The global navigation lighting market will receive $41.706.1 billion in revenue

Due to the improvement of airport safety regulations, the global navigation lighting market is expected to become more and more important. Due to the use of advanced navigation light technology, the Asia-Pacific region is expected to dominate the market.

In addition to the lights installed on the exterior of the aircraft, the ground also needs to use a mixture of light emitting diodes (LEDS), strobe lights, halogen lights and high intensity discharge bulbs (HID).

The marine end-user market will grow from 19.693 billion U.S. dollars in 2019 to revenue and continue to grow at a steady compound annual growth rate of 3.1%. The increasing use of navigation lights to assist in providing effective directions to aircraft and ships to help them avoid any unfortunate accidents has led to this growth.