Aircraft Exterior Lighting Market is Forecasted to Reach US$ 0.14 billion in 2028, Says Stratview Research

The global aircraft exterior lighting market is projected to witness a growth rate of 10.7% annually from 2023 to 2028, with an anticipated size of US$ 0.14 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft exterior lighting market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3125/aircraft-exterior-lighting-market.html#form

Report Highlights:
Market Size in 2028: US$ 0.14 billion
Growth (CAGR): 10.7% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Exterior Lighting Market:
The global aircraft exterior lighting market is segmented based on aircraft type, lighting type, end-user type, and region.

Based on aircraft type - The aircraft exterior lighting market is segmented into narrow-body aircraft, wide-body aircraft, helicopter, military aircraft, regional aircraft, and business jets. Narrow-body aircraft is expected to be the most dominating aircraft type in the market during the forecast period. B737 Max and A320neo family are likely to remain the major narrow-body aircraft programs in the coming years. The introduction of single-aisle long-range aircraft may give some additional impetus to the demand in the years to come. Also, the market entry of C919 and MC-21 in the coming years will create new revenue pockets for the market stakeholders.

Similar to narrow-body aircraft, wide-body aircraft are also likely to create huge opportunities in the near term. Both, Boeing and Airbus have plans to rejuvenate the production rate of their key wide-body aircraft programs (A350XWB and B787). Furthermore, the expected market entry of B777x by 2025 is likely to add a stir to the market demand. Also, a paradigm shift from traditional incandescent external lighting to LED lighting in new-generation aircraft may create additional opportunities for the market stakeholders.

Based on the lighting type - The market is segmented into position/navigation lights, wing inspection lights, anti-collision/beacon lights, landing, and taxi lights, and other exterior lights. Anti-collision/beacon lights are expected to remain the most dominating segment of the market during the forecast period due to the rising concern about passenger safety and easy recognition of the flight. On average, there are about four anti-collision lights in a commercial aircraft: left anti-collision light, right anti-collision light, upper anti-collision light, and right anti-collision light. Position/navigation lights are also likely to create a sizeable opportunity in the years to come.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3125/aircraft-exterior-lighting-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to be the most prominent region for aircraft exterior lighting. This growth outlook is majorly attributed to the following-
- Its large aircraft fleet and being a production hub for the aircraft industry.
- The region is the home of almost all the leading aerospace giants such as Boeing and Airbus.
- Furthermore, the resumption of B787 and B737 Max deliveries is giving new birth to the entire region's aerospace industry supply chain including the exterior lighting demand.

Aircraft Exterior Lighting Market Drivers:

Some of the key drivers listed in the report are given below.
- Rise in the aircraft exterior lighting market, led by the recovery of the aviation industry.
- Furthermore, airlines are focusing on advanced LED technologies to enhance passenger safety and pilot visibility during a flight.

Top Companies in the Aircraft Exterior Lighting Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Astronics Corporation
• Cobham Plc.
• Collins Aerospace
• Diehl Stiftung & Co. KG
• FACC AG.
• Honeywell International Inc.
• Luminator Technology Group
• Safran S.A.
• Schott AG
• Soderberg Manufacturing Company, Inc.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Exterior Lighting Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Aircraft Lighting Market: https://www.stratviewresearch.com/315/Aircraft-Lighting-Market.html

• Aircraft Interior Lighting Market: https://www.stratviewresearch.com/3124/aircraft-interior-lighting-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.