Commercial Airport Lightening Market Size, Share, Growth Analysis, By Product Type(LED Lightening and Non-LED Lighting), By Application(Landside, Airside (Runway Lighting, Taxiway Lighting, Approach Lighting), By Region - Industry Forecast 2024-2031

Global Commercial Airport Lightening Market size was valued at USD 6.2 billion in 2022 and is poised to grow from USD 6.6 billion in 2023 to USD 9.8 billion by 2031, at a CAGR of 5.1% during the forecast period (2024-2031).

The development of airport infrastructure along with the focus on less maintenance costs around the world is driving the growth of the airport lightening market. The government has started taking initiatives by investing in airport infrastructure which has ultimately increase the market price. The increase in the disposable income has led to the rise in passenger traffic. The market growth is further initiated by the lower operational and maintenance costs, along with an emphasis on energy-efficient lightening systems. The installation and maintenance concerns are also reduced by adopting the LED-based airfield lightening instead of luminous lighting, and new wireless or contactless power concepts. Also, the increase in investments has been witnessed in lightening systems with incorporated intelligence which helps in data recovery and performance estimation. This will help in the maintenance of the system in a better way. It will also provide the market players a significant advantage over their competitors. These are driving the growth of the players for the upcoming period. The electric and solar-powered LED technology, and research and development activities will further help in making new market growth opportunities.

For instance, the Airport Authority of India has installed a new and advanced Precision Approach Lightening System on the Thiruvananthapuram International Airport in August 2021 for improving the safety during aircraft landings. The solar-powered LED lights, which convert solar energy into electricity, are less costly which helps in reducing maintenance costs, so the airport authorities are moving towards these features. The manufacturers of LED lights are developing cleaner and brighter solutions for airports. Features such as lightening monitoring systems in airports which combine airfield lighting, surveillance, and aircraft tracking systems help guide planes along the safest and organized routes. It can reduce extra taxi time per aircraft movement by up to three minutes. Therefore, the demand for airport lightening is expected to grow more, which is contributing to the global market during the forecast period.