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Global Navigation Lighting Market Size to Increase by $1.9 Billion During 2020-2024 | Includes COVID-19 Recovery Analysis | Technavio

·4-min read

The navigation lighting market is expected to grow by USD 1.90 million, progressing at a CAGR of almost 2% during the forecast period.

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Technavio has announced its latest market research report titled Global Navigation Lighting Market 2020-2024 (Graphic: Business Wire)

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The introduction of energy-efficient lighting technologies is one of the major factors propelling the market growth. However, factors such as delays in aircraft delivery might hamper market growth.

More details:

Navigation Lighting Market: End-user Landscape

Based on the end-users, the market saw maximum demand for navigation lighting from the marine industry in 2019. The increased procurement of new vessels that comply with new stringent emission norms has driven the demand for navigation lighting in the marine industry. The market growth in the segment will be significant during the forecast period.

Navigation Lighting Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 60% of the market’s overall growth is expected to originate from APAC. The thriving aerospace industry is one of the key factors driving market growth in APAC. China and Japan are the key markets for navigation lighting in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

  • Aveo Engineering Group s.r.o

  • Brunswick Corp.

  • Carmanah Technologies Corp.


  • Glamox Group

  • HELLA GmbH & Co. KGaA

  • Lopolight Aps

  • Osculati Srl

  • Perko Inc.

  • Sealite Pty Ltd.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five force summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by End-user

  • Market segments

  • Comparison by End-user

  • Marine industry - Market size and forecast 2019-2024

  • Aerospace industry - Market size and forecast 2019-2024

  • Market opportunity by End user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Competitive scenario

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Aveo Engineering Group s.r.o

  • Brunswick Corp.

  • Carmanah Technologies Corp.


  • Glamox Group

  • HELLA GmbH & Co. KGaA

  • Lopolight Aps

  • Osculati Srl

  • Perko Inc.

  • Sealite Pty Ltd.


  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Jesse Maida
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