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.
Airport Lighting Market Analysis
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.
Airport Lighting Market Overview
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.
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Airport Lighting Market: Strategic Insights
Market Size Value in US$ 540.6 Million in 2018 Market Size Value by US$ 1,039.2 Million by 2027 Growth rate CAGR of 7.7% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Airport Lighting Market: Strategic Insights
| Market Size Value in | US$ 540.6 Million in 2018 |
| Market Size Value by | US$ 1,039.2 Million by 2027 |
| Growth rate | CAGR of 7.7% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Airport Lighting Market Drivers and Opportunities
Construction of Airport Terminals Driving the Market Growth
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:
- In January 2023, Newark Liberty International Airport (EWR) commenced passenger operations at its new Terminal A.
- In February 2023, Kansas City International Airport (USA) announced the opening of its new single terminal that replaced its three previously operational terminals.
- In March 2023, Auckland Airport (NZL) announced to invest US$ 3.9 billion in its terminal integration programme.
- In April 2023, Chennai International Airport (IND) announced the opening of its new terminal that spans 136,295 sq metres and increased the airports’ capacity 23 million to 30 million passengers annually.
Such factors have been pushing the demand for airport lighting for terminal applications.
Expected Construction of New Airports in Asia Pacific Region
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.
Airport Lighting Market Report Segmentation Analysis
Key segments that contributed to the derivation of the airport lighting market analysis are type and application.
- Based on type, the airport lighting market is segmented into airport beacon, obstruction lights, approach indicator lights, runway centerline lights, taxiway lights, and others. The approach indicator lights segment held a larger market share in 2023.
- Based on application, the airport lighting market is segmented into existing airport and new airport. The existing airport segment held a larger market share in 2023.
Airport Lighting Market Share Analysis by Geography
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.
Airport Lighting Market Report Scope
Airport Lighting Market News and Recent Developments
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:
- Honeywell (NASDAQ: HON) today announced the launch of its Airfield Ground Lighting (AGL) manufacturing facility in Gurugram, India. AGL is a Make in India product engineered and manufactured completely in India. AGL plays a crucial role in airport operations and is subject to comprehensive safety and compliance regulations by global aviation standards and regulatory bodies. (Source: Honeywell International inc, Press Release, Aug 2023)
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)
Airport Lighting Market Report Coverage and Deliverables
The “Airport Lighting Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Airport lighting market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Airport lighting market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Airport lighting market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the airport lighting market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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