On watercraft, aircraft, and spacecraft, navigation lights are used as white or colored illumination equipment. They give visual signaling as well as awareness of craft and vessel condition, position, and direction, which is especially crucial during nighttime vehicle operation. Personnel on land, such as an aircraft controller, ground crew, marina yard manager, and marina yard crew can also see the position or movement of the boat using navigation lights. Running lights, nautical lanterns, and signaling lights are various terms for navigation lights. These navigation lights were first used in the United States in 1838, and subsequently in the United Kingdom in 1849. These guidelines were officially adopted internationally in 1897. The colors of the lights were standardized according to a set of standards enacted in the United Kingdom. Three colors were chosen based on this rule, green, red, and white. These three colors are still used in marine navigation illumination today.
The use of LED for manufacturing of navigation lights is gaining huge traction because of LEDs’ qualities such as energy efficient, last longer, durable, and provide better light quality when compared to other lights. LEDs emit light in only one direction, eliminating the need for reflectors and diffusers that trap light. LEDs are more efficient in many applications because of this property.
The main purpose of a navigation lighting system is to keep vehicles from colliding. Lights are essential for all types of vehicles, whether little or large, as part of their navigation system. Navigation lights are illuminating equipment that are installed on aircraft and maritime boats for the purpose of navigation.
The COVID-19 epidemic created a slew of uncertainties, resulting in significant financial losses for a variety of businesses. Lockdown limitations enforced by multiple governments, as well as travel restrictions imposed between different countries, have had a severe influence on the global navigation lighting business. The closure of seaports and airports, as well as closed borders and import-export bans, further impeded the supply of raw materials, affecting the navigation lighting industry negatively.
The key players profiled in this report include Glamox AS, Aveo Engineering Group, S.R.O., Hella Marine, Perko Inc., Lutron Electronics Co., Inc, Canepa & Campi, Den Haan Rotterdam, FAMOR S.A., and TRANBERG.
The use of LED for manufacturing of navigation lights is gaining huge traction because of LEDs’ qualities such as energy efficient, last longer, durable, and provide better light quality when compared to other lights. LEDs emit light in only one direction, eliminating the need for reflectors and diffusers that trap light. LEDs are more efficient in many applications because of this property.
The main purpose of a navigation lighting system is to keep vehicles from colliding. Lights are essential for all types of vehicles, whether little or large, as part of their navigation system. Navigation lights are illuminating equipment that are installed on aircraft and maritime boats for the purpose of navigation.
The COVID-19 epidemic created a slew of uncertainties, resulting in significant financial losses for a variety of businesses. Lockdown limitations enforced by multiple governments, as well as travel restrictions imposed between different countries, have had a severe influence on the global navigation lighting business. The closure of seaports and airports, as well as closed borders and import-export bans, further impeded the supply of raw materials, affecting the navigation lighting industry negatively.
The key players profiled in this report include Glamox AS, Aveo Engineering Group, S.R.O., Hella Marine, Perko Inc., Lutron Electronics Co., Inc, Canepa & Campi, Den Haan Rotterdam, FAMOR S.A., and TRANBERG.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the navigation lighting market analysis from 2021 to 2030 to identify the prevailing navigation lighting market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the navigation lighting market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global navigation lighting market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End-User
- Marine
- Aerospace
By Type
- Low light intensity
- Medium light intensity
- High light intensity
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Glamox AS
- Aveo Engineering Group, s.r.o.
- Hella Marine
- Perko Inc.
- Vega Global
- Lutron Electronics Co., Inc
- Canepa & Campi
- Den Haan Rotterdam
- FAMOR S.A.
- TRANBERG
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NAVIGATION LIGHTING MARKET, BY TYPE
CHAPTER 5: NAVIGATION LIGHTING MARKET, BY END-USER
CHAPTER 6: NAVIGATION LIGHTING MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Navigation Lighting Market," the navigation lighting market was valued at $34,826.40 thousand in 2021, and is estimated to reach $51,277.10 thousand by 2030, growing at a CAGR of 4.2% from 2022 to 2030.Navigation lights, also known as position or running lights, are used to guide a ship's parking or an aircraft's landing. On boats and airplanes, navigation lights are an essential safety component. All vessels travelling between sunset and sunrise, as well as in low-visibility circumstances such as rain or fog, benefit from these lights. As needed by law and regulations, navigation lights on any water vessel or aircraft have a defined arc of lighting, range of visibility, and location. To provide color or white lighting, navigation lights can use a range of technologies incandescent or filament lighting, high intensity discharge, flashing, including light emitting diodes (LEDs), and halogen lighting.
However, the cost of installing and producing navigation lights will limit the expansion of the navigation lighting market industry. Navigation lighting, too, demands regular maintenance and special attention. Because all of the navigation lights on ships and aircraft are located outside, they are susceptible to the effects of seawater, precipitation, and atmospheric moisture.
Air passenger traffic has increased recently. As a result, airlines are increasing their fleet capacity. For instance, Tata Group ordered around 200 airplanes to scale -up the fleet. Moreover, due to increasing air passenger traffic, low-cost airlines are increasing their fleet and international routes. Besides, increasing spending on military aircraft and fighter jets is projected to fuel the navigation light market opportunities in the coming years.
The global navigation lighting market share is segmented on the basis of type, end-user, and region. By type, the market is classified as low light intensity, medium light intensity, and high light intensity. By end-user, the market is classified as marine and aerospace. By region, the market is analyzed across North America, Asia-Pacific, LAMEA, and Europe.
The key players in the navigation lighting market are Glamox AS, Aveo Engineering Group, S.R.O, Hella Marine, Perko Inc., Lutron Electronics Co., Inc, Canepa & Campi, Den Haan Rotterdam, FAMOR S.A., and TRANBERG.
The report focuses on the global navigation lighting market trends and the major products and applications, where navigation lights are deployed & used, and role of different key players that shape the market. The report focuses on the overall demand for navigation lights in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.
Impact of COVID-19 on the Global Navigation Lighting Industry
COVID-19 had a negative impact on the global navigation lighting market. The spread of the novel coronavirus created havoc across industries. To prevent the spread of the virus, government bodies of several countries restricted traveling and implemented social distancing norms. As a result, many manufacturing units were working with a limited workforce or completely halted their operation. This factor has resulted in negative growth of the market in the pandemic time period.
The spread of coronavirus disrupted the supply chain, industrial operation, and logistics operation. Therefore, a major decline was observed in the global navigation light market due to the impact of COVID-19.
The Covid-19 pandemic had an influence on public services, economics, and opportunities all around the world, and tourism is one of the most affected businesses. The entire value chain of the organization got disrupted.
COVID-19 impacted almost all industries and the navigation lighting producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, shortage of labor, and the fear of contracting the novel coronavirus, which led to sluggish demand in the market.
Social distancing norms, closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global market.
Key Findings of the Study
- Based on type, the high light intensity sub-segment emerged as the global leader in 2021 and medium light intensity sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
- Based on end-user, the marine sub-segment emerged as the global leader in 2021 and aerospace sub-segment is predicted to show the fastest growth in the upcoming years.
- Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.
Companies Mentioned
- Glamox As
- Aveo Engineering Group, S.R.O.
- Hella Marine
- Perko Inc.
- Vega Global
- Lutron Electronics Co. Inc
- Canepa & Campi
- Den Haan Rotterdam
- Famor S.A.
- Tranberg
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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