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The Commercial Airport Lighting Market is projected to grow by USD 140.9 Million from 2024-2028, with AI driving transformation and rising air traffic boosting growth – Technavio

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NEW YORK, Sept. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Commercial Airport Lighting Market size is estimated to grow by USD 140.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 3.68%  during the forecast period. Growth in air traffic is driving market growth, with a trend towards shift from using conventional incandescent lights to LED and solar-powered LEDs  However, increasing competition  poses a challenge – Key market players include Abacus Lighting Ltd., ADB Safegate BV, Airport Lighting Specialists, Amglo Kemlite Laboratories Inc., Astronics Corp., Atg airports Ltd., Carmanah Technologies Corp., Eaton Corp. Plc, Halliday Lighting Ltd., Honeywell International Inc., OCEM Airfield technology, OSRAM Licht AG, Sealite Pty Ltd., Siemens AG, Signify NV, SPX Technologies Inc., TKH Group NV, Tungsram Operations Kft, Velocity Airport Solutions, and Vosla GmbH.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Commercial Airport Lighting Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.68%

Market growth 2024-2028

USD 140.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.5

Regional analysis

APAC, Middle East and Africa, Europe, North America, and South America

Performing market contribution

APAC at 47%

Key countries

China, US, Japan, Germany, and India

Key companies profiled

Abacus Lighting Ltd., ADB Safegate BV, Airport Lighting Specialists, Amglo Kemlite Laboratories Inc., Astronics Corp., Atg airports Ltd., Carmanah Technologies Corp., Eaton Corp. Plc, Halliday Lighting Ltd., Honeywell International Inc., OCEM Airfield technology, OSRAM Licht AG, Sealite Pty Ltd., Siemens AG, Signify NV, SPX Technologies Inc., TKH Group NV, Tungsram Operations Kft, Velocity Airport Solutions, and Vosla GmbH

Market Driver

LED lighting is a cost-effective and energy-efficient solution for commercial airport lighting. Compared to traditional halogen, fluorescent, and incandescent lights, LED lights use approximately 50% less electricity and can last up to 30,000-50,000 hours or more. LED lights provide instant 100% brightness and do not emit infrared radiation or ultraviolet radiation. Solar LED lighting, which converts sunlight into electrical energy, is an eco-friendly alternative. Airports are transitioning from conventional lighting systems due to LED lights’ extended lifespan, low maintenance, and environmental benefits. Solar LED lighting offers better visibility, improved light output, and is free of hazardous materials like mercury. This shift towards LED and solar LED lighting is expected to save airports substantial electricity costs and drive market growth.

The Commercial Airport Lighting Market is experiencing significant growth due to increasing passenger traffic and the modernization of airport infrastructure. Airport operators are focusing on innovative lighting systems, such as solar power LEDs, to reduce energy consumption and carbon emissions. Existing airports are under pressure to expand and reach full capacity, leading to a decline in the use of conventional incandescent lights and an emphasis on LED lighting for both terminal buildings and airfield lighting. New airports and construction projects are also adopting LED-based airfield lighting and wireless power concepts. Preventive maintenance is a priority to ensure airport connectivity and maintain a healthy rate of growth. The aviation industry’s expanding capacity, especially in large and civil airports, is driving the market’s accelerating growth. Small airports are also experiencing rapid growth, and subsidies may be necessary to meet the increasing demand for civil aviation capacity. Ground traffic and aircraft infrastructure are also key considerations in airport lighting strategies. 

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Market Challenges

The commercial airport lighting market is experiencing heightened competition due to the entry of new players and technological advancements. Established companies face pricing pressures and shifting market dynamics, necessitating continuous innovation and improvement to maintain market share. Investment in research and development is crucial to stay competitive and meet evolving customer demands. Operational efficiency and cost reduction are also essential for success. Failure to address these challenges may result in decreased profitability and market dominance. Consequently, vendors must continually enhance their offerings to stay ahead of the competition. This competitive landscape is anticipated to present a significant challenge for the commercial airport lighting market during the forecast period.The Commercial Airport Lighting Market is experiencing growth due to increasing passenger traffic and the emphasis on expanding existing airports and constructing new ones. However, challenges such as the decline of conventional incandescent lights and the need for energy-efficient LED-based airfield lighting, wireless power concepts, and preventive maintenance are putting pressure on the aviation strategy. Existing airports are reaching full capacity, requiring funds for construction and connectivity. The rapid growth of small airports and the surge of energy consumption in Airside lighting call for a focus on energy-efficient solutions like energy-efficient LED lighting. The installation and maintenance of these systems present challenges, but built-in intelligence, retrieval of data, and performance prediction can help streamline airport operations. The market is accelerating with a healthy rate, with large civil airports and civil aviation capacity at the forefront. Subsidy standards and ground traffic are also factors to consider in this expanding market.

