The Aircraft Exterior Lighting Market is segmented by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Helicopter, Military Aircraft, Regional Aircraft, and Business Jets), Lighting Type (Position/Navigation Lights, Wing Inspection Lights, Anti-Collision/Beacon Lights, Landing and Taxi Lights, and Others), End-User Type (OE and Aftermarket), and Region (North America, [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
The Aircraft Exterior Lighting Market is segmented by Aircraft Type...
External lighting of an aircraft has paramount importance in addressing several requirements including the visibility of aircraft to other aircraft flying nearby, pilot visibility during crucial flight phases, navigation with aircraft runway, taxing the aircraft to the airport, and airline branding (logo lights). Exterior aircraft lights mainly include position; anti-collision/beacon; and landing and taxi lights for operations, especially at night. Some other types of exterior lights include wing inspection lights, which are of great benefit for specialized flying operations.
The year 2022 witnessed a rise in the aircraft exterior lighting market, led by the recovery of the aviation industry. Furthermore, airlines are focusing on advanced LED technologies to enhance passenger safety and pilot visibility during a flight, which will help to revive the market at the earliest.
Aircraft Exterior Lighting Market Report Overview
Market Size in 2028
US$ 0.14 billion
CAGR (2023-2028)
10.7%
Base Year of Study
2022
Trend Period
2017-2021
Forecast Period
2023-2028
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. Exterior 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.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Aircraft Type
Narrow-Body Aircraft, Wide-Body Aircraft, Helicopter, Military Aircraft, Regional Aircraft, and Business Jets.
Narrow-body aircraft is likely to remain dominant, whereas wide-body aircraft is to be the fastest-growing aircraft type over the next five years.
Lighting Type
Position/Navigation Lights, Wing Inspection Lights, Anti-Collision/Beacon Lights, Landing and Taxi Lights, and Others.
Anti-collision/beacon lights are likely to remain dominant, whereas reading lights are to be the fastest-growing light type till 2028.
End-User Type
OE and Aftermarket
OE remains dominant, whereas aftermarket is to be the fastest-growing segment over the next five years.
Region Type
North America, Europe, Asia-Pacific, and Rest of the World
North America dominates the market, whereas Asia-Pacific is to be the fastest-growing region over the next five years.
By Aircraft Type
The aircraft exterior lighting market is segmented into narrow-body aircraft, wide-body aircraft, helicopter, military aircraft, regional aircraft, and business jets. Narrow-body aircraft is expected to be the most dominating aircraft type in the market during the forecast period. B737 Max and A320neo family are likely to remain the major narrow-body aircraft programs in the coming years. The introduction of single-aisle long-range aircraft may give some additional impetus to the demand in the years to come. Also, the market entry of C919 and MC-21 in the coming years will create new revenue pockets for the market stakeholders.
Similar to narrow-body aircraft, wide-body aircraft are also likely to create huge opportunities in the near term. Both, Boeing and Airbus have plans to rejuvenate the production rate of their key wide-body aircraft programs (A350XWB and B787). Furthermore, the expected market entry of B777x by 2025 is likely to add a stir to the market demand. Also, a paradigm shift from traditional incandescent external lighting to LED lighting in new-generation aircraft may create additional opportunities for the market stakeholders.
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By Lighting Type
The market is segmented into position/navigation lights, wing inspection lights, anti-collision/beacon lights, landing, and taxi lights, and other exterior lights. Anti-collision/beacon lights are expected to remain the most dominating segment of the market during the forecast period due to the rising concern about passenger safety and easy recognition of the flight. On average, there are about four anti-collision lights in a commercial aircraft: left anti-collision light, right anti-collision light, upper anti-collision light, and right anti-collision light. Position/navigation lights are also likely to create a sizeable opportunity in the years to come.
Regional Analysis
In terms of regions, North America is expected to be the most prominent region for aircraft exterior lighting, owing to its large aircraft fleet and being a production hub for the aircraft industry. The region is the home of almost all the leading aerospace giants such as Boeing and Airbus. Furthermore, the resumption of B787 and B737 Max deliveries is giving new birth to the entire region's aerospace industry supply chain including the exterior lighting demand.
Asia-Pacific is likely to grow at the fastest rate in the coming five years. The historical trend of manufacturing commercial aircraft in developed markets such as the USA and Germany and dispatching them to the key Asian developing economies such as China and India is no longer a viable business option. Now, the leading airframers have no option except to build their manufacturing/assembly facilities in the region. This is creating enormous opportunities for local supply chain companies. Additionally, key Asian economies including China, Japan, and India, have a high focus on the development of aircraft indigenously. In the race of indigenization, China is far ahead and has been focusing on developing all types of aircraft including commercial ones (C919). India and Japan are targeting some specific aircraft categories.
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Key Players
The aircraft exterior lighting market is moderately consolidated with the presence of several big players around the globe. Most of the major players are tier-I players with the revenue generated from exterior lighting holding a fraction of their total revenue. Honeywell is one of the largest manufacturers of aircraft exterior lighting at both OE as well as Aftermarket levels. 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 exterior lighting market:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft exterior lighting market realities and future market possibilities for the forecast period. 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 1,000 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 Exterior Lighting Market
How lucrative is the future?
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?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
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With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
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Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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The growth is supported by a large number of factors out of which the rebounding aerospace industry is the major one. A paradigm shift towards advanced LED lights is further giving a push to the market demand.
North America is estimated to remain dominant in the aircraft exterior lighting market in the foreseeable future, owing to the region's proximity to the world's leading airframers.
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.
Anti-collision lighting is likely to maintain its dominance in the market in the next five years, due to the growing focus on providing passenger safety during a flight, especially at night.
Astronics Corporation, Honeywell International Inc., Safran S.A., Collins Aerospace, Diehl, Luminator Technology Group, and Cobham are the leading players in the aircraft exterior lighting market.
