The Future of Aircraft Lighting Market in the forecast period (2018-2023) as predicted by Stratview Research

The report on Aircraft Lighting to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2018 – 2023

Click here to get a Free Sample of the report (additional insights inside): https://www.stratviewresearch.com/Request-Sample/315/Aircraft-Lighting-Market.html

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.

Get a description of the report here: https://www.stratviewresearch.com/315/Aircraft-Lighting-Market.html

Aircraft Type Segment
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.

Light Type Segment
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.

Technology Type Segment
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.

Region Wise Segment
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.

Check the Table of Contents to browse through the report better: https://www.stratviewresearch.com/toc/315/Aircraft-Lighting-Market.html

Highlights of the Report:
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.

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.

Features of the Report
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.
Based on the research, a proper report is crafted with the following key features:
• 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
• Strategic growth opportunities for the existing and new players
• Key success factors

Know more about us and our reports:
Stratview Research is known to offer its insightful reports and custom researches in some of important industry sectors such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Whether it is collection of data or analysis of the trends, the expert team makes sure to put in its best efforts to come up with the best results for the interested clients.

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This release was published on openPR.