CHICAGO, Sept. 1, 2022 /PRNewswire/ — Military Lighting Market is projected to grow from USD 559 million in 2022 to USD 807 million by 2027, at a CAGR of 7.6% from 2022 to 2027, according to a new report by MarketsandMarkets™. Growing adoption of advanced military technology for defense platforms, is one of the major driving factor for the demand of military lighting market.
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Browse in-depth TOC on ‘Military Lighting Market‘
219 – Tables
43 – Figures
195 – Pages
By end use, the ground segment is expected to lead the market during the forecast period
The increasing number of armored vehicles increases the need for military lighting. For instance, approximately 800 Light Armored Multipurpose Vehicles (LAMVs) will be purchased by the Indian Army, according to a Request for Information published in July 2022. Indian suppliers will produce LAMVs within three years at a pace of 300 LAMVs per year after being chosen through a Request for Proposals, which is expected to be published by September 2022. The LAMVs will be employed by reconnaissance and surveillance platoons of mechanized infantry and armored corps.
By type, the LED segment has the highest share in the forecasted period
Increasing contracts to upgrade and retrofit existing lighting to drive segment. Asia Pacific is projected to lead the military lighting market for LEDs from 2022 to 2027 due to increased ground vehicle…
