Technavio, a leading provider of market research reports, has released its latest study on Commercial Airport Lighting Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. LED lighting technology, which is energy-efficient and offers a significant reduction in electricity consumption compared to traditional halogen, fluorescent, and incandescent lights, is increasingly being adopted by commercial airports. LED lights, known for their long lifespan of up to 30,000-50,000 hours, emit 100% brightness instantly and do not produce infrared radiation (IR) or ultraviolet (UV) radiation. Solar LED lighting, an eco-friendly alternative, converts solar energy into electrical energy through photovoltaic solar panels. This technology offers numerous advantages, including better visibility, superior light output, and the absence of hazardous materials like mercury. The energy efficiency, extended lifespan, and low maintenance requirements of LED lighting, coupled with the sustainability of solar LED lighting, make them an attractive choice for airports aiming to reduce their carbon footprint and operating costs.
The global commercial airport lighting market size is estimated to grow by USD 140.9 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 3.68% during the forecast period. Growth in air traffic is driving market growth, with a trend towards shift from using conventional incandescent lights to led and solar-powered leds However, increasing competition poses a challenge.Key market players include Abacus Lighting Ltd., ADB Safegate BV, Airport Lighting Specialists, Amglo Kemlite Laboratories Inc., Astronics Corp., Atg airports Ltd., Carmanah Technologies Corp., Eaton Corp. Plc, Halliday Lighting Ltd., Honeywell International Inc., OCEM Airfield technology, OSRAM Licht AG, Sealite Pty Ltd., Siemens AG, Signify NV, SPX Technologies Inc., TKH Group NV, Tungsram Operations Kft, Velocity Airport Solutions, and Vosla GmbH.
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The commercial airport lighting market is a significant segment of the global capital goods industry, falling under the aerospace and defense sector. This market involves the production and provision of lighting systems for airports, contributing to the revenue of manufacturers and providers in the industry. The aerospace and defense market encompasses various domains, including commercial and general aviation, defense platforms, defense electronics, defense logistics, and space platforms. Additionally, maintenance, repair, and overhaul (MRO) activities related to these sectors are included in the market's scope. Technavio calculates the market size based on the combined revenues generated by companies engaged in industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors.
The Commercial Airport Lighting Market is experiencing significant growth, fueled by the Growth in air traffic. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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The Commercial Airport Lighting Market is a significant business sector, characterized by the production and installation of advanced lighting systems for airports. These systems ensure optimal visibility and safety for runways, taxiways, and terminal buildings. Market growth is driven by increasing air traffic, airport expansion projects, and technological advancements in LED lighting solutions. Companies in this market prioritize energy efficiency, durability, and ease of maintenance to cater to airport authorities and passengers.
The Commercial Airport Lighting Market is experiencing significant growth due to expanding existing airports and the aviation strategy of enhancing connectivity. The pressure is on airport operators to reach full capacity as air passenger traffic continues to increase at a healthy rate. This has led to the construction of new airports and the modernization of existing airport infrastructure. However, funds for these projects can be a challenge, leading to a short-term decline in maintenance and upkeep of airport lighting systems. Preventive maintenance is crucial to ensure the safety and efficiency of these systems, as well as to reduce energy consumption. Traditional incandescent lights have been a staple in airport lighting, but the shift towards energy-efficient Solar Power LEDs is gaining momentum. This not only reduces energy consumption but also aligns with the aviation industry's sustainability goals. Airport operators recognize the importance of airport lighting systems in enhancing the passenger experience and generating revenues. As such, investing in modern airport lighting systems is a priority, despite the initial costs. The Commercial Airport Lighting Market is expected to continue its expansion, driven by the increasing demand for connectivity and the need for efficient and sustainable airport infrastructure.
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