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CM21028346 |
Pages: 180 |
Jun 2022 |
Source: Research Dive Analysis
The navigation lighting is mainly used for marine or aerospace transportation, to avoid collision at night. The primary function of any navigation lighting system is to prevent vehicles’ accident. All types of vehicles whether they are small or big require lights as part of their navigation system. Navigation lights are white or colored illuminating devices which are fitted on aircraft and shipping vessels for navigation purpose. They give visual signaling as well as awareness of craft & vessel position, condition, and direction, which is especially crucial during nighttime vehicle operation. It also helps to know size, position, and direction of vehicles.
However, installation & manufacturing of navigation lights is very expensive which is going to restrain navigation lighting market growth. Also, navigation lighting requires proper maintenance and extra care. Since navigation lightings are located at the exterior of the vehicles, they are vulnerable to the impacts of seawater, precipitation, and atmospheric moisture. This factor is likely to hamper global navigation lighting market.
The global navigation lighting market growth is expected to boost in the forecast time period due to rising demand of people for faster, safer, and convenient mode of transportation. The navigation lightings are illuminating devices on water vessel and aircraft for providing visual signal & position between two vehicles, which is important during night time. For instance, according to article published on Financial Express, on May 11, 2021, the cruise industry has witnessed the growth of 35% year on year, which is anticipated to increase navigation lighting market share.
According to regional analysis, the Asia-Pacific global navigation lighting market accounted is projected to significantly grow in the projected timeframe.
Navigation lights are a critical safety feature on boats and aircraft. These lights aid all vessels navigating between sunset and sunrise, as well as in low-visibility conditions like rainfall or fog. Navigation lights are mostly known as position or running lights that are used to navigate the parking of a ship or landing of an aircraft. It is divided into side light, mast-head light, towing light, stern light, and other categories. The mast-head light is a white light that is used to alert people to one's position and location. A side light is used to indicate a sailing direction, similar to a turn signal. It must be placed with a red light on the left side and a green light on the opposite side. A towing light, such as a yellow light, is also used to signal a towing issue.
The global crises and commercial uncertainties caused by the Covid-19 outbreak have had a substantial impact on the operations of many enterprises, resulting in revenue losses. The global navigation lighting market has been harmed by lockdown restrictions imposed by several governments, as well as travel restrictions imposed by other countries. Also, shutdown of seaports & airports, closed borders, and ban on import-exports further hampered the supply of raw materials, which impacted the market drastically. In addition, the sudden drop in the demand for passenger aircraft & cruise ship due to covid-19 pandemic and social distancing norms hampered the growth of global navigation lighting market.
To cope with declining business growth in covid-19 pandemic, the UN General Assembly adopted international cooperation to solve issues faced as a result of the COVID-19 epidemic to sustain global supply chains. Also, the governments of numerous countries started focusing on vaccinating against covid-19, bilateral or multilateral trade agreements, and lifting travel restrictions along with implementing new health guidelines for safe travel.
Factors like increase in demand for travel after the ease of Covid-19 travel restrictions and rise in passengers demand for air travel as they can reach their destination early are expected to drive the market growth. The aviation industry is expanding at a high rate. According to India Brand Equity Foundation (IBEF), in 2021, India became third largest aviation market in the world. The aviation sector has benefited from an increase in the number of middle-income households, strong competition among low-cost carriers, infrastructure expansion at major airports, and supportive governmental environment. Also, the initiatives taken by government such as UDAN scheme to connect small and medium cities with metro cities through airline services, Kirishi UDAN 2.0 and NIRMAN scheme to expand the airport handling capacity are going to boost aviation industry which is leading to productions of more aircrafts to meet the demand. The equitable rise in air-passenger traffic and aircraft is driving the global navigation lighting market.
‘To know more about global navigation lighting market drivers, get in touch with our analysts here.
Navigation lights are made using variety of technology such as light emitting diodes (LED), high intensity discharge (HID), halogens, flashes, and halogen lighting. These navigation lights are used to provide white or color lighting to avoid collision at night or in low visibility. These lights are equipped with lenses and control panels to protect navigation lighting from rain, snow, dust damage, and atmospheric moisture. The cost involved in manufacturing & installing these lights is high which is going to be the biggest restraint for the navigation lighting market. Despite the significant investment costs, the light has a high risk of being broken, necessitating the replacement or modification of the light after a certain amount of time.
Based on type, the market has been classified into low light intensity, medium light intensity, and high light intensity. Among these, the medium light intensity is estimated to show the fastest growth during forecast period.
Source: Research Dive Analysis
The medium light intensity sub-type is anticipated to be the fastest growing market share during the timeframe. Medium light intensity light consists of a series of flashers and steady-burning light bars that provide visual information about the position, height perception, and references to aid in the visual component of an instrument approach. Medium light intensity lights are suitable for aircraft, watercraft, and spacecraft. The medium light intensity lights require low maintenance because these lights are made using LEDs having a life expectancy of around 50,000 hours. When compared to traditional light sources, LEDs have a two-fold increase in luminous efficiency, a two- to three-fold reduction in CO2 emissions, and a ten-fold increase in life lifetime. It is for this reason that these are being considered as a possible future light source.
