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.
Rising demand for advanced airfield ground lighting to enhance air traffic control system will propel airport smart lighting industry size. Faster threat detection and quick response at high risk areas including airport apron, luggage handling, maintenance hangars & tunnels will support product demand.
Growth in global air transportation along with advanced transportation services will support airport smart lighting industry growth. In 2016, commercial aircrafts carried over 3.5 billion passengers, generating revenue more than USD 500 billion. Improved living standards along with changing income trends enhanced the air transport fleets.
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.
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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.
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 industry size.
Europe airport smart lighting industry 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.
Global airport smart lighting industry share is moderately consolidated due to presence of few companies. Honeywell International, Schréder Group, Koninklijke Philips, HELLA, and Carmanah Technologies are the major industry players. Heavy R&D investment, product portfolio expansion, supply agreements, collaborations and product innovations are key strategies observed among industry participants.
Technology upgradation is the major focus among manufacturers as the industry is based on technological evolution. Other notable players include ATG Airports, C2 SmartLight, Eaton, Sensity Systems and OSRAM.
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