DUBLIN--(BUSINESS WIRE)--The "Aircraft Lighting Market by Aircraft Type (Commercial, Military, Business Jets & General Aviation, Helicopters), Light Source (LED, Fluorescent), Light Type (Interior Lights, Exterior Lights), End User (OEM, Aftermarket), Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The aircraft lighting market is projected to grow from USD 1.1 billion in 2019 to USD 2.1 billion by 2030, at a CAGR of 5.8% during the forecast period.
Increasing demand for an efficient alternative to incandescent lights across the globe is driving the market growth
An increase in aircraft orders across the globe and shift from incandescent lights to LED lights are the major factors driving the market for aircraft lighting. However, longer lifespan of LED lights is limiting the overall growth of the market.
Based on end-user, the aftermarket segment is estimated to account for a larger share of the market in 2019
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.
Based on light type, the interior lights segment estimated to account for a larger share in 2019
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-colour interior lighting, to create an ambience as per passenger's mood. The growing demand to enhance passenger experience and comfort are anticipated to fuel the growth of the interior lights segment.
North America is estimated to lead the aircraft lighting market in 2019
The aircraft industry in North America has witnessed 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. Increasing passenger traffic, demand for new aircraft, high demand for helicopters in civil and commercial applications, and the rapid replacement of traditional lights with advanced lighting solutions are other major factors driving the aircraft lighting OEM market in North America.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.3 Market Definition & Scope
2.1.4 Segments and Subsegments
2.1.5 Segment Definitions
2.2 Research Approach & Methodology
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.3 Pricing Analysis
2.3 Triangulation & Validation
2.3.1 Triangulation Through Secondary
2.3.2 Triangulation Through Primaries
2.4 Research Assumptions
2.4.1 Market Sizing
2.4.2 Market Forecasting
2.5 Risks
2.6 Others
2.6.1 Limitations/Grey Areas
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Aircraft Lighting Market
4.2 Aircraft Lighting Market, By End User
4.3 Aircraft Interior Lights Market, By Type
4.4 Aircraft Exterior Lights Market, By Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Opportunities
5.2.3 Challenges
6 Industry Trends
6.1 Introduction
6.2 Emerging Trends in Aircraft Lighting Market
6.2.1 Traditional Lighting Systems
6.2.2 Photoluminescent Lights
6.2.3 LED Lights
6.2.4 OLED Lights
6.2.5 Custom Controlled Lights
6.3 Fixed Wing Aircraft Light Requirements
6.4 Aircraft Light Installations
6.4.1 Fixed Wing Light Installations
6.4.2 Rotary Wing Light Installations
7 Aircraft Lighting Market, By End User
7.1 Introduction
7.2 Original Equipment Manufacturer (OEM)
7.3 Aftermarket
8 Aircraft Lighting Market, By Aircraft Type
8.1 Introduction
8.2 Commercial Aviation
8.3 Business Jets & General Aviation
8.4 Military Aviation
8.5 Helicopters
9 Aircraft Lighting Market, By Light Type
9.1 Introduction
9.2 Interior Lights
9.3 Exterior Lights
10 Aircraft Lighting Market, By Light Source
10.1 Introduction
10.2 LED
10.3 Fluorescent
11 Aircraft Lighting OEM Market, By Region
11.1 Introduction
11.2 North America
11.2.1 Us
11.2.2 Canada
11.3 Europe
11.4 Asia Pacific
11.5 Latin America
12 Aircraft Lighting Aftermarket, By Region
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 Middle East
12.6 Rest of the World
13 Competitive Landscape
13.1 Introduction
13.2 Competitive Leadership Mapping
13.2.1 Visionary Leaders
13.2.2 Innovators
13.2.3 Dynamic Differentiators
13.2.4 Emerging Companies
13.3 Ranking of Key Players, 2018
13.3.1 Winning Imperatives, By Key Players
13.4 Competitive Scenario
13.4.1 New Product Launches
13.4.2 Contracts
13.4.3 Acquisitions and Partnerships
14 Company Profiles
14.1 Astronics Corporation
14.2 Cobham PLC
14.3 Diehl Stiftung & Co. Kg
14.4 Heads Up Technologies
14.5 Honeywell International Inc
14.6 Safran
14.7 Luminator Technology Group
14.8 Oxley Group
14.9 Collins Aerospace (A United Technologies Company)
14.10 Soderberg Manufacturing Company Inc.
14.11 STG Aerospace Limited
14.12 Sela
14.13 Bruce Aerospace
14.14 Precise Flight, Inc.
14.15 Aeroleds
14.16 Whelen Aerospace Technologies
14.17 AGI Holdings LLC (Hoffman Engineering)
14.18 Madelec Aero
14.19 Ife Products
14.20 Talon Aerospace, LLC
14.21 Beadlight Limited
For more information about this report visit https://www.researchandmarkets.com/r/tw991j
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