The global aircraft lighting market size is set to gain impetus from the increasing demand for lightweight aircraft components. Various companies are therefore aiming to develop small-sized aviation lighting components. Fortune Business Insights™ provided this information in a new report, titled, “Aircraft Lighting Market Size, Share & COVID-19 Impact Analysis, By Aircraft Type (Fixed Wing (Commercial Aircraft, Military Aircraft, and Business Jets and General Aircraft), and Rotary Wing (Commercial Helicopter, and Military Helicopter)), By Lighting Type (Interior Lights (Signage lights, Ceiling & Wall Lights, Floor Path Lighting, Reading Light, and Lavatory lights), and Exterior Lights (Emergency Lights, Navigation Lights, and Others)), By Point of Sale (OEM, and Aftermarket), and Regional Forecast, 2020-2027.” The report further states that the aircraft lighting market size was USD 921.2 million in 2019 and is projected to reach USD 1,237.6 million by 2027, exhibiting a CAGR of 9.76% during the forecast period.
COVID-19 Pandemic: Declining Demand for Commercial Aircraft to Slow Down Growth
The COVID-19 pandemic has disrupted the supply chain of the aviation industry. Most of the aircraft manufacturing companies have not received new orders for commercial aircraft. The Boeing Company declared in September 2020 that it was unable to deliver around 145 commercial aircraft owing to this pandemic. These factors may obstruct growth.
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aircraft-lighting-market-104658
List of Top Companies Covered in Aircraft Lighting Market are:
- Astronics Corporation (The U.S.)
- Aveo Engineering Group s.r.o (Czechia)
- Bruce Aerospace (The U.S.)
- Cobham plc (The U.K.)
- Collins Aerospace (The U.S.)
- Diehl Stiftung & Co. KG (Germany)
- Honeywell International Inc. (The U.S.)
- Luminator Technology Group (The U.S.)
- Oxley Group (The U.K.)
- Safran (France)
- Soderberg Manufacturing Company (The U.S.)
- STG Aerospace Limited (The U.K.)
Drivers & Restraints-
Rising Adoption of LED Lights Owing to Their Beneficial Properties will Favor Growth
Nowadays airline operators are choosing LED lights over traditional lights. It is set to propel the development of energy-efficient airplane lighting systems for exterior and interior usage. Also, unlike incandescent and fluorescent lights, LED lights to provide a longer lifespan. At the same time, they don’t require regular maintenance. These factors are expected to drive the aircraft lighting market growth in the coming years. However, the increasing backlogs in aircraft deliveries owing to the massive economic slowdown worldwide may hinder growth.
What Does This Report Contain?
- What are the market drivers, hindrances, and dynamics?
- Which region is likely to lead in the coming years?
- Which segment is set to dominate in the near future?
- How will key firms generate more sales of aircraft lighting amid COVID-19?
Regional Insights-
North America to Dominate Stoked by Need to Provide Comfortable Flight Experience
Geographically, North America procured USD 290.1 million in terms of revenue and is set to retain its dominant position in the near future. This growth is attributable to the presence of several prominent airline operators in the region that are focusing on providing a safe and comfortable flight experience to passengers. It would result in the development of novel aircraft lighting systems.
Europe, on the other hand, generated the second-largest share in 2019. The region houses key companies, such as STG Aerospace Limited, Oxley Group, Safran, Diehl Stiftung & Co. KG, and Cobham plc. In Asia Pacific, the high demand for commercial aircraft on account of the rising air traffic would accelerate growth.
The report on the global Aircraft Lighting market utilizes diverse methods to examine the market data and present it in an organized manner to the readers. It provides the market research on the various segmentation based on the aspects like region, end-user, application, types, and other important categories. It further gives a detailed report on the leading sub-segment among each of them.
