July 2022, Research Report on the Global Military Lighting Market.
Military Lighting Market Forecast
Military Lighting Market In On A Valuation 542.9 Million By 2030, Global Market Is Likely To Grow At A Global CAGR Of 2.9% By 2020-2030
The compatibility of LED lights with military operations has significantly contributed to the expansion of the military lighting market. Furthermore, the increasing defense expenditures of countries such as the US, China, and India are also expected to drive the growth of the market. Additionally, the enhanced safety and quality features offered by LED lights are also expected to drive the growth of the market.
However, issues related to the long lifespans of LED lights, high initial costs, and stringent government regulations might hamper the growth of the market.
Market USP
The increasing adoption of LED lights by the armed forces owing to the high efficiency offered is expected to drive the growth of the market.
Growth Opportunities in the Market
The Airborne Segment Is Expected to Register the Highest CAGR during the Forecasted Period: The airborne segment of the military lighting market is expected to record the highest CAGR during the forecast period owing to the growing demand for military aircraft and UAVs from several countries. In addition to this, various modernization programs by developed countries like the US, include night-vision-compatibility in the lighting systems of their military aircraft, which is also expected to drive this market.
The LED Segment Is Expected to Register the Higher CAGR during the Forecasted Period: The LED segment is expected to record the higher CAGR during the forecast period, owing to benefits offered by LED technology such as energy efficiency, decrement in overall operational and maintenance costs, durability, the ability to function in extreme weather conditions, and eco-friendly operation. Such benefits offered by LED technology are expected to drive the growth of the segment.
The Services Segment Is Expected to register the Highest CAGR during the Forecasted Period: The Services segment is expected to register the highest CAGR during the forecast period, owing to the increasing demand for retrofitting services. Additionally, LED lights require maintenance services during their long lifespans, which are expected to drive the growth of the segment.
Key Players
- Astronics Corporation (US)
- Cobham PLC (UK)
- Honeywell International, Inc. (US)
- Luminator Technology Group (US)
- Oxley Developments Company Ltd. (UK)
- Raytheon Technologies Corporation (US)
- Soderberg Manufacturing Company, Inc. (US)
- STG Aerospace (UK)
- Safran (France)
Other Prominent Players
- Orion Energy Systems, Inc. (US)
- Carmanah Technologies Corporation (Canada)
- Glamox (Norway)
- OSRAM GmbH (Germany)
- Revolution Lighting Technologies, Inc. (US)
- Acuity Brands Lighting, Inc. (US)
- ATG Airports Limited (UK)
- Avlite Systems (Australia)
- ADB Safegate (Belgium)
- C. Doane Company (US)
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Base Year | 2022 |
Companies Covered | 15 |
Pages | 168 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.