Commercial Airport Lighting Market Size
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
|CAGR:||> 4 %|
*Disclaimer: Major Players sorted in no particular order
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Commercial Airport Lighting Market Analysis
The commercial airport lighting market is anticipated to register a CAGR of over 4% during the forecast period (2022 - 2027).
Due to the impact of the COVID-19 pandemic, the passenger traffic handled by the airports witnessed a decline of more than 60% in 2020 and about 50% in 2021. This has significantly affected the revenues of the airport operators, which is anticipated to slow down the investments towards the modernization of the airport lighting systems. This is anticipated to affect the market's growth in the short term.
Before the pandemic, 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 to cater to the increasing passenger traffic. This factor is also expected to drive the market in the future once the effect of the pandemic subsides.
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.
Commercial Airport Lighting Industry Segmentation
The study on the commercial airport lighting market includes all types of lighting systems 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 on usage into the landside and airside. The report also covers the market sizes and forecasts in different regions. The market sizing and forecasts have been provided in value (USD billion).
Commercial Airport Lighting Market Trends
This section covers the major market trends shaping the Commercial Airport Lighting Market according to our research experts:
Construction of New Airports will Generate Demand for New Airport Lighting Systems
Before the pandemic, air passenger traffic was growing at a healthy 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 and reduce pressure on the major airports. For instance, as part of the Saudi Vision 2030, the country's aviation strategy includes expanding existing airports and focusing on two large airports in Riyadh and Jeddah. 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). CAAC also raised the subsidy standards by 40% to airports 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, about 50 airports have started operations. The government also plans to develop 100 additional airports by 2024. Likewise, new airports are also constructed in Latin America, North America, and Europe. Such developments over the next decade are likely to generate demand for all types of airport lights and drive 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 the modernization of the existing airports are expected to generate demand for new and innovative lighting systems. In terms of passenger traffic, 7 of the world's 10 busiest airports in 2021 were in China. A surge in passenger traffic in various countries like India, Indonesia, and Australia is expected to increase the investments toward 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. 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, and runway lights) with energy-efficient LED lighting.
Similarly, Honeywell was selected to upgrade the airfield lighting control and monitoring systems, enhance passenger service, and streamline airport operations at the Incheon International Airport as part of the ongoing improvement project. The project is scheduled to be completed in October 2022. Such initiatives in this region may propel the market's growth during the forecast period.
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Commercial Airport Lighting Industry Overview
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, and Astronics Corporation. 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, there is a growth in investments in lighting with built-in intelligence, which enables the retrieval of data and performance prediction, allowing more preventive maintenance. It can give the market players a competitive advantage over their competitors. Such investments are expected to drive the growth of the players during the forecast period.
Commercial Airport Lighting Market Leaders
TKH Group NV (TKH Airport Solutions)
OCEM Airfield Technology
*Disclaimer: Major Players sorted in no particular order
Commercial Airport Lighting Market News
- In August 2021, The Airports Authority of India (AAI) announced that it installed a state-of-the-art Precision Approach Lighting System (PALS) on the runway of the Thiruvananthapuram International Airport to improve safety during aircraft landings.
- In July 2021, Mariehamn Airport announced that more than 130 lights that make up the runway lighting system at the 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 to receive FAA approval for use at public airports. The new beacon provides a higher light output than conventional metal halide rotating beacons.
Commercial Airport Lighting Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
1.3 Currency Conversion Rates for USD
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Size and Forecast, Global, 2018 - 2027
3.2 Market Share by Usage, 2021
3.3 Market Share by Geography, 2021
3.4 Structure of the Market and Key Participants
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Technology Trends
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers/Consumers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2027)
220.127.116.11 Runway Lights
18.104.22.168 Taxiway Lights
22.214.171.124 Ground Guidance Lights
126.96.36.199 Obstruction Lighting, Aircraft Warning Lights, and Tower Beacons
188.8.131.52 Other Usages
5.2.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.2.4 Latin America
188.8.131.52 Rest of Latin America
5.2.5 Middle-East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 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 BV (Philips)
6.2.12 Siemens AG
6.3 Other Companies
6.3.1 Flight Light Inc.
6.3.3 Avlite Systems
6.3.4 AMA Private Limited
6.3.5 Airport Lighting Company
6.3.7 AIRPORT LIGHTING SPECIALISTS
6.3.8 Genesis Lamp
7. MARKET OPPORTUNITIES
Commercial Airport Lighting Market Research FAQs
What is the study period of this market?
The Commercial Airport Lighting Market is studied from 2018 - 2028.
What is the growth rate of Commercial Airport Lighting Market?
The Commercial Airport Lighting Market is growing at a CAGR of >4% 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 2018 - 2028.
Which region has largest share in Commercial Airport Lighting Market?
Asia Pacific holds highest share in 2021.
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.
Commercial Airport Lighting Industry Report
Statistics for the 2023 Commercial Airport Lighting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Commercial Airport Lighting analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.