Aircraft Lighting Market Global Industry Historical Background, Industry Structure, Development, Demographics, Developing Factors

 The global aircraft lighting market 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.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aircraft-lighting-market-104658



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 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.

A list of all the renowned aircraft lighting manufacturers operating in the global market:

  • 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.)

Get Customized PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/customization/aircraft-lighting-market-104658

Segment-

Interior LightsSegment 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.

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 the Asia Pacific, the high demand for commercial aircraft on account of the rising air traffic would accelerate growth.

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. Below is one of the latest industry developments.

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?


Comments

Post a Comment

Popular posts from this blog

Global Armored Vehicle Market Size , Share, Growth Global Demand, Revenue Analysis and Forecast by 2028

Image
According to a report, published by Fortune Business Insights, titled “ Global  Armored Vehicle Market  Size, Share and Industry Analysis, By Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), By Mobility (Wheeled, Tracked), By System (Engine, Drive Systems, Ballistic Armor, Turret Drives, Ammunition Handling Systems, Others) and Regional Forecast till 2028 ”  the market size stood at USD 17.18 billion in 2018. The report is fixed at delivering a comprehensive description of the armored vehicle market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures a
Read more

military antenna market Report Covers Future Trends with Research 2028

The global  military antenna market  size is expected to gain momentum by reaching USD 6.28 billion by 2028 while exhibiting a CAGR of 9.52% between 2021 and 2028. This information is published by Fortune Business Insights in its report titled “Military Antenna Market, 2021-2028.” The report further mentions that the market stood at USD 3.25 billion in 2020. Factors such as the rising military expenditure and the growing cross-border disputes are anticipated to propel the demand for the product during the forecast period. The effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government as well as the industries is likely to bring the economy back on track and aid in the resumption of industrial activities. Get a Sample PDF Brochure: https://www
Read more

Robotics in Shipbuilding Market Analysis, Segmentation, Growth, Trends, Gross Margin, Demand by 2028

The global robotics in shipbuilding market size was   USD 581.3 million   in 2020. The market is projected to grow from   USD 616.8 million  in 2021 to   USD 1001.4 billion   in 2028 at a CAGR of   7.74%   in the 2021-2028 period. This information is published by   Fortune Business Insights™ , in its report, titled,   “Robotics in Shipbuilding Market, 2021-2028.”   According to our researchers, shipbuilding industry is promptlymoving towards collaborative robots also recognized as cobots. These cobots join forces with humans and carry out the manufacturing efficiently and effortlessly. Moreover, transportablecombined robots are capable to travel across the plants and help the employees. Besides, cobots can also be employed for proficientlycarrying small as well as large modules to the assembly unit. Several robot producers are fixated on creating technologically innovative cooperative robots. For example, READY Robotics, which is a U.S. situated start-up company advances collaborative
Read more