Bharat Book Bureau Provides the Trending Market Research Report on “Military Lighting Market by End Use (Ground, Marine, Airborne), Product (LED, Non-LED), Type (Internal Lighting, External Lighting, Others) and Region (North America, Europe, Asia Pacific, Middle East, Rest of the World) - Forecast to 2027”under Defence Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
The Military Lighting Market is projected to grow from USD 559million in 2022 to USD 807million by 2027, at a CAGR of 7.6% from 2022 to 2027. The market is driven by the ongoing defense industry initiatives to modernize military platforms. However, the market's growth is limited by the lower lifespan of existing incandescent lightsto foresee the market growth.
The COVID-19 outbreak has had an impact on the military lighting supply chain. The spread of COVID-19 in the United States and Europe is expected to be slowed by lockdowns at military lighting vehicle research and development centres.As a result of the Asia Pacific lockdown, many businesses in the military lighting industry have lost revenue. Many startups have failed to continue operating in the area due to delays in development and a lack of funds. The commercialization of military lighting appears to have been delayed by a year when compared with pre conditions.
The ground segment is
expected to hold major share of the market during the forecast periodon the
basis ofend use
Several companies are designing military lighting for armored
vehicles. For instance, a range of rugged LED solutions is developed and
manufactured by Oxley for use on armored vehicles, including infantry fighting
vehicles and multi-role military vehicles. Oxley provides both visible lighting
and technology for covert operations, such as NVG compatible and infrared
lighting, suitable for use on wheeled and tracked vehicles. Solutions from
Oxley include driving lights and interior and task lighting, as well as panel
lamps, data capture, and EMI filters.
The LEDsegment is
anticipated to lead the military lighting market in near future
A light-emitting diode (LED) transforms energy to light often
in a very tiny area, less than one square millimeter, so that in an LED lamp,
there are several light-emitting diodes. LED is solid-state illumination (no
moving components and no gas within). Military aircraft use LEDs for fast
takeoffs, landings, and taxiing, which has several benefits over the older
halogen or xenon bulb-based aircraft lighting technology.
Interior lighting
segment to grow at highest ratein the military lighting market
Military aircraft are installed with dedicated lighting to
illuminate the main cabin. Further, an independent lighting system is also
provided in some cases so that passengers can read when the cabin lights are
off, and an emergency lighting system on the floor of the military aircraft to
aid passengers of the aircraft during an emergency. Cabin lights include dome
lights installed in cabins, cargo bays, loading ramps, exits, walkways, and
general illumination that includes dome lights, area lights, and mini
floodlights.
Asia Pacificto grow at
highest rate in terms of value
Asia Pacific is estimated to account for 29% of the military
lighting market in 2022. The market in Asia Pacific is projected to grow from
USD 160.1 million in 2022 to USD 247.2 million by 2027, at a CAGR of 9.1% from
2022 to 2027.
Break-up of profiles of
primary participants in this report:
•By Company Type: Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%
•By Designation: C level – 35%, Director level – 25%, Others – 40%
•By Region: North America - 45%, Europe – 25%, AsiaPacific – 15%, Middle
East– 10%,Rest of the World – 5%
The Major players includes Astronics Corp. (US), Honeywell International (US), Raytheon Technologies (US), Glamox (Norway), and Orion Energy Systems (US).
Research Coverage
The scope of the report covers detailed information regarding
the major factors, such as drivers, restraints, challenges, and opportunities,
influencing the growth of the ground support equipment market. A detailed
analysis of the key industry players has been done to provide insights into
their business overviews; solutions and services; key strategies; contracts,
joint ventures, partnerships & agreements, acquisitions, and new product
launches associated with the ground support equipment market. Competitive
analysis of upcoming startups in the ground support equipment market ecosystem
is covered in this report.
Reasons to Buy This
Report:
From an insight perspective, this research report has focused
on various levels of analyses—industry analysis (industry trends), market
ranking analysis of top players, value chain analysis, and company profiles,
which together comprise and discuss basic views on the competitive landscape,
emerging and high-growth segments of the military lighting market, high-growth
regions, and market drivers, restraints, and opportunities.
Browse our full report with Table of Content : https://www.bharatbook.com/report/1371885/military-lighting-market-by-end-use-ground-marine-airborne-product-led-non-led-type-internal-lighting-external-lighting-others-and-region-north-america-europe-asia-pacific-middle-east-rest-of-the-world-forecast-to
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