DUBLIN, October 17, 2017 /PRNewswire/ --
The "Global Commercial Airport Lighting Market 2017-2021" report has been added to Research and Markets' offering.
The global commercial airport lighting market to grow at a CAGR of 7.27% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global commercial airport lighting market for 2017-2021. To calculate the market size, the report considers the sales of traditional lighting and LED lighting to airport construction contractors. It also considers the revenue generated through the sales of lighting solutions in the replacement market.
The latest trend gaining momentum in the market is Adoption of solar LED lights. Solar-powered LED lights capture solar energy through photovoltaic cells. These cells absorb solar energy during the daytime. The solar energy is then converted into electrical energy, which runs the LEDs in the night time. The use of solar-powered LED lights for commercial airport lighting is an important trend identified by Technavio. Solar power is a renewable source of energy, which means it is pollution free.
According to the report, one of the major drivers for this market is High import duties. Traditional lighting fixtures are being increasingly replaced by LEDs as the latter are cost-effective and have high ROI in the long run. LEDs are also energy-efficient, reducing the overall cost of operation. The demand for LEDs will drive the growth of the commercial airport lighting market. The challenge for this growth, however, is the high import duties levied on LED lighting fixtures.
Further, the report states that one of the major factors hindering the growth of this market is Increasing number of airports. One of the major drivers for the growth of the global commercial airport lighting market is the increase in the number of investments toward the construction of new airports. New airports will require the extensive integration of lighting fixtures across the airside, landside, and terminals. This will drive the growth of the market.
Key Market Trends
- Demand for security improvement at airports
- Evolution of technologies to monitor airport lighting systems
- Adoption of solar LED lights
- Deployment of NB-IoT to develop smart airports
- ADB SAFEGATE
- atg airports
- Avlite Systems
- General Electric
- Philips Lighting
Other prominent vendors
- Carmanah Technologies
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Segmentation By Application
- Market Segmentation By Light Source
- Geographical Segmentation
- Key Leading Countries
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/2jktjp/global_commercial
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SOURCE Research and Markets