Based on end-user the market has been divided into marine and aerospace. Among these, the marine sub-segment accounted for the highest navigation lighting market share in 2021.
Source: Research Dive Analysis
The marine sub-segment is anticipated to have a dominant navigation lighting market size during the review period. Navigation lights are colored or white illumination devices which are used by water vessels and spacecraft for avoiding any chance of accident. They also provide information regarding the position, size, and direction of vehicles. These navigation lights also indicate position of watercraft and aircraft to person, such as aircraft traffic controller, marine yard engineer, and dockyard manager.
Navigation lights are also known as marine lights or running lights. The transportation of goods and services by watercraft is cheaper compared to aircraft. Around 80%of import-exports of global economy happen through water ways. In order to respond more flexibly to changing market conditions, carriers, shippers, ports, and inland transport operators will rethink their business and operating models. For example, the covid-19 pandemic changed people’s perspective towards e-commerce, which is going to accelerate demand for shipping container for transportation, improving the navigation lighting market growth.
Source: Research Dive Analysis
The Asia-Pacific global navigation lighting market is predicted to garner dominant market share in the timeframe. The Asia-Pacific region market is playing an important role in the global economy, and it will continue to do so in the next fifteen years. The region will account for 45% to 50 % of global GDP by 2030. As a result of continuous urbanization, changing population’s trends, and growing middle classes, the demographic and social profile of Asia-Pacific will change during the next decade and a half. The region's key driving element in the forecast period is expected to be rapid infrastructure development and government attempts to expand airports & seaports. The development of infrastructure such as marine docks and airports will require installation of navigation lighting which is going to propel the global market growth of navigation lighting market. For example, the Indian government is focusing on operationalizing of 23 domestic waterways route for cost effective and environmentally friendly mode of transportation, which is going to increase the demand for navigation lighting market.
Moreover, in February 2021, the International Aviation Transport Association (IATA), released a mobile phone application for airline passengers that uses navigation lights to direct them to their respective aircrafts and seats. This is because, in order to adhere to social distancing conventions, airports have restricted the number of employees that accompany passengers to their seats. Apple iOS and Android users will be able to download the IATA app. During the epidemic, navigation lights assist passengers in having a stress-free journey, which may drive demand for navigation lights in the region market over the forecast period.
Source: Research Dive Analysis
Some of the major 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. Companies are investing in new product developments and collaborations to capture a dominant market share in the global navigation lighting market in the estimated period.
| Aspect | Particulars |
| Historical Market Estimations | 2020-2021 |
| Base Year for Market Estimation | 2021 |
| Forecast Timeline for Market Projection | 2021-2030 |
| Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
| Segmentation by Type |
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| Segmentation by End-user |
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| Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on navigation lighting market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on navigation lighting market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Navigation Lighting Market Analysis, by Type
5.1.Overview
5.2.Low Light Intensity
5.2.1.Definition, key trends, growth factors, and opportunities
5.2.2.Market size analysis, by region
5.2.3.Market share analysis, by country
5.3. Medium Light Intensity
5.3.1.Definition, key trends, growth factors, and opportunities
5.3.2.Market size analysis, by region
5.3.3.Market share analysis, by country
5.4. High Light Intensity
5.4.1.Definition, key trends, growth factors, and opportunities
5.4.2.Market size analysis, by region
5.4.3.Market share analysis, by country
5.5.Research Dive Exclusive Insights
5.5.1.Market attractiveness
5.5.2.Competition heatmap
6.Navigation Lighting Market Analysis, by End-user
6.1. Marine
6.1.1.Definition, key trends, growth factors, and opportunities
6.1.2.Market size analysis, by region
6.1.3.Market share analysis, by country
6.2. Aerospace
6.2.1.Definition, key trends, growth factors, and opportunities
6.2.2.Market size analysis, by region
6.2.3.Market share analysis, by country
6.3.Research Dive Exclusive Insights
6.3.1.Market attractiveness
6.3.2.Competition heatmap
7.Navigation Lighting Market, by Region
7.1.North America
7.1.1.U.S.
