The Airport Lighting Market is projected to $ 672.2 Million by 2021

Aktuelle Nachrichten, Computer/Internet/IT, Pressemitteilungen, Shopping/Handel

Airport Lighting Market 

[148 Pages Report] Airport Lighting Market Research Report Categorizes Global Market by Type (Runway, Taxiway & Apron Lighting Systems), Position (In-Pavement Lighting, Elevated Lighting & PAPI), Technology (Non-LED and LED), and by Geography
Airport Lighting Market 

The report  „Airport Lighting Market by Type (Runway, Taxiway & Apron Lighting Systems), Position (In-Pavement Lighting, Elevated Lighting & PAPI), Technology (Non-LED and LED), and by Geography – Global Forecast to 2021“ , Published by MarketsandMarkets, the market is projected to reach  USD 672.2 Million  by 2021, at a CAGR of 7.2% from 2016 to 2021.

Ask For Free Sample Report:

Browse 85 market data Tables with 42 Figures spread through 148 Peps and in-depth TOC on  „Airport Lighting Market „

Early buyers will receive 10% customization  on this report .

A number of factors, such as rise in the air traffic and increasing energy savings are expected to drive the growth of the airport lighting market.

The LED lights segment is projected to lead the airport lighting market during the forecast period.

The LED lights segment dominates the airport lighting market, and is expected to continue to dominate over the next five years, driven by the need for energy conservation at airports and reduction in maintenance costs. It has been proven that the LED lights save up to 40% compared to non-LED lights.

The in-pavement / inset lights segment at the highest CAGR during the forecast period .

The  Airport Lighting Market  has been segmented and analyzed in terms of three positions of lighting, which include in-pavement / inset lights, elevated lights, and precision approach path indicator (PAPI). The in-pavement / inset lights segment is projected to grow at the highest CAGR from 2016 to 2021. This growth is largely attributed to the adoption of a hassle-free maintenance lighting system.

Asia Pacific : The fastest growing market for airport lighting

The market for airport lighting has been estimated to be the largest in  North America , due to Increased focus on reducing energy consumption and the need to reduce maintenance costs for lights. The airport lighting market in the  Asia Pacific  region is expected to grow at the highest CAGR. This growth can therefore be attributed to the increase in government spending for infrastructure development, growing GDP of the region, and rising in air traffic.

Honeywell International, Inc. (US): One of the key players in the airport lighting market

Hella KGaA Hueck & Co., Honeywell International, Inc., Carmanah Technologies Corp., and ABB. Honeywell International, Inc. is one of the top companies in the global airport lighting market. The company has a strong distribution network, along with a robust product portfolio and wide customer base.

About Marketsand Markets:

MarketsandMarkets is the world’s no. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in one year, M & M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analysts and SMEs at MarketsandMarkets are following the „Growth Engagement Model – GEM“. The GEM aims to identify new opportunities, identify the most important customers, write attack, avoid and defend strategies, identify sources of incremental revenues for both the company and its competitors.

M & M’s flagship competitive intelligence and market research platform, „RT“ connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing business insight with our huge market intelligence repository.

Contact:

Mr. Shelly Singh

MarketsandMarkets ™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: + 1-888-600-6441

Email: newsletter@marketsandmarkets.com