Military Lighting Market Expected to Grow at 615.2 Million In Revenue by 2023| Global Major Manufacturers, Production and Sales Market Comparison

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The Military Lighting Market is projected to grow from an estimated US$ 484.5 Million in 2018 to US$ 615.2 Million by 2023, at a CAGR of 4.89% from 2018 to 2023.Rising focus on energy conservation, rise in the defense budgets of a large number of countries, significance of military lighting in warfare, and advancements in LED lighting technologies are the key factors driving the growth of the military lighting market.

“The North America region is estimated to account for the largest share of the military lighting market in 2018”
The North America region is estimated to account for the largest share of the military lighting market in 2018.This region is led by a large number of players operating in the military lighting industry. Also, various initiatives have been undertaken by the government to improve energy efficiency and reduce electricity costs in different military platforms. The US leads the research &development of different technologies used in military systems, and thus the market in North America is expected to lead during the forecast period.

The breakup of the profiles of the primary participants in this report on the military lighting market has been given below:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
• By Region: North America - 30%, Europe – 20%, Asia Pacific – 30%, Middle East- 10%, and RoW – 10%

Research Coverage:
The market study segments the military lighting market based on platform(ground, airborne, marine),application type (ground by application type, marine by application type, airborne by application type),technology (LED, non-LED), solution (hardware, software, services), and maps these segments and subsegments across 5 major regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW). The report provides in-depth market intelligence regarding the market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges that influence the growth of the military lighting market, along with an analysis of micro markets with respect to individual growth trends, future prospects, and their contribution to the military lighting market.

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Top Key Players in the “Military Lighting Market” include are Oxley Developments Company Ltd (UK), Astronics (US), STG Aerospace (UK), Orion Energy Systems, Inc. (US), Carmanah Technologies Corporation (Canada), Glamox International (Norway), OSRAM GmbH (Germany), Revolution Lighting Technologies, Inc. (US), Acuity Brands, Inc. (US), ATG Airports limited (UK), Avlite Systems (Australia), and ADB Safegate (Belgium)

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