The Global Aviation Warning Lights Market is supposed to develop with an annual development rate of 6.5% during the conjecture period.
According to the report, the global market will continue to be influenced by a number of macroeconomic and market-specific factors in the near future.
Astronics Corporation, a leading advanced technology provider to the aerospace and defense recently launched its Nuancia RGBW light strips to offer flexible lighting solutions for aircraft seats and cabins.
Market Drivers and Restraints:
Major advancements in the telecommunications and wind turbine industry and the growing demand for skyscrapers are some of the major factors driving the global aviation warning lights market. Therefore, the increasing demand for skyscrapers is likely to enhance the use of aviation warning lights around the world during the forecast period. On the other hand, the high costs of raw materials such as LEDs are one of the main obstacles to market growth. The high demand for aviation warning lights makes this segment attractive to investors including private equity funds, corporations and governments around the world.
Impact of Covid-19:
Coronavirus has affected all regions of the world. The overall demand for aviation warning lights systems in all regions of the world depends primarily on aircraft deliveries. Due to the COVID-19 outbreak, the demand for passenger travel has declined in the region, negatively affecting the aviation industry worldwide. The greatest reduction in demand is expected to occur in Asia Pacific, followed by Europe, which will reach its peak summer tourist season.
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Report is segmented as:
By Product Type
Low-intensity Warning Lights
Medium-intensity Warning Lights
High-intensity Warning Lights
o Towerso Chimneyso Building Infrastructureo Craneso Airportso Others (Water Tanks, Windmills, Water Towers, etc.)
By Lamp Type
o LEDo Xenon Incandescent
The LED segment is supposed to continue to dominate the global market during the foreseen period, due to the advantages that LED technology offers. The segment is expected to grow at a maximum CAGR of 7.1% from 2019 to 2027. Obstacle lights are signature LED lights that are used as warning lights that indicate the presence of obstacles. These warning lights are essential for use at night or in poor visibility conditions. A recent development is the use of high-power red LED arrays instead of incandescent bulbs, which has only been possible with the development of LEDs of sufficient brightness.
Based on geography, the global aviation warning lights market is divided into regions of Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, in terms of revenue, North America accounted for the highest share of the global aviation warning lights market in 2018, driven by growth in the construction business and increased investments in new airports in the area. In addition, the presence of a large number of skyscrapers and towers in the locale increases business in North America.
Key market players: • Astronics Corporation• Avlite Systems• Cooper Industries Inc. (Eaton Corporation plc)• Delta Obstruction Lighting Ltd• DeWiTec GmbH• Flash Technology, LLC. (SPX Corporation)• Wetra Aviation Obstruction Lights• Drake Lighting, Inc.• Dialight plc Contarnex Europe Limited• Avaids Technovators Pvt. Limited• Hughey and Phillips, LLC.• Orga BV• Q-AVIATION• Farlight• Sirena SpA
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position, and growth strategies. Comparative analysis on prime strategic activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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