Military Lighting (Ground, Marine, and Airborne) Market - Global Forecast to 2023 - ResearchAndMarkets.com

August 22, 2018

DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The “Military Lighting Market by Application (Ground, Marine, and Airborne), Technology (LED, and Non-LED), Solution (Hardware, Software, and Services), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The military lighting market is projected to grow from an estimated USD 484.5 million in 2018 to USD 615.2 million by 2023, at a CAGR of 4.89% from 2018 to 2023

Rising focus on energy conservation, rise in the defense budgets of a large number of countries, significance of military lighting in warfare, and advancements in LED lighting technologies are the key factors driving the growth of the military lighting market. The high initial cost of installing LED lights and the existing backlogs of companies supplying military aircraft and ships are expected to impact the market negatively.

Based on platform, the ground segment is estimated to account for the largest share of the military lighting market in 2018. This growth is attributed to the increasing retrofitting of LED lights in military airports, modernization of soldier systems, rising demand for armored vehicles across different countries.

The North America region is estimated to account for the largest share of the military lighting market in 2018. This region is led by a large number of players operating in the military lighting industry. Also, various initiatives have been undertaken by the government to improve energy efficiency and reduce electricity costs in different military platforms. The US leads the research & development of different technologies used in military systems, and thus the market in North America is expected to lead during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Military Lighting Market, By Application

8 Military Lighting Market, By Solution

9 Military Lighting Market, By Technology

10 Military Lighting Market, By Region

11 Competitive Landscape

12 Company Profiles

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 Carmanah Technologies Corporation Glamox Osram Licht AG Revolution Lighting Technologies, Inc. Acuity Brands Lighting, Inc. ATG Airports Limited Avlite Systems ADB Safegate L. C. Doane Company

For more information about this report visit https://www.researchandmarkets.com/research/n5bs7b/military_lighting?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005350/en/

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SOURCE: Research and Markets

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PUB: 08/22/2018 08:22 AM/DISC: 08/22/2018 08:22 AM


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