The latest market report published by Constancy Researchers “Global Marine Navigation Lights Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Marine Navigation Lights Market: Overview
The global marine navigation lights market was valued at US$ XX Million in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global marine navigation lights market is anticipated to witness substantial growth in the years to come due to the growing government regulations along with the rising marine passenger traffic across the globe. Moreover, the emergence of new technologies coupled with increased government regulations are some of the key opportunities for the global marine navigation lights market over the upcoming years. Besides, the high cost of LED lights is one of key factors estimated to hamper the global marine navigation lights market growth in the years to come.
Global Marine Navigation Lights Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global marine navigation lights market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global marine navigation lights market, the demand for marine navigation lights has decreased due to haltin the manufacturing industry worldwide along with the decreased traveling during the COVID-19 period.
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Global Marine Navigation Lights Market: Report Highlights
- Based on the type, the LED lighting category is estimated to witness the fastest growth during the forecast period in the marine navigation lights market. This is ascribed to the benefits of LED lighting including low power consumption, high aesthetic value, and others.
- Based on the regional analysis, North America dominated the market in 2020 and is projected to grow at the highest rate during the forecast period. This is majorly due to the developed marine and marine industry coupled with stringent regulations in the region. The U.S. had a major share in the North America navigation lights market and is estimated to continue its dominance over the forecast period.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global marine navigation lights market.
- As per the research by Constancy Researchers Private Limited, the global marine navigation lights market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Marine Navigation Lights Market
- Glamox AS
- Aveo Engineering Group, s.r.o.
- Hella Marine
- Perko Inc.
- Vega Global
- Lutron Electronics Co., Inc
- Canepa & Campi
- Den Haan Rotterdam
- FAMOR S.A.
- TRANBERG
- Others
Global Marine Navigation Lights Market: Segmentation
Constancy Researchers Private Limited has segmented the global marine navigation lights market on the basis of type, distribution channel, product type, product sales, and regional analysis-
Global Marine Navigation Lights Market: By Type
- Anti-collision Lighting
- Side Lighting
- Taxi Lighting
- Strobocope Lamp
- Floor Lighting
Global Marine Navigation Lights Market: By Distribution Channel
- Offline
- Online
Global Marine Navigation Lights Market: By Product Type
- Halogen
- LED
- Xenon
Global Marine Navigation Lights Market: By Product Sales
- Original Equipment Manufacturer (OEMs)
- Aftermarket
Global Marine Navigation Lights Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
