Know More about Aircraft Lighting Market 2020 | Honeywell International Inc., Diehl Stiftung & Co. KG, Rockwell Collins

Global Aircraft Lighting Market to reach USD 7.56 billion by 2028

The Aircraft Lighting Market is projected to reach USD 7.56 billion by 2028, at a CAGR of 5.8% between 2018 and 2028. According to Quince Market Insights, the increasing demand for commercial aircraft is one of the factors driving the market. The report provides a detailed analysis of emerging market trends, market size, forecasting, detailed overview of major companies operating in the market, impact factors influencing the market, etc. The report also identifies key factors that influence the growth of the aircraft lighting market.
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High Demand from Commercial Aircraft
With an increase in disposable income and worldwide tourism, commercial aircraft are being manufactured to meet the growing travel demand, thus, fueling the need for commercial aircraft. New aircraft need interior as well as exterior lighting, which is driving the aircraft lighting market.
Interior lights include reading lights, ceiling lights, and floor path lights, among others, and are used to assist passengers in various activities inside an aircraft. Exterior lights are used to provide functional assistance in the safety and operation of an aircraft. These include landing lights, position lights, runway turnoff lights, etc. Moreover, due to globalization, many countries are carrying out a trade using air transport, which is creating the need for commercial cargo fleets and is likely to propel the demand for commercial aircraft lighting during the forecast period.

Market Overview:

The aircraft lighting market is one of the established markets in the aviation industry. Based on lighting type, the aircraft lighting market has been segmented into interior and exterior, where the interior segment is expected to grow at a higher rate as compared to the exterior segment. Based on aircraft type, the aircraft lighting market has been segmented into commercial aviation, military aviation, and business aviation. The demand for aircraft lighting is high in commercial aviation. Some of the major factors influencing the growth of the market include increasing demand from commercial aircraft to enhance the passenger experience, the rapid growth of the tourism industry, globalization leading to the use of air-cargo to transport goods in less time, and rising demand for military application.

Key Factors Impacting Market Growth:

o High demand from commercial aircraft to enhance passenger experience
o Growth of tourism industry
o Globalization leading to the use of air-cargo to transport goods in less time
o Rising demand for military application

Key Developments:

o In November 2016, Rockwell Collins acquired B/E Aerospace. This acquisition will help Rockwell Collins to expand the range of product offerings to major commercial and business aircraft and strengthen its customer base internationally
o In November 2018, United Technologies (UTC) acquired Rockwell Collins. This was one of the largest acquisitions in the history of the aerospace manufacturing industry. Through this acquisition, Rockwell Collins will become Collins Aerospace in a combined re-structuring with United Technologies

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North America to witness the highest demand for aircraft lighting during the forecast period
North America is expected to lead the aircraft lighting market during the forecast period. Two of the large aircraft manufacturers, Boeing (US) and Bombardier (Canada) are present in this region. Hence, the demand for aircraft lighting is expected to rise during the forecast period. Moreover, the US military expenditure is the highest in the world and the demand for aircraft lighting is high from the military aviation aircraft type segment.

Major companies manufacturing aircraft lighting such as Honeywell International Inc., Diehl Stiftung & Co. KG, Astronics, Zodiac Aerospace, Rockwell Collins, United Technologies Corporation, STG Aerospace Ltd., B/E Aerospace Inc., and Oxley Holdings Ltd... and others have been profiled in the study to provide a competitive view about the market.

High Demand from Commercial Aircraft
With an increase in disposable income and worldwide tourism, commercial aircraft are being manufactured to meet the growing travel demand, thus, fueling the need for commercial aircraft. New aircraft need interior as well as exterior lighting, which is driving the aircraft lighting market.
Interior lights include reading lights, ceiling lights, and floor path lights, among others, and are used to assist passengers in various activities inside an aircraft. Exterior lights are used to provide functional assistance in the safety and operation of an aircraft. These include landing lights, position lights, runway turnoff lights, etc. Moreover, due to globalization, many countries are carrying out a trade using air transport, which is creating the need for commercial cargo fleets and is likely to propel the demand for commercial aircraft lighting during the forecast period.

What This Study Provides:
o Global market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
o Regional market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
o National market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
o Extensive details and analysis of contracts, projects, and program
o Market dynamics scenario, along with growth opportunities of the market in the years to come
o Analysis of game-changing technological trends and how these will shape the industry
o Explanation or political, regulatory and technical factors to consider
o Barriers to entry analysis for markets around the world
o Profiles of leading companies operating within the sector with market share analysis
o SWOT analysis of the market, together with the opportunities available and the key threats faced
o Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
o Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
o Market conclusions & recommendations

Market Segmentation:

By Lighting Type:
o Interior
o Ceiling & Wall Lights
o Signage Lights
o Reading Lights
o Lavatory Lights
o Floor Path Lights
o Others

o Exterior
o Landing Lights
o Position Lights
o Cargo & Service Lights
o Runway Turn Off Lights
o Logo Lights
o Wings & Engine Inspection Lights
o Emergency Lights
o Takeoff Lights
o Anti-Collision Lights
o Others

By Aircraft Type:

o Commercial Aviation
o Narrow Body Aircraft
o Wide Body Aircraft
o Very Large Aircraft
o Business Jets
o Regional Transport Aircraft
o Others

o Military Aviation
o Military Helicopters
o Fighter Jets
o Others

o Business Aviation
o Business Jets
o Ultra-Light Aircraft
o Others

By Platform:

o Fixed Wing
o Rotary Wing

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Lighting Type
o By Aircraft Type
o By Platform

o Western Europe
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Lighting Type
o By Aircraft Type
o By Platform

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Lighting Type
o By Aircraft Type
o By Platform

o Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Lighting Type
o By Aircraft Type
o By Platform

o Middle East
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Lighting Type
o By Aircraft Type
o By Platform

o Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By Lighting Type
o By Aircraft Type
o By Platform

Reasons to Buy This Report:

o Market size estimation of the aircraft lighting market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.