Global Aviation Warning Lights Market was valued at US$ 12.22 Bn in 2019 and is expected to reach US$ 21.2 Bn by 2027, at a CAGR of 8.18 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Aviation Warning Lights MarketGlobal Aviation Warning Lights Market Dynamics:
Aircraft warning lights (AWL) are lighting devices fixed on any permanent or temporary structure, which could posture a potential hazard to air navigation. Lighting systems, frequently called obstruction lights, designed with different shapes, colors, and light intensity to produce an adequate level of safety. Growing demand for high-rise skyscrapers and government regulations and policies to rise acceptance of obstruction lights for aircraft safety, which is expected to drive the global aviation warning lights market. The market in North America is increasing at a significant CAGR of XX %, owing to numerous technological inventions and advancement of smart cities in the region.
Economic development, high living standards, and rapid progress of smart cities are resulting in increased demand for tall buildings across the world. In order to see this rising demand and attract buyers, players in the construction sector are building high-rise apartments, thus distinguishing their projects from others. Substantial developments in the telecommunication industry and wind turbines and growing demand for high-rise skyscrapers are some of the main factors driving the global aviation warning lights market. Hence, the rising demand for high-rise skyscrapers is projected to enhance the utilization of aviation warning lights across the world during the forecast period.
On the other hand, the high costs of raw materials like LEDs is one of the key restraints in the growth of the market. High demand in aviation warning lights is making this segment attractive for the investor that includes PE funds, Companies, and governments across the globe.
Global Aviation Warning Lights Market Segment Analysis:
On the basis of lamp type, LED segment is driving the growth of of aviation warning light market and is expected to keep the momentum during forecast period. High work efficiency, less energy consumption are key features driving the growth of the segment.
Global Aviation Warning Lights Market Regional Insights:
North America is the leading region of the global market, followed by the Asia Pacific. This can be mainly recognised to existence of a large amount of tall structures and growing incidence of aircraft collisions in North America. Regulations and policies connected with aviation warning lights and early acceptance of the LED technology are the other factors driving the market in the region. The U.S. held the largest share of the market in North America in 2019 and is projected to grow at at a significant CAGR of XX % during the forecast period.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Aviation Warning Lights market dynamics, structure by identifying and analysing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. The report will address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Aviation Warning Lights market.
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Scope of the Global Aviation Warning Lights Market Report:
Global Aviation Warning Lights Market, by Product Type
• Low-intensity Warning Lights
Type A
Type B
• Medium-intensity Warning Lights
Type A
Type B
Type C
• High-intensity Warning Lights
Type A
Type B
Global Aviation Warning Lights Market, by Application
• Towers
• Chimneys
• Building Infrastructure
• Cranes
• Airports
• Others (Water Tanks, Wind Mills, Water Towers, etc.)
Global Aviation Warning Lights Market, by Lamp Type
• LED
• Xenon
• Incandescent
Global Aviation Warning Lights Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Aviation Warning Lights Market:
• 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
• SPX Corporation
• GEA Group
• Contarnex Europe Limited
• Safran
• Oxley Group
• Cobham PLC
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