Segment-
Interior Lights Segment to Grow Rapidly Fueled by Surging Installation of Mood Lighting
Based on lighting type, the interior lights segment earned 67.84% in terms of the aircraft lighting market share in 2019. It is expected to grow rapidly throughout the forthcoming years backed by the rising installation of new cabin lighting, mood lightings in aircraft worldwide. These lights can be easily controlled by passengers with the help of their smartphones, thereby providing them with an enhanced flying experience.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/aircraft-lighting-market-104658
Competitive Landscape-
Key Players Focus on Launching Innovative Lighting Systems to Intensify Competition
The market for aircraft lighting is highly fragmented. Most of the manufacturers are focusing on conducting extensive research and development activities to come up with state-of-the-art aircraft lighting systems.
Key Questions Answered:
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth?
- Why Choose Fortune Business Insights?
Below is one of the latest industry developments:
March 2019: Astronics Corporation launched its brand new Nuancia RGBW Strip Lights for delivering flexible illumination options to aircraft cabins and seats. Airlines and aircraft manufacturers will be able to program mood-lighting systems with the help of the new product and use more than 16 million colors.
View Related Reports:
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]
Looking forward to reading more. Great article post.Really looking forward to read more.
Enjoyed every bit of your blog article.Much thanks again. Fantastic.
wow, awesome blog. Great.
I appreciate you sharing this blog post.Much thanks again. Keep writing.
Looking forward to reading more. Great blog.Really thank you! Awesome.
I truly appreciate this post.Thanks Again. Cool.
Great, thanks for sharing this blog. Awesome.
I value the article post.Really thank you! Fantastic.
Major thanks for the blog.Thanks Again. Awesome.
Thanks for sharing, this is a fantastic article post.Really thank you!
Enjoyed every bit of your blog.Thanks Again. Really Cool.
Thank you for your post. Cool.
Very good post.Much thanks again. Awesome.
A round of applause for your post.Really thank you! Want more.
Im obliged for the post.Really thank you!
Very good blog article. Really Great.
Great, thanks for sharing this post.Really looking forward to read more. Really Great.
Really enjoyed this blog article.Really looking forward to read more. Cool.
I value the post. Fantastic.
Thank you for your post.Much thanks again. Really Great.
I am so grateful for your post.Really thank you! Will read on…
Awesome blog post.Much thanks again. Want more.
I think this is a real great blog.Really looking forward to read more. Will read on…
Awesome blog post.Much thanks again. Really Great.
Thank you ever so for you post. Great.
Appreciate you sharing, great blog. Really Great.
I really liked your post.Thanks Again. Really Great.
Thanks-a-mundo for the post.Thanks Again. Really Great.
Thank you ever so for you article post.Much thanks again. Much obliged.
Great, thanks for sharing this article post.Really looking forward to read more. Want more.
Im grateful for the blog. Much obliged.
Say, you got a nice blog article.Really looking forward to read more. Fantastic.
Great, thanks for sharing this article post.Really looking forward to read more. Really Cool.
Enjoyed every bit of your blog article. Will read on…
Major thanks for the blog.Thanks Again. Great.
I really enjoy the blog post.Thanks Again. Much obliged.
Thanks for the article post.
Thanks a lot for the blog.Much thanks again.
Im grateful for the post.Really thank you! Great.
Very informative blog article. Much obliged.
Enjoyed every bit of your post.Really thank you! Great.
I really like and appreciate your article post.Really thank you! Cool.
This is one awesome blog article.Much thanks again. Really Cool.
A big thank you for your article.Thanks Again. Cool.
Major thankies for the blog post.Much thanks again. Want more.
Very neat blog post.
Im obliged for the article post.Really thank you!
This is one awesome blog post.Really thank you! Fantastic.
Im thankful for the post.Really looking forward to read more. Want more.
A big thank you for your blog. Will read on…
Very informative article.Thanks Again. Really Cool.
Really appreciate you sharing this post.Much thanks again. Much obliged.
A big thank you for your post.Much thanks again. Awesome.
