Aircraft Lighting Market is Forecasted to Reach US$ 1.3 Billion in 2028, Says Stratview Research

The global aircraft lighting market is projected to witness a growth rate of 10.2% annually from 2023 to 2028, with an anticipated size of US$ 1.3 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 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/315/Aircraft-Lighting-Market.html#form

Report Highlights:
Market Size in 2028: US$ 1.3 billion
Growth (CAGR): 10.2% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Lighting Market:

The global Aircraft Lighting market is segmented based on Aircraft type, Technology type, Lighting type, End-User type, Furnished Equipment type, and Region.

Based on lighting type - The study unveils several market insights related to lighting type, the most crucial market category of the study. In order to provide a greater depth of information, the study segmented the lighting type in the most comprehensive manner. For instance, the interior lighting is further broken into cabin lighting and cockpit lighting. Cabin lighting is again broken into key types including ambient, seat, and stowage lights; signage lights, reading lights, and others. Analogously, exterior lighting is bifurcated into anti-collision/beacon lights, landing and taxi lights, position/navigation lights, wing inspection lights, and other exterior lights. Interior remains the hotspot when talking about lighting, multiple times bigger than the amount of light used in aircraft exteriors. Even in the future, Stratview anticipates that the penetration of interior in the lighting market is likely to increase with the advancements in the lighting technology paired with ardent efforts of airlines to meet the passengers' comfort and needs. In the study, Stratview provided a total amount of different types of lighting used in different aircraft programs.

Based on technology type - Over the years, technology played the most pivotal role in the market and application developments. The life of light is one of the most important selection criteria along with its luminosity. Here, LED gives a clear advantage, offering about 7-10x greater lifespan than that of traditional halogen lights (LED lasts between 10,000 and 20,000 hours longer than regular halogen lights, which typically last between 500 and 3000 hours). Additionally, LED lighting consumes less electricity, which can increase fuel efficiency and result in cost savings. The obvious impacts of these several advantages can be seen in their demands with LED lights holding a mammoth share in the market and continuing to maintain their gigantic share in the years to come.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/315/Aircraft-Lighting-Market.html

Which Country Shows the Most Promising Growth Forecast and Opportunity?

Ubiquitously, North America is the pioneer in the aircraft lighting market. The past four years proved to be the most catastrophic, especially applicable for the regional stakeholders, in the history of the aviation industry. Despite several burning challenges, the region still maintains its lead in the global marketplace and is anticipated to do so in the foreseeable future. The expected recovery of Boeing from several setbacks will help the region to bring back its charm in the coming years. All the leading players, such as Collins Aerospace, Astronics, and Honeywell, have a strong presence in the region and usually prefer to have high proximity with airframers to address their emergent needs. These companies always hammering hard in order to get themselves listed in the OEM's program catalog.

On the other hand, Asia-Pacific, a market that all the stakeholders want to talk about, and usually any analysis considered incomplete if there is no proper analysis of the region, is subjected to grow at a staggering rate in the next five years. Seemingly, China, India, and Japan would be the most lucrative markets in the region, offering sizeable growth opportunities to market stakeholders. It is anticipated that 17,500 commercial aircraft are likely to be delivered in the region in the next twenty years, representing about 45% share of global aircraft deliveries over the same period.

Aircraft Lighting Market Drivers:
Some of the key drivers listed in the report are given below.
• Rise in air travel is driving demand for modern, energy-efficient aircraft lighting systems.
• Increased production of commercial aircraft boosts the need for advanced lighting solutions.
• Emphasis on passenger experience accelerates the adoption of ambient and mood lighting technologies.
• Technological advancements such as LED and OLED integration enhance performance and fuel efficiency.
• Strict safety regulations mandate improved visibility and emergency lighting systems in aircraft.

Top Companies in the Aircraft Lighting Market:
Stratview Research has identified the following companies as the top market players.
• Astronics Corporation
• Cobham Plc.
• Collins Aerospace
• Diehl Stiftung & Co. KG
• FACC AG.
• Honeywell Aerospace International Inc.
• Luminator Technology Group
• Safran S.A.
• Schott AG
• Soderberg Manufacturing Company, Inc.
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Aircraft 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?

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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.