Airport Lighting Market Size, Trends and Growth Analysis by 2027

In 2018, the global airport lighting market was valued at approximately US$ 540.6 million and is projected to expand at a compound annual growth rate (CAGR) of 7.7% from 2019 to 2027, reaching an estimated US$ 1,039.2 million by 2027.

The airport lighting sector is witnessing consistent growth throughout the forecast period. This growth can be attributed to the increasing adoption of solar-powered LED lighting solutions and the renovation efforts of existing airports. To reduce operational expenses, airport authorities are leaning towards more cost-effective lighting options. Solar-powered LED lights, in particular, present a significantly lower cost alternative compared to traditional lighting systems. However, the lack of investment in new constructions and the refurbishment of current airports in North America is posing a challenge to the growth of the airport lighting market at present.

A significant trend that is expected to influence the airport lighting market in the near future is the rising integration of advanced technologies into airfield ground lighting systems. The evolution of airport lighting solutions has been remarkable, marked by continuous technological advancements. Manufacturers of airport lighting systems are dedicating substantial resources to research and development (R&D) of innovative products. There is a growing focus on developing advanced lighting solutions that meet the demand for brighter and more energy-efficient lights. This trend is encouraging numerous airport authorities to adopt these modern lighting solutions, creating substantial opportunities for industry players involved in the airport lighting market.

The airport lighting market is categorized by application into existing airports and new airports, with existing airports commanding the largest market share. Increased investments from governments and airport authorities worldwide aimed at modernizing airports are expected to drive market growth. For example, the Russian government is actively enhancing runways and taxiways by implementing advanced lighting technologies, which has positively influenced the business of airport lighting manufacturers.

The overall size of the airport lighting market has been determined through a combination of primary and secondary research methods. The research process begins with comprehensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the airport lighting market. Additionally, numerous primary interviews are conducted with industry participants and experts to validate the data and analysis. Participants in this process typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the airport lighting sector.