Commercial Airport Lighting Market – Segmented by Usage, Application and Geography - Growth, Trends, and Forecast (2018 - 2023)

The Global Commercial Airport Lighting Market is expected to register a CAGR of 7.2% during the forecast period of 2018 - 2023. The Asia-Pacific countries are expected to record the highest growth rate for airport lighting systems in the coming years. Commercial airport lighting includes all types of lighting systems used to indicate directions to the aircraft, during landing, takeoff, and parking, in addition to providing support to other commercial aircraft operations. These lights are installed in runways, taxiways, and indoors as well. The development of new airports, expansion of existing airports, rising demand for commercial aircraft, and the need for energy-efficient lighting are some of the major factors driving the global commercial airport lighting market. Economic crisis in some economies, and regulatory and administrative issues subjected to airports, are some of the restraints identified in the market. Due to continuous usage, terminal lighting accounts for about 40% of the energy consumption. These lighting systems are necessary for operations inside buildings, even during the day.

India

India is poised to become the third largest aviation market by 2020. By 2020, passenger traffic at Indian airports is expected to increase to 421 million, from 223.61 million in 2016. As a result, the development of new airports and the expansion of existing airports is expected to drive the demand for airport lighting. Rajiv Gandhi International Airport at Hyderabad has plans to become a 100% LED-lit airport, and about 75% of the work on the project has been completed. In 2017, GMR Hyderabad International Airport Ltd, which operates the airport, announced that it has converted the entire taxiway edge lights from halogen lamps to energy-efficient LEDs. The Indian government is also planning to invest USD 1.83 billion for the development of airport infrastructure, along with aviation navigation services, by 2026. Additionally, the growing private sector participation through the public-private partnership (PPP) route in various Greenfield and brownfield airport projects is expected to boost the market studied.

In the present scenario, the Government of India has allowed 100% FDI under automatic route for Greenfield projects, whereas, 74% FDI is allowed under automatic route for brownfield projects. There is a 100% tax exemption provided for airport projects, for a period of 10 years.

Source: Mordor Intelligence Analysis

Key Developments in the Market

• February 2018: The Company ABB has announced that they will integrate the Baldor Electric Company name into their global brand as a part of their Next level strategy. From March 1, 2018, the Baldor Electric Company will be known as ABB.
• January 2018:  Avlite systems acquired the majority interest in Laser Guidance Inc.
• January 2017: Abacus opened its new Regional Office in Dubai.

Major Players: ATG Airports, Abacus Lighting, TKH Airport Solutions, Phillips, Vosla GmbH, Carmanah, Cooper Industries amongst others.

Reasons to Purchase this Report

• Provides Latest Insights into the commercial airport lighting market.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Detailed analysis on the region expected to witness fastest growth in the market
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 months analyst support along with the Market Estimate sheet (in excel)

Customization of the Report

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.