Lighting plays an important role in an aircraft to provide illumination for the pilot. Lighting system further improves the aesthetic appearance of both interior and exterior of the aircraft and correspondingly increases the conspicuity of the aircraft. In addition, exterior lighting system deployed in aircraft helps the pilot to get improved visibility of the surrounding, whereas interior lightings help to illuminate the interior of the aircraft, thus offering a greater visibility to the passengers onboard. Lighting comprises signaling devices as well as other display devices, thus helping the passengers in an efficient way to display various safety and security features in an aircraft. The aircraft lighting market has witnessed significant growth over the years, owing to increase in trend of advanced lightings to be installed in aircraft.
The growth of the global aircraft lighting market is driven by volumetric A surge in the aviation sector and the introduction of new aircraft, which are equipped with latest technologies. Moreover, an increase in the requirement for advanced aircraft globally has led to the development and production of better and efficient lighting system.
The global aircraft lighting market is segmented into interior light, exterior light, aircraft application, light type, and region. Depending on interior light, the market is categorized into emergency lights, specialty lights, wash lights, reading lights, and lavatory lights. By exterior light, it is segregated into aircraft visibility lights, pilot lights, and specific purpose lights. According to aircraft type, it is differentiated into commercial, business jets, military, and helicopters. As per light type, it is bifurcated into fluorescent light and LEDs. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the aircraft lighting market include Aeroleds, Astronics Corporation, Beadlight Limited, Bruce Aerospace, Cobham PLC, Heads Up Technologies, Honeywell International Inc., Madelec Aero, Safran, and Whelen Aerospace Technologies.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
BY Interior Light
BY Exterior Light
BY Aircraft Application
BY Light Type
By Region
KEY PLAYERS
The growth of the global aircraft lighting market is driven by volumetric A surge in the aviation sector and the introduction of new aircraft, which are equipped with latest technologies. Moreover, an increase in the requirement for advanced aircraft globally has led to the development and production of better and efficient lighting system.
The global aircraft lighting market is segmented into interior light, exterior light, aircraft application, light type, and region. Depending on interior light, the market is categorized into emergency lights, specialty lights, wash lights, reading lights, and lavatory lights. By exterior light, it is segregated into aircraft visibility lights, pilot lights, and specific purpose lights. According to aircraft type, it is differentiated into commercial, business jets, military, and helicopters. As per light type, it is bifurcated into fluorescent light and LEDs. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the aircraft lighting market include Aeroleds, Astronics Corporation, Beadlight Limited, Bruce Aerospace, Cobham PLC, Heads Up Technologies, Honeywell International Inc., Madelec Aero, Safran, and Whelen Aerospace Technologies.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global aircraft lighting market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
BY Interior Light
- Emergency Lights
- Specialty Lights
- Wash Lights
- Reading Lights
- Lavatory Lights
BY Exterior Light
- Aircraft Visibility Lights
- Pilot Lights
- Specific Purpose Lights
BY Aircraft Application
- Commercial
- Business Jets
- Military
- Helicopters
BY Light Type
- LED
- Fluorescent
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Aeroleds
- Astronics Corporation
- Beadlight Limited
- Bruce Aerospace
- Cobham PLC
- Heads Up Technologies
- Honeywell International Inc.
- Madelec Aero
- Safran
- Whelen Aerospace Technologies
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Aircraft Lighting Market, by Interior Lighting
Chapter 5: Aircraft Lighting Market, by Exterior Lighting
Chapter 6: Aircraft Lighting Market, by Aircraft Type
Chapter 7: Aircraft Lighting Market, by Light Type
Chapter 8: Aircraft Lighting Market, by Region
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'Aircraft Lighting Market by Interior Light, Exterior Light, Aircraft Application, and Light Type: Opportunity Analysis and Industry Forecast, 2020-2027' the global aircraft lighting market was valued at $1.4 billion in 2019, and is projected to reach $2.0 billion by 2027, registering a CAGR of 4.7%.North America dominates the market in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global aircraft lighting market share in 2019, and is expected to grow at a significant rate during the forecast period, due to increase in demand for aircraft equipped with advanced lightings.
Aircraft equipped with lights are used for navigation, safety, and to offer enhanced visibility within the aircraft when in flight mode or when taxing on ground. Lightings used in an aircraft are categorized into interior lights and exterior lights, which have different operations such as they offer visibility to the pilots and passengers on board and are used while informing passengers about the safety features.
Increase in deployment of lighting systems in aircraft to aesthetically enhance the interior and exterior of aircraft and correspondingly increase the conspicuity of aircraft. Lighting comprises signaling devices as well as other display devices, which help passengers in an efficient way by informing them about safety guidelines such as usage of seat belts, oxygen masks, and fire-resistant cushion.. These lightings are mounted indifferent locations in the aircraft, which are categorized into interior lightings and exterior lightings. Traditionally, incandescent lights were used in aircraft, however, with the introduction of LEDs, consumer preference has shifted toward installing LEDs to provide better illumination, thereby augmenting the growth of the global market.
By interior light, the market is categorized into emergency lights, specialty lights, wash lights, reading lights, and lavatory lights. The wash lights and reading lights accounted for the highest revenue in 2019, owing to high adoption of wash lights, as they illuminate the interior of the aircraft to offer enhanced visibility to passengers along with the availability of wide product portfolio from key market players. However, the reading lights segment is anticipated to witness the highest CAGR of 5.0% during the forecast period, owing to increase in demand for brighter lights to be used in aircraft, thus providing better experience to passenger while reading books or using devices.
On the basis of aircraft application, the aircraft lighting market is segregated into commercial, business jets, military, and helicopters. The commercial segment accounted for over 43% market share in 2019, and is anticipated to lead the market during the forecast period, owing to surge in demand and production of advanced commercial aircraft across the globe followed by business jets.
Factors such as increase in aircraft demand and shift in preference from incandescent lights to LED lights are expected to drive the growth of the global aircraft lighting market. However, high cost of LEDs and delayed delivery of aircraft are expected to restrain the growth of the market during the forecast period. Conversely, surge in demand for lightweight aircraft components is expected to offer potential opportunities for the global aircraft lighting market during the forecast period.
Key Findings of the Study:
By interior light, the reading light segment is expected to register a significant growth during the forecast period.
Depending on exterior light, the aircraft visibility light segment is anticipated to exhibit significant growth in the near future.
On the basis of aircraft application, the business jets segment is projected to lead the global aircraft lighting market owing to higher CAGR as compared to other aircrafts.
North America is anticipated to register the highest CAGR.
The key players analyzed in this report are Aeroleds, Astronics Corporation, Beadlight Limited, Bruce Aerospace, Cobham PLC, Heads Up Technologies, Honeywell International Inc., Madelec Aero, Safran, and Whelen Aerospace Technologies.
Companies Mentioned
- Aeroleds
- Astronics Corporation
- Beadlight Limited
- Bruce Aerospace
- Cobham PLC
- Heads Up Technologies
- Honeywell International Inc.
- Madelec Aero
- Safran
- Whelen Aerospace
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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