Press release
Aircraft Lighting Market Analysis, Growth By Top Companies, Trends By Types And Forecast To 2023-2031
According to the report published by Allied Market Research, the global aircraft lighting market generated $1.4 billion in 2019 and is estimated to reach $2.0 billion by 2027, registering a CAGR of 4.7% from 2019 to 2027. The report offers an extensive analysis of the changing market dynamics, major segments, market player positioning, industry roadmap, pricing analysis, and competitive scenario.Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/6638
An increase in aircraft demand and a shift from incandescent lights to LED lights drive the growth of the global aircraft lighting market. However, the high cost of LED and delayed delivery of aircraft hinder market growth. On the other hand, the surge in demand for lightweight aircraft components creates new opportunities in the coming years.
Covid-19 Scenario on Aircraft Lighting Market:
The aviation industry is one of the worst-hit sectors during the lockdown. On the other hand, the precautionary measures and government restrictions on travel and tourism have badly impacted the industry with less revenue generation.
However, various countries have started entering the recovery phase including China, India, and others. Furthermore, the governments in these regions are expected to lift certain restrictions, offering an opportunity for the aviation industry to get back to their profit margin.
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Based on interior lights, the wash lights segment contributed to the largest share in 2019, accounting for around one-fifth of the total share, and is estimated to maintain its dominant position during the forecast period. Moreover, the reading lights segment is estimated to portray the highest CAGR of 5.0% from 2019 to 2027.
Leading market players analyzed in the aircraft lighting market research include Aeroleds, Astronics Corporation, Beadlight Limited, Bruce Aerospace, Cobham PLC, Heads Up Technologies, Honeywell International Inc., Madelec Aero, Safran, and Whelen Aerospace.
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https://www.alliedmarketresearch.com/aircraft-lighting-market-A06273
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About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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