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NEW YORK, April 21, 2021 /PRNewswire/ The global market for airfield ground lighting grew at a promising CAGR of little over 6% until 2020. A study by consulting firm Fact.MR projects the market to grow threefold at an impressive pace of 11% CAGR through 2031. Investments in the expansion of airport infrastructure, rising military expenditure, and rising airport construction projects are primary factors driving the demand of airfield ground lighting.
According to the study, key players are using advanced technologies such as Artificial Intelligence-based airfield ground lighting to improve their future prospects. They also are incorporating the Internet of Thinking (IoT) enabled features in airfield lights that can be grounded on runaways. These technological advancements are propelling the market growth at a robust pace.
business this morning. we go live to zurich. good morning, carolyn. good morning to you. we saw a rather uncharacteristic move by apple yesterday. the company announced it will ease restrictions for building applications for its iphones, and the ipad. of course that is paving the way for a third party company like adobe to finally create software for apple s devices, but you may well remember that just a couple of months ago, co steve jobs criticized adobe s flash technology as unreliable. it looks like apple is feeling the heat from an ongoing antitrust matter and feeling pressure from google s android.