Press release
Aircraft Lighting Market Size Forecasted To Achieve $2.3 Billion By 2029 With Steady Growth
Aircraft Lighting
What Is the Aircraft Lighting Market Size and Projected Growth Rate?
In recent times, there has been significant growth in the aircraft lighting market. The market was worth $1.63 billion in 2024 and is expected to increase to $1.75 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.3%. The previous growth can be attributed to various factors such as improved aesthetics and customization, weight reduction initiatives, embedding of emergency lighting, innovations in cockpit lighting, and an emphasis on passenger comfort.
In the ensuing years, the size of the aircraft lighting market is projected to undergo substantial growth. It's predicted to reach $2.3 billion by 2029, with a compound annual growth rate (CAGR) of 7.1%. The predicted growth in the forecast duration is due to the ascending aircraft fleet expansion, the utilization of oLED and superior lighting materials, mood lighting innovations, the incorporation of intelligent lighting controls, and conforming to regulatory and safety standards. Noteworthy trends foreseen during this period are the adoption of LED technology, customization, and cabin ambiance, regulatory demands, initiatives to reduce weight, and technological progress.
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What Are the Major Segments in the Aircraft Lighting Market?
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), After market, Maintenance, Repair And Operations (MRO)
Subsegments:
1) By Narrow-Body Aircraft: Single-Aisle Aircraft, Twin-Aisle Aircraft
2) By Wide-Body Aircraft: Long-Haul Aircraft, Ultra-Long-Range Aircraft
3) By Helicopter: Civil Helicopters, Military Helicopters
4) By Military Aircraft: Fighter Jets, Transport Aircraft, Surveillance Aircraft
5) By Regional Aircraft: Turboprop Aircraft, Regional Jets
6) By Business Jets: Light Jets, Mid-Size Jets, Large Jets
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What Are The Driving Aircraft Lighting Market Evolution?
The term fleet modernization is used to describe the actions taken by airlines and other aviation companies to update and replace their aging aircraft with newer, more advanced, and more fuel-efficient models. The primary advantages of fleet modernization include enhanced efficiency, reduced operational expenses, and improved environmental sustainability through the use of advanced technologies and newer aircraft. The aircraft lighting market benefits significantly from fleet modernization as it creates demand for innovative lighting solutions, betters energy effectiveness, and facilitates the incorporation of smart technologies in newer aircraft models. For example, Airbus, an aerospace company based in the Netherlands producing aircraft, reported that they delivered 735 commercial aircraft to 87 different customers around the world in 2023, which reflected an 11% growth compared to the previous year, 2022. Therefore, the growth in the aircraft lighting market is expected to be driven by the increasing trend of aircraft fleet modernization.
Which Firms Dominate The Aircraft Lighting Market Segments?
Major companies operating in the aircraft lighting market include 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
What Trends Are Expected to Dominate the Aircraft Lighting Market in the Next 5 Years?
Product innovation is rapidly becoming a prominent trend in the aircraft lighting market, with major players striving to invent new solutions to fortify their market stance. For example, Collins Aerospace, an American company known for its expertise in cutting-edge solutions for the worldwide aerospace and defense industry, unveiled its Hypergamut Lighting System in June 2022. The comprehensive cabin lighting system intelligently syncs with live flight data, enabling predictive and standalone functionality. It also enhances the look of materials, food, and fixtures in the cabin by optimizing color, while being sensitive to human biology to reduce passenger jetlag.
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Which Is The Largest Region In The Aircraft Lighting Market?
North America was the largest region in the aircraft lighting market in 2024. The regions covered in the aircraft lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aircraft Lighting Market?
2. What is the CAGR expected in the Aircraft Lighting Market?
3. What Are the Key Innovations Transforming the Aircraft Lighting Industry?
4. Which Region Is Leading the Aircraft Lighting Market?
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