PUBLISHER: Lucintel | PRODUCT CODE: 1418129
PUBLISHER: Lucintel | PRODUCT CODE: 1418129
Obstruction Lighting Trends and Forecast
The future of the global obstruction lighting market looks promising with opportunities in the high building and tower, airport, and cranes & infrastructure markets. The global obstruction lighting market is expected to reach an estimated $1.9 billion by 2030 with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are governments worldwide are implementing stricter regulations requiring obstruction lighting for various structures, including buildings, towers, wind turbines, and communication masts, rapid growth of cities and infrastructure projects globally, as well as, increased awareness of aviation safety issues and the potential consequences of collisions with unlit obstacles.
A more than 150-page report is developed to help in your business decisions.
Obstruction Lighting by Segment
The study includes a forecast for the global obstruction lighting by type, application, and region.
List of Obstruction Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies obstruction lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the obstruction lighting companies profiled in this report include-
Obstruction Lighting
Lucintel forecasts that LED light is expected to witness the higher growth over the forecast period because they often have two to three times more luminous efficacies than traditional mercury vapor lamps, which have a very poor efficacy of 15 lumens per watt (lm/W) and LED obstruction lights are the favored option owing to their lower power consumption.
North America will remain the largest region over the forecast period because of development of airports, rising construction industry, growing infrastructural projects, and increase in funding for these projects by government bodies.
Features of the Global Obstruction Lighting Market
Market Size Estimates: Obstruction lighting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Obstruction lighting market size by type, application, and region in terms of value ($B).
Regional Analysis: Obstruction lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the obstruction lighting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the obstruction lighting market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the obstruction lighting market size?
Answer: The global obstruction lighting market is expected to reach an estimated $1.9 billion by 2030.
Q2. What is the growth forecast for obstruction lighting market?
Answer: The global obstruction lighting market is expected to grow with a CAGR of 8.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the obstruction lighting market?
Answer: The major drivers for this market are governments worldwide are implementing stricter regulations requiring obstruction lighting for various structures, including buildings, towers, wind turbines, and communication masts, rapid growth of cities and infrastructure projects globally, as well as, increased awareness of aviation safety issues and the potential consequences of collisions with unlit obstacles.
Q4. What are the major segments for obstruction lighting market?
Answer: The future of the global obstruction lighting market looks promising with opportunities in the high building and tower, airport, and cranes & infrastructure markets.
Q5. Who are the key obstruction lighting market companies?
Answer: Some of the key obstruction lighting companies are as follows.
Q6. Which obstruction lighting market segment will be the largest in future?
Answer: Lucintel forecasts that LED light is expected to witness the higher growth over the forecast period because they often have two to three times more luminous efficacies than traditional mercury vapor lamps, which have a very poor efficacy of 15 lumens per watt (lm/W) and LED obstruction lights are the favored option owing to their lower power consumption.
Q7. In obstruction lighting market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because of development of airports, rising construction industry, growing infrastructural projects, and increase in funding for these projects by government bodies.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.