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Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Navigation Lighting Market size was valued at US$ 36.4 billion in 2023 and is poised to grow at an 4.5% CAGR from 2024 to 2030. A navigation light is a source of illumination on a watercraft, aircraft, or spacecraft to give information about its position, heading, or status. Some navigation lights are color-coded red and green to assist traffic control. Their placement is instructed by international conventions or civil authorities like the International Maritime Organization (IMO). Navigation lights are used to prevent collisions at night or during natural calamities and are a vital tool in keeping you and your vessel harmless. It also provides awareness and information about the size, activity, and direction of travel. One can determine an appropriate course of action by understanding the characteristics of navigation lights. Increasing demand for navigation lights in the aerospace and marine sectors will boost the global navigation lighting market growth. Moreover, the increasing awareness about craft safety and expansion of the overall navigation lighting market will maintain the trend of the global market in the forecasted years.
Global players such as Glamox AS, Aveo Engineering Group, S.R.O., Hella Marine, Perko Inc. are continuously driving the global navigation lighting market growth through acquisitions, mergers, investments, etc. Based on the end-user the global navigation lighting market is segmented into aerospace and marine. In Aerospace, demand for navigation lights is increasing due to passenger aircraft, cargo planes, military aircraft, etc. Hence, the defense or military sector is boosting the global navigation lighting market growth at a significant rate. Geographically, North America held the major market share in 2021 and is expected to dominate the global navigation lighting market in the forecasted years.
Study Period
2024-30Base Year
2023CAGR
4.5%Largest Market
North AmericaFastest Growing Market
Europe
The high demand for aerospace and marine craft will drive the global market growth in the forecasted years. The increasing awareness and the increasing safety applications will maintain the demand in the global market. Moreover, the growing demand for air & water mobility for travel and increasing import-export actions by marine crafts will increase the global market revenue in this sector. Along with that, an increase in aircraft fleets and rising air travel will follow the lead. However, the high installation cost and maintenance cost may hamper the global market growth.
Based on regions, the market share is divided into North America, Asia-pacific, Europe, and the Middle East, and the African region. The navigation lighting market in the Asia Pacific is likely to hold a significant revenue share in 2021, and, in the following years, it is predicted to increase rapidly. It is attributed to increasing air travel, rising middle-class populations, and urbanization in this region. Also, increasing tourism activities in these emerging countries will fuel global market growth. North America is holding a major market share in the global navigation lighting market and is expected to maintain the CAGR in the upcoming years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-30 |
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Market Size in 2023 |
US$ 36.4 billion |
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Market CAGR |
4.5% |
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By Type |
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By End User |
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By Region |
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The navigation lighting market is projected to expand at a CAGR of 4.5% during the forecast period
Glamox AS, Aveo Engineering Group, S.R.O., Hella Marine, Perko Inc., Lutron Electronics Co., Inc, Canepa & Campi, Den Haan Rotterdam, FAMOR S.A., TRANBERG
Europe is the fastest-growing region for navigation lighting market
| 1. Executive Summary |
| 2. Global Navigation Lighting Market Introduction |
| 2.1. Global Navigation Lighting Market Taxonomy |
| 2.2. Global Navigation Lighting Market Definitions |
| 2.2.1. By Type |
| 2.2.2. By End User |
| 2.2.3. By Region |
| 3. Global Navigation Lighting Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Navigation Lighting Market Dynamic Factors - Impact Analysis |
| 3.6. Global Navigation Lighting Market Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Navigation Lighting Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Navigation Lighting Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Low Light Intensity |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Medium Light Intensity |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. High Light Intensity |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Navigation Lighting Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Aerospace |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Marine |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Navigation Lighting Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Navigation Lighting Market - Opportunity Analysis Index, By Type, By End User, and Region, 2024 - 2030 |
| 8. North America Navigation Lighting Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Low Light Intensity |
| 8.1.2. Medium Light Intensity |
| 8.1.3. High Light Intensity |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Aerospace |
| 8.2.2. Marine |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Navigation Lighting Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 8.5. North America Navigation Lighting Market Dynamics Trends |
| 9. Europe Navigation Lighting Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Low Light Intensity |
| 9.1.2. Medium Light Intensity |
| 9.1.3. High Light Intensity |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Aerospace |
| 9.2.2. Marine |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Rest of Europe |
| 9.4. Europe Navigation Lighting Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 9.5. Europe Navigation Lighting Market Dynamics Trends |
| 10. Asia-Pacific Navigation Lighting Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Low Light Intensity |
| 10.1.2. Medium Light Intensity |
| 10.1.3. High Light Intensity |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Aerospace |
| 10.2.2. Marine |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Navigation Lighting Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 10.5. Asia-Pacific Navigation Lighting Market Dynamics Trends |
| 11. Latin America Navigation Lighting Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Low Light Intensity |
| 11.1.2. Medium Light Intensity |
| 11.1.3. High Light Intensity |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Aerospace |
| 11.2.2. Marine |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Navigation Lighting Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 11.5. Latin America Navigation Lighting Market Dynamics Trends |
| 12. Middle East and Africa Navigation Lighting Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Low Light Intensity |
| 12.1.2. Medium Light Intensity |
| 12.1.3. High Light Intensity |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Aerospace |
| 12.2.2. Marine |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Navigation Lighting Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 12.5. MEA Navigation Lighting Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Key Types, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Glamox AS |
| 13.2.2. Aveo Engineering Group |
| 13.2.3. S.R.O. |
| 13.2.4. Hella Marine |
| 13.2.5. Perko Inc. |
| 13.2.6. Lutron Electronics Co., Inc |
| 13.2.7. Canepa & Campi |
| 13.2.8. Den Haan Rotterdam |
| 13.2.9. FAMOR S.A. |
| 13.2.10. TRANBERG |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.