Airfield Lighting Market

Airfield Lighting Market: Snapshot

The increasing demand for deployment of airfield lighting for runways aqnd the supply collabrations with airport to ensure long term business may create lucrative growth opportunities for the airfield lighting market during the forecast period of 2021-2031.

The rise in air passengers and air traffic coupled with new airport construction projects has proven to be a great booster for increased traffic. Earlier, flights were only accessible to the privileged and elite class of people. As the years passed, many cost-effective airlines marked their presence, and flying became an affordable aspect, which led to the inclusion of more individuals. This factor increased the airport traffic, leading to the construction of new airports or the up-gradation of the current ones, eventually resulting in the growth of the airfield lighting market.

Transparency Market Research brings a detailed report on the airfield lighting market with all the essential factors and aspects necessary for the stakeholders. The report on the airfield lighting market has varied information on different points related to the growth opportunities. Geographical dimensions, competitive insights, current trends, latest developments, and restraints are included in the report. The report also highlights the impact of COVID-19 on the airfield lighting market

Airfield Lighting Market: Competitive Insights

The airfield lighting market has many players in the fray for obtaining a good consumer base. Providing efficient airfield lighting solutions at affordable solutions is one of the main factors for clenching a large consumer base. These aspects can be fulfilled only through intense research and development activities. The players invest extensively in these activities for discovering new strategies that support increased sales, eventually expanding the growth prospects of the airfield lighting market. For instance, Eaton launched new airfield lighting current regulators to minimize energy costs and maintenance expenses.

Some key players into the airfield lighting market are Flash Technology, LLC, ADB Airfield Solutions, Youyang Airport Lighting Equipment Inc., OCEM Airfield Technology, and Amglo-Kemlite Laboratories, Inc.

Airfield Lighting Market: Key Trends

The support of many government bodies for strengthening the aviation infrastructure is estimated to bring considerable growth prospects for the airfield lighting market. The Indian Government’s UDAN scheme is a classic instance. Under this scheme, the Government of India aims to upgrade underserviced air routes and make air travel affordable for the common man. This scheme targets nearly 420+ unserved and under deserved airports across India. Regular scheduled flights and upgradation of these airports are the prime objectives of the scheme. Such schemes boost the demand for airfield lighting market to a considerable extent.

The expanding demand for LED airfield lighting systems may have a major impact on the growth prospects of the global market. LED airfield lighting carry low maintenance costs and need fewer replacements than conventional lights. These factors bode well for strengthening the growth trajectory. Hence, the rising popularity of LED airfield lighting may bring substantial growth for the global market.

The ongoing tensions between various countries are encouraging them to upgrade their defense infrastructure. Many countries are constructing new military airports or upgrading the existing ones for enhanced efficiency and readiness towards any untoward attack. The collaborations between the defense sector and the companies in the airfield lighting market are serving as beneficial factors of growth.

Airfield Lighting Market: Regional Analysis

Among all the regions covered under the airfield lighting market, Asia Pacific is estimated to emerge as one of the prominent growth-contributing region for the airfield lighting market. The growing focus of the countries in Asia Pacific on aviation development may prove to be a boon for the growth of the airfield lighting market. Furthermore, the rising number of airports in densely populated regions like India bode well for the airfield lighting market.