Portland, OR -- (SBWIRE) -- 08/24/2017 -- The navigation light is a colored source of illumination fitted on aircraft, spacecraft, and waterborne vessel. These are also known as positional lights, as these provide relative position of the aircraft. The lights placement is mandated by civil authorities or international conventions. These are used in limited visibility such as rain, low light or fog and to notify the specified position on aircraft or vessels.

The increase in the aircraft fleet owing to the increase in air travel passengers drives the growth of the navigational lighting market. In addition, the introduction of energy-efficient lighting technologies also fuel the growth of the market. The growth in awareness of efficient and green technology forces manufacturers to focus on energy efficient light such as LEDs which in turn is favoring the market growth. However, the collapse of shipbuilding industry in China restrains the market growth. Moreover, the decline in manufacturing cost of LEDs is opportunistic for the navigational lighting market.

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The navigation lighting market is segmented by end user and by type. Based on end user, the market is bifurcated into marine and aerospace. On the basis of type, it is classified into low light, medium light, and high light intensity. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Navigation Lighting Market Key Segments:

By End User

- Marine
- Aerospace

By Type

- Low light intensity
- Medium light intensity
- High light intensity

Key Market Players Profiled In The Report

- Glamox AS
- Aveo Engineering Group, s.r.o.
- Hella Marine
- Perko Inc.
- Vega Global
- Lutron Electronics Co., Inc
- Canepa & Campi
- Den Haan Rotterdam
- FAMOR S.A.
- TRANBERG

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