According to Market Study Report, Aircraft Lighting Market provides a comprehensive analysis of the Aircraft Lighting Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.
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The Aircraft Lighting Market is projected to grow from USD 826 Million in 2020 to USD 1,987 Million by 2030, at a CAGR of 9.2% during the forecast period.
Top Key Players Profiled in the Aircraft Lighting Market:
- Astronics (US)
- Cobham (US)
- Diehl Stiftung (Germany)
- Heads Up Technologies (US)
- Honeywell (US)
- Luminator Technology Group (US)
- Oxley Group (UK)
- Collins Aerospace (US)
- Soderberg Manufacturing Company (US)
- STG Aerospace (UK)
- SELA (France)
- Bruce Aerospace (US)
- Precise Flight Inc. (US)
- AeroLeds (US)
- Whelen Aerospace Technologies (US)
- Hoffman Engineering (US)
- Madelec Aero (France)
- IFE Products (US)
- Talon Aerospace (US)
- Beadlight Limited (UK)
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”The aftermarket segment is estimated to account for a larger share of the market in 2020”
Based on end user, the aftermarket segment is estimated to account for the largest share of the overall market in 2019. The aircraft lighting OEM segment is projected to grow at a higher CAGR during the forecast period, owing to increasing deployment of new LED lights with the objective of reducing operational costs and enhancing passenger experience as well as comfort.
”The interior lights segment estimated to account for a larger share in 2020“
Interior lights include reading lights, ceiling and wall lights, signage, floor path lighting strips, and lavatory lights, among others. Airlines are focusing on deploying multi-color interior lighting, to create an ambiance as per passenger’s mood.
“North America is estimated to lead the aircraft lighting market in 2020”
The aircraft industry in North America has witnessed a strong growth in the past few years. It is one of the most profitable industries in the region. The high demand for aircraft lighting products in North America can be attributed to the presence of major aircraft manufacturers such as Honeywell International (US) and Collins Aerospace (US) in the region.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%
- By Regin: North America – 45%, Europe – 20%, Asia Pacific – 30%, Rest of the World – 5%