the most important fixtures present on a runway. Runway lights guide pilots during the takeoff and landing procedures. In reality, all lights on an airfield are essential to the safe and efficient aircraft operations during takeoff, landing, and taxiing.
Global Runway Lighting Market, which is backed by extensive primary and detailed secondary research, involving numerous static databases, national government documentation, latest news articles, press releases, company annual reports, financial reports, pertinent patent and administrative databases, as well as a range of internal and external proprietary databases
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This report focuses on the Runway Lighting in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers: ADB SAFEGATE, Honeywell, Hella (TKH), Eaton, OSRAM, OCEM Airfield Technology, Astronics, Youyang, Airsafe Airport Equipment, Carmanah Technologies, Vosla (NARVA), ATG Airports, Avlite Systems (Sealite), Transcon
The runway lighting market is predominantly driven by the increasing number of airports globally. Increase in demand for low-cost lights in the emerging countries is considered as one of the most significant factors driving the growth of the runway lighting market. In addition to this, the increasing usage of LED lights and mood lighting are further propelling the growth of this market.
The leading companies own the advantages on better performance, more abundant products types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
The worldwide market for Runway Lighting is expected to grow at a CAGR of roughly 3.8% over the next five years, will reach 320 million US$ in 2023, from 260 million US$ in 2017.
Market Segment by Regions, regional analysis covers
Market Segment by Type, covers
Market Segment by Applications, can be divided into
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There are 15 Chapters to deeply display the global Runway Lighting market.
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