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Aircraft Lighting - Global Market Trajectory & Analytics

  • ID: 4805154
  • Report
  • September 2020
  • Region: Global
  • 372 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • AI
  • ASTRONICS CORPORATION
  • COBHAM PLC
  • DIEHL STIFTUNG & CO. KG
  • HEADS UP TECHNOLOGIES
  • HONEYWELL INTERNATIONAL
  • MORE
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. We bring years of research experience to this 7th edition of our report. The 372-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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)
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AI
  • ASTRONICS CORPORATION
  • COBHAM PLC
  • DIEHL STIFTUNG & CO. KG
  • HEADS UP TECHNOLOGIES
  • HONEYWELL INTERNATIONAL
  • MORE
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • 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
  • Global Competitor Market Shares
  • Aircraft Lighting Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • 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
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Aircraft Lighting Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
CANADA

JAPAN

CHINA

EUROPE
  • Market Facts & Figures
  • European Aircraft Lighting Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
  • ASTRONICS CORPORATION
  • COBHAM PLC
  • DIEHL STIFTUNG & CO. KG
  • HEADS UP TECHNOLOGIES
  • HONEYWELL INTERNATIONAL
  • LUMINATOR TECHNOLOGY GROUP
  • OXLEY GROUP
  • STG AEROSPACE
  • SODERBERG MANUFACTURING COMPANY
  • UNITED TECHNOLOGIES CORPORATION
  • AI
Note: Product cover images may vary from those shown
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