Aircraft Exterior Lighting Market Forecasted to Reach US$ 1 Billion by 2033 | Future Market Insights, Inc.

The aircraft exterior lighting market net worth is anticipated to surge from US$ 535 million in 2023 to surpass US$ 1.0 billion by 2033. Key drivers of this growth include a substantial increase in global aircraft orders and a significant shift from traditional incandescent lighting to modern LED technology. As a result, the aircraft exterior lighting market is projected to achieve a Compound Annual Growth Rate (CAGR) of 6.3% during the period spanning from 2023 to 2033.

In recent years, manufacturers have been able to install LEDs in aircraft, which provide superior illumination and have contributed to the international expansion of aircraft lighting. Historically, aircraft were equipped with incandescent lights, but LEDs have enabled manufacturers to install LEDs, which provide superior illumination.

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Lightweight products, smart lighting systems, LED lighting systems, miniaturization of components, and energy-efficient lighting systems are becoming part of aircraft lighting systems as technology advances. Airlines operators are investing in advanced lighting systems with long-term benefits to meet aircraft demand.

The aviation lighting market is expected to grow due to the switch from incandescent to LED lighting. It is expected that the surge in demand for lightweight aircraft components will soon provide profitable opportunities for expanding the global market for aircraft lighting systems. Furthermore, LEDs for exterior lighting will provide a wide range of opportunities for the aircraft lighting systems market.

Key Takeaways from the Aircraft Exterior Lighting Market Study

The automatic tire inflation system is expected to increase at a notable CAGR of 6.3%
The landing lights segment is projected to grow at a CAGR of 5%.
The original equipment manufacturer (OEM) segment for aircraft exterior lighting is anticipated to grow at a CAGR of 5.7% in terms of value over the forecast period and to be valued at US$ 352.2 Mn by 2027 end.
North America is a prominent market for automatic tire inflation systems and is estimated to grow at a steady CAGR of 2.9% in the forecasted period.
The U.S. is projected to account for approximately 90%of the North American aircraft exterior lighting market.
The demand for aircraft exterior lighting in China is projected to create an absolute dollar opportunity of US$ 13.8 Mn.

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Competitive Landscape for the Aircraft Exterior Lighting Market

Manufacturers of aircraft exterior lighting implement a variety of strategies to meet the needs of domestic and international customers as part of their competitive strategy. In order to satisfy the needs of domestic and international customers, companies such as Rockwell Collins maintain a steady emphasis on R&D. To gain an advantage over their competition, key players continue to develop products through partnerships and innovation.

Some major companies in the aircraft exterior lighting market include United Technologies Corp., Rockwell Collins, Honeywell International Inc., Zodiac Aerospace S.A., Diehl Aerospace GmbH, Aveo Engineering Group, S.R.O., Whelen Engineering Co., Inc., Astronics Corporation, Cobham plc., Amglo Kemlite Laboratories Inc., Oxley Group, Heads Up Technologies, Inc., Soderberg Manufacturing Company Inc., Devore Aviation Corporation of America and others.

Recent Developments in the Aircraft Exterior Lighting Market

For the SunSpotä 36 and 46 Series LED Landing and Taxi lights, AeroLEDs, LLC announced FAA-STC clearance in 2022 for various Sikorsky aircraft models. Sterling Helicopter is the only company that offers this STC, allowing rotorcraft covered by it to upgrade to LED technology immediately.
As announced in December 2021, STG plans to launch a platform-neutral Universal Lighting product family, segmenting lighting systems effectively. Each segment has its own dynamic lighting profile and scenario, allowing operators to select the intensity and color transition for each segment.
As part of a significant aircraft order announced in June 2021, United Airlines will acquire 270 narrow-body aircraft, its largest-ever purchase. The aircraft will feature upgraded cabins and LED lighting to increase passenger comfort.

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Aircraft Exterior Lighting Market Segmentation by Category

By Product Type:

Landing lights

Position lights

Anti-collision lights

Other Exterior Lights

By Aircraft Type:

Narrow Body

Wide Body

Large Body

Single Aisle

Regional Jets

Helicopters

Air Cargo

Business Jets

By Sales Channel:

Original Equipment Manufacturer (OEM)

Aftermarket

By Region:

North America
Latin America
Europe
The Middle East and Africa
East Asia

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.