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Aircraft Exterior Lighting Market to Witness Steady Growth During 2017 – 2027

01-02-2018 09:57 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Aircraft Exterior Lighting Market to Witness Steady Growth

Considering the paramount global importance of air transport for achieving the highest speed of global connectivity and transportation, aircraft exterior lighting products & technology applications have been of prime importance from the multiple perspectives of enhanced air safety, superior features for improved functionality & aircraft manoeuvring. As aircrafts travel in multiple directions and climb and descend to change altitudes at a very high rate, the importance of the provision of superior aircraft exterior lighting for aircraft carriers worldwide becomes highly imperative to ensure safer as well as comfortable aircraft control and enhanced visibility, especially during night and low daylight or visibility conditions.

Also, given the advancements in aircraft exterior lighting technology with the advent of LED, OLED and other technologies coupled with standardization procedures followed by various air carriers & international airlines across countries, the demand for superior and advanced aircraft exterior lighting products is expected to witness a very high growth rate in near future. The aircraft exterior lighting market growth is also expected to be fuelled by increasingly stringent regulations being implemented by aviation regulatory bodies worldwide.

Hence, considering the vital applications of aircraft exterior lighting, the study of the aircraft exterior lighting market becomes an important read.

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Market Segmentation

On the basis of product type, the global aircraft exterior lighting market is segmented as follows:

Line fit aircraft exterior lighting

Retrofit aircraft exterior lighting

On the basis ofapplication, the global aircraft exterior lighting market is segmented as follows:

Heavy aircraft exterior lighting

Large aircraft exterior lighting

Small aircraft exterior lighting

On the basis ofend-use, the global aircraft exterior lighting market is segmented as follows:

Anti-collision aircraft exterior lighting

Navigation aircraft exterior lighting

Landing aircraft exterior lighting

Strobe aircraft exterior lighting

Beacon aircraft exterior lighting

Logo aircraft exterior lighting

On the basis oftechnology used, the global aircraft exterior lighting market is segmented as follows:

LED aircraft exterior lighting systems

OLED aircraft exterior lighting systems

Photo luminescent aircraft exterior lighting systems

Conventional aircraft exterior lighting systems

Custom operated aircraft exterior lighting systems

Key Trends and Drivers

These days, manufacturers of aircraft exterior lighting systems have been focusing aggressively on innovative product developments to develop and launch new aircraft exterior lighting systems that consume lesser power, thereby contributing to considerable aviation fuel savings.

It should be noted that the demand for new aircrafts is being fuelled by the ever rising number of international as well as domestic passengers along with the increasing air cargo transport and the need to replace old aircraft fleet with new aircrafts. This increase in demand for new aircrafts will, in turn, fuel the global demand for aircraft exterior lighting systems in future.

However, the relatively higher price of advanced power-saving aircraft exterior lighting systems is proving to be a deterrent for smaller, low-budget air carriers. This particular factor is seen to be hampering the growth rate of the global aircraft exterior lighting systems market.

Also, an increasingly stringent aviation regulatory environment is being witnessed across multiple countries which has translated into various aviation regulatory bodies of different countries making it mandatory for all aircraft carriers to install adequate aircraft exterior lighting systems for different purposes. For instance, the Federal Aviation Administration (FAA) of the U.S. Department of Transportation has made it mandatory for air carriers to ensure the installation of aircraft anti-collision lights and aircraft position lights in all aircraft carriers operating within the United States. Such developments are expected to significantly drive the growth of the global aircraft exterior lighting systems market in the years to come.

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Market Participants

Examples of some of the market participants operating in the global aircraft exterior lighting market are as follows:

Oxley Group

UTC Aerospace Systems

Astronics Corporation

Teledyne Reynolds Inc.

Cobham plc

Devore Aviation Corporation of America

Honeywell International Inc.

Amglo Kemlite Laboratories

Rockwell Collins

Whelen Engineering Co., Inc

ABOUT US:

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Contact Us:

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Future Market Insights
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Tel: +1-347-918-3531
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Email: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

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