This report provides an analysis of the military
lighting market for the forecast period from 2018 to 2023. It discusses
industry and technology trends that are currently prevailing in the military
lighting market. It analyzes the factors that drive and restrain the growth of
the military lighting market as well as the challenges faced by it. 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. Various measures undertaken by governments
across the globe for the adoption of more energy efficient lights in their
military platforms and the technological advancements in LED technology are
expected to drive the military lighting market during the forecast period.
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Among platforms, the airborne segment of the military lighting market is
projected to grow at the highest CAGR during the forecast period. While the marine
segment is expected to grow at a constant pace, the ground segment is expected
to account for the major share of the market across the globe.
Among solutions, the services segment is expected to grow at the highest
rate as major fitting, retrofitting and maintenance services are expected to be required for the adoption of LED technology.
The growing awareness about the advantages of the use of LED lights over
Non-LED lights, the market adoption rate, are expected to lead to growth at a
high CAGR. Most militaries services are retrofitting incandescent and
fluorescent lights with LED lights which will cause the market for Non-LED
lights to either grow at a very slow rate or show negative growth rate.
The North America region is projected to lead the military lighting
market during the forecast period. Rising military upgrades, such as the retrofitting of LED lights in the marine
segment and military airports, and the adoption of LED lights for airborne and other applications are expected to lead to
North America accounting for the largest market share during the forecast
period.
The Asia Pacific military lighting market is projected to grow at the
highest CAGR from 2018 to 2023. Modernization programs are increasing in the
Asia Pacific aviation, ground, and marine
military platforms, which is leading to the adoption of advanced aircraft military
lighting systems. These factors are anticipated to further propel the demand
for military lighting in the APAC region. Moreover, major defense powers in
this region, such as China and India are investing substantial amounts in the manufacture
and procurement of advanced military aircraft and marine military platforms, which is expected to further accentuate market growth.
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