Airport Smart Lighting Market trends research and projections for 2017-2024
More Information @ http://bit.ly/2jkYRXd Global Airport Smart Lighting Market size will witness significant growth in forecast period due to rising necessity to improve operational efficiency.
More Information @ http://bit.ly/2jkYRXd
Global Airport Smart Lighting Market size will witness significant growth in forecast period due to rising necessity to improve operational efficiency.
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<strong>Airport</strong> <strong>Smart</strong> <strong>Lighting</strong> <strong>Market</strong> Research Report,<br />
<strong>2017</strong> - <strong>2024</strong>: Global <strong>Market</strong> Insights, Inc.<br />
<strong>Airport</strong> <strong>Smart</strong> <strong>Lighting</strong> <strong>Market</strong> revenue is led by North America with presence of<br />
significant number of airfields. Increasing security concerns along with necessity to<br />
track passenger movement in the terminal has enhanced industry growth.<br />
Rising dem<strong>and</strong> <strong>for</strong> advanced airfield ground lighting to enhance air traffic control<br />
system will propel airport smart lighting market size. Faster threat detection <strong>and</strong><br />
quick response at high risk areas including airport apron, luggage h<strong>and</strong>ling,<br />
maintenance hangars & tunnels will support product dem<strong>and</strong>.<br />
Growth in global air transportation along with advanced transportation services will<br />
support airport smart lighting market growth. In 2016, commercial aircrafts carried<br />
over 3.5 billion passengers, generating revenue more than USD 500 billion.<br />
Improved living st<strong>and</strong>ards along with changing income <strong>trends</strong> enhanced the air<br />
transport fleets.<br />
Necessity <strong>for</strong> advanced luminaire system to assist safe l<strong>and</strong>ing at night has<br />
enhanced the industry dem<strong>and</strong>. Improved luminaire at runway edge, runway end,<br />
threshold area <strong>and</strong> touchdown zones will support business growth. Technological<br />
advancement including ultrasonic motion sensors, LEDs <strong>and</strong> control systems are the<br />
major supporting factors of product penetration.<br />
High costs associated with electronics <strong>and</strong> technologies are major factors affecting<br />
airport smart lighting price trend. Expensive replacement & maintenance costs along<br />
with complicated electronic systems are key restraining factors of industry growth.<br />
High initial investment due to presence of modern technology & equipment may<br />
hamper business growth.<br />
Asia Pacific will witness substantial growth in the <strong>for</strong>ecast period due to increasing<br />
air travel frequencies. For instance, India air transport fleet surpassed 70 million<br />
passengers in 2016. Rapid infrastructure development particularly in China <strong>and</strong> India<br />
coupled with growing aviation industry will propel the airport smart lighting market<br />
size.<br />
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Europe airport smart lighting market is anticipated to witness notable gains. Growth<br />
in tourism industry enhancing travelling frequencies are major factors positively<br />
influencing industry growth. Increasing government spending on infrastructure<br />
development accompanied by presence of large number of component suppliers will<br />
propel product dem<strong>and</strong>.<br />
Global airport smart lighting market share is moderately consolidated due to<br />
presence of few companies. Honeywell International, Schréder Group, Koninklijke<br />
Philips, HELLA, <strong>and</strong> Carmanah Technologies are the major industry players. Heavy<br />
R&D investment, product portfolio expansion, supply agreements, collaborations <strong>and</strong><br />
product innovations are key strategies observed among industry participants.<br />
Technology upgradation is the major focus among manufacturers as the industry is<br />
based on technological evolution. Other notable players include ATG <strong>Airport</strong>s, C2<br />
<strong>Smart</strong>Light, Eaton, Sensity Systems <strong>and</strong> OSRAM.<br />
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