Global Aircraft Lighting Systems Market is expected to reach $3,222.48 million by 2027 growing at a CAGR 6.7% during 2018 to 2027.

Fri Jun 5, 2020 - 9:36am GMT+0000

Some of the key players in aircraft lighting systems market include Goodrich Corporation, Aveo Engineering Group SRO, Astronics Corporation, Diehl Stiftung & Co. Kg., Zodiac Aerospace, Green & Safety Technology Co. Ltd., Oxley, and Bruce Aerospace.

Gaithersburg, Maryland, United States – June 5, 2020 /MarketersMedia/

Some of the key factors propelling the market growth include high demand for energy efficient lighting systems in the emerging economies, increase in air travel, and rise in need for light-weighted aircraft components & new technological advancements. However, high initial costs hamper the market growth.

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Aircraft lighting system aids two key applications, dedicated exterior light sources and lightens the interior of the aircraft. These systems help to improve the operation of an aircraft by providing visibility, safety, and accuracy. Moreover, various technological developments to enhance the fuel efficiency and performance of the aircraft are performed in these lights. These systems offer clear visibility to pilots for path detection in bad weather conditions and to avoid collision. Similarly, these systems play a crucial role to guide the ground staff while landing and takeoff.

By type, interior lighting system is projected to witness significant growth during the forecast period, due to growing demand for enhancing passenger experience & comfort, and upgradation of existing aircraft lighting with LED technology. It includes reading lights, ceiling and wall lights, signage, floor path lighting strips, and lavatory lights, among others. Airlines are focusing on deploying multi-color interior lighting, to create an ambiance as per the demand or mood of the passengers. This lighting system offers a simulated lighting environment and changing the lighting spectrum from day to night.

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On the basis of geography, North America is expected to have considerable market growth during the forecast period, due to increase in air traffic and rise in competition among the existing aircraft operators. As per the International Air Transport Association (IATA), the profitability of the North American airline industry is expected to increase, owing to declining fuel prices. Moreover, the implementation of low-cost carrier (LCC) business model in the U.S. along with the introduction of ultra-low-cost carrier (ULCC) business model are expected to boost the commercial aircrafts market in the U.S., fueling the aircraft lighting systems market.

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Aircraft Types Covered:
• Very Large Aircraft
• Regional Jets
• Wide Body Aircraft
• Narrow Body Aircraft
• Commercial Aircraft
• Military Aircraft
• Cargo Aircraft
• Business Aircraft

Light Types Covered:
• Light-Emitting Diode (LED)
• Electro-Luminescent
• Organic Light Emitting Diodes (OLED)
• Incandescence
• Fluorescence
• Photo-Luminescent
• Strobe

Types Covered:
• Exterior Lighting System
• Interior Lighting System
• Service Lighting

Systems Covered:
• Passenger Service Unit
• Cockpit Control Unit

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
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– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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