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Aircraft Lighting Market Report 2023 - Future Challenges, Growth Opportunities, Upcoming Trends, Industry Demand And Forecast To 2032
Aircraft Lighting Market
Aircraft Lighting Market Size, Growth Rate, And Forecast
The global aircraft lighting market size is expected to grow from $1.43 billion in 2022 to $1.54 billion in 2023 at a compound annual growth rate (CAGR) of 7.47%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft lighting market size is expected to reach $1.99 billion in 2027 at a CAGR of 6.62%.
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Aircraft Lighting Market Drivers
The rising usage of advanced LED lighting is expected to propel the growth of the aircraft lighting market going forward. LED (light-emitting diode) refers to a semiconductor device emitting infrared or visible light when an electric current passes through it. The aircraft uses LED lighting for collision avoidance measures to make tall structures more visible to passing aircraft.
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Aircraft Lighting Market Segments
• By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Helicopter, Military Aircraft, Regional Aircraft, Business Jets
• By Technology Type: Light-Emitting Diode (LED), Fluorescent, Other Technologies
• By Installation Type: Line-Fit, Retrofit
• By End-Users: Original Equipment Manufacturer (OEM), Aftermarket, Maintenance, Repair And Operations (MRO)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Aircraft Lighting market.
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Aircraft Lighting Market Key Players
Major competitors in the Aircraft Lighting market include Astronics Corporation, Bruce Aerospace, Cobham Limited, Diehl Stiftung & Co. KG, Honeywell International Inc.
The Business Research Company's "Global Aircraft Lighting Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Aircraft Lighting Market Include:
1. Executive Summary
2. Aircraft Lighting Market Characteristics
3. Aircraft Lighting Market Trends And Strategies
4. Aircraft Lighting Market - Macro Economic Scenario
5. Aircraft Lighting Market Size And Growth
..................
26. Africa Aircraft Lighting Market
27. Aircraft Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Lighting Market
29. Aircraft Lighting Market Future Outlook and Potential Analysis
30. Appendix
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