Industry Background:
Airfield lighting includes all type of lighting systems used in any type of airport in order to support aircraft operations. It enables night flying of aircraft and expands airport appearance. The lighting systems studied in the research are beneficial to enhance the airport’s look. The improved appearance and support for night flights help to reposition the respective airport to world-class standards. Another factor driving the global airfield lighting market is the increasing number of private player’s entry and growing asset. These factors are projected to propel the growth of the global airfield lighting market at a significant rate during the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | ADB Airfield Solutions (United States), Honeywell International, Inc. (United States), ABB (Switzerland), Hella KGaA Hueck & Co. (Germany), RNC Avionics Ltd. (United Kingdom), Carmanah Technologies Corp. (Canada), Avlite Systems (Australia), Eaton (Ireland), Vosla GmbH (Germany) and ATG airports (United Kingdom) |
According to AMA, the market for Airfield Lighting is expected to register a CAGR of 6.8% during the forecast period to 2028. This growth is primarily driven by Expansion of Airport Infrastructure and Control of Maintenance Costs.
Globally, a noticeable market trend is evident Visibility Issues Due to Adverse Weather Conditions
The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as ADB Airfield Solutions (United States), Honeywell International, Inc. (United States), ABB (Switzerland), Hella KGaA Hueck & Co. (Germany), RNC Avionics Ltd. (United Kingdom), Carmanah Technologies Corp. (Canada), Avlite Systems (Australia), Eaton (Ireland), Vosla GmbH (Germany) and ATG airports (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global airfield lighting market is fragmented with many regional and international players. Also, many new private players are expected to enter the market. This is mainly due to the easy availability of raw materials and lighting equipment.
Key Developments in the Market:
In May 2022, ADB SAFEGATE launched new AXON EQ fixtures intelligent LED inset lights that have built-in sensors to collect situational data. The AXON EQ lights integrated LINC 360 remotes which create two-way communication that allows for more streamlined, predictive airport operations. This launch helped company to expand its presence in airfield lighting market
On 8th July 2019, Astronics Corporation, a leading provider of advanced technologies for the global aerospace, defense, and other mission-critical industries, has announced the signing of a definitive agreement under which Hughey & Phillips, LLC, will acquire the Airfield Lighting product line from Astronics.
Influencing Trend:
Visibility Issues Due to Adverse Weather Conditions and High Demand Due To Expansion of Airport Infrastructure and Controlling Maintenance Cost
Market Growth Drivers:
Expansion of Airport Infrastructure and Control of Maintenance Costs
Challenges:
Compatibility-Related Issues of LED Lighting With the Existing Electrical Infrastructure and Economic Crisis in Some Economies
Restraints:
Visibility Issues Due to Adverse Weather Conditions and Stringent Government Regulations & Policies
Opportunities:
Transition to Electric and Solar-Powered LED Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Airfield Lighting Market
- Analysis about New Entrants in Airfield Lighting Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Airfield Lighting Study Sheds Light on
The Airfield Lighting Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Airfield Lighting industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Airfield Lighting industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.