Global Airfield Lighting Market was valued at US $581.15 Mn in 2019 and is forecasted to reach US$ 1XXX by 2027 at a CAGR of 7.Y%.
Basic insights into airfield lighting:
Airfield lighting helps pilot in locating and understanding the runway. It is helpful during low vision and adverse weather. In fact, airfield lighting is mainly adjusted as per pilot’s choice. It is controlled by Air Traffic Control tower. But in those airports where the tower is not in operation, Flight Station control the lights.
Global Airfield Lighting Market: Drivers and Restraints
Globalization has changed the facets of economic power and has shifted to different regions across the globe, with emerging markets empowering aviation industry. Urbanization and privatization have fueled air travel in recent years. As per IATA, air traffic would increase by 3.8% annually with seven billion passengers per year by 2034. As this growth continues, millions of passengers will not be able to fly despite planned construction efforts. Every region will face capacity shortage of around 50% by 2024. And this leads to construction of airports as well as planning proper digital transformations in airports. This will be one of the major factors driving airfield lighting market indirectly. Moreover, growth of megacities, alternative modes of rapid transport, human controlled-weather, alternative fuels and energy sources, extreme weather, strength and volatility of global economy, regional independence, defense priorities, tourism, government stability and ownership are some of the other important factors playing a vital role in the growth of global airfield lighting market in the forecasted period.
However, certain factors like visibility issues during bad weather, proper planning and execution of lighting projects in airports stand as a barrier to the growth of airfield lighting market in the coming years. Also, global income inequality and infectious diseases and pandemics may hamper aviation industry that can decrease the expected revenue generation. This, in turn, will refrain the airport authorities from expanding infrastructures and implementing advanced analytics wherein airfield lighting projects are also included; thus, hampering the global airfield market in a broader sense.
DRIVERS
Global Airfield Lighting Market Segmentation
Global Airport Lighting Market is Segmented by Airport Type (Commercial, Civil, and Military), by airport area (Runway Lighting, Taxiway Lighting and Apron Lighting), by application (Terminal Lighting, Landside Lighting, Airside Lighting), by Position (In-Pavement Lighting, Elevated Lighting, and Precision Approach Path Indicator Lighting), by Technology (LED and Non-LED), by Region (North America, Europe, Asia Pacific, Middle East & Africa, South America). By the application segment, the airside lighting is the dominant sector in the global airfield lighting market and is expected to hold its position in the forecasted period as well owing to necessary mandatory factor in every airport. LED division is leading the global airfield lighting market in the technology segment and is anticipated to hold the largest market share in the forecasted period. As per MMR study, the runway lighting is forecasted to grow at a CAGR of 4% approximately in the coming years. In 2019, runway lighting was valued US$ 262 million and it is estimated to reach US$ 344.77 million by 2027.
Global Airfield Lighting Market: Regional Analysis
Regionally, global airfield market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. The Asia-Pacific (APAC) region is expected to show the highest growth rate during the forecast period as it is the manufacturing and outsourcing destination for the developed economies and is attracting foreign investment. In the Asia Pacific region, the countries are constantly renovating airport infrastructure to support increase in air passenger traffic. Also, the rising demand for commercial aircraft in India and China is contributing to the market growth. South Asia Sub-Regional Economic Cooperation (SASEC) where countries like India, Bangladesh, Bhutan, Nepal, Sri Lanka, Maldives, and Myanmar are included is eyeing US$ 68.82 billion GDP in trade and tourism by 2025. This will drive airfield lighting market indirectly.
Middle East and Africa is expected to be the dominant region due to the expansion in aviation industry with technological advancements and expensive lightings. For instance, in 2020 Abu Dhabi has joined the group of those international airports after it implemented the advanced airfield lighting system. Through this step, UAE civil aviation industry is advancing towards sustainability and fuel efficiency.
In North American region, most of the airports have implemented and are moving towards advanced airfield lighting system. For instance, in the United States most of the airports have started implementing LED lights for runways from 2007. As per US Federal Aviation Administration, airports are moving from traditional incandescent lighting to LEDs wherein airport ground lighting such as approach light systems, taxiway, runway centreline, and ramp lighting are included owing to cost effectiveness. Elaine L. Chao, transportation Secretary of the United States, announced on July 28, 2020 a grant of over $273 million to 184 airports in 41 states and six territories for infrastructure and safety projects wherein investment in aircraft rescue and fire fighting equipment, runways and taxiways construction and renovation, aircraft lighting and signage installation and others are included. This grant will have positive impact on the growth of airfield lighting market.
Recent Industry News:
Rajiv Gandhi International Airport, Hyderabad has made complete transition to LED lights in May 2020. This project was undertaken by ADB Safegate. After this transition, this airport is recognised as Carbon Neutral Airport. In addition to this, the airport has successfully converted 19,500 conventional lamps out of 26,500 into LEDs and most importantly total savings from this conversion is around 2.2 million kWh’s annually.
Bandaranaike International Airport is the first airport in South Asia to install First LED Runway.
In July 2019, Hughey & Phillips, LLC, acquired the Airfield lighting product line from Astronics Corporation which is the leading provider of advanced technologies for global aerospace.
The objective of the report is to present a comprehensive analysis of the Airfield Lighting Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Airfield Lighting Market dynamics, structure by analyzing the market segments and project the Airfield Lighting Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Airfield Lighting Market make the report investor’s guide.
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Scope of Global Airfield Lighting Market
Airfield Lighting Market, by airport type
• Commercial airport
• Civil airport
• Military airport
Airfield Lighting Market, by airport area
• Runway Lighting
• Taxiway Lighting
• Apron Lighting
Airfield Lighting System, by application
• Terminal Lighting
• Landside lighting
• Airside Lighting
Airfield Lighting Market, by position
• In-pavement Lighting
• Elevated Lighting
• Precision Approach Path Indicator Lighting
Airfield Lighting Market, by technology
• LED
• Non-LED
Airfield Lighting Market, by region
• Asia Pacific
India
China
Japan
ASEAN
Rest of Asia
• North America
U.S.
Canada
• Europe
U.K
Germany
France
Russia
Spain
Italy
Sweden
• South America
Mexico
Brazil
Rest of South America
• Middle East & Africa
GCC
South Africa
Rest of MEA
Major Key Players in Airfield Lighting:
Apart from the above-mentioned major players, other players in Airfield Lighting are:
• Eaton
• Hella KGaA Heuck & Co
• Cree
• OCEM Airfield Technology
• Carmanah Technologies
• Vosla (NARVA)
• Youyang
• Abacus Lighting
• ATG Airports
• Airsafe Airport Equipment
• Transcon
• Shah Electronics
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