Military Lighting Market value $615.2 Million by 2023 at a CAGR of 4.89%

1
According to the latest market research report
the "Military Lighting Market by Application
(Ground, Marine, and Airborne), Technology (LED,
and Non-LED), Solution (Hardware, Software,
and Services),
and Region America, Europe,
(North Asia
Pacific, Middle East, Rest of the World) -
Global Forecast to 2023", 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. The need to integrate cost-effective
technology and integrate LED lighting with
modernized military systems have propelled key
players to undergo advancements in military
lighting technology. Military lighting
manufacturers are focused on the development of
military lighting for the airborne, ground, and
marine platforms. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id220722552 The need to use cost-effective
and energy efficient lights is expected to drive
the market for military lighting. Also,
advancements in LED technology are expected to
help the military to absorb LEDs more
conveniently into their systems. Based on
platform, the airborne platform is projected to
lead the military lighting market during the
forecast period Based on the platform, the
airport lighting segment is expected to account
for a major market share in the military
lighting market during the forecast period, while
the combat helmet lighting segment is expected
to grow at the highest rate. The efforts of
governments for the use of LED lights in military
airports are expected to drive the market for
military airport lighting. Also, various
government programs for the modernization of
militaries is expected to lead to the growth of
the combat helmet lighting market at a high
pace. Based on technology, the LED segment of the
military lighting market is projected to witness
higher growth during the forecast period Based on
technology, the LED segment is expected to lead
the military lighting market. Growing awareness
about the various benefits of LED lights over
traditional incandescent and fluorescent lights
is leading to the higher adoption of LED lights
in military services.
2
Based on solution, the services segment of the
military lighting market is projected to witness
the higher growth during the forecast
period Since most military platforms are expected
to be required to retrofit LED lights in their
systems, a significant demand for retrofitting
services is expected in the industry. Also,
since the life time of LED lights is around 5
years, continuous maintenance services for these
lights will be required. The Asia Pacific region
is expected to lead the military lighting market
during the forecast period from 2018 to
2023 North America is expected to remain the
largest region due to high focus on energy
savings and advancement in lighting technology.
The APAC region is expected to lead the military
lighting market during the forecast period. APAC
is expected to be a major military lighting
market. Rising military upgrades, modernization
of military systems, and purchase of military
jets and ships are expected to upsurge demand in
the military lighting market in the APAC during
the forecast period. Key Market Players Major
companies profiled in the military lighting
market report are Oxley Developments Company Ltd
(UK), Astronics (US), Orion Energy Systems, Inc.
(US), and Carmanah Technologies Corporation
(Canada). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id220722552 About MarketsandMarkets Mar
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