Aircraft Lighting Market is Forecasted to Reach US$ 1.3 Billion in 2028, Says Stratview Research

The global aircraft lighting market is projected to witness a growth rate of 10.2% annually from 2023 to 2028, with an anticipated size of US$ 1.3 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft lighting market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights

Segment Insights on the Aircraft Lighting Market:

The report dives deep into the segmentation of the Aircraft Lighting market based on critical parameters:

Based on Lighting Type – 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.

Based on Aircraft Type: 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, the B737Max and A320neo families are likely to be the forerunners. However, the significance of C919 and A220 cannot be ignored, with both aircraft securing a healthy share of the total market demand in the long run.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

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 is 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 a 45% share of global aircraft deliveries over the same period.

Aircraft Lighting Market Drivers:

Some of the key drivers listed in the report are given below.

• Rise in air travel is driving demand for modern, energy-efficient aircraft lighting systems.
• Increased production of commercial aircraft boosts the need for advanced lighting solutions.
• Emphasis on passenger experience accelerates the adoption of ambient and mood lighting technologies.
• Technological advancements such as LED and OLED integration enhance performance and fuel efficiency.
• Strict safety regulations mandate improved visibility and emergency lighting systems in aircraft.

Top Companies in the Aircraft Lighting Market:

The global market for Aircraft Lighting is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

-          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.

Note: The above list does not necessarily include all the top players in the market.

What Deliverables Will You Get in this Report?

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About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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