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Segment Overview 

This commercial airport lighting market report extensively covers market segmentation by  

Product Type1.1 LED lighting1.2 Non-LED lightingApplication 2.1 Landside2.2 Airside2.3 Terminal sideGeography 3.1 APAC3.2 Middle East and Africa3.3 Europe3.4 North America3.5 South America

1.1 LED lighting-  The global commercial airport lighting market is witnessing significant growth, with LED lighting being the largest segment in 2023. This trend is projected to continue, as LED technology’s energy efficiency is driving the transition from traditional lighting. LED lights offer numerous benefits, including longer lifespan, lower energy consumption, and reduced maintenance requirements. At airports, LED lighting is used extensively for runways, taxiways, aprons, terminals, and parking lots. The energy savings and safety advantages of LED lights make them an attractive choice for airport operators. With a lifespan of over 50,000 hours and 90% less power consumption compared to incandescent bulbs, LED lighting is a cost-effective and reliable solution for airport lighting needs.

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Research Analysis

The Commercial Airport Lighting Market is experiencing significant growth due to increasing passenger traffic and the modernization of airport infrastructure. Airport operators are investing in advanced airport lighting systems to enhance safety, improve connectivity, and provide better passenger experience. Existing airports are under pressure to expand and reach full capacity, leading to the construction of new terminals and runways. Energy consumption is a major concern, with the shift from incandescent lights to solar power LEDs reducing energy consumption and maintenance costs. Preventive maintenance is essential to ensure the longevity of these systems. Revenues in the market are expected to decline in the short term due to the impact of the COVID-19 pandemic on air travel. However, the long-term outlook remains healthy, driven by aviation strategy and funds allocated for airport expansion projects.

Market Research Overview

The Commercial Airport Lighting Market is experiencing accelerating growth due to increasing passenger traffic and a focus on modernizing airport infrastructure. Airports are emphasizing the use of innovative lighting systems, such as LED lighting and LED-based airfield lighting, to reduce energy consumption and carbon emissions. Existing airport infrastructure is being upgraded with energy-efficient LED lighting for passenger service areas and airside lighting. Wireless and contactless power concepts are gaining popularity for installation and maintenance challenges. Preventive maintenance is crucial to ensure the longevity of these systems. The decline in conventional incandescent lights is a short-term trend, as funds for airport construction and expansion continue to be a pressure point for airport operators. New airports and civil airports are expanding to meet civil aviation capacity standards, while small airports experience rapid growth. The busiest airports are investing in advanced lighting systems to streamline airport operations and improve connectivity. The market is expected to continue its healthy rate of growth in the coming years.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Product TypeLED LightingNon-LED LightingApplicationLandsideAirsideTerminal SideGeographyAPACMiddle East And AfricaEuropeNorth AmericaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Gravity Game Unite (GGU) Successfully Concludes European User Meetup for PC MMORPG ‘Ragnarok Zero: Global’!

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KUALA LUMPUR, Malaysia, July 21, 2026 /PRNewswire/ — Gravity Game Unite (GGU), the Malaysian subsidiary of global gaming company Gravity, successfully concluded the “Ragnarok Zero: Global European User Meetup” held in Germany.

Gravity Game Unite (GGU) hosted its first offline event for European users in Frankfurt, Germany, on July 18. The event was organized to demonstrate the company’s commitment to directly serving the European market and to build long-term relationships with the local community.

