Commercial Airport Lighting Market Comprehensive Research Study Focus on Opportunities, Demand, Growth, Application and Forecast to 2021
Market Research Future published a half cooked research report on “Global Commercial Airport Lighting Market Research Report – Forecast to 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.
Pune, India – April 27, 2018 /MarketersMedia/ —
Market Highlights:
The commercial airport lighting market is completely dependent on the volume of air passenger traffic. Thus, the increasing or decreasing demand for the air passenger traffic directly has an impact on the market. Moreover, the factor responsible for the growth of commercial airport lighting market is growing air passenger traffic, investments on airport modernization and upgradation, and increased demand for passenger and aircraft safety. This is the primary factor that drives the growth of the global commercial airport lighting market and has gained prevalence in the recent times, with the usage of best in class technologies in aircraft. Thus, the growth of the commercial airport lighting market is expected to go hand in hand with the growth of investment in the aircraft industry.
The expansion of the commercial aircraft fleets, which has resulted in the development of a set of airport lighting market. The increased focus of passengers on airport ambiance will lead to an increase in the use of airport lighting, due to which there will be growth in global commercial airport lighting market. The expansion of the existing commercial aircraft fleets along with the launch of new airlines would result in increased use of airport lighting in the forthcoming years. Hence, it is expected that the air passenger traffic would eventually drive the global commercial airport lighting market. Moreover, growth safety features to facilitate the night flying will drive the growth of global commercial airport lighting market. This enables faster response to crisis situations and adaptation to the dynamic change in climate.
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Major Key Players
Abacus Lighting,
atg airports limited,
Honeywell,
Siemens AG,
vosla Gmbh,
ADB Airfield Solutions,
Avlite Systems,
Carmanah Technologies Corp., Crouse-Hinds, and Hella KGaA Hueck & Co.
The Global Commercial Airport Lighting Market going to Upsurges To Perceive Heightened Growth By 2021
It is an obvious fact that airplanes are the most important means of conveyance for people. People won’t stop using airplanes to travel anytime soon. Owing to this, it can be confidently said that the commercial airport lighting market will soar during the forecast period. Experts believe that the industry will earn above USD 724.8 million during 2018 – 2022. In terms of CAGR, the market is expected to grow at the rate of 6.89%.
Market Segmentation
The worldwide commercial airport lighting market has been bifurcated into applications and geographies.
On the basis of applications, the market is divided into terminal lighting, landside lighting & airside lighting.
When it comes to geographies, the market has been spread across various regions like North America, Europe, Asia Pacific & Rest of the World. Out of these the Asia Pacific region is expected to grow at the CAGR of around 11.76%.
Current Trends
There are many trends that cumulatively contribute to the growth of this market. Some of the trends for the global commercial airport lighting market are high need for enhancement of security at airports, emergence of novel products & technologies for monitoring purposes, increased usage of solar LED lights and the distribution of NB-loT to develop smart airports.
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Key Players & Strategies
Some of the most renowned names of the worldwide commercial airport lighting market are atg airports, General Electric, Avlite Systems & Eaton. Some of the main strategies adopted by these players is to invest in new product launches & product development methods.
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Organization: Market Research Future
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Source: MarketersMedia
Release ID: 337926
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