Navigation Lighting Market Overview, Growth, and Trends (2021-2031)

MARKET INTRODUCTION

The navigation light is a colored source of lighting fixed on spacecraft, aircraft, and waterborne vessels. The navigation lights are also known as positional lights, as these offer relative position of the aircraft. The navigation lights placement is authorized by civil authorities or international conventions. The navigation lights are used in partial visibility such as rain, fog or low light and to notify the specified position on aircraft or vessels.

MARKET DYNAMICS

The growth in the aircraft fleet due to the increasing air travel passengers is the major factor driving the growth of the navigational lighting market. Additionally, the adoption of energy-efficient lighting technologies also fuels the growth of the navigational lighting market. The rising awareness of efficient and green technology aims manufacturers to focus on energy-efficient light such as LEDs, which in turn is supporting the navigational lighting market growth.

MARKET SCOPE

The "Global Navigation Lighting Market Analysis to 2031" is a specialized and in-depth study of the navigation lighting market with a special focus on the global market trend analysis. The report aims to provide an overview of navigation lighting market with detailed market segmentation by type, end user. The global navigation lighting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading navigation lighting market players and offers key trends and opportunities in the navigation lighting market.

MARKET SEGMENTATION

The global navigation lighting market is segmented on the basis of type, end user. On the basis of type, the market is segmented as low light intensity, medium light intensity, high light intensity. On the basis of end user, the market is segmented as marine, aerospace.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global navigation lighting market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The navigation lighting market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting navigation lighting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the navigation lighting market in these regions.

MARKET PLAYERS

The reports cover key developments in the navigation lighting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from navigation lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for navigation lighting market. Below mentioned is the list of few companies engaged in the navigation lighting market.

The report also includes the profiles of key navigation lighting market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  Aveo Engineering Group, s.r.o.
  
•  Den Haan Rotterdam
  
•  Famor S.A.
  
•  Geltronix
  
•  Glamox AS
  
•  Hella Marine
  
•  OSRAM Opto Semiconductors GmbH
  
•  Perko Inc.
  
•  Sealite Pty Ltd
  
•  Tranberg AS
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Navigation Lighting Report Scope