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The navigation lighting market is forecasted to grow by USD 6.7362 million during 2023-2028, accelerating at a CAGR of 5.22% during the forecast period. The report on the navigation lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the introduction of energy-efficient lighting technologies, an increase in aircraft fleets, and stringent regulatory norms for maritime navigation lights.
The navigation lighting market is segmented as below:
By End-user
- Marine industry
- Aerospace industry
By Type
- High light intensity
- Medium light intensity
- Low light intensity
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the declining manufacturing cost of LEDs as one of the prime reasons driving the navigation lighting market growth during the next few years. Also, advances in lighting technology and advancement in navigation lighting controllers will lead to sizable demand in the market.
The report on the navigation lighting market covers the following areas:
- Navigation lighting market sizing
- Navigation lighting market forecast
- Navigation lighting market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading navigation lighting market vendors that include Aveo Engineering Group s.r.o, Beghelli S.p.A., Brunswick Corp., Canepa and Campi Srl, Carmanah Technologies Corp., Clarience Technologies, DAEYANG ELECTRIC Co. Ltd., Den Haan Rotterdam, FAMOR S.A., Glamox Group, Lopolight Aps, ORGA BV, Osculati Srl, Oxley Group, Perko Inc., Phoenix Products LLC, R Stahl AG, Raytheon Technologies Corp., and SPX Corp.. Also, the navigation lighting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
Executive Summary
The publisher recognizes the following companies as the key players in the global navigation lighting market: Aveo Engineering Group s.r.o, Brunswick Corp., Carmanah Technologies Corp., DAEYANG ELECTRIC Co. Ltd., Glamox Group, HELLA GmbH & Co. KGaA, Lopolight Aps, Osculati Srl, Perko Inc. , and Sealite Pty Ltd..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increase in aircraft fleet.'
According to the report, one of the major drivers for this market is the introduction of energy efficient lighting technologies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aveo Engineering Group s.r.o
- Beghelli S.p.A.
- Brunswick Corp.
- Canepa and Campi Srl
- Carmanah Technologies Corp.
- Clarience Technologies
- DAEYANG ELECTRIC Co. Ltd.
- Den Haan Rotterdam
- FAMOR S.A.
- Glamox Group
- Lopolight Aps
- ORGA BV
- Osculati Srl
- Oxley Group
- Perko Inc.
- Phoenix Products LLC
- R Stahl AG
- Raytheon Technologies Corp.
- SPX Corp.
