Latest market study on “Aircraft Lighting Market to 2025 by System Types (Cockpit Console Lights, Cabin Lights, Cargo Lights, and Seat Proximity Lights); Technology (Traditional Lights, LED Lights, OLED Lights, and Others); and Light Types (Interior Lights and Exterior Lights); Fit Types (Line Fit and Retro Fit); Aircraft Types (Fixed Wing Aircrafts and Rotary Wing Aircrafts); End User (Commercial and Military) –Global Analysis and Forecast”, the Aircraft Lighting market is estimated to reach US$ 3.03 Bn by 2025 from US$ 2.21 Bn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
With an improvement in the standard of living, continuous enhancement and development in the aviation fleet, and balanced national air transportation system throughout the globe supports the render significant growth opportunities for the manufactures of aviation and would lead also help to maintain and retain the leading position in the global air transportation market. Such an increase in the production of aircrafts is anticipated to fuel the aircraft lighting.
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Aircraft lighting market operates in a highly fragmented industry with large number of local players capturing market place. Key players in the market are collaborating with other providers of aircraft lighting to gain high market share. Some of the key players operating in the Aircraft Lighting market includes Honeywell International Inc., Cobham PLC Zodiac Aerospace, STG Aerospace Ltd., Rockwell Collins, Diehl Stiftung & Co. KG, Astronics Corporation, Oxley group, United Technologies Corporation, and Bruce Aerospace among others.
The report segments the global aircraft lighting market as follows:
Global Aircraft Lighting Market – By Systems Type
Cockpit Console Lights
Cabin Lights
Cargo Lights
Seat Proximity Lights
Others
Global Aircraft Lighting Market – By Technology
Traditional Lights
LED Lights
OLED Lights
Others
Global Aircraft Lighting Market – By Light Type
Interior
Exterior
Global Aircraft Lighting Market – By Fit Type
Line Fit
Retro Fit
Global Aircraft Lighting Market – By Aircraft Type
Fixed Wing Aircraft
Rotary Wing Aircraft
Global Aircraft Lighting Market – By End User
Commercial Aircraft
Military Aircraft
Global Aircraft Lighting Market – By Geography
North America: U.S., Canada and Mexico
Europe: France, Germany, Russia, UK and Rest of Europe
Asia Pacific (APAC): China, India, Japan and Rest of Asia Pacific
Middle East and Africa: South Africa, Saudi Arabia, UAE and Rest of Middle East and Africa
South America: Brazil and Rest of South America
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The aircraft manufacturing and aftermarket industry is experiencing a substantial demand for various technologically advanced components. The inclination curve of air passenger travel is constantly climbing across geographies pressuring the aircraft manufacturers to deliver increased number of aircrafts. On a global scenario, commercial air passenger is anticipated to maintain a continuous growth over the years, regardless of various challenges faced by the commercial airlines such as aviation fuel price, and other monetary changes in respective countries. However, these challenges are succeeded by the surge in number of passengers across the globe. The low cost carriers (LCC) in the developed economies as well as developing economies are revolutionizing the aviation market by offering low fare business models which is facilitating the air travel among upper middle class and middle class society in developing nations. The Americas and Europe is expected to grow at a fair pace during 2016 to 2035. Owing to the significant growth of commercial air traffic, the airliners are ordering more technologically advanced aircrafts, and thus, the market for aircraft lighting is growing through the OEMs, and the same is expected to drive the market in the coming years. In addition, the airliners across the globe is also witnessing a significant growth in demand for mood lights, and advanced aircraft cabin lights, thereby pressurizing the airliners to integrate their aircrafts with such technologies. Pertaining to this fact, several airliners are retrofitting their aircrafts with advanced lighting solutions in order to enhance the customer experience. This factor is also catalyzing the demand for aircraft lighting through aftermarket sector.
The global aircraft lighting market has been segmented on basis of system type, technology, light type, fit type, aircraft type, and end user. The different system types included in aircraft lighting market are cockpit console lights, cabin lights, cargo lights, and others. Technologies that are catalyzing the market growth accounted for traditional lights, LEDs, OLEDs, and others. Exterior lights and interior lights constitute the light type segment of aircraft lighting market. The line fit and retro fit are the different fit types included in the report on aircraft lighting market. Aircraft type segment comprises of fixed wing aircrafts and retro wing aircrafts. End user segment consists of commercial airlines and military forces. Geographically, the market for aircraft lighting has been segmented on basis of five strategic regions namely; North America, Europe, Asia Pacific, Middle East and Africa, and South America. The most prominent region in the current market scenario stands for Asia Pacific owing to the rapid procurement of aircrafts by the commercial airlines and defense forces. The market for aircraft lighting is foreseen to witness an expeditionary growth in Asia Pacific region, pertaining to the huge demand for modification or retrofitting of advanced lighting solutions. Asia Pacific is followed by Middle East and Africa region, with the second largest market share in the global aircraft lighting market. The airlines in these regions constantly focuses on enhancing customer experience, thereby, retrofitting the aircrafts with advanced lighting systems is one of the major trends prevailing in the region.
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