ID: MRFR/A&D/8679-HCR | February 2021 | Region: Global | 168 pages
Global Military Lighting Market is projected to reach USD 674.52 Million by 2026 and register a CAGR of 4.71%. In military applications, lighting is required for roadways, security, vehicles, military residential purposes, tanks bunkers, and various other areas. Military lighting solutions offer reliability, energy efficiency, and sustainability, providing sophisticated dim lighting. Military lighting has always been crucial, but in recent years, governments across the globe are increasingly focusing on providing more efficient military lighting.
Global Military Lighting Market is expected to register significant growth during the forecast period owing to factors such as increased demand for intelligent military lighting solutions and rising defense expenditures of developing countries such as China and India. Furthermore, the enhanced safety and quality features of LED lights are also expected to drive the growth of the market. Additionally, increasing military modernization programs are also expected to drive the growth of the market.
However, issues related to the long lifespans of LED lights, high initial costs, and stringent government regulations might hamper the growth of the market.
The increasing adoption of LED lights by the armed forces owing to the high efficiency offered is expected to drive the growth of the market.
Other Prominent Players
|Market Size||USD 674.52 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Application, Technology and Solution|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Astronics Corporation (US), Cobham PLC (UK), Honeywell International, Inc. (US), Luminator Technology Group (US), Oxley, Developments Company Ltd. (UK), Raytheon Technologies Corporation (US), Soderberg Manufacturing Company, Inc. (US), STG Aerospace (UK), Safran (France), Orion Energy Systems, Inc. (US), Carmanah Technologies Corporation (Canada), Glamox (Norway), OSRAM GmbH (Germany), Revolution Lighting Technologies, Inc. (US), Acuity Brands Lighting, Inc. (US), ATG Airports Limited (UK), Avlite Systems (Australia), ADB Safegate (Belgium) and C. Doane Company (US)|
|Key Market Opportunities||The increasing adoption of LED lights by the armed forces owing to the high efficiency offered is expected to drive the growth of the market|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global Military Lighting Market is expected to record a substantial market valuation of USD 674.5 million by 2026.
Global Military Lighting Market is projected to register a moderate 4.71% CAGR in the forecast period.
The LED segment is expected to observe substantial demand over the review period.
The airborne segment is slated to expand as the fastest-growing segment.
A few emminent market players operating in the global military lighting market are Weatherford (US), Schlumberger Limited (US), Halliburton (US), among others.