LED Obstruct Market Size, Growth, Size, Share, and Industry Analysis, By Type (Low-Intensity, Medium Intensity, and High-Intensity LED Obstruct), By Application (High Buildings and Towers, Airports, Cranes & Infrastructures, Wind Turbines, and Others), Regional Insights, and Forecast To 2031

LED Obstruct Market Report Overview

• 
•  Request a Free Sample to learn more about this report

The global LED obstructs market size was USD 290.5 million in 2022 and is expected to touch USD 458.13 million by 2031, exhibiting a CAGR of 5.2% during the forecasted period. 

LED obstruct lights are specialized lights based on light-emitting diodes, used as warning lights to indicate the presence of obstructions. The LED warning lights become essential during the night and in low visibility circumstances. The obstruction lights are generally white or red and are mounted at a 360 ° angle to be visible on top of structures and natural terrain. This is done to warn pilots of obstructions in the path of their flight during nighttime. Thus, the product has various applications and will see an unprecedented boom in demand and supply during the estimated period.

One of the significant factors driving the LED obstruct lighting market growth during the period will be an increasing number of commercial and defense airports. However, high import duties will impede the development of the market in the forecast years. One of the key trends impacting the obstruct lighting market will be the improvement in safety and optimization of various functions at airports and defense zones. Additionally, using LED lights at water ports will drive the product market demand and share.

COVID-19 Impact: Low Demand and Supply Production Hampered Market Growth

The market need for LED obstructs is expected to increase during the forecast period. The global COVID-19 pandemic was unprecedented & staggering, with LED obstructs experiencing lower-than-anticipated demand across regions compared to pre-pandemic times. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels after two years.

The halt in the supply and production of obstruction lights due to lockdowns and the pandemic severely impeded the market growth and share of the product. This led to significant revenue losses for investors and leading global players, as high inflation and decreasing disposable consumer income impacted the economies of developed and developing regions. Thus, the market recorded negative sales and incurred heavy losses during the last two years.

LATEST TRENDS

"Low Energy Consumption to Save Costs and Drive Growth"

Obstruction lighting is a marking system using light-emitting diodes (LEDs) to increase the brightness of objects in darkness. This lighting is commonly used for tall buildings, towers, and other sky-scraping structures to indicate their presence and avoid collisions. Obstruction lights are preferred as they consume less energy than traditional mercury vapor lamps. However, the typical efficacies for LED lighting are two to three times higher. Thus, environmental concerns amongst consumers will drive market growth and demand for the product.

LED Obstruct Market Segmentation

• 
•  Request a Free Sample to learn more about this report

• By Type

The market is categorized based on types into low-intensity, medium-intensity, and high-intensity LED obstruct.

• By Application

The market is subcategorized based on other applications into high buildings and towers, airports, cranes & infrastructures, wind turbines, and others.

DRIVING FACTORS

"Applications in the Aircraft Sector to Propel Market Growth"

Obstruction lighting solutions are used in aircraft applications to enable pilots to communicate with ground crew and other aircraft carriers. It helps them get a better aerial view of their surroundings during low light and foggy conditions. Additionally, it allows them to navigate between terminals by displaying various lights on the runway while landing and taking off safely. The resumption of aircraft operations post the pandemic will thus drive the LED obstruct market growth.

"Wide-Ranging Applications in Telecom Sector to Boost Market Demand"

LED lighting for obstruction is utilized in telecom applications to provide effective and long-distance communication. The light emitted from the obstruction solutions is seen up to a specific range, allowing users to communicate over great distances compared to previous years. Therefore, this is a crucial part of modern telecommunication services as it provides easy access for technicians to deal with technological issues.

RESTRAINING FACTORS

"High Import Duties by Governments to Restrain Market Growth"

The high government duties imposed worldwide on obstruct lighting systems will restrain the industry's market growth. The increased inflation in the European continent due to ongoing clashes and the disruption of supply chain activities will severely impede the market demand for the product. Excess import duties are being imposed to scale up the battered economies post the pandemic, affecting investors and leading players' sales and manufacturing.

LED Obstruct Market Regional Insights

• 
•  Request a Free Sample to learn more about this report

"North America to Lead Market Share Owing to Industrial Innovations"

The North American region will lead the LED obstruct market share owing to the presence of major industrial players and the innovations being brought into the market. The major market factors that will drive the growth and share of the product are easing inflation in developed economies, rising disposable income, and affordable prices due to advanced technological developments. Thus, investors and manufacturers will benefit from mergers, collaborations, launches, and partnerships in the area.

KEY INDUSTRIAL PLAYERS

"America to Lead Industrial Production With Innovations and Mergers"

The report has analyzed various global market players in the industry, and the information has been published after analysis of trends, key technological developments and innovations. The report also includes research of companies, technical outcomes, and emerging industries' impact and risks. After a comprehensive analysis, the study considers all the points, thus generating future possibilities for the LED enterprise. Therefore, the factors specified in the report are subject to change as the dynamics of the market fluctuate.

LIST OF TOP LED OBSTRUCT COMPANIES

• Hughey & Phillips (U.S.)
• Dialight (U.K.)
• TWR Lighting (U.S.)
• International Tower Lighting (U.S.)
• Flash Technology (SPX) {Tennessee)
• Copper Industries (Eaton) {U.S.}
• Unimar (U.S.)
• Avlite (Australia)
• Excelitas Technologies (Canada)
• Hubbell Industrial (U.S.)
• ADB Airfield Solutions (U.S.)
• Point Lighting (U.S.)
• Farlight (Singapore)
• Flight Light (U.S.)

INDUSTRY DEVELOPMENT

"April 2022:" Hughey & Phillips, a U.S.-based leading LED manufacturing company, has landed an indefinite-delivery and quantity contract for the manufacturing, production, and sale of 16 lighting systems, associated accessories, data, and engineering support. The U.S. Navy's expeditionary airfield program supports the award, which will significantly boost the company's market share and growth during the forecast period.

REPORT COVERAGE 

The report has examined elements that will affect the demand & supply and estimate forces for the forecasted period. After thoroughly evaluating the industrial factors, the report provides an extensive, comprehensive SWOT analysis and the information estimates all the factors mentioned, taken into consideration after thorough analysis. The report also includes information on segmentation, market trends and the latest worldwide developments, key industry mergers, and acquisitions, and an analysis of the risks of the obstruct industry. The report has listed the worldwide leading manufacturers and the regions that will experience growth during the period.