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Table of Contents
Airport lighting systems offer improved visual guidance by supporting in aircraft landing by radiating light beams. The major resolves of airport lighting systems are prevention of aircraft collisions, and provision of support to the pilots. Airports are increasingly adopting smart airfield lighting monitoring systems to enhance the efficiency and situational awareness of air traffic control (ATC). These lighting monitoring systems integrate airfield lighting, airfield surveillance, and aircraft tracking systems to guide aircraft through the safest and quickest path thereby helping in achieving optimum aircraft routing.
The additional taxi time per movement can be reduced by up to three minutes through the implementation of such smart airfield light monitoring systems. Hence, the advent of smart airfield lighting monitoring systems is identified as a key trend that will boost the demand for commercial airport lighting during the next five years. The high penetration rate of LED lightings in commercial airports is one of the key drivers to the growth of the market. LEDs offer higher energy efficiency than traditional lighting sources and have low operating and maintenance cost.
The study covers a detailed analysis, growth and forecast of the Commercial Airport Lighting Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2018 to 2023 and market forecast for 2024 to 2030 based on revenue generated. The study includes market value in terms of revenue in million USD for years 2018-2030 and compound annual growth rate (CAGR) in % from 2024 to 2030. The market is expected to show constant growth between 2024 to 2030.
The report comprises value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for Commercial Airport Lighting Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study Commercial Airport Lighting Market helps users to make precise decision to expand their market presence and increase market share.
The report provides Commercial Airport Lighting Market Dynamics, includes industry growth drivers, challenges, opportunities, risk, constraints as well as threats. Report also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Commercial Airport Lighting Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.
Global Commercial Airport Lighting Market: Product Type
Global Commercial Airport Lighting Market: Application
Global Commercial Airport Lighting Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Commercial Airport Lighting Market:
Geographical analysis of Global Commercial Airport Lighting Market:
Global Commercial Airport Lighting Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 607.08 million |
Forecast Value (2031) |
USD 865.68 million |
CAGR (2025-2030) |
5.2 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Commercial Airport Lighting Market was valued at around USD 607.08 million in 2023 & estimated to reach USD 865.68 million by 2030.
Commercial Airport Lighting Market is likely to grow at Compound Annual Growth Rate (CAGR) of 5.2% between 2024 to 2030.
Commercial Airport Lighting Market is dominated by the LED Lighting segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Commercial Airport Lighting Market are
Primary driving factors for the growth of the Commercial Airport Lighting Market include Advent of smart airfield lighting monitoring systems along with high penetration rate of LED lightings in commercial airports.
Yes, the report includes COVID 19 impact on the market.
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