The global aviation warning lights market was valued at US$ 721.4 Mn in 2018 and is anticipated to register a stable CAGR of 6.5% from 2019 to 2027, according to a new research report, published by Transparency Market Research (TMR) titled ‘Aviation Warning Lights Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’ Increasing demand for high-rise skyscrapers and government regulations and policies to increase adoption of obstruction lights for aircraft safety are driving the global aviation warning lights market. The market in North America is expanding at a significant CAGR of 6.6%, owing to numerous technological innovations and development of smart cities in the region.
Rising Demand for High-rise Skyscrapers to Drive Market
Economic growth, high living standards, and rapid development
of smart cities are resulting in increased demand for tall buildings across the
world. In order to meet this rising demand and attract buyers, players in the
construction sector are building high-rise apartments, thereby differentiating
their projects from others. Significant developments in the telecommunication
industry and wind turbines and rising demand for high-rise skyscrapers are some
of the primary factors driving the global aviation warning lights market. High
costs of raw materials, such as LEDs, are some of the factors hindering the
market. Several companies are making efforts to carry out research and
development activities to introduce innovations in aviation warning lights.
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In order to prevent risk of collision in case of aircraft
flying near the structures, the demand for aviation warning lights is rapidly
increasing. Aviation warning lights make structures more visible for passing
aircraft. They are usually used at night, although they can be used during the
daytime. These lights need to have sufficient brightness in order to be visible
at miles away from the structure. Moreover, high-rise buildings offer
technological as well as financial advantages in areas with high population
density. They have become a distinctive feature of housing accommodation in
virtually all densely populated urban areas worldwide. Hence, the rising demand
for high-rise skyscrapers is expected to augment the utilization of aviation
warning lights across the world during the forecast period.
Government Regulations and Policies to Increase Adoption
of Obstruction Lights for Aircraft Safety to Drive Market
Stringent mandatory regulations set for installation safety
of aircrafts as well as tall residential and commercial buildings are expected
to drive the global aviation warning lights market during the forecast period.
Installation of aviation warning lights is the most common and widespread
regulation mandated by various governing bodies such as International Civil
Aviation Organization (ICAO) and Federal Aviation Administration (FAA). These
government/regulatory authorities have mandated the installation of aviation
warning lights on tall structures so that they can be visible during the
daytime as well as at night. These devices come in different shapes, colors,
beam patterns, and light intensity. They offer an acceptable level of safety
defined by international regulations and national standards. These factors are
boosting the global aviation warning lights market.
Growing Adoption of Aviation Warning Lights led by Rising
Incidence of Aircraft Collisions and Technological Advancements to Create
Lucrative Opportunities for the Market
Geographically, the global aviation warning lights market
has been divided into five major regions. These include North America, Europe,
Asia Pacific, South America, and Middle East & Africa. In 2018, North
America was the leading region of the global market, followed by Asia Pacific.
This can be primarily attributed to presence of a large number of tall
structures and growing incidence of aircraft collisions in North America.
Regulations and policies associated with aviation warning lights and early
adoption of the LED technology are some of the other factors driving the market
in the region. The U.S. held the maximum share of the market in North America
in 2018. The market in the country is estimated to expand at a considerable
CAGR during the forecast period. The market in Europe is anticipated to expand
at a significant CAGR during the forecast period, owing to development of
aviation infrastructure and rising investments in the region. The aviation
warning lights market in Asia Pacific is expected to expand at the maximum CAGR
of 7.2% during the forecast period. Factors such as growing technological
advancements and development of high-rise buildings in developing countries
such as China are expected to drive the market in Asia Pacific during the
forecast period. Furthermore, growing construction activities in countries of
Asia Pacific have led to increase in the penetration of aviation warning lights
in the region. The market in Middle East & Africa and South America is
expected to expand at a substantial pace from 2019 to 2027, due to growing
number of towers and tall buildings in these regions.
Wetra Aviation Obstruction Lights, Astronics Corporation,
Avlite Systems, and Flash Technology, LLC. Likely to Continue to Lead the
Global Aviation Warning Lights Market
The company profiling of key players operating in the global
aviation warning lights market includes company overview, major business strategies
adopted, SWOT analysis, and market revenues for years from 2016 to 2018. Key
players operating in the global aviation warning lights market and profiled in
the report are Astronics Corporation, Avlite Systems, Cooper Industries Inc.
(Eaton Corporation plc), Delta Obstruction Lighting Ltd, DeWiTec GmbH, Flash
Technology, LLC. (SPX Corporation), Wetra Aviation Obstruction Lights, Drake
Lighting, Inc., Dialight plc, Contarnex Europe Limited, Avaids Technovators
Pvt. Limited, Hughey and Phillips, LLC., Orga BV, Q-AVIATION, Farlight, and
Sirena SpA. Various players are introducing technologically advanced aviation
warning lights and establishing partnerships with other players.
The global aviation warning lights market has been segmented
as follows:
Global Aviation Warning Lights Market, by Product Type
- Low-intensity
Warning Lights
- Type
A
- Type
B
- Medium-intensity
Warning Lights
- Type
A
- Type
B
- Type
C
- High-intensity
Warning Lights
- Type
A
- Type
B
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Global Aviation Warning Lights Market, by Application
- Towers
- Chimneys
- Building
Infrastructure
- Cranes
- Airports
- Others
(Water Tanks, Wind Mills, Water Towers, etc.)
Global Aviation Warning Lights Market, by Lamp Type
- LED
- Xenon
- Incandescent
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