Global Commercial Airport Lighting Market Will Reach USD 734.6 Million by 2022: Zion Market Research

According to the report, the global commercial airport lighting market was valued USD 489.5 million in 2016 and is expected to reach around USD 734.6 million by 2022, at a CAGR approximately 7% for the forecast period from 2017 to 2022.

Sarasota, FL, Sept. 20, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Commercial Airport Lighting Market by Types (Airport Beacon, Visual Glide scope Indicator, Visual Approach Scope Indicator (VASI), Precision Approach Path Indicator (PAPI), Runway Lighting, Runway Edge Lighting, Taxiway Lighting, Obstruction Lighting), Divisions (Airside Lighting, Landside Lighting and Terminal Lighting). Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, the global commercial airport lighting market was valued USD 489.5 million in 2016 and is expected to reach around USD 734.6 million by 2022, at a CAGR approximately 7% for the forecast period from 2017 to 2022.

The commercial airport lighting is a huge market that is gaining attention due to the increase in demand for the airport light product throughout the globe. Due to its application in the field of providing a visual aid and navigation approach to the pilot during the journey and also during the landing, the airport lighting market has gained huge success and is expected to expand more in the coming years. The market for commercial airport lighting is anticipated to expand at a CAGR of approximately 7% during the forecast period from 2017 to 2022 and market is expected to reach approximately USD 734.6 million in terms of revenue by 2022.

Browse through 29 Market Tables and 29 Figures spread through 110 Pages and in-depth TOC on "Global Commercial Airport Lighting Market: By Type, Division, Size, Share, Trends and Forecast 2016 – 2022”.

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The commercial airport lighting market players have been focusing on the innovations in terms of technological advancements and to increase the safety and durability. Control of maintenance costs and increasing focus towards reducing energy consumption is one of the drivers which drive the growth of the airport lighting market. The emerging economies are expected to present lucrative growth opportunities to the global commercial airport lighting market than developed countries with advanced infrastructure.

The global commercial airport lighting market is segmented into types, divisions, and regions. The type segment for the commercial airport lighting market includes airport beacon, visual glidescope indicator, visual approach scope indicator (VASI), precision approach path indicator (PAPI), runway lighting, runway edge lighting, taxiway lighting, obstruction lighting and others. Further, on the basis of the division, the market for commercial airport lighting is segmented into airside lighting, landside lighting, and terminal lighting.

Browse the full " Commercial Airport Lighting Market by Types (Airport Beacon, Visual Glide scope Indicator, Visual Approach Scope Indicator (VASI), Precision Approach Path Indicator (PAPI), Runway Lighting, Runway Edge Lighting, Taxiway Lighting, Obstruction Lighting), Divisions (Airside Lighting, Landside Lighting and Terminal Lighting). Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022. ”report at https://www.zionmarketresearch.com/report/commercial-airport-lighting-market

Asia Pacific has been the leading market with the highest share in airport lighting market in 2016and is expected to dominate the market in the forecast period, due to the increasing market for technology and owing to growing investments in airport infrastructure. The market has seen a tremendous rise in numbers in the last ten years. India, China, and Indonesia are the major countries which have witnessed double-digit passenger growth in the last two years. The economic development in the region and a rise in disposable incomes have increased the preference for air travel.

The Middle East and Europe primarily hold the major market share along with Asia Pacific. It is mainly because of the high level of investment that is prevalent in these regions. UK, France, and Germany are the countries in Europe which drive the growth of the market. Terminal lighting will be more expensive among the other two categories as the number of lights present in a terminal building is far beyond imagination which is followed by the airside light fixture that is airfield lighting and lastly Landside lighting.

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North America is one of the major regions which have seen a significant investment in the commercial airport lighting market.

Latin America region is expected to witness a significant growth in terms of the adoption of lighting over the next decade.

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The major participants in the commercial airport lighting market include Honeywell International Inc., Philips, Safegate, Avlite Systems, Siemens AG, Cooper Industries, Airfield Lighting, Manairco Inc., GE, Goodrich Lighting Systems and Astronics.

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The report segment of commercial airport lighting market is as follows:

Global Commercial Airport Lighting Market: Type Segment Analysis

• Airport Beacon
• Visual Glidescope Indicator
• Visual Approach Scope Indicator (VASI)
• Precision Approach Path Indicator (PAPI)
• Runway Lighting
• Runway Edge Lighting
• Taxiway Lighting
• Obstruction Lighting

Global Commercial Airport Lighting Market: Division Segment Analysis

• Airside Lighting
• Landside Lighting
• Terminal Lighting

Global Commercial Airport Lighting Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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