Military Lighting Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
Global Military Lighting Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Military lighting include Infrared LED lights and Infrared HID lights that provide a high-powered covert IR light source. It offers explosion proof lighting and portable power equipment for military applications, built for safety and durability. Applications of military lighting include aviation & aerospace, chemical & pharmaceuticals, marine & ship yards, hazardous area, power plants& utilities and emergency management among others.
The global military lighting market is majorly driven by rise in technological advancements and increased awareness relating to cost-effective and energy efficient characteristics of LED lights. However Military bases or areas established in either outskirts or in underdeveloped & terrains areas increase the cost of implementing Military Lighting in many places which may hinder the growth of Military Lighting market. Moreover improvements in LED technologies and high accuracy lighting would provide growth in the upcoming years.
The global Military Lighting market is segmented based on the application, technology, solution and geography. Application segment is further segmented into ground, air borne and marine. Technology segment can be bifurcated into LED and non LED. Furthermore, solution segment includes hardware, software and services.
The global Military Lighting market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are covered under North America wherein Europe covers U.K, Russia, Germany, France, Spain, Italy and others. Asia-Pacific covers China, India, Japan, Australia, South Korea and others. RoW covers South America, Middle East and Africa.
Major companies operating in the global Military Lighting market are Astronics Corporation, Cobham PLC, Honeywell International Inc., Luminator Technology Group, Oxley Developments Company Ltd, Rockwell Collins Inc., Soderberg Manufacturing Company Inc., STG Aerospace, United Technologies Corporation, Zodiac Aerospace, Orion Energy Systems, Inc., and Carmanah Technologies Corporation, among others.
The key takeaways from the report
Scope of Military Lighting Market