Thank you for your article post.Much thanks again. Will read on…
This is one awesome blog post.Really looking forward to read more. Really Cool.
Awesome post.Thanks Again. Really Great.
Thanks for the blog post.Thanks Again. Keep writing.
I really liked your post.Really thank you! Much obliged.
Thank you for your blog.Much thanks again. Cool.
Looking forward to reading more. Great article post. Awesome.
Very informative blog post.Really thank you! Want more.
Thank you ever so for you blog.Really thank you! Keep writing.
This is one awesome blog post. Fantastic.
A big thank you for your post.Much thanks again. Really Cool.
Very good blog article.Really looking forward to read more.
This is one awesome blog.Thanks Again. Fantastic.
I loved your blog post.Much thanks again. Awesome.
Really appreciate you sharing this article.Really looking forward to read more. Keep writing.
Really enjoyed this blog post.Really thank you! Fantastic.
Great, thanks for sharing this blog post. Cool.
Really informative blog post.Much thanks again. Fantastic.
Major thankies for the post.Really looking forward to read more. Fantastic.
Very neat blog.
Great article.Really thank you! Will read on…
Really informative article.Much thanks again. Cool.
Thanks a lot for the article post.Much thanks again. Will read on…
Great article post. Great.
Very good article post.Much thanks again. Fantastic.
Wow, great article post.Thanks Again. Much obliged.
Major thankies for the blog post. Want more.
Thanks-a-mundo for the post.Thanks Again. Cool.
Thanks so much for the article post.Really thank you! Really Cool.
I loved your blog post.Much thanks again. Much obliged.
I truly appreciate this blog post.Thanks Again. Really Great.
I appreciate you sharing this article post.Much thanks again. Much obliged.
Really informative article.Really thank you! Fantastic.
Awesome article post.Much thanks again. Really Great.
Thanks-a-mundo for the post.Much thanks again. Great.
Im thankful for the blog article.Much thanks again. Will read on…
Really enjoyed this blog article.Much thanks again. Awesome.
Im thankful for the blog article. Awesome.
Very good blog article.Thanks Again. Really Great.
Wow, great article post.Much thanks again. Will read on…
Thank you ever so for you article. Really thank you! Fantastic.
Wow, great post.Much thanks again. Want more.
Appreciate you sharing, great blog post. Fantastic.
I really like and appreciate your blog.Much thanks again. Cool.
A big thank you for your blog article. Really looking forward to read more. Much obliged.
Im obliged for the blog.Thanks Again. Much obliged.
Major thankies for the blog post.Thanks Again. Much obliged.
I really like and appreciate your article post.Really looking forward to read more. Awesome.
This is one awesome post.Much thanks again. Awesome.
A round of applause for your article.Thanks Again. Awesome.
I really liked your blog article.Thanks Again. Keep writing.
wow, awesome post.Really thank you!
Thank you ever so for you blog.Thanks Again. Great.
Really informative blog post.Really thank you! Keep writing.
Im thankful for the post.Really looking forward to read more.
I cannot thank you enough for the post.Much thanks again. Really Cool.
Thank you for your blog post. Really Great.
Enjoyed every bit of your post.Much thanks again. Fantastic.
Major thankies for the blog article.Really thank you! Really Great.
Wow, great blog.Really thank you! Will read on…
Thank you ever so for you article post.Really looking forward to read more. Will read on…
Muchos Gracias for your article.Really thank you! Keep writing.
Awesome article post.Thanks Again. Great.
wow, awesome blog article.Much thanks again. Really Cool.
I appreciate you sharing this blog post.Thanks Again. Great.
You are a great writer thank you.
You are a great writer thanx.
Thank you so much for helping me.
This blog was… how do you say it? Relevant!! Finally I’ve found something that helped me. Thanks a lot!
Link exchange is nothing else except it is just placing the other person’s web site link on your page at suitable place and other person will also do same for you.