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.
Market Overview
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Market Competitive Analysis
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:
- Astronics Corp.
- BAE Systems Plc
- Cobham Plc
- Honeywell International Inc.
- Oxley Group
- Safran SA
- SCHOTT AG
- Soderberg Manufacturing Co. Inc.
- STG Aerospace Ltd.
- United Technologies Corp.
Aircraft Lighting Market: Segmentation by Region
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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.
Aircraft Lighting Market: Segmentation by Type
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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.
Aircraft Lighting Market: Key Drivers and Trends
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.
- The increasing demand for technologically improved lights has been identified as one of the critical aircraft lighting market trends.
- Investments in the research and development of advanced lighting solutions for both commercial and military aircraft are increasing.
- For instance, Oxley Group is focusing on the development of various technologically advanced lighting solutions for military aircraft, such as complex air refueling lighting systems.
- The company is also investing in the development of specific flash patterns for the formation of anti-collision lights in both visible and infra-red.
- Market vendors are also conducting various research activities on human-centric lighting and their impact on passengers’ photobiological and photometric response.
- For instance, STG Aerospace is investing in the R&D of advanced mood-lighting systems that have a calming effect on passengers.
- Such technological advances in aircraft lighting systems are expected to significantly improve passenger comfort and drive the growth of the market during the next five years.
- During 2020-2024, the aircraft lighting market will grow at a CAGR of over 5%.
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Aircraft Lighting Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will accelerate the growth of the aircraft lighting market during the next five years
- Precise estimation of the global aircraft lighting market worth and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aircraft lighting industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aircraft lighting vendors
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