The global market for aviation beacons technology is expected to witness significant growth during the forecast period owing to various factors such as increase in the number of passengers leading to subsequent rise in air passenger traffic and growing demand for commercial aircraft across all regions. In addition to this, increasing investments in aviation in various regions is expected to positively influence the market growth.
Based on region, the global aviation beacons technology market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. In 2018, the North American market dominated the global market and is expected to register the highest CAGR during the forecast period. An increase in the number of air travelers in this region is expected to drive the market growth. The market in the US dominated the North American global aviation beacons technology market in 2018. The presence of key aviation companies such as Emerson Electric, Flight Light Inc., and TWR Lighting, Inc. propels the market growth in the country. Moreover, the delivery of high volumes of aircraft orders in the US is projected to fuel market growth during the forecast period.
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Europe is also likely to offer lucrative growth opportunities during the forecast period. The report provides in-depth analysis of the markets in the UK, France, Germany, Russia, and the rest of Europe. The UK accounts for the largest share of the European aviation beacons technology market. Furthermore, the market in the UK is expected to register the highest CAGR owing to increasing number of domestic and international air passengers travelling in and around the country.
The Asia-Pacific region includes China, India, Japan, and the rest of Asia-Pacific. The market in China accounts for the largest share in the Asia-Pacific regional market owing to the country’s expertise in manufacturing electronic hardware. Moreover, the rising per capita disposable incomes of the Chinese population has led to a rise in passengers travelling by air which has led to development of airport infrastructure in the country, thereby driving the market growth.
The rest of the world includes the Middle East & Africa and the rest of the world. The market in the Middle East & Africa is expected to account for the larger share during the forecast period owing to the presence of various private airlines in the region. Moreover, due to the large number of private investors in countries such as the UAE and Saudi Arabia, the market is expected to witness significant growth in the region.
Increasing investments in the aviation industry in Latin America are expected to bolster the market growth in the region. Moreover, increase in per capita disposable incomes of the population of countries such as Brazil have led to an increase in the number of air travelers in the country, thereby driving market growth.
The global aviation beacons technology market has been segmented on the basis of type and application. On the basis of type, the global aviation beacons technology market has been segmented into low light intensity beacons, medium light intensity beacons, and high light intensity beacons. On the basis of application, the market has been segmented into airport, aerodrome, runway, and others.
The key players in the global aviation beacons technology market are Point Lighting Corporation (US), Emerson Electric (US), Flight Light Inc. (US), Avlite Systems (Australia), Obelux Oy (Finland), Flash Technology, LLC (US), TWR Lighting, Inc. (US), Clampco Products Inc. (US), Orga BV (Netherlands), and Unimar Inc. (US).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis, for leading market players; it also offers profiles on the key market players. The report assists in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises a basic assessment of the competitive scenario and strategies in the global space electronics market, including high-growth regions and/or countries and the political and economic environment. The project report further provides historical market values and pricing and cost analysis.
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