period2019-2027
Base Year2019
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • In 2019, Carmanah Technologies’ obstruction lighting business is acquired by SPX Corporation, this acquisition added all the products and solutions of Carmanah’s segment to the Detection & Measurement segment of SPX Corporation. 
  • In 2019, Ethiopian airports selected OCEM to boosts it presence in Africa, OCEM supplies its products to two of Ethiopian major airports namely: Aba Segud Airport (also known as Jimma Airport) and Hawassa International Airport.
  • Astronics launched new ambient lighting for aircraft cabins namely: “Nuancia RGBW Strip Lights”. These lighting provides flexible illumination options to aircraft cabins and seats.

The global airport lighting market has been segmented as follows:

Airport Lighting Market – By Product Type

  • Airport Beacon
  • Obstruction Lights
  • Approach Indicator Lights
  • Runway Centerline Lights
  • Taxiway Lights
  • Others

Airport Lighting Market – By Application

  • Existing Airport
  • New Airport

Airport Lighting Market- By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Australia
    • India
    • South Korea
    • Japan
    • Rest of APAC
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM


Airport Lighting Market – Companies Profiles

  • ADB Safegate
  • Airfield Lighting
  • Astronics Corporation
  • Avlite Systems
  • Carmanah Technologies
  • Eaton (Cooper Industry)
  • General Electric
  • Honeywell International Inc.
  • OCEM Airfield Technology
  • OSRAM GmbH.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type ; Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. ADB Safegate
  2. Airfield Lighting
  3. Astronics Corporation
  4. Avlite Systems
  5. Carmanah Technologies
  6. Eaton (Cooper Industry)
  7. General Electric
  8. Honeywell International Inc.
  9. OCEM Airfield Technology
  10. OSRAM GmbH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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