Aircraft Lighting Global Market Report 2024

“Aircraft Lighting Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aircraft lighting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for aircraft lighting? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aircraft lighting market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Aircraft Type: Narrow-Body Aircraft; Wide-Body Aircraft; Helicopter; Military Aircraft; Regional Aircraft; Business Jets
• 2) By Technology Type: Light-Emitting Diode (LED); Fluorescent; Other Technologies
• 3) By Installation Type: Line-Fit; Retrofit
• 4) By End-Users: Original Equipment Manufacturer (OEM); Aftermarket; Maintenance, Repair And Operations (MRO)
• Companies Mentioned: Astronics Corporation; Bruce Aerospace Inc.; Cobham Limited; Diehl Stiftung & Co. KG; Honeywell International Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Aircraft lighting encompasses a system that incorporates both internal and external lights, serving diverse functions such as enhancing visibility during critical flight phases, aiding in the identification of an aircraft's location, and indicating its direction of flight. This lighting is crucial for improving aircraft visibility to other aircraft and providing illumination for various purposes.

Key lighting technologies employed in aircraft include Light-Emitting Diode (LED), fluorescent, and others. LEDs, being semiconductor devices, emit visible or infrared light when an electric current passes through them. They play a vital role in collision avoidance measures, making tall structures more visible to aircraft during their passage. Aircraft types, including narrow-body and wide-body aircraft, helicopters, military aircraft, regional aircraft, and business jets, utilize lighting systems integrated during manufacturing (line-fit) or added later (retrofit). End-users of these lighting systems encompass Original Equipment Manufacturers (OEM), aftermarket services, and Maintenance, Repair, and Operations (MRO).

The aircraft lighting market research report is one of a series of new reports from The Business Research Company that provides, aircraft lighting market statistics, including, clock buffer industry global market size, regional shares, competitors with an aircraft lighting market share, detailed, aircraft lighting market segments, market trends and opportunities, and any further data you may need to thrive in the clock buffer industry. This aircraft lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft lighting market size has grown strongly in recent years. It will grow from $1.54 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth observed in the historic period can be attributed to factors such as a heightened emphasis on improved aesthetics and customization in aircraft lighting, initiatives to reduce weight, innovations in cockpit lighting, and a dedicated focus on enhancing passenger comfort.

The aircraft lighting market size is expected to see strong growth in the next few years. It will grow to $2.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the forecast period can be attributed to the expansion of aircraft fleets, increased adoption of OLED and advanced lighting materials, innovations in mood lighting, integration of smart lighting controls, and compliance with regulatory and safety standards. Major trends in the forecast period include the adoption of LED technology, emphasis on customization and cabin ambiance, adherence to regulatory requirements, initiatives for weight reduction, and ongoing technological advancements.

The aircraft lighting market is poised for significant growth, largely driven by the increasing adoption of advanced LED lighting technology. LEDs, semiconductor devices emitting visible or infrared light upon electrical current passage, play a crucial role in aviation safety, aiding collision avoidance and enhancing visibility in adverse weather conditions or at night. Notably, global LED lighting sales surged from 42% in 2019 to 48% in 2021, a trend projected to reach 99% by 2030, as reported by the International Energy Agency (IEA). This uptick in advanced LED usage underscores its pivotal role in driving the aircraft lighting market's expansion.

The continuous surge in air passenger traffic emerges as a key catalyst propelling the growth trajectory of the aircraft lighting market. Air passenger traffic, an essential metric reflecting the demand and operational landscape within the aviation industry, drives ongoing advancements in lighting technology and design. Emphasis lies on enhancing passenger experience, safety, and energy efficiency. According to the International Air Transport Association (IATA) statistics from February 2023, total air traffic surged by 64.4% from 2021 to 2022, reaching 68.5% of pre-pandemic levels in 2019. The robust growth in December 2022, marking a 39.7% increase over December 2021, demonstrates a substantial recovery, propelling the aircraft lighting market in tandem with increased passenger traffic.

An influential trend shaping the aircraft lighting market revolves around product innovation, as major industry players focus on developing cutting-edge solutions to fortify their market positioning. In a notable move in June 2022, Collins Aerospace, a prominent US-based company specializing in aerospace and defense solutions, unveiled the Hypergamut Lighting System. This comprehensive cabin lighting system, synced with real-time flight data, offers predictive and autonomous functionality. The system optimizes colors to enhance the appearance of materials, food, and fixtures, while also incorporating biological cues to mitigate passenger jetlag. This innovative product underscores a pivotal leap in aircraft lighting technology, emphasizing functionality, aesthetics, and passenger well-being to cement market leadership.

Prominent players in the aircraft lighting market are strategically engaging in partnerships to introduce cutting-edge OLED technology into the aviation sector. These strategic partnerships involve leveraging mutual strengths and resources for collective benefits and success. Notably, in May 2022, Astronics Corporation, a US-based provider of aircraft lighting systems, unveiled a collaboration with LG Display, a South Korea-based leader in OLED and flexible display manufacturing. This alliance empowers Astronics to leverage LG Display's extensive range of top-notch OLED displays while benefiting from technical development support and integration expertise from LG Display's engineering capabilities. The successful partnership has resulted in the joint design and supply of over 100 aviation-qualified 4K OLED devices, marking a significant advancement in aerospace display technology.

In August 2022, Heads-Up Technologies Inc., a key US-based manufacturer specializing in lighting systems, made a strategic move by acquiring STG Aerospace Limited for an undisclosed sum. This acquisition underscores Heads-Up Technologies' strategic vision to operate with a heightened level of autonomy, capitalizing on its robust brand and highly skilled team while expanding its presence in the global aviation market. STG Aerospace Limited, a UK-based company renowned for its aircraft cabin lighting solutions encompassing LED cabin lighting and photoluminescent floor path technology, aligns seamlessly with Heads-Up Technologies' objective to diversify and fortify its position in the aviation lighting sector through this strategic acquisition.

Major companies operating in the aircraft lighting market report are Astronics Corporation, Bruce Aerospace Inc., Cobham Limited, Diehl Stiftung & Co. KG, Honeywell International Inc., Luminator Technology Group, Collins Aerospace, STG Aerospace Limited, Safran SA, Embraer SA, Oxley Group, Heads Up Technologies Inc., Soderberg Manufacturing Company Inc., Whelen Aerospace Technologies, Precise Flight Inc., In-Flight Entertainment, Eaton Corporation, Airbus SE, The Boeing Company, GE Aviation, B/E Aerospace, United Technologies Corporation, Aveo Engineering Group s.r.o, AeroLEDs LLC, Oxley Developments Company Ltd., Flight Light Inc., Aero Dynamix Inc., Oxley Inc., Rockwell Collins Aerospace, Satair AS .

North America was the largest region in the aircraft lighting market in 2023. The regions covered in the aircraft lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the aircraft lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The aircraft lighting market consists of sales of interior lights, signage lights, ceiling and wall lights, floor path lighting, reading lights, lavatory lights, emergency lights, and navigation lights. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.