Airport modernization has been on the rise to accommodate an increase in the air traffic, Airport builders such as GMR, Skanska, Walsh have won multi-billion dollar contracts to expand, improve, build, and redesign the airport infrastructure of old and busy airports and terminals across the globe. In light of these growing investments, the market for commercial airport lighting is poised to grow at a CAGR of 5.01% during the forecast period.
Hartsfield-Jackson Atlanta International Airport was awarded a USD 6 billion improvement program, spanning 20 years. The project is aimed at expanding the airport’s capability in terms of a new 400 room hotel, new runway and a concourse. The expansion work began in June 2016, and plans are afoot to flood the terminals with natural lights instead of artificial lighting systems.
Terminal lighting accounts for about 40% of the energy consumption, due to continuous usage. These lighting systems are necessary for operations inside the buildings, even during the day. Most airports have landing approach lights, in addition to other lighting systems. These lights generally extend up to 200m before the landing strip begins, and are used for runway identification. However, usage of ALS is restricted to large airports in cities or outskirts. The current trend is energy-efficient lighting systems that consume less power, have longer life span, and are affordable.
This report is segmented by usage (terminal side, ground side, and airside), application (runway lights, taxiway lights, approach lights, and obstruction lights) and by geography.
Geographically, the airport lighting market would be led by the Middle East, Latin America, and some Asian countries, due to growing investments in airport infrastructure. Commercial air traffic has seen a significant rise in numbers in the last ten years. Countries like India, Indonesia, and China have seen double-digit passenger growth in the last two years. The economic development in the region and a rise in disposable income has increased the preference for air travel. This has added an approximate 140 million passengers since 2014, forcing the aviation industry to invest in airport infrastructure beyond runways, for higher returns.
Honeywell Aerospace and Zodiac Aerospace are some of the key players in this field.
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