PUBLISHER: Grand View Research | PRODUCT CODE: 1554062
PUBLISHER: Grand View Research | PRODUCT CODE: 1554062
The global commercial airport lighting market size was estimated at USD 681.81 million in 2023 and is expected to grow at a CAGR of 5.7% from 2024 to 2030. The market is propelled by increasing air traffic, stringent aviation safety regulations, and a growing emphasis on operational efficiency. Expanding airport infrastructure, coupled with modernization initiatives, is driving demand for advanced lighting systems.
As airports and aviation companies prioritize passenger security and operational efficiency, investments in advanced safety measures become paramount. The rising sales of safety equipment in the aviation sector are linked to the increasing emphasis on improving runway safety. Enhanced lighting systems, precision guidance tools, and innovative monitoring technologies are pivotal in mitigating risks and ensuring smooth airfield operations. This surge in demand for safety solutions presents lucrative opportunities for providers in the industry. By aligning with regulatory requirements and staying abreast of evolving standards, companies can capitalize on this trend, driving further commercial airport lighting market forecast in sales of runway safety equipment.
Global Commercial Airport Lighting Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global commercial airport lighting market report based on type, technology, position, and region: