LONDON, July 26, 2016 /PRNewswire/ -- "The airport
lighting market is projected to grow at a CAGR of 7.2% from 2016 to
2021"
The airport lighting market is expected to grow from USD 473.7 million in 2016 to USD 672.2 million by 2021, at a CAGR of 7.2%
during the forecast period. The airport lighting market is
predominantly driven by the increasing number of airports globally.
Increase in demand for low-cost lights in the emerging countries is
considered as one of the most significant factors driving the
growth of the airport lighting market. In addition to this, the
increasing usage of LED lights and mood lighting are further
propelling the growth of this market.
"The runway lighting systems segment is projected to grow at the
highest CAGR in the airport lighting market"
The runway lighting systems segment in airport lighting market is
anticipated to grow at the highest CAGR during the forecast period.
Runway edge lights are installed along both sides of the runway, in
two parallel straight rows equidistant from the center line of the
runway, commencing one light spacing from the threshold and
continuing to one light spacing from the runway end. There are
three types of runway lighting systems, namely, low intensity,
medium intensity, and high intensity. The apron lighting systems is
the second fastest-growing type segment in the airport lighting
market.
"The North American region holds a dominant market share in the
airport lighting market"
North America dominates the global
airport lighting market. Countries in this region include the U.S.
and Canada. The North America airport lighting market is
mainly driven by the large number of original component
manufacturers (OCMs), original equipment manufacturers (OEMs), and
third-party servicers. Easy availability of sub-parts and
components for airport lights, mature aftermarket, and high
passenger and cargo traffic are some of the factors driving this
market.
Break-up of profile of primary participants for this
report:
- By Company Type - Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%
- By Designation – C level – 35%, Director level – 25%, Others –
40%
- By Region – North America - 45%,
Europe – 20%, Asia-Pacific – 30%, RoW – 5%
Key players in the airport lighting market include ADB Airfield
Solutions, Honeywell International, Inc., ABB, Hella KGaA Hueck
& Co., and ATG Airports, among others.
Reasons to buy the report:
From an insight perspective, the airport lighting market report has
focused on various levels of analysis — industry analysis, market
share analysis of top players and company profiles, which together
comprise and discuss the basic views on the competitive landscape,
high-growth regions and countries and their respective regulatory
policies, drivers, restraints, and opportunities.
The airport lighting market report provides insights on the
following pointers:
- Market Penetration: Comprehensive information on airport lighting
equipment offered by the top 10 market players
- Product Development/Innovation: Detailed insights on upcoming
technologies, research & development activities, and new
product launches in the market
- Market Diversification: Exhaustive information about new
products, untapped geographies, recent developments, and
investments in the market
- Competitive Assessment: In-depth assessment of strategies,
products, and manufacturing capabilities of the leading market
players
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https://www.reportbuyer.com/product/3973714/
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/airport-lighting-market-by-type-position-technology-and-by-geography---global-forecast-to-2021-300304212.html
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