Global Aviation Beacons Technology Market Research Report: Information by Type (Low Light Intensity Beacons, Medium Light Intensity Beacons and High Light Intensity Beacons), Application (Airport, Aerodrome, Runway and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2024
Aviation Beacons Technology Market is Estimated to Register a CAGR of Nearly 21.4 % by 2024
Aviation Beacons Technology Market Competitive Dashboard:
Electric (US), Flight Light Inc. (US), Avlite Systems (Australia), Point Lighting Corporation (US), Flash Technology LLC (US), Orga BV (Netherlands), TWR Lighting, Inc. (US), Obelux Oy (Finland), Clampco Products Inc. (US), and Unimar Inc. (US) are few of the major participants in the global aviation beacons technology market assessed to accelerate revenue creation in the years to come. Key players are anticipated to multiply investments in technological innovations for gaining an edge over its competitors. Also, investments in regional expansion are poised to rise; thus, intensifying competition in the aviation beacons technology market over the next couple of years. Few of the growth strategies implemented by the market participants are product innovations, mergers & acquisitions, collaborations, agreements, research & development, etc.
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Market Synopsis:
Aviation beacons are crucial components used in airports for ensuring efficient functioning. Market Research Future (MRFR), in its latest assessment, has revealed that the global aviation beacons technology market is projected to register a significant CAGR over the forecast period 2019 to 2024. These components help pilots in maneuvering during landing and takeoff. Increasing demand for air travel is expected to lead the growth of the market over the next couple of years.
A rise in air accidents has been observed, which has accelerated investments in safety features in airports. This, in turn, is prognosticated to have a favorable impact on the expansion of the aviation beacons technology market in the forthcoming years. Also, rising air traffic is poised to open new avenues of growth opportunities for market participants.
The governments are investing in infrastructural development, which is likely to lead to an increased number of airports around the world. It is poised to expedite growth pace of the aviation beacons technology market in the nearby future. Also, modernization of airports is anticipated to influence the market’s expansion greatly in the years to come.
Market Segmentation:
Based on type, the global aviation beacons technology market has been segmented medium light intensity beacons, into low light intensity beacons, and high light intensity beacons. Among these, the medium light intensity beacons segment is expected to expand at a comparatively higher CAGR through the assessment period. Availability of the product in a wide range of colors such as amber, yellow, and green, in conjunction with the cost-effectiveness offered, is likely to lead the growth of the segment over the next few years.
On the basis of application, the aviation beacons technology market has been segmented into aerodrome, runway, airport, and others. The airport segment is expected to hold the largest share of the market in the foreseeable future. Increasing investments in the establishment of new airports for catering to the rising demand for air travel is anticipated to boost the growth of the segment over the next couple of years. In addition, the aerodrome segment is projected to exhibit the highest CAGR over the evaluation period.
Regional Analysis:
The geographical assessment of the global aviation beacons technology market spans across four key regions, viz. North America, Asia Pacific, Europe, and the Rest of the World (RoW). Asia Pacific resonates strong growth potential and is expected to strike a comparatively higher CAGR over the forecast period. The strong economic development of the region has led to an increase in disposable income. This, in turn, is poised to increase air travel in the region over the next few years. It is projected to catapult the regional aviation beacons technology market on upward trajectory. In addition, increasing number of airports is poised to boost the revenue growth of the market players in the forthcoming years.
Table of Contents:
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Aviation Beacons Market, By Type
1.1.2. Global Aviation Beacons Market, By Application
1.1.3. Global Aviation Beacons Market, By Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
Continued. . .
List of Tables:
Table 1 Global Aviation Beacons Market, By Type, 2019–2024
Table 2 Global Aviation Beacons Market, By Application, 2019–2024
Table 3 Global Aviation Beacons Market, By Region, 2019–2024
Table 4 North America: Aviation Beacons Market, By Country, 2019–2024
Table 5 North America: Aviation Beacons Market, By Type, 2019–2024
Table 6 North America: Aviation Beacons Market, By Application, 2019–2024
Table 7 US: Aviation Beacons Market, By Type, 2019–2024
Table 8 US: Aviation Beacons Market, By Application, 2019–2024
Table 9 Canada: Aviation Beacons Market, By Type, 2019–2024
Table 10 Canada: Aviation Beacons Market, By Application, 2019–2024
Continued. . .
Aviation Beacons Technology Market Research Report – Global Forecast 2024 information at:
https://www.marketresearchfuture.com/reports/aviation-beacons-technology-market-8024
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