Pune, 6, Dec, 2022: As per Maximize Market research, a global business research and consultancy firm, the total global market for Aircraft Lighting Market was USD 1.2 Bn. in 2021 and is expected to grow at CAGR of 9.2% over the forecast period to reach USD 2.43 Bn by 2029
Aircraft Lighting Market Scope and Research Methodology
Aircraft lighting systems that are used for ensuring the proper operational safety of the aircraft, allows observer to determine the position and direction of aircraft and also enhance comfort level for passengers in the aircraft. This report includes information about both exterior and interior lighting used on an aircraft. Interior lighting includes various types of cabin lighting, such as the wall, ceiling, floor lighting, reading lights, and lavatory lights, while External lights include taxi lights, landing lights, anti-collision lights, and position lights.
The bottom-up approach was employed to validate the market size in terms of value and volume by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was collected from a list of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
SWOT analysis was conducted to provide the strengths and weaknesses of Aircraft lighting systems Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Aircraft lighting systems Market. Thus the report provides a detailed overview of the Aircraft lighting systems.
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Aircraft Lighting Market Overview.
The COVID-19 pandemic has drastically affected the aviation sector during lockdown. Now increased in air traffic had contributed a lot to growth of the aircraft lighting market. Customized lighting systems provided by different industry players to meet the specific demand of clients have developed as a strategic endeavour and is expected to contribute to the growth of the aircraft lighting system sector. The increased purchasing of private jets by corporate tycoons and supper class individuals throughout the world provides growth in the aviation lighting industry. Due to personalization in interior section of private airplanes will also help to grow the market. The urban air transportation systems are expected to see substantial demand in the near future, with most ecosystem participants participating in various stages of the platform’s value chain.
Aircraft Lighting Market Dynamics
The use of advance LED lighting has grown all around the globe. The drastic increase use of advanced LED lightings over regular lightings is expected to accelerate the development of energy efficient LED light in aircraft for external and internal use. The new innovative technology gives energy efficiency, brightness and long term durability to an aircraft.
The market was badly hit by COVID-19 during lockdown, but now it is rebounding with a rapid rate. And increasing air traffic will also increase operational activities such as aircraft purchase,
Leasing, maintenance, repair, and overhaul. The lighting system is checked during the check-up of aircraft, which occurs generally after 200-500 flying hours.
And corporate aircraft is expected to drive market in coming years.
As aircraft manufacturers need to strictly follow weight-control regulations. Weight is an important factor while designing aircraft and their components because heavyweight aircraft required more fuel and have higher maintenance costs than lightweight aircraft. As a result, the market’s top players are always focused on producing small-size components that are both strong and light weight.
Aircraft Lighting Market Regional Insights
North America region dominated the global aircraft lighting market in 2021, with a market size of USD 209.2 million. As United States has of the largest aircraft fleet and aircraft lighting producers. Additionally this region operator focused on high level of comfort with safe flying to the passengers. In 2021, Europe had the second-largest market share of the aviation lighting market. And greater growth rates is expected during forecast period.
The Asia Pacific market is one of the most significant rising regions in the aviation industry. As, India has the world’s third largest commercial aviation industry, and rising aerospace infrastructure and defence expenditure are two important elements that are expected to generate high growth opportunities in the forecast years.
Aircraft Lighting Market Segmentation
By Aircraft Type
- Fixed wing
- Commercial Aviation
- Military Aviation
- Regional Jet
- Business Jets & General Aviation
- Rotary wing
- Commercial Helicopter
- Military Helicopter
By Lighting Type
- Interior Lights
- Signage Lights
- Ceiling & Wall Lights
- Floor Path Lighting
- Reading Lights
- Lavatory Light
- Exterior Lights
- Emergency Lights
- Navigation Lights
By Light Source
Aircraft Lighting Market Key Manufacturers include:
- Cobham PLC
- Diehl Stiftung & CO. kg
- Zodiac Aerospace
- Luminator Aerospace
- STG Aerospace Limited
- Honeywell International Inc.
- B/E Aerospace, Inc.
- United Technologies Corporation
- UTC aerospace Systems
- Bruce Aerospace
- Aveo Engineering
- Heads Up Technologies
- Olexy Group
- Luminator Technology Group
- Soderberg Manufacturing Company
- Collins Aerospace
- Precise Flight, Inc.
- Whelen Aerospace Technologies
- Hoffman Engineering
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Key questions answered in the Aircraft lighting Market are:
- What is Aircraft lighting?
- What is the growth rate of Aircraft lighting Market for the forecast period?
- What is the nature of competition in Aircraft lighting industry in developed and developing economies?
- Who are the key players in the Aircraft lighting Market?
- Who are the market leaders in Aircraft lighting in Europe
- Who are the market leaders in Aircraft lighting in USA and Canada
- Who are the market leaders in Aircraft lighting in India, China, Japan and South Korea?
- What are the factors affecting growth in the Aircraft lighting Market?
- Who held the largest market share in Aircraft lighting Market?
- What are the factors for the growth of Asia-Pacific region in Aircraft lighting market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Aircraft type lighting type, end user type, and light source.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading Aerospace & defence research firm, has also published the following reports:
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Aircraft Towbars Market: Market was valued at US$ 4.3 Bn. in 2021. The Global Aircraft Towbars Market size is estimated to grow at a CAGR of 4.18 % over the forecast period. Factor such as reduction in travel time growth in tourism industry, growth in international travel are acting as a drivers for tow-bar market forward
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