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Aircraft Lighting - Global Market Trajectory & Analytics

  • ID: 4805154
  • Report
  • April 2021
  • Region: Global
  • 372 Pages
  • Global Industry Analysts, Inc
Global Aircraft Lighting Market to Reach $3.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Lighting estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$3.1 Billion by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027. Commercial, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Military segment is readjusted to a revised 3.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $649.2 Million, While China is Forecast to Grow at 7% CAGR

The Aircraft Lighting market in the U.S. is estimated at US$649.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$673.4 Million by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.

Business Segment to Record 3.6% CAGR

In the global Business segment, USA, Canada, Japan, China and Europe will drive the 3.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$468.6 Million in the year 2020 will reach a projected size of US$580.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$444.9 Million by the year 2027, while Latin America will expand at a 4.6% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • Astronics Corp.
  • Cobham PLC
  • Diehl Stiftung & Co. KG
  • Heads Up Technologies, Inc.
  • Honeywell International, Inc.
  • Luminator Technology Group
  • Oxley Group
  • Soderberg Manufacturing Company, Inc.
  • STG Aerospace Ltd.
  • United Technologies Corporation (UTC)
Frequently Asked Questions about the Global Market for Aircraft Lighting

What is the estimated value of the Global Market for Aircraft Lighting?

The Global Market for Aircraft Lighting was estimated to be valued at $2.4 Billion in 2020.

What is the growth rate of the Global Market for Aircraft Lighting?

The growth rate of the Global Market for Aircraft Lighting is 3.7%, with an estimated value of $3.1 Billion by 2027.

What is the forecasted size of the Global Market for Aircraft Lighting?

The Global Market for Aircraft Lighting is estimated to be worth $3.1 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Aircraft Lighting: An Introductory Prelude
  • Bright Prospects Ahead for Aircraft Lighting Market
  • Prevailing Scenario in the World Aerospace Industry Poised to Instigate Stellar Growth
  • Ongoing Expansion in Commercial Airline Fleet Size Points Towards Robust Market Potential
  • Growing Passenger & Cargo Traffic Spurs the Need for New Aircraft
  • Progressive Momentum in Business Jet Segment Amplifies Opportunities
  • Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
  • Surging Orders for Sophisticated UAVs
  • Impact of Covid-19 and a Looming Global Recession
  • Aircraft Exterior Lighting: Guided by Visibility Requirements
  • Growth & Progress Remain Robust by Dint of Critical Importance of Light Signals in Flight Operations
  • Interior Lighting Segment Carries Massive Growth Momentum
  • Modern Cabin Lighting Designs Fully Acknowledge Hyper-Personalization Needs of Today’s Passengers
  • Sophisticated Solutions Come to Fore Acknowledging the Vital Role of Cockpit Lighting in Night Flying Operations
  • With Red Eye Flight Concept Catching Up Among Airliners Worldwide, Advanced Cockpit Lighting Solutions Set to Make Big Gains
  • Impact on Pilot’s Night Vision: A Concern to be Addressed with Cockpit Lighting
  • LED Lighting Makes Big Splash in the Aircraft Lighting Domain
  • LED Quickly Emerges as the Mainstay in Cabin Lighting Systems
  • Senses Robust Opportunities in Exterior Applications as well
  • LED Landing Lights
  • Fiber Optics Seeks Role in Aircraft Lighting Applications
  • Emphasis on Transforming Aircraft On-Board Systems into Fiber Optic Systems Adds Teeth to Fiber Optic Lighting
  • Military Aircraft Lighting
  • UAV Lighting: New Growth Vertical
  • Covert Lighting Creates Compatible Environment for Pilots with Night Vision Goggles
  • Regulatory Emphasis on Lighting & Illumination Pushes the Boundaries for Aircraft Lighting
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
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