The event was attended by key Gravity Game Unite (GGU) executives, including CEO Yoshinori Kitamura, as well as members of the Ragnarok Zero: Global development team. Local users, influencers, and media representatives were also present, reflecting strong anticipation for the game. Europe was one of the regions where Ragnarok Zero: Global received particularly positive feedback during its OBT. CEO Yoshinori Kitamura’s attendance underscored the importance of the event and Gravity Game Unite (GGU)’s commitment to providing dedicated service to the European community.

The event began with welcoming remarks from the CEO of Gravity Game Unite (GGU), followed by an introduction to the title from the development team, a presentation on the service direction and roadmap for Europe, a developer talk featuring behind-the-scenes insights, a user Q&A session, and networking among users, developers, media representatives, and influencers. Attendees also received exclusive merchandise and enjoyed a variety of activities designed to create lasting memories.

Gravity Game Unite (GGU) stated that it plans to strengthen communication with users through the direct service of Ragnarok Zero: Global. During the event, the development team listened to user feedback and exchanged a wide range of views, while reaffirming its commitment to the game’s post-launch service direction and the growth of its community in Europe.

Harry Choi, President of Gravity Game Unite (GGU), said, “This event marked a significant milestone and laid a strong foundation for Gravity Game Unite (GGU)’s entry into the European market. We are making thorough preparations to repay the tremendous support and enthusiasm users showed during the OBT. We will continue to create opportunities to engage and communicate with our local community.”

Stay Connected

Players can follow the official Ragnarok Zero: Global channels for the latest news and updates.

Join OBT: https://roz.mygnjoy.com/en/event/obt
Pre-Register: https://roz.mygnjoy.com/event/prereservation?media=pr9
Discord: https://discord.gg/bFg77WjcHT
Facebook: https://www.facebook.com/ragnarokzeroglobal/
Instagram: https://www.instagram.com/ragnarokzeroglobal/
YouTube: www.youtube.com/@RagnarokZeroGlobal
TikTok: https://www.tiktok.com/@ragnarokzeroglobal

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SOURCE Gravity Game Unite SDN. BHD.

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The 18th Annual Globee® Awards for Innovation Invite Local, Regional, and Global Workplace and Business Achievement Nominations Worldwide

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Recognizing achievements across innovation, leadership, organizational advancement, products, services, and workplace excellence with worldwide participation

SAN FRANCISCO, July 21, 2026 /PRNewswire/ — The Globee® Awards, organizers of merit-based, data-driven business awards programs with worldwide participation that recognize achievements across industries, announced that entries are currently being accepted for the 18th Annual Globee® Awards for Innovation (Golden Bridge Awards®), inviting organizations, professionals, business owners, teams, and departments worldwide to nominate their local, regional, and global workplace and business achievements for consideration.

Apply now: https://globeeawards.com/innovation/

Originally established as the Golden Bridge Awards®, the program is now in its 18th year and continues its tradition of recognizing achievements across innovation, leadership, business transformation, organizational advancement, products, services, and measurable impact across industries and markets worldwide.

The awards recognize achievements that improve how organizations operate, serve customers, develop products and services, strengthen workplaces, advance technologies, enhance communications, and create measurable value for businesses, communities, and industries.

The program welcomes nominations representing achievements in innovation, operational excellence, customer experience, digital transformation, artificial intelligence, cybersecurity, healthcare, financial services, manufacturing, sustainability, workforce initiatives, brand, communications, creative, and other business and workplace environments.

Organizations of all sizes are invited to participate, including startups, small and medium businesses, large enterprises, public and private companies, government entities, educational institutions, research organizations, and non-profit organizations worldwide.

The Globee® Awards for Innovation recognize achievements across category groups including products and services, company and organization, individual and team, and brand, communication and creative. These recognitions are part of 10 awards programs that collectively reflect achievements across business and technology domains.

Nominations are welcomed for local, regional, and global achievements, recognizing that meaningful innovation and organizational progress can originate at every level and in every workplace.

Entries are evaluated through a merit-based, data-driven process involving participation from experienced professionals across multiple industries worldwide. Evaluations are conducted through a structured, consistent, and transparent framework based on defined scoring criteria.

Entries are open to organizations and professionals worldwide.

