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Aircraft Lighting Market Size, Latest Trends, Growth Status, Top Major Players And Forecast To 2033
Aircraft Lighting Market
As per the report, the aircraft lighting market size has grown strongly in recent years. It will grow from $1.54 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The aircraft lighting market size is expected to see strong growth in the next few years. It will grow to $2.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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The Surge In Aircraft Lighting Market Fueled By The Rising Adoption Of Advanced Led Technology
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. LED strobe lights increase visibility in inclement weather and at night, ensuring safety. For instance, according to a report by the International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, global LED lighting sales increased from 42% in 2019 to 48% in 2021, and it is expected to reach 99% in 2030. Therefore, the rising usage of advanced LED lighting is driving the growth of the aircraft lighting market.
Product Innovation In The Aircraft Lighting Market
Product innovation is a key trend gaining popularity in the aircraft lighting market. Major companies operating in the aircraft lighting market are focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2022, Collins Aerospace, a US-based company specializing in advanced and intelligent solutions for the global aerospace and defense industry, launched Hypergamut Lighting System. The full-cabin lighting system is synchronized with real-time flight data intelligently to enable predictive and independent functionality, color-optimized to improve the appearance of materials, food, and fixtures throughout the cabin, and attuned to human biology to lessen passenger jetlag.
The aircraft lighting market covered in this report is segmented -
1) By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Helicopter, Military Aircraft, Regional Aircraft, Business Jets
2) By Technology Type: Light-Emitting Diode (LED), Fluorescent, Other Technologies
3) By Installation Type: Line-Fit, Retrofit
4) By End-Users: Original Equipment Manufacturer (OEM), Aftermarket, Maintenance, Repair And Operations (MRO)
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Major companies operating in the aircraft lighting market report are Astronics Corporation, Bruce Aerospace Inc., Cobham Limited, Diehl Stiftung & Co. KG, Honeywell International Inc., Luminator Technology Group, Collins Aerospace, STG Aerospace Limited, Safran SA, Embraer SA, Oxley Group, Heads Up Technologies Inc., Soderberg Manufacturing Company Inc., Whelen Aerospace Technologies, Precise Flight Inc., In-Flight Entertainment, Eaton Corporation, Airbus SE, The Boeing Company, GE Aviation, B/E Aerospace, United Technologies Corporation, Aveo Engineering Group s.r.o, AeroLEDs LLC, Oxley Developments Company Ltd., Flight Light Inc., Aero Dynamix Inc., Oxley Inc., Rockwell Collins Aerospace, Satair AS .
Contents of the report:
1. Executive Summary
2. Aircraft Lighting Market Report Structure
3. Aircraft Lighting Market Trends And Strategies
4. Aircraft Lighting Market - Macro Economic Scenario
5. Aircraft Lighting Market Size And Growth
…..
27. Aircraft Lighting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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