Navigation Lighting Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Navigation Lighting Market By Type (Low Light Intensity, Medium Light Intensity, and High Light Intensity), End User (Aerospace and Marine) and Geography

 

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Report

Description

Navigation Lighting Market size is expected to be valued at USD 36.3 Million in 2022, growing at an 4.5% CAGR from 2022 to 2028. 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.

Key Developments:

In Mar 2021, Glamox was awarded a contract to supply LED lighting for the wind turbine foundations at Hywind Tampen, the world’s first and largest floating offshore wind power plant.

Navigation Lighting Market

MARKET SUMMARY
-
4.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.5%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Navigation Lighting Market

  • The navigation lighting market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The navigation lighting market is segmented based on type, end-user and geography.
Key Players
  • Glamox AS
  • Aveo Engineering Group
  • S.R.O.
  • Hella Marine
  • Perko Inc.
Navigation Lighting Market Dynamics

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.


Global Got Significant Share

Navigation Lighting Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Navigation Lighting Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

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

 

Global is the fastest-growing region for navigation lighting market


Report

Table Of Content

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, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Low Light Intensity
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Aerospace
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2022-2028
8. North America Navigation Lighting Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Aerospace
8.2.2. Marine
8.3. Country Analysis 2017-2021 and Forecast 2022-2028 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, 2022-2028
8.5. North America Navigation Lighting Market Dynamics – Trends
9. Europe Navigation Lighting Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Aerospace
9.2.2. Marine
9.3. Country Analysis 2017-2021 and Forecast 2022-2028 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, 2022-2028
9.5. Europe Navigation Lighting Market Dynamics – Trends
10. Asia-Pacific Navigation Lighting Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Aerospace
10.2.2. Marine
10.3. Country Analysis 2017-2021 and Forecast 2022-2028 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, 2022-2028
10.5. Asia-Pacific Navigation Lighting Market Dynamics – Trends
11. Latin America Navigation Lighting Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Aerospace
11.2.2. Marine
11.3. Country Analysis 2017-2021 and Forecast 2022-2028 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, 2022-2028
11.5. Latin America Navigation Lighting Market Dynamics – Trends
12. Middle East and Africa Navigation Lighting Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Aerospace
12.2.2. Marine
12.3. Country Analysis 2017-2021 and Forecast 2022-2028 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, 2022-2028
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

Report

Company Profile

  • 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

Description

Navigation Lighting Market size is expected to be valued at USD 36.3 Million in 2022, growing at an 4.5% CAGR from 2022 to 2028. 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.

Key Developments:

In Mar 2021, Glamox was awarded a contract to supply LED lighting for the wind turbine foundations at Hywind Tampen, the world’s first and largest floating offshore wind power plant.

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