About Navigation Lighting
Navigation light is safety equipment, which is a coloured source of illumination that placed on a waterborne vessel, aircraft, or spacecraft. It helps to provide the relative position of crafts, which is used to signal the craft’s position, heading, and status. It is a colour source of illumination which is placed on a waterborne vessel, aircraft, or spacecraft to provide the relative position of the craft. International conventions or civil authorities mandate the placement of such lights
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Germany Manufacturers will contribute the maximum growth to Global Navigation Lighting market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Glamox (Norway), Daeyang Electric (South Korea), Osculati (Italy), Aveo Engineering, Hella Marine (Germany), Lopolight (Denmark), Perko (United States), Beghelli (Italy), Philips (Netherlands), GE (United States) and OSRAM (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Navigation Lighting market by Type (Anti-Collision Lighting, Side lighting, Taxi lighting, Stroboscope Lamp and Floor Lighting), Application (Marine Navigation Lights and Aviation Navigation Lights) and Region.
On the basis of geography, the market of Navigation Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Navigation Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Declining Manufacturing Cost of LED
Market Growth Drivers:
Increase in Aircraft Fleet
Challenges:
Collapse of Shipbuilding Market in China
Market Leaders and their expansionary development strategies
In November 2023, -Lumentum Holdings Inc. announced that it has completed its announced acquisition of Cloud Light Technology Limited (“Cloud Light”). The acquisition recognizing the enhanced customer value proposition it brings through leading-edge technology, a broader product portfolio.
In April 2023, Perko has announced the new (C-5) Bi-color Navigation Lights for 2023 are now available for order. The new lights were designed to fit in the same space "envelope" as the older (non C-5) Perko lights. The lights meet the 2NM visibility requirement as well as comply with the new C-5 regulations that take effect in 2023, the regulation bring light intensity output consistency in line with similar European regulations.
Key Target Audience
Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters. and Association and Government Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.