LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global airport smart lighting market to grow at a CAGR of close to 7% during the forecast period, according to their latest report.
The market study covers the present scenario and growth prospects of the global airport smart lighting market for 2017-2021. The report also lists airside smart lighting, and airport terminal and landside smart lighting as the two major product segments, of which the airside smart lighting segment accounted for more than 64% of the market share in 2016.
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Technavio analysts highlight the following three market drivers that are contributing to the growth of the global airport smart lighting market:
- Evolution of smart airports
- Need for improved operational efficiency
- Emergence of LaaS
Evolution of smart airports
The increasing adoption of agile airport infrastructure, coupled with the growing investments in technology advancements, has led to the development of the concept of smart airport, which was jointly proposed by IATA and Airports Council International.
According to Avimanyu Basu, a lead analyst at Technavio for commercial aviation research, “Smart airports facilitate seamless exchange of real-time information through the integration of all the systems into one single digital grid. This will establish a deep cross-silo collaboration between airport operators, airlines, and passengers to increase the operational efficiency. It will also increase profitability of the aviation stakeholders during volatile economic conditions, as well as ensure uninterrupted delivery of a comprehensive array of personalized services to the passengers.
Need for improved operational efficiency
The global aviation industry is experiencing an exponential increase in the number of passengers using airplanes. It is expected that the number of air passengers will experience an overall increase of around 2.2 times the passenger traffic in 2016 by 2035. With this speeding number of passengers, it becomes increasingly important for airport authorities to organize airport facilities in a manner that will efficiently manage the amount of energy consumed and the money spent for illumination.
With this steady passenger growth rate, it becomes vital for airport authorities to enhance the operational efficiencies. One simple step to achieve this could be to automatically put off lighting systems when not in use, which is achieved through the incorporation of smart lighting systems. These systems will also ensure that the light levels match with the number of passengers in the building or on the floor.
Emergence of LaaS
One of the major concerns of airport smart lighting system has been the initial cost involved in procuring the fixtures. As smart lighting systems include the incorporation of systems such as sensors, adaptors, actuators, detectors, and cameras, the cost of procuring one single LED smart light is several times that of the traditional incandescent or metal-halide lamps. As the construction and maintenance of an airport infrastructure and its facilities is capital intensive, there exist monetary constraints for the procurement of sensor-based lighting systems. These roadblocks have led to the introduction of light as a service (LaaS).
Industry-leading stakeholders, such as Philips and Cisco, initiated the launch and adoption of LaaS model, which works on the principle of circular economy. This model allows the payment for only the light used and not for the tangible fixtures.
“With such a model in place, it can be expected that the sensor-based global airport smart lighting market will experience a considerable demand in the market during the forecast period,” says Avimanyu.
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