The Obstruction Lighting Manufacturing industry functions in a recess market. The market size is evaluated by the number of tall structures such as power plants, towers, wind turbines and bridges that must be evident to aircraft to meet both international and domestic air travel regulations. In addition, the industry manufactures beacons and light systems that are employed in maritime travel to prevent collisions.
Advanced developments in LEDs technology support the industry with new perspectives and also extend the life-span of obstruction lights. Currently, the old obstruction lights are being replaced with energy-efficient, new contemporary LED lights.
According to the IBISWorld forecasts, the industry revenue will grow at an average yearly rate of 6.8% to $221.0 M, in the five years to 2012. An increased volume of industry revenue facilitated through exports has been predicted to increase with 20.9% annually to $70.1M with five years to 2012. The firms are subsequently being faced by import challenges from UK, Europe, Germany and several other countries in Asia. The imports will amount to 52.1% of domestic demand in 2012. The wind-turbine installations support industrial growth of 11.7% over 2012.
According to IBISWorld industry analyst Kathleen Ripley, the constant demand for clean energy incentives and alternative fuels will increase the wind turbines demand in the five years to 2017, in the United States and abroad. This factor will contribute to new market openings for industry firms, thereby increasing its development. Several industry operators will utilize the openings to have new ventures for their market share with increased revenue growth.