QYR predict that the global market volume of LED obstruct lighting would reach 579 K Units by 2023

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The LED obstruction lighting is a kind of LED lights used to indicate the presence of obstructions.

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According to QYResearch, The global market volume LED obstruct lighting increased from 258.75 K Units in 2012 to by 384.39 K Units 2016. The average growth rate is about 8.47%. The market value of LED obstruct lighting reached 205.77 million USD in 2016 and it was 167.05 million USD in 2012. The CAGR of the market value is about 5.35% North America, Europe and China are the leading production regions of LED obstruct lighting. Among them, China is the largest production region in 2016 with 157.24 K Units in volume. It is about 43.89% of the world total production share. North America and Europe are the following regions with 23.65% and 19.18% of total production share in 2016.

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China is the largest consumption region of LED obstruct lighting in 2016. There are 104.49 K Units of LED obstruct lightings were consumed in China in 2016. China took about 29.17% of the global total consumption share. North America and Europe are the following regions with 25.87% and 17.98% of total consumption share in 2016.

The applications of LED obstruct lighting include bridges and buildings, renewable energy, telecommunications, industrial and others. And telecommunications took the largest consumption share in 2016 with about 33.73%. Bridges and buildings is also important application of LED obstruct lighting with 30.34% of total market share in 2016.

QYR predict that the global market volume of LED obstruct lighting would reach 579 K Units by 2023. The CAGR is about 6.03%. And the global market value of LED obstruct lighting would reach 311.85 million USD. The CAGR is about 6.12%.

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