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The global aircraft lighting market has the potential to grow by USD 507.76 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.
This report provides a detailed analysis of the market by type (interior lighting and exterior lighting) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Astronics Corp., BAE Systems Plc, Cobham Plc, Honeywell International Inc., Oxley Group, Safran SA, SCHOTT AG, Soderberg Manufacturing Co. Inc., STG Aerospace Ltd., and United Technologies Corp.
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The aircraft lighting market is currently fragmented, and the degree of fragmentation will decrease during the forecast period. Market vendors are increasingly focusing on M&A activities to improve their services, expand their geographical reach, and strengthen their position in the aircraft lighting market. Astronics Corp., BAE Systems Plc, and Cobham Plc are a few of the major market participants. Although the growing popularity of low-cost and low-maintenance lighting solutions will offer immense growth opportunities, the extended product replacement cycle will challenge the growth of the market participants. To increase their aircraft lighting market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market positions, this aircraft lighting market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this aircraft lighting market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading aircraft lighting manufacturers, including:
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North America was the largest market for aircraft lighting in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. Factors such as the presence of well-established and robust aviation infrastructure, the launch of new lighting systems, and the high procurement rate of new aircraft are contributing to the aircraft lighting market growth in the region.
Over 36% of the market’s growth will originate from North America during the forecast period. The US is a crucial market in the aircraft lighting market in North America. Market growth in the region will be faster than the growth of the market in South America.
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The interior lighting of an aircraft includes cabin lights, reading and dome lights, wash lights, lavatory lights, galley and crew lights, emergency lights, ordinance sign lights, and cockpit lights. The rising demand for aircraft, growing focus on enhancing customer comfort, and the launch of various advanced interior lighting systems will increase the demand for interior lighting solutions.
The market growth by the interior lighting segment will be faster than the growth of the market by the exterior lighting segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft lighting market size.
The growing popularity of low-cost and low-maintenance lighting solutions has been identified as one of the significant drivers fueling the growth of the aircraft lighting market. Traditional lighting systems in aircraft require regular maintenance, incurring additional maintenance costs. Traditional lighting solutions require frequent replacement of failed or discolored lighting elements and broken mounting units. Leveraging on such limitations, vendors have started offering low-cost and low-maintenance lighting solutions, such as LED-lighting systems.
LED lights have a longer lifespan and provide bright and consistent output. In LED lights, a wide range of color temperatures and fade-in-and fade-out light dimming functions is available. LED lighting systems can also be connected to the existing cabin control panel without any alterations to its functions or layout, thereby making its deployment easier and cost-effective. Moreover, these lighting systems help in increasing fuel efficiency and reducing the overall electric power consumption of the aircraft. These benefits of LED lighting systems are expected to boost their adoption in aircraft, consequently fueling the growth of the aircraft lighting market.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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