• Blog
  • Aircraft Lighting Market Report

    Aircraft Lighting Market Report

    Aircraft Lighting Market Report
    Report code - SRAD167 Published On : Dec,2022 No. of Pages: 120
    Aircraft Lighting Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Highlights

     

    The evolution of lighting technology for the aerospace industry has been unspellable with the market stakeholders literally taking step by step in the product development for increasing the use of lights in several crucial aircraft sections, ultimately aiming to take the passengers’ comfort to the next level. Lights are used in several areas; broadly categorized into exteriors and interiors. Exterior lighting aids in operations such as night landing, icing inspection, and mid-air collision safety. Interior lights, on the other hand, illuminate instruments, cockpits, cabins, and other areas occupied by crew and passengers. Special lights, such as indicator and warning lights, indicate the state of equipment operation. Most of the demand for aircraft lights goes hand to hand with the total aircraft production. Any change in the aircraft production cord usually has similar reflections in the demand for lights.

    The past three years (2019-2021) proved to be extremely challenging for the market stakeholders, leaving no space in front of the market stakeholders for the recovery. Firstly, the grounding of the B737Max followed by the outbreak of the pandemic kicked off the industry to almost the decade-ago figure. A similar jolt was felt in the demand for aircraft lighting, which witnessed a colossal decline (-40%+ in 2020) amid the pandemic. The year 2021 proved to be another breathtaking year for the stakeholders with a continued downfall in the demand, mainly due to the prolonged impact of the pandemic paired with the B787 production suspension.

    The beginning of 2022 proved to be a new dawn for the market stakeholders with a rapid recovery in air travel, helping the industry stakeholders to push their trajectory upwards inch by inch. Overall, the aircraft lighting market rebounded at an impressive rate of 20%+ in the same year, lighting the rays to hope for a speedy recovery.

    The changing geopolitical conditions, supply chain disruption, and resurgence of COVID variants keep tumbling the market environment. Despite these challenging environments, Stratview firmly believes in a positive outlook in the aircraft lighting market in both short as well as long term. The short-term outlook clearly eludes these challenging macro business environments and may record impressive double-digit growth rates, followed by sequential growth rates in the long term. Overall, the aircraft lighting market is likely to rebound at a promising CAGR of 10.2% in the long run to reach US$ 1.3 Billion in 2028.

    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

    Among all aircraft types, narrow-Body aircraft is the biggest demand generator, whereas, wide-body aircraft is to be the fastest-growing category, driven by its expected recovery.

    Lighting Type

    Interior Lighting and Exterior Lights

     

    Interior lights hold the lion’s share of the market, mainly driven by ambient, seat & stowage lighting. Exterior lights are to grow at the fastest pace during the forecast period.

    End-User Type

    OE and Aftermarket

    OE remains dominant, whereas Aftermarket is to be faster growth over the next five years.

    Technology Type

    LED, Fluorescent, and Others

    LED is anticipated to remain dominant as well as the fastest-growing segment over the next five years.

    Equipment Type

    BFE and SFE

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

    Region

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

    North America is projected to remain the dominant region of the market till 2028. Asia-Pacific is likely to witness the highest growth in the years to come.

     

    Stratview commenced this research with the identification of types of lights used across different aircraft programs. Among different aircraft types (narrow-body aircraft, wide-body aircraft, helicopter, military aircraft, regional aircraft, and business jets), narrow-body aircraft is the biggest demand generator of lights and is anticipated to maintain its colossal lead in the market in the years to come. After the pandemic, the demand for short-haul travel is improving at a rapid pace, which is driving airframers to increase their production rates of key aircraft programs. The trend is likely to more or less similar in the long term. As per the latest Airbus commercial aircraft outlook for 2022-2041, in the next twenty years, 39,490 commercial aircraft are likely to be delivered out of which 80% would be narrow-body aircraft only. Clearly, B737Max and A320neo family are likely to be the forerunners. However, the significance of C919 and A220 cannot be ignored with both aircraft may secure a healthy share of the total market demand in the long run.

    The study unveils several market insights related to lighting type, the most crucial market category of the study. In order to provide a greater depth of information, the study segmented the lighting type in the most comprehensive manner. For instance, the interior lighting is further broken into cabin lighting and cockpit lighting. Cabin lighting is again broken into key types including ambient, seat, and stowage lights; signage lights, reading lights, and others. Analogously, exterior lighting is bifurcated into anti-collision/beacon lights, landing and taxi lights, position/navigation lights, wing inspection lights, and other exterior lights. Interior remains the hotspot when talking about lighting, multiple times bigger than the amount of light used in aircraft exteriors. Even in the future, Stratview anticipates that the penetration of interior in the lighting market is likely to increase with the advancements in the lighting technology paired with ardent efforts of airlines to meet the passengers’ comfort and needs. In the study, Stratview provided a total amount of different types of lighting used in different aircraft programs. 

