Aircraft Lighting Market to Grow at 5.4% over during 2018-2023

Aircraft Lighting Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft), by Light Type (Interior Lights {Signage Light, Ceiling & Wall Lights, Reading Lights, Cockpit Lights, and Other Interior Lights} and Exterior Lights {Position Lights, Wings & Engine Lights, Anti-Collision Lights, Landing Lights, and Other Exterior Lights}), by Technology Type (LED, Halogen, and Others), by Fit Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
This report, from Stratview Research, studies the lighting market for the aircraft industry over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.
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The Global Aircraft Lighting Market: Highlights

The global aircraft lighting market is projected to grow at a CAGR of 5.4% during the forecast period of 2018 to 2023. Healthy future growth rate offers a plethora of opportunities to the entire ecosystem of the market. Increasing production rates of key commercial and regional aircraft, such as B737, B787, A320, A350XWB, and C Series; upcoming commercial and regional aircraft, such as Comac C919 and Mitsubishi MRJ; requirement of lighting products with longer life, reduced power consumption and lower maintenance; and increasing global aircraft fleet size are the major factors that are bolstering the demand for lighting products in the aircraft industry.

Lighting in an aircraft performs illumination to both interior as well as exterior sections of an aircraft. There has been a continuous development of lighting products targeting the key areas that include the consumption of low power, longer life, and higher output. These advancements must be met at a lower cycle time along with cost-effective solutions. Other important factors for the consideration for lighting manufacturers are the reduction in maintenance cost and excellence in performance. Airlines have been demanding the finest lighting products which have an efficient operation and reduced maintenance.
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The aircraft lighting market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft. The narrow-body aircraft is expected to remain the largest segment of the market during the forecast period of 2018 to 2023. Increasing production rates of key narrow-body aircraft to support the rising passenger and cargo traffic, rising global aircraft fleet, increasing the lighting content per aircraft, and an advancement in the lighting technology are the major growth drivers of the segment’s lighting market. Wide-body aircraft is likely to witness the highest growth during the same period, driven by an increasing demand for wide-body aircraft, such B787, and A350XWB, especially in the developing economies, such as China and India. There is also a healthy demand for wide-body aircraft in the Middle East region.

The aircraft lighting market is also segmented based on the light type as Interior and Exterior lighting. Interior lighting includes reading lights, ceiling & wall lights, signage lights, cockpit lights, floor path lighting strips, lavatory lights, and other interior lights, whereas exterior lighting includes position lights, wing and engine lights, anti-collision lights, landing lights, emergency & utility lights, cargo & service lights, and other exterior lights. Both light types (interior and exterior) are likely to witness healthy growth rates in the market over the next five years.
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The aircraft lighting market is further segmented based on the technology type as LED, Halogen, and Others. The LED light type segment is the most attractive technology type for aircraft lighting majorly due to longer life of about 10,000 to 20,000 hours as compared to traditional halogen lights which usually have a lifespan in the range of 500 to 3000 hours. Further LED light also consume lower power which can contribute towards higher fuel efficiency and translate cost savings, along with making more power available for passengers’ comfort such as in-flight connectivity and entertainment.

Based on the regions, North America is projected to remain the largest aircraft lighting market during the forecast period. This region has been the pioneer in the aerospace & defense industry and is the manufacturing capital with the presence of small- to large-sized OEMs in each aircraft category. Most of the players have manufacturing and assembly plants in North America. Additionally, various major lighting manufacturers for the aerospace industry are in the region to support OEMs for the development of advanced products meeting airline requirements.

Asia-Pacific is expected to witness the highest growth during the same period. The highest commercial aircraft fleet size; the gradual shift of manufacturing/assembly plants of OEMs; and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fuelled by increasing passenger traffic will continue to drive the Asia-Pacific’s market in the coming years.

Some of the major companies in the aircraft lighting market are Astronics Corporation, Bruce Aerospace, Cobham plc, Diehl Stiftung & Co. KG, Honeywell Aerospace, Rockwell Collins, UTC Aerospace Systems and Zodiac Aerospace. Development of advanced lighting products which consume lower power, last longer, and can withstand harsh environment; and collaboration with OEMs and airlines are some of the key strategies adopted by companies to gain a competitive edge over other competitors.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We usually conduct more than 10 detailed primary interviews with the market players across the value chain in the all four regions and industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends in the aircraft lighting market
Strategic growth opportunities for the existing and new players
Key success factors
The aircraft lighting market is segmented into the following categories.

Global Aircraft Lighting Market, by Aircraft Type:

Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Very Large Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Global Aircraft Lighting Market, by Light Type:

Interior Lights
(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
(Light Type Analysis: Signage Lights, Ceiling & Wall Lights, Reading Lights, Cockpit Lights, and Others)
Exterior Lights
(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
(Light Type Analysis: Position Lights, Wings & Engine Lights, Anti-Collision Lights, Landing Lights, and Others)
Global Aircraft Lighting Market, by Technology Type:

LED Light (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Halogen Light (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Other Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Global Aircraft Lighting Market, by Fit Type:

OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Global Aircraft Lighting Market, by Region:
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, Russia, The UK, Spain, and Rest of Europe)
Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
Rest of the world (Country Analysis: Latin America, the Middle East, and Others)

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Category : Aerospace & Defense
https://www.stratviewresearch.com/315/Aircraft-Lighting-Market.html

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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