7.1.1.1.Market size analysis, by Type
7.1.1.2.Market size analysis, by End-user
7.1.2.Canada
7.1.3.Market size analysis, by Type
7.1.4.Market size analysis, by End-user
7.1.5.Mexico
7.1.5.1.Market size analysis, by Type
7.1.5.2.Market size analysis, by End-user
7.1.6.Research Dive Exclusive Insights
7.1.6.1.Market attractiveness
7.1.6.2.Competition heatmap
7.2.Europe
7.2.1.Germany
7.2.1.1.Market size analysis, by Type
7.2.1.2.Market size analysis, by End-user
7.2.2.UK
7.2.2.1.Market size analysis, by Type
7.2.2.2.Market size analysis, by End-user
7.2.3.France
7.2.3.1.Market size analysis, by Type
7.2.3.2.Market size analysis, by End-user
7.2.4.Spain
7.2.4.1.Market size analysis, by Type
7.2.4.2.Market size analysis, by End-user
7.2.5.Italy
7.2.5.1.Market size analysis, by Type
7.2.5.2.Market size analysis, by End-user
7.2.6.Rest of Europe
7.2.6.1.Market size analysis, by Type
7.2.6.2.Market size analysis, by End-user
7.2.7.Research Dive Exclusive Insights
7.2.7.1.Market attractiveness
7.2.7.2.Competition heatmap
7.3.Asia Pacific
7.3.1.China
7.3.1.1.Market size analysis, by Type
7.3.1.2.Market size analysis, by End-user
7.3.2.Japan
7.3.2.1.Market size analysis, by Type
7.3.2.2.Market size analysis, by End-use
7.3.3.India
7.3.3.1.Market size analysis, by Type
7.3.3.2.Market size analysis, by End-user
7.3.4.Australia
7.3.4.1.Market size analysis, by Type
7.3.4.2.Market size analysis, by End-user
7.3.5.South Korea
7.3.5.1.Market size analysis, by Type
7.3.5.2.Market size analysis, by End-user
7.3.6.Rest of Asia Pacific
7.3.6.1.Market size analysis, by Type
7.3.6.2.Market size analysis, by End-user
7.3.7.Research Dive Exclusive Insights
7.3.7.1.Market attractiveness
7.3.7.2.Competition heatmap
7.4.LAMEA
7.4.1.Brazil
7.4.1.1.Market size analysis, by Type
7.4.1.2.Market size analysis, by End-user
7.4.2.Saudi Arabia
7.4.2.1.Market size analysis, by Type
7.4.2.2.Market size analysis, by End-user
7.4.3.UAE
7.4.3.1.Market size analysis, by Type
7.4.3.2.Market size analysis, by End-user
7.4.4.South Africa
7.4.4.1.Market size analysis, by Type
7.4.4.2.Market size analysis, by End-user
7.4.5.Rest of LAMEA
7.4.5.1.Market size analysis, by Type
7.4.5.2.Market size analysis, by End-user
7.4.6.Research Dive Exclusive Insights
7.4.6.1.Market attractiveness
7.4.6.2.Competition heatmap
8.Competitive Landscape
8.1.Top winning strategies, 2021
8.1.1.By strategy
8.1.2.By year
8.2.Strategic overview
8.3.Market share analysis, 2021
9.Company Profiles
9.1. Glamox AS
9.1.1.Overview
9.1.2.Business segments
9.1.3.Product portfolio
9.1.4.Financial performance
9.1.5.Recent developments
9.1.6.SWOT analysis
9.2. Aveo Engineering Group
9.2.1.Overview
9.2.2.Business segments
9.2.3.Product portfolio
9.2.4.Financial performance
9.2.5.Recent developments
9.2.6.SWOT analysis
9.3.S.R.O
9.3.1.Overview
9.3.2.Business segments
9.3.3.Product portfolio
9.3.4.Financial performance
9.3.5.Recent developments
9.3.6.SWOT analysis
9.4. Hella Marine
9.4.1.Overview
9.4.2.Business segments
9.4.3.Product portfolio
9.4.4.Financial performance
9.4.5.Recent developments
9.4.6.SWOT analysis
9.5. Perko, Inc.
9.5.1.Overview
9.5.2.Business segments
9.5.3.Product portfolio
9.5.4.Financial performance
9.5.5.Recent developments
9.5.6.SWOT analysis
9.6.Lutron Electronics Co., Inc
9.6.1.Overview
9.6.2.Business segments
9.6.3.Product portfolio
9.6.4.Financial performance
9.6.5.Recent developments
9.6.6.SWOT analysis
9.7.Canepa & Campi
9.7.1.Overview
9.7.2.Business segments
9.7.3.Product portfolio
9.7.4.Financial performance
9.7.5.Recent developments
9.7.6.SWOT analysis
9.8.Den Haan Rotterdam
9.8.1.Overview
9.8.2.Business segments
9.8.3.Product portfolio
9.8.4.Financial performance
9.8.5.Recent developments
9.8.6.SWOT analysis
9.9.FAMOR S.A.
9.9.1.Overview
9.9.2.Business segments
9.9.3.Product portfolio
9.9.4.Financial performance
9.9.5.Recent developments
9.9.6.SWOT analysis
9.10.TRANBERG
9.10.1.Overview
9.10.2.Business segments
9.10.3.Product portfolio
9.10.4.Financial performance
9.10.5.Recent developments
9.10.6.SWOT analysis
10.Appendix
10.1.Parent & peer market analysis
10.2.Premium insights from industry experts
10.3.Related reports
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