Global Aircraft Lighting Market; By End User (OEM and Aftermarket); By Light Type (Interior Lights and Exterior Lights); By Aircraft Type (Commercial Aviation, Military Aviation, Business Jets & General Aviation and Helicopters) and By Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Aircraft illumination is a critical part of the structure of aviation. It provides for aircraft operation safety, visibility, and accurate navigation. Various technology-based developments have been accomplished which improve performance and fuel efficiency. These lights give pilots in the cockpit good vision to avoid the collision and to rectify the course under harsh climatic conditions. The aircraft lighting plays a valuable role in signaling ground personnel during takeoff and landing. New aircraft lighting systems have revolutionary working design that saves fuel and reduces power consumption. These lighting systems are divided into two segments: aircraft lighting at the interior and exterior.
Aircraft Lighting Market Aircraft market registered a growth of USD XXX billion in 2019 and is expected to grow at a CAGR of XX% till 2030. Use of energy efficient aircraft lights, efficient lighting alternative and growth in aircraft deliveries are factors increasing the growth of the aircraft lighting market. Increased advancements in aircrafts and introduction of aircraft modernization programs across the globe also increase the growth of aircraft lighting market.
Aircraft Lighting Market: Segments
Global Aircraft Lighting Market Aircraft market has been segmented on the basis of end user, light type, aircraft type and region.
The OEM segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
By end user type the global Aircraft Lighting Market is segmented into Original Equipment Manufacturer (OEM) and Aftermarket. The Asia Pacific area has seen a significant rise in demand for single-aisle aircraft. OEMs offer products for lighting which can be customized to suit the airline’s ambiance. Growing aircraft deliveries, and growing airlines emphasis on implementing customized lighting to improve passenger comfort, are projected to boost OEM segment development.
Aircraft Lighting Market: Drivers and Restraints
Use of energy efficient aircraft lights and aircraft delivery growth to increase market for aircraft lighting
Use of energy efficient aircraft lights, efficient lighting alternative and growth in aircraft deliveries are factors increasing the growth of the aircraft lighting market. Increased advancements in aircrafts and introduction of aircraft modernization programs across the globe also increase the growth of aircraft lighting market.
Economic uncertainty and delays in aircraft deliveries to restraint the growth of the Aircraft lighting market
Global economic uncertainty acts as a restraint in the global aircraft lighting market. Factors such as delays in aircraft deliveries and a decline in airline profitability in developing regions are also hampering market growth.
Aircraft Lighting Market: Regions
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.
North America is expected to hold highest CAGR and dominate the region segment owing to the high demand for air travel and enhance flight experience. The increased passenger traffic in the area is expected to lead to an increase in aircraft orders, which, in turn, is anticipated to increase the demand for aircraft lights. Furthermore, the high demand for aircraft lighting products in North America can also be due to the presence of major key players in the region. Additionally huge demand from aircraft OEMs and airlines for highly efficient LED lights is also said to reduce carbon emissions in the region thereby propelling the market growth.
Aircraft Lighting Market: Key Players
- Heads Up Technologies
- ·Company Overview
- ·Business Strategy
- ·Key Product Offerings
- ·Financial Performance
- ·Key Performance Indicators
- ·Risk Analysis
- ·Recent Development
- ·Regional Presence
- ·SWOT Analysis
- Diehl Stiftung
- Luminator Technology Group
- Oxley Group
- Collins Aerospace
- Soderberg Manufacturing Company
- Other prominent players
Aircraft Lighting market report also contains analysis on:
- Aircraft Lighting Market Segments:
- By End User
- By Light Type
- ·Interior Lights
- ·Exterior Lights
- By Aircraft Type
- ·Commercial Aviation
- ·Military Aviation
- ·Business Jets & General Aviation
- Aircraft Lighting Market Dynamics
- Aircraft Lighting Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints