Aircraft Lighting Market Worth $2,018.51 Million by 2020, According to a New Study on ASDReports

Wednesday 17 September 2014, Amsterdam

According to a new market research report, now available on ASDReports, "Commercial Aircraft  Lighting Market by Technology (LED, OLED, Custom Controlled Light, Photoluminescent Light), Geography (Asia-Pacific, Europe, Middle East-Africa, North America, Latin America), & by Aircraft Type (NB,WB,VLA and RTA) – Forecasts & Analysis (2014 - 2020)", The market is estimated to be at $1469.50 Million in 2014, and is expected to grow with a CAGR of 5.43% to reach $2,018.51 Million by 2020.

The report provides market analysis of the aircraft lighting market for the next six years. It explains market and technology trends to gain competitive market intelligence. The market share of the leading companies in this market has been covered under competitive analysis. The impact of drivers and restraints has been analyzed and their impact on this market has been listed to provide an in-depth insight of the market.

This research report segments the market on the basis of aircraft type, product type, technology, geography, forecast revenues, market share, and analyzing trends in each of the sub-segments. The company profile chapter provides overview, financial position, key products, strategies, and developments of top companies in this market.

The aircraft lighting market is segmented on the basis of aircraft type, product, and technology. The products include exterior lights and interior lights. The market is segmented into LED, OLED, custom controlled lights, and photoluminescent by technology type.  The types of aircraft covered in this report include Very Light Aircraft (VLA), Wide Body (WB) aircraft, Narrow Body (NB) aircraft, and Regional Transport aircraft (RTA).

The aircraft lighting market is estimated to grow at a CAGR of 5.43%, to reach $2,018.51 million by 2020. Reading lights have been assumed to be the maximum revenue generator among different types of lights used in the aircraft lighting. Aircraft now feature smarter LED lighting systems for benefits such as low power consumption, increased efficiency and better control. Increase in air travel and enhancement in passengers experience drive the market.  Narrow body aircraft show the highest business potential throughout the study period.

The industry is witnessing new entrants from emerging economies in the narrow body segment. These, in turn, are acting as a boon for aircraft component manufacturers. The Airbus A320 family and Boeing 737 are significant aircraft in today’s aviation network.

The aircraft lighting market report provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of major companies in the industry, and other key news. It provides information about the leading competitors in this market.

The leading players in aircraft lighting market include B/E Aerospace Inc., Goodrich Corporation, Diehl Aerosystems, Zodiac Aerospace, EMTEQ, Luminator Technology Group, Astronics Corporation, Honeywell International, and Cobham Plc.