Commercial Airport Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Commercial Airport Lighting Market Analysis:

1. The forecast period from 2022 to 2027 is expected to witness a Compound Annual Growth Rate (CAGR) of over 4% in the commercial airport lighting market. However, the COVID-19 pandemic has had a significant impact on airport operations, leading to a substantial decline in passenger traffic. In 2020, there was a decline of more than 60%, followed by a 50% decline in 2021. As a result, airport operators have experienced a decrease in revenue, which has consequently slowed down investments in the modernization of airport lighting systems. This short-term effect is likely to impact the market’s growth.

2. Prior to the pandemic, the commercial airport lighting market was experiencing growth due to the construction of new airports and the modernization of existing airport infrastructure worldwide. These developments were aimed at accommodating the rising passenger traffic. Although the pandemic has temporarily hindered this growth, it is expected that once the effects of the pandemic subside, the market will regain momentum. The construction and modernization of airports will resume, driving the demand for commercial airport lighting systems.

3. The focus on energy efficiency and carbon emissions reduction in airports has prompted airport operators to shift their attention from traditional incandescent lights to solar-powered LEDs. This transition is expected to contribute to the growth of the commercial airport lighting market during the forecast period. By adopting solar power LEDs, airports can decrease energy consumption and minimize their environmental impact. This shift aligns with the global trend towards sustainable practices and presents opportunities for the market to expand further.

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