The airport lighting market size is projected to reach US$ 1,063.97 million by 2031 from US$ 622.38 million in 2023. The market is expected to register a CAGR of 6.9% during 2023–2031. Growing trend of integrating advanced technologies in airfield ground lighting solutions is likely to remain a key trend in the market.
The airport lighting manufacturers source various components from different component manufacturers and integrate the same on their products. Competition among the airport lighting manufactures is always high, owing to the increased demand for such technology. Also, the specifications of these lighting solutions are defined by certification, namely FAA and ICAO. The manufacturer or supplier has to compete with its peers based on price, time lead, and aftersales services, which as a result increases the competition in the market. The product manufacturers sell their products either through direct sales channel or through offline distributors. The airport lights are also sourced through online channels, which further intensifies the competition among the players. Some of the major airport lighting manufacturers include; ADB Safegate, Astronics Corporation, Carmanah Technologies, Honeywell International Inc., OSRAM GmbH, and OCEM Airfield Technology, among others. The airport lighting market is fragmented, and several players are operating in the market, thereby, contributing substantial revenues year on year.
The supply chain analysis on airport lighting market analyses the contribution of player operating in the ecosystem such as raw material or component manufacturers, OEM, system integrators, sales channel and end users. The airport lights comprise of several components including LED chips cables, cordsets, lamp holders, holder adapters, lamp suspensions, and metallic components, among others. The component manufacturers work in synchronization with the original equipment manufacturers which further supply their products directly to the end user through multiple sales channel or supply it to the system integrator which design the required system and then integrate it at the airport. To cater to rapidly changing needs for airport lighting solutions, these component manufacturers invest significant amounts in designing and developing robust gears. Because of the significance of each component, the end users and certification authorities are emphasizing heavily on specifying the measurements. Some of the airport lighting component manufacturers worldwide include Cree Inc., AVS Lighting Components, and Inlico, among others. Various other component manufacturers are also operating in the market and are facilitating the airport lighting manufacturers to cater to the growing need for such lighting solutions to respective clientele.
Several airport terminal construction projects have been completed and announced in 2023 that has driven the market for installation of airport lightings. Moreover, the upcoming plans for the construction of new airport terminals is likely to drive the market in the coming years. For instance:
Such factors have been pushing the demand for airport lighting for terminal applications.
The rise in new construction projects is one of the major factors likely to provide new opportunities for markt vendors in the coming years. For instance, in 2018, the Civil Aviation Administration of China (CAAC) announced to construct 216 new airport in the country by the end of 2035. Similarly, the Indian government has also announced the investments worth US$ 12 billion for the construction of 72 new airports by the end of 2025. Such factors are likely to generate new demand for airport lighting solutions across the Asia Pacific region and will provide new opportunities for market vendors in the coming years.
Key segments that contributed to the derivation of the airport lighting market analysis are type and application.
The geographic scope of the airport lighting market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific has dominated the market in 2023 followed by Europe and North America regions. Further, Asia Pacific is also likely to witness highest CAGR in the coming years. This is mainly due to the presence of large number of new airport construction projects across the countries of APAC region in the coming years. For instance, India and China have already announced to construct more than 285 airport by the end of 2035 which is further expected to drive the demand for airport lighting solutions in the region.
The regional trends and factors influencing the Airport Lighting Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Airport Lighting Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 622.38 Million |
| Market Size by 2031 | US$ 1,063.97 Million |
| Global CAGR (2023 - 2031) | 6.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Airport Lighting Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Airport Lighting Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The airport lighting market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the airport lighting market are listed below:
ADB SAFEGATE is excited to announce the launch of its new AXON EQ fixtures, a range of intelligent LED inset lights that have built-in sensors to collect situational data. The AXON EQ lights are equipped with integrated LINC 360 remotes, essential for creating two-way communication that allows for more streamlined, predictive airport operations. (Source: ADB SAFEGATE, Press Release, May 2022)
The “Airport Lighting Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
Asia Pacific region dominated the airport lighting market in 2023.
Construction of airport terminals driving the market growth and increasing adoption of solar powered LED lighting solutions are some of the factors driving the growth for airport lighting market.
Growing trend of integrating advanced technologies in airfield ground lighting solutions is one of the major trends of the market.
ADB Safegate, Airfield Lighting, Astronics Corporation, Avlite Systems, Carmanah Technologies, Eaton Corporation, General Electric, Honeywell International Inc, OCEM Airfield Technology, and OSRAM GmbH are some of the key players profiled under the report.
The estimated value of the airport lighting market by 2031 would be around US$ 1.06 billion.
The airport lighting market is likely to register of 6.9% during 2023-2031.