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Airport Runway Lighting Market Share

Report ID: GMI7201
Published Date: Oct 2023
Report Format: PDF

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Airport Runway Lighting Market Share

Players operating in the globalmarket focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. Market players also heavily invest in R&D to introduce innovative and technologically advanced solutions in the airport runway lighting industry. Major players operating in the airport runway lighting industry are:

ADB Safegate
Honeywell International Inc.
Hella KGaA Hueck & Co.
OSRAM Licht AG
ABB Ltd.
Eaton Corporation PLC

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for airport runway lighting was valued at over USD 450 million in 2022 and is anticipated to grow at a CAGR of around 8% between 2023 and 2032, owing to ongoing modernization and expansion to accommodate larger aircraft and enhance safety.

The LED segment is anticipated to register a CAGR of over 8% through 2032 as LEDs are highly energy-efficient, consuming up to 50% - 80% less power, as well as have an exceptionally long operational life.

Asia Pacific market for airport runway lighting is expected to grow at a CAGR of over 10% through 2032, backed by a significant increase in domestic and international air travel, driven by rising incomes, tourism, and business activities.

ADB Safegate, Honeywell International Inc., Hella KGaA Hueck & Co., OSRAM Licht AG, ABB Ltd., and Eaton Corporation PLC.