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  • Aircraft Interior Lighting Market Growth Analysis | 2023-2028

    Aircraft Interior Lighting Market Growth Analysis | 2023-2028

    Aircraft Interior Lighting Market Growth Analysis | 2023-2028
    Report code - SR2240 Published On : Dec,2022 No. of Pages: 120
    Aircraft Interior Lighting Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Market Highlights

    The Aircraft Interior Lighting Market is likely to grow at a promising CAGR of 10.1%, in the long run, to reach US$ 1.2 billion in 2028.

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    The importance of lighting systems has been increasing with the advancements in technology. Over time, the role of lights became widespread. Earlier, lights were used to provide luminous, whereas, today, lights proved to be a powerful weapon in enhancing the passenger experience. Airlines are incorporating a large number of lights in the cabin section, offering different features such as color options. Lights are used in almost all the crucial sections of an aircraft; however, interiors hold a huge dominance in terms of both, the number of lights used as well as the amount of lights used. In interiors, lights are used in the cabin as well as the cockpit.

    The growth in the aircraft interior lighting market size may be accredited to the following factors:

    • Airline companies are increasingly focusing on improving the passenger experience to gain a competitive edge.
    • Aircraft interior lighting plays a crucial role in creating a comfortable and visually appealing ambiance for passengers.
    • Mood lighting, dynamic color options, and customizable lighting settings are becoming popular features in modern aircraft interiors.

    Covid-19 Impact

    The aerospace industry witnessed several setbacks in the past few years (2019-2022), almost breaking their ribs. All those setbacks (B737 max grounding, followed by the COVID-19 pandemic, B787 deliveries' halt, and the Russo-Ukrainian war) have had a noticeable impact across the value chain. Lights, a crucial element of the aircraft, also witnessed a roller-coaster ride in the past few years, with demand reaching almost a decade-ago figure. In 2020, the aircraft interior lighting market nose-dove at a -40%+ rate followed by another colossal decline of -15%+ in 2021.

    The year 2022 witnessed a rise in the aircraft interior lighting market, led by the recovery of the aviation industry. Furthermore, it is also noticed that airlines are highly focusing on the upgradation and modernization of conventional cabin interiors to provide a better travel experience which will help to revive the market. 

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Aircraft Type

    Narrow-Body Aircraft, Wide-Body Aircraft, Helicopters, Military Aircraft, Regional Aircraft, and Business Jets.

    Narrow-body aircraft is anticipated to remain the biggest demand for interior lights. The post-pandemic market recovery will trigger the demand for wide-body aircraft.

    Lighting Type

    Cabin Lights (Ambient, Seat and Stowage Lights, Reading Lights, Signage Lights, and Others) and Cockpit Lights.

    Ambient, seat, and stowage lights are likely to remain the dominant product category, whereas reading lights are to be the fastest-growing segment over the next five years.

    End-User Type

    OE and Aftermarket

    OE remains dominant, whereas Aftermarket is to be the fastest-growing market over the next five years.

    Technology Type

    LED, Fluorescent, and Others

    LED is to remain the dominant as well as the fastest-growing segment till 2028.

    Equipment Type

    BFE and SFE

    BFE is to be the dominant as well as the fastest-growing segment till 2028.

    Region Type

    North America, Europe, Asia-Pacific, and Rest of the World

    North America is likely to dominate the aircraft interior lighting market, whereas Asia-Pacific is to be the fastest-growing region in the market over the forecast period.

     

     

    By Aircraft Type

    The aircraft interior lighting market is segmented into narrow-body aircraft, wide-body aircraft, helicopters, military aircraft, regional aircraft, and business jets. Narrow-body aircraft is expected to be the dominant aircraft type in the market during the forecast period. The introduction of single-aisle long-range aircraft (A321XLR, etc.), faster recovery of narrow-body aircraft in the post-pandemic developments, and expected market entries of new programs (C919, MC21, etc.) are likely to drive the demand for lights including used in interiors in the coming years. The ongoing supply chain disruption in the wake of the pandemic further aggravated by rising geopolitical tensions may delay the overall recovery process; however, still, the business outlook looks promising with attractive growth soon.

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    By Lighting Type

    The market is segmented into cabin lights (ambient, seat & stowage lights, signage lights, reading lights, and others) and cockpit lights. Ambient, seat, and stowage lights are expected to remain the most dominating segment of the market during the forecast period due to the increasing use of different interior lights for a beautiful aesthetic appearance like colorful mood lights with innovative LED lighting technology.

    By Technology Type

    The market is segmented into LED, fluorescent, and others. LED is expected to remain the most dominating as well as the fastest-growing segment of the market during the forecast period. LED can generate brighter luminous than conventional (incandescent) bulbs and are more energy-efficient (using less amount of power allotted to all aircraft systems for the duration of a flight). Additionally, LED lights often have MTBFs of 10,000 hours or 10 years.

    Regional Analysis

    In terms of regions, North America is anticipated to hold the top spot in the aircraft interior lighting market. With the presence of small- to large-sized OEMs, this region is the industrial hub for the aerospace & defense industry. The majority of players have assembly and production facilities in North America. Additionally, several significant interior lighting manufacturers, such as Collins Aerospace, Astronics, and Honeywell, are present in the region to assist OEMs in the creation of cutting-edge products to meet the airlines’ criteria.

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    Key Players

    The aircraft interior lighting market is moderately consolidated with the presence of several big players around the globe. The top industry players frequently use a variety of strategies to support the expansion of the market and deliver their products to almost all OEMs across the globe. The value chain includes lighting component manufacturers, aircraft lighting vendors, tier players, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. The following are the key players in the aircraft interior lighting market:

    • Astronics Corporation
    • Cobham Plc.
    • Collins Aerospace
    • Diehl Stiftung & Co. KG
    • FACC AG.
    • Honeywell Aerospace
    • Luminator Technology Group
    • Safran S.A.
    • Schott AG
    • Soderberg Manufacturing Company, Inc.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft interior lighting market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Aircraft Interior Lighting Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    A Bird's Eye View of the Market

    The aircraft interior lighting market is estimated to grow at a CAGR of 10.1% by 2028. The expected double-digit growth rate is mainly due to a speedy rebound of the aircraft industry after a ginormous decline in the years 2020 and 2021.

    The aircraft interior lighting market is likely to reach US$ 1.2 billion in 2028.

    The ambient, seat, and stowage lighting segment is likely to maintain its dominance in the market in the next five years due to the growing focus on providing a beautiful aesthetical look in the cabin area.

    North America is estimated to remain dominant in the aircraft interior lighting market in the foreseen future with the presence of several aircraft interior lighting manufacturers, such as Astronics, Collins Aerospace, and Honeywell, in the region that supply their lighting products.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years. Significant capital investments paired with the upcoming aircraft programs to address the huge market potential drive the overall region’s market dynamics.

    Collins Aerospace, Safran S.A., Diehl, Astronics, Honeywell, Luminator Technology Group, and Cobham are the leading players in the aircraft interior lighting market.

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