Airport Smart Lighting Market share research by applications and regions for 2017-2024

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Airport Smart Lighting Market Price, Trends,
Industry Outlook Forecast 2017-2024
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Key Insights from Airport Smart Lighting Market

• Global Airport Smart Lighting Market size will
  witness significant growth in forecast period due
  to rising necessity to improve operational
  efficiency.
• Increasing passenger inflow due to rising
  travelling frequencies has enhanced demand for 24
  hours illumination system. Increasing focus on
  infrastructure development along with expansion
  in global aviation industry will support the
  airport smart lighting market.
• Inclination towards energy conservation coupled
  with high airfield energy consumption enhanced
  the airport smart lighting market. As per
  analysis, transportation accounts around 28 of
  global energy consumption. Rising demand for
  advanced systems to automate luminaire switching
  as traditional systems remain active all the time
  will drive product demand.

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Continued...

• Necessity for advanced luminaire system to assist
  safe landing at night has enhanced the industry
  demand. Improved luminaire at runway edge, runway
  end, threshold area and touchdown zones will
  support business growth. Technological
  advancement including ultrasonic motion sensors,
  LEDs and control systems are the major supporting
  factors of product penetration.
• High costs associated with electronics and
  technologies are major factors affecting airport
  smart lighting price trend. Expensive replacement
  maintenance costs along with complicated
  electronic systems are key restraining factors of
  industry growth. High initial investment due to
  presence of modern technology equipment may
  hamper business growth.

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Major Companies in Airport Smart Lighting Market

• Honeywell International
• Schréder Group
• Koninklijke Philips
• HELLA
• Carmanah Technologies
• ATG Airports
• C2 SmartLight
• Eaton
• OSRAM

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Regional Insights in Airport Smart Lighting
Market

• Asia Pacific will witness substantial growth in
  the forecast period due to increasing air travel
  frequencies. For instance, India air transport
  fleet surpassed 70 million passengers in 2016.
  Rapid infrastructure development particularly in
  China and India coupled with growing aviation
  industry will propel the airport smart lighting
  market size.
• Airport smart lighting market revenue is led by
  North America with presence of significant number
  of airfields. Increasing security concerns along
  with necessity to track passenger movement in the
  terminal has enhanced industry growth. Stringent
  regulations to ensure passenger security due to
  rising safety concerns will support product
  scope.
• Europe airport smart lighting market is
  anticipated to witness notable gains. Growth in
  tourism industry enhancing travelling frequencies
  are major factors positively influencing industry
  growth. Increasing government spending on
  infrastructure development accompanied by
  presence of large number of component suppliers
  will propel product demand.

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