High Replacement Rate of Halogen with LEDs Paving Revenue Generation Opportunities for Airfield Ground Lighting Suppliers

The latest research by Fact.MR, a market research and competitive intelligence provider, reveals that the global airfield ground lighting market is worth US$ 1.15 billion in 2022 and is projected to expand at a promising CAGR of 11.2% during the forecast period (2022-2032).

Air transportation has been one of the prominent modes of transportation and cargo services. Airport infrastructure development demands the usage of efficient airfield ground lighting. The enhancement of airport infrastructure is likely to see investments of billions of dollars over the next decade. Air traffic is increasing worldwide, and hence, the safety of airplanes while landing and taking off purposes needs to be ensured. Owing to this, higher adoption of airfield ground lighting is expected over the assessment period.

Airfield ground lighting systems are vital and being mandated for robust safety purposes. These systems help pilots during the night and low visibility conditions for safe and sound take offs and landings.

Key Takeaways from Market Study

The global airfield ground lighting market is projected to grow 2.9X and reach US$ 3.29 billion by 2032.
The market expanded at 6.2% CAGR during the historic period of 2017 to 2021.
Under light type, LED-based airfield ground lighting dominates the market with a valuation of US$ 795.3 million in 2022.
Installation at military airports is expected to reach a valuation of US$ 116.6 million in 2022.
North America dominated the global market with 33.9% market share in 2021.