    Over the years, technology played the most pivotal role in the market and application developments. The life of light is one of the most important selection criteria along with its luminosity. Here, LED gives a clear advantage, offering about 7-10x greater lifespan than that of traditional halogen lights (LED lasts between 10,000 and 20,000 hours longer than regular halogen lights, which typically last between 500 and 3000 hours). Additionally, LED lighting consumes less electricity, which can increase fuel efficiency and result in cost savings. The obvious impacts of these several advantages can be seen in their demands with LED lights holding a mammoth share in the market and continuing to maintain their gigantic share in the years to come.   

    Ubiquitously, North America is the pioneer in the aircraft lighting market. The past four years proved to be the most catastrophic, especially applicable for the regional stakeholders, in the history of the aviation industry. Despite several burning challenges, the region still maintains its lead in the global marketplace and is anticipated to do so in the foreseeable future. The expected recovery of Boeing from several setbacks will help the region to bring back its charm in the coming years. All the leading players, such as Collins Aerospace, Astronics, and Honeywell, have a strong presence in the region and usually prefer to have high proximity with airframers to address their emergent needs. These companies always hammering hard in order to get themselves listed in the OEM's program catalog.

    On the other hand, Asia-Pacific, a market that all the stakeholders want to talk about, and usually any analysis considered incomplete if there is no proper analysis of the region, is subjected to grow at a staggering rate in the next five years. Seemingly, China, India, and Japan would be the most lucrative markets in the region, offering sizeable growth opportunities to market stakeholders. It is anticipated that 17,500 commercial aircraft are likely to be delivered in the region in the next twenty years, representing about 45% share of global aircraft deliveries over the same period. 

    It is again extremely paramount to understand where the majority of demand for lights lies: OE level or aftermarket level. The study again answered this crucial aspect of the study since this will help the market stakeholders to align the focus of their sales team in the right direction. Overall, OE remains the greater source of market demand; however, the aftermarket also holds a reasonable share of the total demand. Ultimately, the findings from this segment study clearly depict an equal focus of the market stakeholders in both market categories.

    Key Players

    The market is fairly populated with several major tier players also in this business, offering a wide range of lights targeting different aircraft programs. Overall, there is moderate consolidation in the market with a handful of companies securing a fair share. Interestingly, there is an existence of different leading companies at different levels: OE and aftermarket. Collins Aerospace, Safran, Honeywell, and Astronics are at the front seat of the market and together occupy a good chunk of the market. To provide an idea about the leading players, please find below a list of key players active in the aircraft lighting business.

    • Astronics Corporation
    • Cobham Plc.
    • Collins Aerospace
    • Diehl Stiftung & Co. KG
    • FACC AG.
    • Honeywell Aerospace International Inc.
    • 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 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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aircraft lighting market is segmented into the following categories. 

    Aircraft Lighting Market, by Aircraft Type

    • Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Business Jets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Lighting Market, by Product Type

    • Interior Lighting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Cabin Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
        • Ambient, Seat and Stowage Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
        • Signage Light (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
        • Reading Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
        • Other Interior Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Cockpit Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Exterior Lighting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Anti-Collision/Beacon Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Landing and Taxi Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Position/Navigation Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Wing Inspection Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Other Exterior Lights (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Lighting Market, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Lighting Market, by Technology Type

    • LED (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fluorescent (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Lighting Market, by Furnished Equipment Type

    • BFE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • SFE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Lighting Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report 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

     

    Frequently Asked Questions (FAQs)

    The aircraft lighting market is estimated to grow at a CAGR of 10.2% by 2028. The excellent growth trajectory of the market is supported by a handful of factors some of which are expected rise in the production rate of key programs, increasing aircraft fleet size, and increasing number of lights in the modern aircraft.

    Astronics, Honeywell, Safran S.A., Collins Aerospace, Diehl, Luminator Technology Group, and Cobham are the leading players in the aircraft lighting market. Most of the major players differentiate themselves in several deciding factors some of which are product depth, technology, pricing, etc.

    North America is estimated to remain dominant in the aircraft lighting market in the foreseen future with the presence of giant aircraft OEMs, such as Boeing (USA), Lockheed Martin (USA), Bell Helicopter (USA), Sikorsky Aircraft (USA), and Bombardier (Canada) in the region.

    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 regions market dynamics.

    The interior lighting segment is likely to maintain its dominance in the market in the next five years due to the growing focus on providing a better aesthetical appearance in the cabin area to enhance the mood and experience of passengers.

    •   

      Why are We Class Apart?

      No One Does Better in Aerospace Market Research Than Us

      Largest Number of Premium Studies in Aerospace Industry

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across Aerospace Value Chain

      Track the Latest Trends in Aerospace Industry

      Know High Growth Opportunities