Market Research Report
Global Commercial Airport Lighting Market Segmented by Usage, Application and Geography - Market Forecast and Analysis (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||597214|
|Published||Content info||75 Pages
Delivery time: 2-3 business days
|Global Commercial Airport Lighting Market Segmented by Usage, Application and Geography - Market Forecast and Analysis (2018 - 2023)|
|Published: October 1, 2017||Content info: 75 Pages||
The global airport lighting market is expected to reach USD 725.5 million by 2022, at a CAGR of 7.2% from 2017-2022 (the forecast period).
The development of new airports, rising demand for commercial aircrafts, and the need for energy-efficient lighting are the major factors driving the global commercial airport lighting market. However, factors, such as lack of management and disagreement among airport authorities and inadequate funds are challenging the growth of the market.
The commercial airport lighting market has growth opportunities for both existing players and new players interested in participating in the market. The increasing air traffic and rising demand for commercial aircraft in countries, such as China, India, Russia, and Africa are leading to investments from new competitors in the commercial airport lighting market.