Global Aircraft Lighting Market: Constant Innovations by Manufactures in Aviation Industry Bolstering Growth Steadily 2017-2026

Safe traveling is one of the most important aspects for those who wish to travel through an aircraft. The surge in the number of business trips and vacation trips due to traditional occasions has led to increasing number of flight bookings. These are the primary factors which are driving the aircraft lighting market. New aircraft lighting systems have an innovative working design that saves fuel and consume less power. Considering these facts, Market Research Hub (MRH) has publicized a new study titled “Aircraft Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2026” to its wide archive, which offers a wide-ranging analysis and insights that are supported by useful data and vital statistics. According to the report key evaluations, the global aircraft lightening market is anticipated to denote a value of over US$ 3,300 Mn by the end of 2026, along with a CAGR of 4.6%.

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Market Dynamics

Owing to the surge in demand for innovative lighting solutions for the aircrafts is expected to impact growth of the global aircraft lighting market significantly in the coming years. In addition, demand for fast deliveries and orders in the commercial industry is further projected to impact growth of the global aircraft lighting market positively.

Unprecedented weather conditions pose significant challenges while flying aircrafts. The absence of the aircraft lightings during extreme weather conditions can lead to accidents and collisions of the aircrafts. In order to offer convenience and improve passenger experience, manufacturing companies are focusing on incorporating lightings in the interior as well as exterior of the aircraft. As the need for safe navigation arises, they are concentrating on equipping the aircrafts with weatherproof lights.

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Automotive manufacturers are also focusing on integrating the wing inspection lights in the forward of the wing roots, which permits the maintenance personnel and cabin crew to check the wings for damage, ice and snow. These factors are expected to impact growth of the global positively during the forecast period.

Moreover, in order to provide comprehensive view of the global market, the research has been broadly categorized into lighting type, aircraft type, platform type, fit type and region. On the basis of lighting type, the global market is segmented as signage light, ceiling & wall lights, reading lights, cockpit lights, other interior lights, position lights, wings & engine inspection lights, anti-collision lights, landing lights and other exterior lights. In terms of revenue, the ceilings & wall lighting type segment is projected to highest growth, recording more than US$ 200 Mn by 2026-end.

Competitive Landscape

At last, a detailed analysis of competitive landscape comprising all essential knowledge about companies participating in the market is highlighted in the study, helping readers to study the growth aspects of the market players. Key players operating in the global aircraft lighting market are Aveo Engineering Group, Honeywell International Inc., Cobham plc, Diehl Stiftung & Co. KG, B/E Aerospace, Inc., UTC Aerospace Systems, Aveo Engineering Group, Astronics Corporation, Bruce Aerospace, and STG Aerospace Limited.

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