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.

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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:

https://www.wdfxfox34.com/story/44955245/flight-simulator-market-2021-global-industry-trends-by-manufacturing-size-share-applications-and-types-by-growth-rate-and-top-key-players-analysis

https://www.wpgxfox28.com/story/44955245/flight-simulator-market-2021-global-industry-trends-by-manufacturing-size-share-applications-and-types-by-growth-rate-and-top-key-players-analysis

https://www.wdfxfox34.com/story/44955273/commercial-aircraft-disassembly-dismantling-and-recycling-market-report-2020-2027-size-share-growth-trends-competitive-landscape-revenue-forecast

https://www.wpgxfox28.com/story/44955273/commercial-aircraft-disassembly-dismantling-and-recycling-market-report-2020-2027-size-share-growth-trends-competitive-landscape-revenue-forecast

https://www.wdfxfox34.com/story/44955304/microwave-devices-market-growing-at-545-cagr-comprehensive-research-delivers-country-wise-data-and-supply-demand-outlook-to-2027

https://www.wpgxfox28.com/story/44955304/microwave-devices-market-growing-at-545-cagr-comprehensive-research-delivers-country-wise-data-and-supply-demand-outlook-to-2027

https://www.wdfxfox34.com/story/44955338/marine-propeller-market-size-growth-share-global-industry-demand-future-research-2021-trends-analysis-revenue-expectation-to-2028-research-report

https://www.wpgxfox28.com/story/44955338/marine-propeller-market-size-growth-share-global-industry-demand-future-research-2021-trends-analysis-revenue-expectation-to-2028-research-report

https://www.wdfxfox34.com/story/44955430/2021-global-aerial-refueling-systems-market-by-regional-analysis-cagr-trends-amp-growth-forecast-to-2028

https://www.wpgxfox28.com/story/44955430/2021-global-aerial-refueling-systems-market-by-regional-analysis-cagr-trends-amp-growth-forecast-to-2028

https://www.wdfxfox34.com/story/44955473/helicopter-market-size-2021-market-share-top-companies-report-covers-are-airbusbell-helicopter-textronboeingleonardoloc

https://www.wpgxfox28.com/story/44955473/helicopter-market-size-2021-market-share-top-companies-report-covers-are-airbusbell-helicopter-textronboeingleonardoloc

https://www.wdfxfox34.com/story/44955497/space-launch-services-market-by-competitive-landscape-swot-analysis-opportunities-and-challenges-growth-by-2020-2027

https://www.wpgxfox28.com/story/44955497/space-launch-services-market-by-competitive-landscape-swot-analysis-opportunities-and-challenges-growth-by-2020-2027

 

 

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:

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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

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    of the subjects you write in relation to here. Again, awesome blog!

  68. Hey! Quick question that’s completely off topic.
    Do you know how to make your site mobile friendly? My weblog looks weird when viewing from my iphone.
    I’m trying to find a template or plugin that might be able to resolve this problem.
    If you have any suggestions, please share. Thank you!

  69. Today, I went to the beach front with my children.
    I found a sea shell and gave it to my 4 year old daughter
    and said “You can hear the ocean if you put this to your ear.” She
    placed the shell to her ear and screamed. There was a hermit crab
    inside and it pinched her ear. She never wants to
    go back! LoL I know this is completely off topic but I
    had to tell someone!

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