Global Airport Smart Lighting Market to Reach $1.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Airport Smart Lighting estimated at US$918.1 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at aCAGR of 5.7% over the period 2020-2027. Airside, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$981.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Airport Terminal & Landside segment is readjusted to a revised 4.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $270.8 Million, While China is Forecast to Grow at 5.3% CAGR
The Airport Smart Lighting market in the U.S. is estimated at US$270.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$238 Million by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.We bring years of research experience to this 5th edition of our report. The 130-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Airport Lighting Specialists
- C2 SmartLight Ltd.
- Carmanah Technologies Corporation
- Eaton Corporation
- Honeywell International, Inc.
- Koninklijke Philips NV
- OSRAM GmbH
- Schreder Group