– By the Lighting India content team
Representing the developed world, the United States will maintain a 5.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over USD 10.8 million to the region’s size and clout in the next 5 to 6 years. Over USD 9.2 million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Runway Lighting Systems will reach a market size of USD 19 million by the close of the analysis period.Runway Lighting Systems, one of the segments analysed and sized in this study, displays the potential to grow at over 7.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over USD 398.5 million by the year 2025, Runway Lighting Systems will bring in healthy gains adding significant momentum to global growth.
As the world’s second-largest economy and the new game-changer in global markets, China exhibits the potential to grow at 10% over the next couple of years and add approximately USD 85.5 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
