Aircraft Lighting Systems Market By Position (Interior Lighting, Exterior Lighting), By Platform (Commercial Aircraft, General Aviation and Private Aircraft, Freighter Aircraft), By Lighting Type (LED, OLED, Photo Luminescent, Others), By End Use (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020-2030
The aircraft lighting system is referred to as the exterior as well as the interior lighting of an aircraft that are used to several operations during the course of flight. Internal lighting systems are used for passenger comfort and guidance, cockpit luminesce, staff luminance and baggage luminance. Exterior aircraft lighting is used for better visibility of pilot, aircraft navigation, and to avoid midair collision during operations in low visibility. Introduction of LED lights has brought a notable business disruption in the aircraft lighting system market. Low cost of manufacturing and long lifespan has led aircraft operators to incline toward LED lighting systems.
The report includes study of the global aircraft lighting system market that focuses on business positioning of interior and exterior aircraft lighting system. The end user within the market include original equipment manufacturers (OEM) and after market players. OEMs are aligned with aircraft manufacturers and majorly engage in business to business (B2B) business operations whereas aftermarket players engage in business to customer (B2C) business operations. The regulatory landscape within the aircraft lighting system market also plays a major role for growth of the market.
Factors such as revival of the aviation industry and increase in air traffic in metropolitan locations is expected to supplement growth of the aircraft lighting system market. The total number of passengers across the globe has reached 47% of the pre-covid level and is expected to reach 83% by the end of 2022. The total number of passenger as of 2024 is expected to reach 4 billion, exceeding the pre-covid situation. Customized lighting systems offered by industry players to cater to unique demands of customers have emerged as a unique strategic initiative practiced by industry players to increase their market share. The trend of customization is largely noticed in the interior segment of private jets. Rise in acquisition of private jets by business tycoons and ultra-reach individuals across the globe supports business opportunities in the aircraft lighting system market as well.
The global aircraft lighting system market is segmented on the basis of position, platform, lighting type, end use, and region. By position, it is divided into interior lighting and exterior lighting. By platform, the market is classified into commercial aircraft, general aviation and private aircraft, and freighter aircraft. The lighting type segment is divided into LED, OLED, photoluminescent, and others. By end use, it is segmented into original equipment manufacturer (OEM) and aftermarket. By region, the market is analyzed across North, Europe, Asia-Pacific, and LAMEA.
Key players operating in the aircraft lighting system market are Astronics Corporation, Cobham Aerospace Communications, Collins Aerospace, Diehl Stiftung & Co. KG, Geltronix, Hoffman Engineering, Honeywell International Inc., Luminator Aerospace, Safran, STG Aerospace Limited.
KEY BENEFITS FOR STAKEHOLDERS
This study presents the analytical depiction of the global aircraft lighting system market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall aircraft lighting system market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global aircraft lighting system market with a detailed impact analysis.
The current aircraft lighting system market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Position
Interior Lighting
Exterior Lighting
By Platform
Commercial Aircraft
General Aviation and Private Aircraft
Freighter Aircraft
By Lighting Type
LED
OLED
Photo Luminescent
Others
By End Use
OEM
Aftermarket
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Singapore
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Astronics Corporation
Cobham Aerospace Communications
Collins Aerospace
Diehl Stiftung & Co. KG
Geltronix
Hoffman Engineering
Honeywell International Inc.
Luminator Aerospace
safran
STG Aerospace Limited
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