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Aircraft Lighting Market Report
Aircraft Lighting Market is Segmented by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft), by Light Type (Interior Lights...
Impact of COVID-19 on Aircraft Lighting Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The global aircraft lighting market is projected to grow at a CAGR of >5% during the forecast period. Healthy future growth rate offers a plethora of opportunities to the entire ecosystem of the market. Some of the major factors bolstering the demand for lighting products in the aircraft industry are-
Lighting in an aircraft performs illumination to both interior as well as exterior sections of an aircraft. There has been a continuous development of lighting products targeting the key areas that include the consumption of low power, longer life, and higher output. These advancements must be met at a lower cycle time along with cost-effective solutions. Other important factors for the consideration for lighting manufacturers are the reduction in maintenance cost and excellence in performance. Airlines have been demanding the finest lighting products which have an efficient operation and reduced maintenance.
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The aircraft lighting market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft. The narrow-body aircraft is expected to remain the largest segment of the market during the forecast period. Increasing production rates of key narrow-body aircraft to support the rising passenger and cargo traffic, rising global aircraft fleet, increasing the lighting content per aircraft, and an advancement in the lighting technology are the major growth drivers of the segment’s lighting market. Wide-body aircraft is likely to witness the highest growth during the same period, driven by an increasing demand for wide-body aircraft, such B787, and A350XWB, especially in the developing economies, such as China and India. There is also a healthy demand for wide-body aircraft in the Middle East region.
The aircraft lighting market is also segmented based on the light type as Interior and Exterior lighting. Interior lighting includes reading lights, ceiling & wall lights, signage lights, cockpit lights, floor path lighting strips, lavatory lights, and other interior lights, whereas exterior lighting includes position lights, wing and engine lights, anti-collision lights, landing lights, emergency & utility lights, cargo & service lights, and other exterior lights. Both light types (interior and exterior) are likely to witness healthy growth rates in the market over the next five years.
The aircraft lighting market is further segmented based on the technology type as LED, Halogen, and Others. The LED light type segment is the most attractive technology type for aircraft lighting majorly due to longer life of about 10,000 to 20,000 hours as compared to traditional halogen lights which usually have a lifespan in the range of 500 to 3000 hours. Further LED light also consume lower power which can contribute towards higher fuel efficiency and translate cost savings, along with making more power available for passengers’ comfort such as in-flight connectivity and entertainment.
Based on the regions, North America is projected to remain the largest aircraft lighting market during the forecast period. This region has been the pioneer in the aerospace & defense industry and is the manufacturing capital with the presence of small- to large-sized OEMs in each aircraft category. Most of the players have manufacturing and assembly plants in North America. Additionally, various major lighting manufacturers for the aerospace industry are in the region to support OEMs for the development of advanced products meeting airline requirements.
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Asia-Pacific is expected to witness the highest growth during the same period. The highest commercial aircraft fleet size; the gradual shift of manufacturing/assembly plants of OEMs; and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fuelled by increasing passenger traffic will continue to drive the Asia-Pacific’s market in the coming years.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2014-2025 |
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Forecast |
>5% CAGR During 2020-2025 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries Covered |
The USA, Canada, Mexico, Germany, France, Russia, The UK, Spain, Japan, China, India, Latin America, the Middle East and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
Some of the major companies in the aircraft lighting market are-
Development of advanced lighting products which consume lower power, last longer, and can withstand harsh environment; and collaboration with OEMs and airlines are some of the key strategies adopted by companies to gain a competitive edge over other competitors
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the lighting market for the aircraft industry over the trend period of 2014 to 2019 and the forecast period of 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview research offers custom research services across the 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 at sales@stratviewresearch.com
Driven by a number of factors like Increasing production rates of key commercial and regional aircraft, the aircraft lighting market is expected to witness an impressive growth of >5% CAGR During the forecast period.
Astronics Corporation, Bruce Aerospace, Cobham plc, Diehl Stiftung & Co. KG, Honeywell Aerospace, Rockwell Collins, UTC Aerospace Systems and Zodiac Aerospace are among the key players in the aircraft lighting market.
North America is projected to remain the largest aircraft lighting market during the next five years.
The narrow-body aircraft is expected to remain the largest segment of the aircraft lighting market during the forecast period.
The LED light type segment is the most attractive technology type in the aircraft lighting market.
Both light types (interior and exterior) are expected to witness healthy growth in the aircraft lighting market in the next five years.
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