The heliport lighting market size is expected to record an incremental growth of USD 18.93 million, accelerating at a CAGR of 4.31% during the forecast period. The advantages of LED technology will drive the sales of the higher volume of the heliport lighting market. The heliport lighting market is segmented by technology (LED lighting and traditional lighting) and geography (North America, Europe, APAC, South America, and MEA).
The market research report by Technavio offers key insights into the latest drivers, challenges, and trends, as well as an analysis of the best-performing regions and market segments. View Sample Report and retrieve up-to-date information about the heliport lighting market analysis.
Drivers and Challenges
The heliport lighting market is driven by the advantages of LED technology. In addition, the preference for solar-powered LED panels is anticipated to boost the heliport lighting market growth.
LED lighting technology is used in various applications owing to its numerous advantages over conventional lighting systems.LEDs generally consume about 50% less electricity than traditional incandescent, fluorescent, and halogen lights, resulting in significant energy cost savings, particularly for spaces with lights that are required to remain on for extended periods. LED lights are direction-specific which helps in reducing energy. Such advantages are expected to drive the growth of the market during the forecast period.
However, factors such as the heliport planning and design difficulties, the high import duties on LED lights, and the noise limitations in urban areas may restrict the heliport lighting market growth during the forecast period.
Market Segmentation
The heliport lighting market has been segmented by geography into North America, Europe, APAC, South America, and MEA. North America will lead the market during the forecast period, with the US being the key revenue-generating economy. The heliport lighting market in North America is expected to grow due to the increase in helicopter passenger traffic and growth in heli-tourism. Based on technology, the heliport lighting market has been segmented into LED lighting and traditional lighting.
Key Vendors and Offerings:
Technavio has identified key vendors operating in the market. These include ADB SAFEGATE, atg airports Ltd., Eaton Corp. Plc, Flight Light Inc., Honeywell International Inc., Point Lighting Corp., PROMIC, Sealite Pty Ltd., TKH Group NV, and Youyang Airport Lighting Equipment Inc. The key offerings of some of these vendors are mentioned below:
Key Data covered in the heliport lighting market report:
