Market Snapshot
| Study Period: | 2018 - 2026 |
| Base Year: | 2020 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | Asia Pacific |
| CAGR: | >4.3 % |
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Market Overview
The commercial airport lighting market is anticipated to register a CAGR of over 4.3% during the forecast period (2021 - 2026).
Due to the impact of the COVID-19 pandemic, the passenger traffic handled by the airports has witnessed a decline of more than 50%. This has significantly affected the revenues of the airport operators, thereby it is anticipated to slow down the investments towards modernization of the airport lighting systems. This is anticipated to affect the growth of the market in the short term.
The growth of the commercial airport lighting market is propelled by the construction of new airports and modernization of the existing airport infrastructure around the world, in order to cater to the increasing passenger traffic.
The increasing emphasis on decreasing energy consumption and reducing carbon emissions in airports is shifting the focus of the airport operators from the use of conventional incandescent lights to solar power LEDs in airports. This is expected to accelerate the growth of the commercial airport lighting market during the forecast period.
Scope of the Report
The study on the commercial airport lighting market includes all types of lighting systems that are used to indicate directions to aircraft, during landing, takeoff, and parking, in addition to providing support to other aircraft operations. The lights that are installed in runways, taxiways, and airports indoors, along with lights at the airside, which consist of VASI (visual approach slope indicator) and PAPI (precision approach path indicator), wind cone lights, and runway edge and runway end lights, as well as ALS, among others, are also included in the report. The market is segmented based on usage into the terminal side, ground side, and airside. The report also covers the market sizes and forecasts for the market in different regions. The market sizing and forecasts have been provided in value (USD billion).
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| Application | |
| Runway Lights | |
| Taxiway Lights | |
| Indoor Lights | |
| Ground Guidance Lights | |
| Obstruction Lights |
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Key Market Trends
Construction of New Airports will Generate Demand for New Airport Lighting Systems
Prior to the outbreak of the pandemic, air passenger traffic was growing at an alarming rate with several existing airports operating at their full capacity. The global air passenger traffic increased from about 3.57 billion in 2015 to about 4.5 billion in 2019. With future growth in view, several governments allocated funds for new airports to improve connectivity as well as reduce pressure on the major airports. China plans to open over 30 new civil airports and is targeting a 43% increase in civil aviation capacity under the 14th Five-Year Plan (2021-25). Airports that mainly serve as bases for regional airlines will be targeted during the next five years with construction plans in third-tier cities such as Shuozhou in North China's Shanxi Province, Jiaxing in East China's Zhejiang Province, Ruijin in East China's Jiangxi Province, and Aral in Northwest China's Xinjiang Uygur Autonomous Region. CAAC also raised the subsidy standards by 40% to airports located in places where ground traffic is poor. India is also rapidly growing its civil aviation with the construction of new small airports under the UDAN scheme. Since the start of UDAN, 43 airports have started operations. Four of these commenced in 2019-20. Earlier in 2020, India’s Union Minister for Finance and Corporate Affairs announced that 100 additional airports will be developed in the country by 2024. Likewise, new airports are also being constructed in the Middle-East and Africa, and the Europe. Such developments over the next decade will generate demand for all types of airport lights and will drive the market growth.
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Asia-Pacific to Experience the Fastest Growth in the Coming Years
Currently, Asia-Pacific has the largest market share, and it is expected to grow rapidly during the forecast period. The construction of new airports and modernization of the existing airports are expected to generate demand for new and innovative lighting systems in this region. China is currently the largest aviation market in 2020 in terms of passenger traffic. A similar surge in passenger traffic in various countries like India, Indonesia, and Australia, among others is expected to increase the investments towards expanding their existing aircraft infrastructure and construction of new airports in the countries. This is expected to drive the growth of the commercial airport lighting market in the region during the forecast period. Also, the airports in the region are changing their existing lights with new lighting systems to conserve their energy and carbon emissions. In this regard, as of July 2021, the Rajiv Gandhi International Airport at Hyderabad completed the conversion of 98% of its Airside lighting (Airfield signage, taxiway centerline lights, runway lights) with energy-efficient LED lighting. Similarly, Honeywell was selected to upgrade the airfield lighting control and monitoring systems at Incheon International Airport enhance passenger service and streamline airport operations as part of ongoing improvement project. The project is scheduled to be completed in October 2022. Such initiatives in this region may propel the growth of the market during the forecast period.
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Competitive Landscape
The commercial airport lighting market is fragmented, with the presence of many players. Some of the prominent players in the market are ADB Safegate, TKH Group NV (TKH Airport Solutions), OCEM Energy Technology, Eaton Corporation, Astronics Corporation, and Philips. With the increased implementation of efficient LED-based airfield lighting in place of incandescent lighting, companies are also exploring new wireless or contactless power concepts that minimize the installation and maintenance challenges. Also, investments in lighting with built-in intelligence, which enables the retrieval of data and performance prediction, in turn, allowing more preventive maintenance, can give the market players a competitive advantage over their competitors.
Recent Developments
- In July 2021, more than 130 lights that make up the runway lighting system at the Mariehamn Airport were replaced with eco-friendly LED lighting. The energy consumption of the new LED lighting is about 30% of the previous lights’ energy consumption.
- In March 2021, TKH Airport Solutions announced the launch of a new product family of elevated airfield ground lights. Key features of the new 797-series are the low energy consumption, the IP69 rating, and the individually controllable circling guidance light and heated front glass.
- In March 2021, Florida’s Boca Raton Airport (BCT) installed a Hali-Brite LED rotating beacon, the first navigation aid of its kind to receive FAA approval for use at public airports. The new beacon provides a higher light output than conventional metal halide rotating beacons.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD billion)
5.1 Usage
5.1.1 Terminal Side
5.1.2 Ground Side
5.1.3 Airside
5.1.3.1 VASI and PAPI
5.1.3.2 Wind Cones
5.1.3.3 Runway Edge and End Lights
5.1.3.4 ALS
5.2 Application
5.2.1 Runway Lights
5.2.2 Taxiway Lights
5.2.3 Indoor Lights
5.2.4 Ground Guidance Lights
5.2.5 Obstruction Lights
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 France
5.3.2.3 Germany
5.3.2.4 Italy
5.3.2.5 Switzerland
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Rest of Latin America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 United Arab Emirates
5.3.5.3 Qatar
5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 ADB Safegate
6.2.2 Honeywell International Inc.
6.2.3 TKH Group NV (TKH Airport Solutions)
6.2.4 OCEM Airfield Technology
6.2.5 Airsafe Airport Equipment Co. Ltd
6.2.6 Eaton Corporation
6.2.7 Youyang Airport Lighting Equipment Inc.
6.2.8 atg airports limited
6.2.9 Astronics Corporation
6.2.10 Abacus Lighting Limited
6.2.11 Signify Netherlands B.V. (Philips)
6.2.12 Siemens AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Commercial Airport Lighting Market market is studied from 2018 - 2026.
What is the growth rate of Commercial Airport Lighting Market?
The Commercial Airport Lighting Market is growing at a CAGR of >4.3% over the next 5 years.
Which region has highest growth rate in Commercial Airport Lighting Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Commercial Airport Lighting Market?
Asia Pacific holds highest share in 2020.
Who are the key players in Commercial Airport Lighting Market?
ADB Safegate, TKH Group NV (TKH Airport Solutions), OCEM Airfield Technology, Eaton Corporation, Astronics Corporation are the major companies operating in Commercial Airport Lighting Market.
