Aircraft Lighting Market Research Report Size, Share, Growth & Forecast 2020-2027

Aircraft Lighting Market

The Aircraft Lighting Market is projected to expand at a higher CAGR during the forecast period (2020-2027).

The factors driving the growth of Aircraft Lighting Market includes growing demand for commercial aircrafts and helicopters around the world, increasing number of airports and rise in the frequency of air travel. According to the report published by Bloomberg, the Global Commercial Aircraft Market was valued at USD 128.21 billion in 2020 and is projected to reach USD 192.76 billion by the end of 2030, growing at a CAGR of 4.2% over the forecast period, which will boost the Aircraft Lighting Market share in the coming years. Moreover, the increasing Government expenditure on the military aircrafts across the globe, technological advancements in the aircrafts, rising demand for luxurious travel experience, rapid urbanization and growth in the air passenger traffic, are some of the additional factors supplementing the Aircraft Lighting Market size. As per the data available at Airports Council International (ACI), the air passenger traffic has increased by 25% in 2021 as compared to 2020, reaching to about 4.5 billion.

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However, the LED lights installed in the aircrafts requires regular checks which might restrict the growth of Aircraft Lighting Market.

The prominent players operating in the market are Safran Luminator Technology Group, Oxley Group, Collins Aerospace, Cobham Limited, Diehl Stiftung & Co. KG, Heads Up Technologies, Soderberg Manufacturing Company Inc., STG Aerospace Limited, Astronics Corporation and Honeywell International Inc. among others.

Aircraft Type: Segment Analysis

Based on Aircraft Type, the helicopter segment is predicted to expand at a significant CAGR during the forecast period attributed to rapid growth in the tourism industry and increasing use of helicopters in emergency medical services.

Light Type: Segment Analysis

Based on Light Type, the interior light segment is anticipated to capture a sizable market share over the forecast period because interior such as floor lights, reading lights and wall lights enhances the mood of customers

End User: Segment Analysis

Based on End User, the OEM segment is expected to grow at faster CAGR over the forecast period attributed to growing demand for customized lighting products, which helps in improving the customer’s experience.

Regional: Segment Analysis

Based on region, the Asia-pacific region is projected to expand at a remarkable CAGR over the forecast period. The increasing passenger air traffic, rise in the number of aircrafts in countries such as India and China, growing disposable incomes and high population growth rates, are some of the factors influencing the market growth in Asia-Pacific.

Market Segmentation

Global Aircraft Lighting Market by End User

  • OEM
  • Aftermarket

Global Aircraft Lighting Market by Aircraft Type

  • Commercial Aviation
    • Narrow Body Aircraft
    • Wide Body Aircraft
    • Very Large Aircraft
    • Regional Transport Aircraft
  • Business Jets & General Aviation
    • Business Jets
    • General Aviation
  • Military Aviation
    • Fighter Aircraft
    • Transport Aircraft
  • Helicopters
    • Commercial Helicopters
    • Military Helicopters

Global Aircraft Lighting Market by Light Type

  • Interior Lights
    • Signage Lights
    • Ceiling & Wall Lights
    • Floor Path Lighting Strip
    • Reading Lights
    • Lavatory Lights
  • Exterior Lights
    • Emergency Lights
    • Navigation Lights
      • Position Lights
      • Anti-Collision Lights
      • Landing Lights
      • Taxi & Takeoff Lights
      • Runway Turnoff Lights
    • Wings & Engine Inspection Lights
    • Cargo & Service Lights
    • Special Purpose Lights
      • Search Lights
      • Logo Lights
      • Formation Lights

Global Aircraft Lighting Market by Light Source

  • LED
  • Fluorescent

Global Aircraft Lighting Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland


Publicado en SEO en agosto 27 at 07:50
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