The airfield ground lighting system market size was valued at USD 144.02 Billion in 2023. The market is projected to grow from USD 150.32 Billion in 2024 to USD 208.53 Billion by 2032, exhibiting a CAGR of 4.2%.
With the rising requirement for airport infrastructure upgrades and the need to comply with the International Civil Aviation Organization (ICAO), there is an increasing demand for sophisticated Airfield Ground Lighting (AGL) systems. These systems, particularly those with smart monitoring and advanced sensor technologies, are essential to meet regulatory requirements and support growing airport capacities.
The Russia-Ukraine war has severely affected the AGL market, with sanctions limiting component availability and driving up costs. Rising fuel prices add to operational burdens for airports, resulting in deferred investments in airfield lighting. Regulatory changes and compliance issues further disrupt upgrades and innovation, thus slowing market progress.