Global Navigation Lighting Market to Garner Revenue of $41,706.1 Million

The global navigation lighting market is predicted to gain significance due to increasing safety regulations for airports. Asia Pacific region is predicted to dominate the market due to the use of advanced navigation lights technology.

Apart from the lights fitted outside the airplanes, the ground also needs to have a mixture of light emitting diodes (LEDS), strobe lights, halogens as well as high intensity discharge bulbs (HIDs).

The marine end-user segment is set to experience a rise in revenue from $19,693.1 million in 2019 and continue to grow further at a stable CAGR of 3.1%. The increasing use of navigation lights to assist in providing efficient directions to aircrafts and ships to help them avoid any mishaps has resulted in this growth.