Year | Value |
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2024 | USD 4.54 Billion |
2030 | USD 4.54 Billion |
CAGR (2023-2030) | 7.1 % |
Note – Market size depicts the revenue generated over the financial year
The airport lights market is expected to grow at a CAGR of 6.8 % from 2016 to 2025. The steady growth is attributed to the technological developments and the growing need for efficient airport operations. The trend towards modernization and sustainable development in airports is reflected in the market growth. The energy-efficient lighting solutions that enhance safety and operational efficiency are preferred by the airports. The rising emphasis on airport safety standards, the integration of smart lighting systems, and the increasing use of LED lights with their longer life and lower energy consumption are driving the market growth. The leading players in the market, such as Honeywell International, Inc., A. D. B. Safegate, and Signify are focusing on product launches and strategic alliances to enhance their market share. The development of advanced lighting systems with the Internet of Things (IoT) capabilities is a sign of the direction of the industry.
The airport lighting market is experiencing a high growth rate in several regions. This growth is mainly due to the increasing air traffic, technological improvements in lighting, and an increased emphasis on safety and energy conservation. North America is characterized by a strong presence of the established players and a strong focus on regulatory compliance. Europe is characterized by innovations in LED technology and a strong focus on the environment. The Asia-Pacific region is expanding rapidly due to the increased investment in airports. In the Middle East and Africa, there is a large number of new airport projects. Latin America is still developing, but modern lighting solutions are being gradually introduced to optimize airport operations and safety.
“The lighting systems of about 70 per cent of airports are still based on conventional technology. This represents a significant opportunity for the further take-up of LED and smart lighting solutions.” — International Air Transport Association (IATA)
The commercial airport lighting market is growing steadily. The main reason for this is the growing demand for safety and efficiency in the operation of airports. Rising passenger traffic has to be accompanied by an increase in the level of lighting. The stricter regulations in the field of aviation safety are also promoting the growth of the market. Technological progress in LED and smart control systems is also driving the market, as airports are seeking to reduce energy consumption and operating costs.
At the present time, the market is in a phase of implementation. There are some notable examples, such as the implementation of advanced lighting systems at Heathrow and Dubai International airports. These systems are mainly used for the lighting of the runways, taxiways and terminals, all of which are necessary for the safe operation of the aircraft. The trend towards energy-saving systems, such as the European Energy Efficiency Directive, is a major driver of growth. Moreover, the IoT-enabled lighting systems and smart control systems will have a significant impact on the evolution of this market.
The commercial airport lighting market is expected to grow significantly from 2024 to 2030, with a projected CAGR of 7.1%. The market value is expected to be stable at around $ 4.54 billion. The steady demand for advanced lighting solutions to enhance the safety and efficiency of airport operations. And the need to improve the lighting system at the airport will continue to drive investment and innovation. The LED light source will account for more than 60% of the total market by 2030. This is mainly due to the energy efficiency and long life compared to other light sources.
IT TECHNOLOGY AND THE INTERNET OF THINGS ARE SET TO RESTRUCTURE THE WORLD OF LIGHTING TO ENERGY MANAGEMENT AND PASSENGER SATISFACTION. Not only will these innovations improve energy management, they will also enhance the overall passenger experience with dynamic lighting that adapts to real-time conditions. Moreover, the drive to reduce CO2 emissions and promote sustainable development is set to drive the uptake of energy-efficient lighting. New trends such as the growing importance of airport modernization and the expansion of greenfield airport projects in developing regions will open up new opportunities for market players. The commercial airport lighting market is undergoing rapid change. It will be essential for the market to stay agile and responsive to these new developments to seize growth opportunities through to 2030.
Covered Aspects:Report Attribute/Metric | Details |
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Growth Rate | 7.1% (2020-2030) |
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