Aircraft Lighting Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aircraft Lighting Market
The aircraft lighting market size was valued at USD 2.50 billion in 2023, and the market is now projected to grow from USD 2.75 billion in 2024 to USD 5.20 billion by 2032, exhibiting a CAGR of 9.58% during the forecast period of 2023-2030.
The market for aircraft lighting experienced negative effects of COVID-19 mainly through the decrease in airline services requirements and production delay due to the pandemic. With airlines pulling back their operations, the need for purchasing new planes and retrofit projects dropped, which altered the market demands for aircraft lighting systems. Furthermore, the industry was hit by supply chain disruptions and manufacturing constraints which also affected market development. However, due to the recovery of aviation sector driven by vaccination campaign and removal of the travel barriers, the market is forecasted for a rebound.
The aircraft lighting market has been growing fast which is based on several factors. The development of LED technology has brought upon more efficient and reliable lighting solutions that reduce the operational costs of airlines. Additionally, the increasing number of modern aircraft with improved interior lighting systems for passenger comfort is another factor contributing to Aircraft lighting market growth. Moreover, tighter regulations concerning aircraft safety and clarity are increasingly endorsing smart solutions involving the use of lighting. The advent of intelligent lighting systems that are characterized by improved control and energy efficiency adds to the market expansion.
The aircraft lighting market demonstrates continually increasing demand, which is constantly driven by new technology in LED usage to ensure safety, energy efficiency, and aesthetics. The trend about cabin ambiance lighting is being shifted towards personalized lighting effects for passengers. Manufacturers are incorporating intelligent lighting solutions to offer a variety of custom functionalities and comfort. In addition, sustainability goals are increasingly being aligned with the evolution of energy-efficient lighting.
Comprehensive Analysis of Aircraft Lighting Market
The aircraft lighting industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by aircraft type, and by lighting type. Based on aircraft type, market is divided fixed-wing and rotary-wing. Based on lighting type, market is divided into interior lights and exterior lights.
The North America holds leading position in aircraft lighting market share by benefitting a market size of USD 776.7 billion in 2023 due to developed aviation industry, local aircraft manufacturing producers and significant investments in R&D. The region also focuses on improving passenger experience and safety, which go hand in hand with adoption of advanced lighting systems in the aircraft cabins and cockpits.
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, Astronics Corporation (U.S.), Aveo Engineering Group s.r.o (Czech Republic), Bruce Aerospace (U.S.), Cobham plc (U.K.), Collins Aerospace (U.S.), Diehl Stiftung & Co. KG (Germany), Honeywell International Inc. (U.S.), Luminator Technology Group (U.S.), Oxley Group (U.K.), Safran (France), Soderberg Manufacturing Company (U.S.), STG Aerospace Limited (U.K.). These market players provide a level-playing competitive landscape.
June 2022: Collins Aerospace introduced its Hypergamut Lighting System that will be entering service in early 2024.
Segmentation Table
Global Aircraft Lighting Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 9.58% from 2024 to 2032
Unit Value (USD Billion)
Segmentation
By Aircraft Type
Fixed-Wing
Commercial Aircraft
Military Aircraft
Regional Jets
Business Jets and General Aviation
Rotary-Wing
Commercial Helicopter
Military Helicopter
By Lighting Type
Interior Lights
Signage Lights
Ceiling & Wall Lights
Floor Path Lighting
Reading Light
Lavatory Lights
Exterior Lights
Emergency Lights
Navigation Lights
Others
By Point of Sale
OEM
Aftermarket
By Country
North America (By Aircraft Type, Lighting Type, Point for Sale, and Country)
U.S. (By Lighting Type)
Canada (By Lighting Type)
Europe (By Aircraft Type, Lighting Type, Point for Sale, and Country)
U.K. (By Lighting Type)
Germany (By Lighting Type)
France (By Lighting Type)
Italy (By Lighting Type)
Asia Pacific (By Aircraft Type, Lighting Type, Point for Sale, and Country)
India (By Lighting Type)
China (By Lighting Type)
Japan (By Lighting Type)
Australia (By Lighting Type)
Middle East (By Aircraft Type, Lighting Type, Point for Sale, and Country)
Saudi Arabia (By Lighting Type)
UAE (By Lighting Type)
Rest of the World (By Aircraft Type, Lighting Type, Point for Sale, and Country)
Latin America (By Lighting Type)
Africa (By Lighting Type)
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