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  • Airport Lighting Market to Grow at 7.6% CAGR During 2016 to 2021

    (, November 07, 2018 )

    Stratview Research announces the addition of a new market research report on Global Airport Lighting Market by Airport Type (Commercial and Military), by Light Type (Runway Lighting, Taxiway Lighting, Approach Lighting, Apron & Hanger Lighting, Obstruction Lighting, and Others), by Position (In-Pavement/Inset Lights, Elevated Lights, and Precision Approach Path Indicator), by Technology (LED and Non-LED), by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 2021.

    The Global Airport Lighting Market: Highlights

    Stratview Research foresees a robust growth of 7.6% CAGR in the airport lighting market over the next five years (2016 2021), which offers an opportunity to the lighting and electrical industry players to align themselves with the market growth.

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    There are several factors bolstering the growth of lighting in the global airport infrastructure industry. The author of the report cited increasing government investment on airport infrastructure driven by increasing passenger traffic and rising disposable income, increasing focus on energy efficient lighting systems, and lower operational & maintenance costs as some of the key growth drivers of the global airport lighting market.

    Commercial airport segment is expected to remain the growth engine of the airport lighting market during the forecast period.Runway lighting system is expected to remain the largest lighting type during the forecast period whereas, apron & hanger lighting system is also expected to experience fastest growth during the same period.

    In terms of technology type, LED lights are expected to witness the highest growth during the forecast period, driven by increasing focus on energy efficiency and reduction in overall operation and maintenance cost of the airport.

    North America is expected to remain the largest lighting market for airport applications during the forecast period due to the presence of large number of commercial and military airports and high focus towards energy efficiency and low operational cost. Asia Pacific is expected to grow at the highest rate in the next five years.

    Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

    Stratview Research

    Ritesh Gandecha


    Source: EmailWire.Com


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