The aircraft lighting market is projected to grow from an estimated USD 2.25 billion in 2017 to USD 2.94 billion by 2022, at a CAGR of 5.48% during the forecast period. This growth can be attributed to factors, such as increased demand for interior light systems, as most of the airlines are upgrading their cabin interiors to increase efficiency and provide better service to passengers. However, lack of profitable airlines in emerging economies are expected to restrain the growth of this market.
Based on fit, the OEM segment is projected to account for the largest share in the aircraft lighting market during the forecast period
Based on the fit, the OEM segment is estimated to account for the largest share in the aircraft lighting market in 2017. The OEM phase is one of the crucial phases of the aircraft lighting market, as post-delivery, retrofit modification is cumbersome for airlines. Most aircraft light providers offer the line fit option, as it is easier to customize the aircraft light according to the airline's requirement before the aircraft is delivered.
North America is estimated to account for the largest share in the aircraft lighting market in 2017 and the Asia Pacific is projected to grow at the highest CAGR during the forecast period
North America is estimated to account for the largest share in the aircraft lighting market in 2017. Major aircraft manufacturers, such as Boeing (US), Lockheed Martin (US), Bombardier (Canada), Bell Helicopter (US), Sikorsky Aircraft (US), BAE Systems (UK), The Raytheon Company (US), and General Dynamics (US), among others, are based in this region, and thus generate high demand for aircraft lights. North America is projected to lead the aircraft lighting market during the forecast period, in terms of market share. Moreover, the Asia Pacific aircraft lighting market is projected to grow at the highest CAGR during the forecast period, owing to emerging aircraft manufacturers, such as COMAC (China), and Mitsubishi Aircraft (Japan), among others. Furthermore, the Asia Pacific market has witnessed strong growth in the past few years, mainly due to the rising air passenger traffic. The growth in air passenger traffic has resulted in the increased demand for aircraft lights, and this trend is expected to continue over the next five years.
Break-up of profile of primary participants in the aircraft lighting market:
• By Company Type - Tier 1 – 30%, Tier 2 – 35%, and Tier 3 – 35%
• By Designation – C Level – 32%, Director Level – 38%, and Others – 30%
• By Region – North America - 46%, Europe – 18%, Asia Pacific – 27%, and RoW – 9%
Major companies profiled in the report include Zodiac Aerospace (France), Cobham (UK), Diehl Stiftung & Co. KG (Germany), and Honeywell (US), among others.
Research Coverage:
This research report categorizes the aircraft lighting market on the basis of light type {interior light (reading light, ceiling and wall lights, signage light, floor path strips, and lavatory lights) and exterior light (position lights, landing lights, wing & engine inspection lights, runway turn off lights, logo light, anti-collision lights, cargo and service lights, emergency lights and takeoff lights)}, aircraft type {commercial aviation (narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft), military aviation (fighter jet, military helicopter) and business aviation (business jets, ultralight aircraft)}, platform (fixed wing and rotary wing), fit (OEM, aftermarket and MRO), and system (passenger service unit and cockpit control unit). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analyses —industry analysis (industry trends), market share analysis of top players, competitive leadership mapping matrix, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments in the aircraft lighting market, high-growth regions, and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on aircraft lighting offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the aircraft lighting market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the aircraft lighting market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aircraft lighting market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the aircraft lighting market
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