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Aircraft Lighting Market Trends Reports, Share Analysis 2024-2033
Aircraft Lighting Market
According to The Business Research Company's, 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 growth in the historic period can be attributed to enhanced aesthetics and customization, weight reduction initiatives, integration of emergency lighting, cockpit lighting innovations, focus on passenger comfort..
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%. The growth in the forecast period can be attributed to rise in aircraft fleet expansion, adoption of oled and advanced lighting materials, innovations in mood lighting, integration of smart lighting controls, regulatory compliance and safety standards.. Major trends in the forecast period include led technology adoption, customization and cabin ambiance, regulatory requirements, weight reduction initiatives, technological advancements..
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Market Drivers and Trends:
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 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.
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Major Key Players of the Market:
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
Aircraft Lighting Market 2024 Key Insights:
• The aircraft lighting market will grow to $2.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• The Surge In Aircraft Lighting Market Fueled By The Rising Adoption Of Advanced Led Technology
• Product Innovation In The Aircraft Lighting Market
• North America was the largest region in the aircraft lighting market in 2023
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