The global navigation lighting market is predicted to generate a revenue of $41,706.1 thousand by 2027, increasing from $35,781.8 thousand in 2019.
Navigation lights consist of red light, green light and white light embedded on the aircraft or ship that help the operator to determine the size and orientation of the vessels for accurate navigation. Moreover, these lights are used in dockyards and airports to determine the length of the runway for the operator to prevent any major accidents in these places. All the dockyards and airports use navigation lights to navigate boats and aircrafts to avoid any mishaps during landing and parking.
The coronavirus outbreak has impacted the navigation lighting market drastically. As various government bodies announced lockdowns to curb the spread of the virus, most of the places were closed and…
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