Airport Runway Lighting Market Analysis
Based on installation type, the market is segmented into new installation and retrofit. The new installation segment dominated the global market with a share of over 55% in 2022.
- Growing air traffic demands the expansion of existing airports and the construction of new airports. With new runways being built or existing runways being extended, there is a need for the installation of comprehensive lighting systems to ensure safe aircraft movement during takeoffs, landings, and taxiing.
- Ongoing advancements in lighting technology, such as LED systems, smart lighting controls, and energy-efficient fixtures, drive the demand for new installations. Airports are inclined to invest in the latest technologies to enhance safety, reduce operational costs, and minimize their environmental impact.
Based on technology, the market is divided into LED lighting, halogen lighting, and incandescent lighting. The LED segment is anticipated to register a CAGR of over 8% through 2032.
- LED lights are highly energy-efficient, consuming up to 50% - 80% less power compared to traditional lighting sources such as incandescent and fluorescent lights. This energy efficiency translates to substantial cost savings for airports, making LEDs an attractive choice for runway lighting.
- LEDs have an exceptionally long operational life, often lasting up to 50,000 to 100,000 hours or more. This longevity reduces the frequency of replacements and maintenance, lowering operational costs for airports and ensuring consistent lighting performance over an extended period.
- LEDs light up instantly without warm-up time, providing immediate illumination when activated. This feature is particularly important for runway lighting, where quick response times are essential for ensuring the safety of aircraft movements.
Asia Pacific airport runway lighting market is expected to grow at a CAGR of over 10% through 2032. The Asia-Pacific region is witnessing a significant increase in domestic and international air travel. This growth is driven by factors such as rising incomes, tourism, and business activities. As air traffic increases, airports need to expand their infrastructure, including runway lighting, to accommodate more flights. Governments in the Asia-Pacific region are investing heavily in infrastructure development, including airports. These investments are aimed at enhancing transportation connectivity and supporting economic growth. Upgrading runway lighting systems is an integral part of these projects.