Runway lights are the lighting solutions which are used for a wide variety of indications and warnings on a runway, in darkness or at low visibility. All the runways which are licensed for use at night are bound to have runway lightings. The lightings which are more commonly seen on the runways are runway edge lights, runway threshold lights, and runway end lights. Depending on the need, the intensity of the light could vary, such as high intensity light and low intensity light. In the high intensity runway lights, the intensity is variable, while the low intensity runway lights have one intensity setting. Runway lights are essential for takeoff, landing, and taxiing activities such as guiding the pilots to identify the starting line of the runway, end line, correct route to be followed, and identifying the taxiway area. Runway lights are available in a range of colors such as white, red, green, and yellow.
The significant growth of the aviation industry is said to be one of the prominent factors affecting the global runway lighting market. Timely repairing of runway lighting systems owing to the heavy maintenance associated with runway lights, especially in remote areas could create severe problems while handling multiple flights, which could be one of the restraints for the growth of the global runway lights market. Infrared cameras are used by pilots for increased visibility of the heat emitting objects around the runway. But the LED lights which are often used in runway lights hampers the clear view through the infrared cameras, creating difficulty while determining the key spots for landing in denser climate conditions, which could be one of the factors negatively affecting the growth of the global runway lights market. The runway lights market is expected to have significant potential in the North American region due to the substantial growth of the aviation industry in this region.
The commercial sub segment is expected to have a significant share of the global runway lights market during the forecast period. As per geographical locations, the market is sub segmented into North America, South America, Middle East & Africa, Asia Pacific, and Europe. North America is likely to have a prominent market share during the forecast period.
There are many players in the global runway lights market due to the prominent growth of the aviation industry. Some of the key players are Philips Lighting Holding, Honeywell, Cree, ADB Airfield Solutions (Safegate), Carmanah Technologies, Abacus Lighting, OCEM Airfield Technology, ATG Airports, Vosla (NARVA), Youyang, Eaton, Hella, OSRAM, and Astronics Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.