About the Globee® Awards

The Globee® Awards are organizers of merit-based, data-driven business awards programs with worldwide participation. Through 10 awards programs, the Globee® Awards recognize achievements across multiple industries and sectors. The programs use a structured evaluation approach involving participation from professionals across various industries.

Follow: @globeeawards

Hashtags: #GlobeeAwards #InnovationAwards #GoldenBridgeAwards #WorkplaceAchievements #BusinessAchievements #Innovation #Leadership #BusinessTransformation #GlobalRecognition #OrganizationalImpact

All trademarks belong to their respective owners.

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Finatical Software: The Next Decade of Finance Will Be Built on a Structured Financial Data Layer

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As AI transforms finance, trusted and structured financial data—not better prompts—will determine which organizations realize its full value.

DURHAM, N.C., July 21, 2026 /PRNewswire/ — Finatical Software, creator of Flash Reports for QuickBooks Online, today announced its vision for what it believes will become the next essential layer of the modern finance technology stack: the Structured Financial Data Layer.

For decades, finance technology has evolved in response to changing business needs.

1995–2015

Finance needed better reporting.

2015–2025

Finance needed real-time reporting, dashboards, and automated KPIs.

2025–2035

Finance needs trusted data for AI-powered decisions.

While organizations are investing heavily in artificial intelligence, many finance teams are discovering that AI is only as effective as the financial data and business logic it receives. Without a single source of truth built on reconciled, complete, and accurate financial information, AI can produce inconsistent analyses, conflicting recommendations, and outputs that are difficult to validate or trust.

“Much of the conversation around AI has focused on choosing the right model or writing better prompts,” said Shaun Pendrigh, Chief Technical Officer of Finatical Software. “We believe the real competitive advantage will come from building trusted, structured financial workflows that AI can consistently understand. Before finance teams can trust AI’s recommendations, they first need confidence in the data, calculations, and business logic behind them.”

Finatical believes finance organizations need more than access to AI—they need a governed foundation that organizes financial information into consistent, reusable, and auditable structures before AI enters the workflow.

That foundation is what Finatical describes as the Structured Financial Data Layer.

Unlike disconnected spreadsheets or opaque AI workflows, the Structured Financial Data Layer creates a trusted financial foundation where data, calculations, reporting logic, and business rules are transparent, reusable, and reviewable. Finance professionals can trace recommendations back to their source, understand how conclusions were reached, and maintain confidence in the decisions supported by AI.

Rather than replacing finance professionals, the Structured Financial Data Layer enables them to work more effectively with AI by combining trusted financial data with human judgment. AI can accelerate analysis, identify patterns, and generate recommendations, while finance professionals retain the ability to review assumptions, validate results, and understand the reasoning behind important business decisions.

“Finance professionals should remain in control of financial judgment,” Pendrigh added. “AI should amplify that expertise—not replace it. But that only happens when AI operates within a trusted financial workflow where both the data and the underlying logic can be reviewed.”

Finatical’s Flash Reports platform is designed around this philosophy by connecting live QuickBooks Online data with Microsoft Excel to create governed, refreshable financial models that become a trusted source of truth for reporting, forecasting, analysis, and AI-assisted decision support. By preserving financial logic within structured Excel workflows, finance teams gain the flexibility of Excel while maintaining the governance and transparency required for trustworthy AI.

“Finance has always required trust,” Pendrigh said. “AI doesn’t change that—it raises the standard. Organizations won’t gain a competitive advantage simply by adopting AI. They’ll gain it by building financial data foundations that make AI trustworthy, explainable, and repeatable.”

“Reporting was the last generation of finance technology,” Pendrigh concluded. “Decision support will define the next. The organizations that build a trusted Structured Financial Data Layer today will be best positioned to unlock the full potential of AI tomorrow.”

About Finatical Software

Finatical Software helps finance professionals transform live QuickBooks Online data into structured, trusted financial information and workflows for reporting, analysis, and AI-assisted decision support. Its flagship solution, Flash Reports, connects Microsoft Excel directly to QuickBooks Online, enabling finance teams to build refreshable, governed financial models while preserving the flexibility of Excel. Finatical’s vision is to become the trusted Structured Financial Data Layer for finance professionals working in Excel with QuickBooks Online.

Media Contact:

melissa.neal@finaticalsoftware.com

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