Pulished Date November, 2019
ID: 8822
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Aircraft Lighting Market by Aircraft Type (Commercial, Military, Business Jets & General Aviation, Helicopters), Light Source (LED, Fluorescent), Light Type (Interior Lights, Exterior Lights), End User (OEM, Aftermarket) and Region- Analysis, Size, Growth, Investment and Forecasts (2019-2024)

Pulished: November, 2019
ID: 8822
Pages: 175

MARKET OVERVIEW:

Aircraft lighting is a vital component of the aviation system. It provides protection, visibility and correct navigation for aircraft service. Numerous advances have been made on the basis of the technology that enhances performance and fuel consumption. Such lights give the pilots in the cockpit visibility in order to avoid accidents and to correct the course in harsh climatic conditions. Aircraft lighting plays a useful role in indicating the ground personnel at the time of take-off and landing.

RECENT DEVELOPMENTS:

In November 2018 United Technologies (UTC) has obtained final regulatory approval to buy Rockwell Collins, which is one of the biggest acquisitions in the history of the aerospace industry. As part of the new purchase, Rockwell Collins became Collins Aerospace in a combined restructuring with UTC Aerospace Systems.

MARKET VALUE AND EXPECTED GROWTH:

The Aircraft Lightning Market is valued at 1.2 Billion USD in 2019. The market is expected to grow at a CAGR of 5.8% over the forecast period to reach a valuation of 2.5 Billion USD in 2024.

GEOGRAPHICAL ANALYSIS:

North America's market growth is driven mainly by the high demand for air travel and increased flight experience. The increase in passenger traffic in this region is leading to an increase in aircraft orders, which in turn leads to a rise in the demand for aircraft lights. In addition, the high demand for aircraft lighting products in North America can also be due to the presence of major aircraft manufacturers in the area. There is also a massive demand from OEMs and airlines for highly efficient LED lights to reduce carbon emissions in the area. 

MARKET DRIVERS AND OPPORTUNITIES:

Significant factors which have helped drive the Aircraft Lightning Market forward are-

  • The increase in the number of passengers and their preference for air transport is a driving factor for the aircraft lighting industry
  • Significant economic growth in developing countries, as well as in small regions making considerable efforts to improve their financial status, are other factors driving the aviation sector that indirectly impact aircraft market growth
  • Rising demand for aircraft to meet transport needs, new players emerging in aircraft production and the development of low-cost aircraft
  • Advances in engineering, intelligent lighting solutions, the advent of LED lights and newly constructed lightweight products 

Customized lighting systems and equipment have been developed by leading market players to meet the needs of customers. Also, they concentrate on exploring innovations and applications through software demonstrations to increase their business outreach. LED lighting systems are adopted by airline operators due to higher efficiency, lower costs and improved lighting quality. 

Besides, collaborations and acquisitions are expected to enable leading players to enhance their product portfolios and expand into different geographic regions. High demand for energy-efficient lighting systems in emerging economies, such as Asia-Pacific and LAMEA, along with increased privatization of airline companies is expected to provide numerous growth opportunities during the forecast period.

MARKET SEGMENTATION

  1. Aircraft Lightning Market by Aircraft Type
  • Commercial
  • Military
  • Business Jets & General Aviation
  • Helicopters
  1. Aircraft Lightning Market by Light Source
  • LED
  • Fluorescent
  1. Aircraft Lightning Market by Light Type
  • Interior Lights
  • Exterior Lights
  1. Aircraft Lightning Market by End User
  • OEM
  • Aftermarket
  1. Aircraft Lightning Market by Region
  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • Latin America

@ With the increase in tourism through commercial helicopters, there is a growing demand for advanced cabin comfort features, which, in turn, is increasing the demand for customizable interior and exterior lighting. In addition, increased demand for helicopters used in civil applications, such as emergency medical services, is leading to an increase in orders for helicopters.

@ Interior lighting includes reading lamps, ceiling and wall lights, signs, ground path lighting bars, and laundry lights, among others. Airlines insist on the installation of multi-color indoor lighting to create an atmosphere depending on the demand or mood of the passengers. The growing demand for enhanced passenger experience and comfort is expected to fuel the segment of interior lighting.

KEY MARKET PLAYERS:

The key market players in the Aircraft Lighting Market are Astronics (US), Cobham (US), Honeywell (US), Luminator Technology Group (US), Collins Aerospace (US), Soderberg Manufacturing Company (US), Diehl Stiftung (Germany), Oxley Group (UK), and STG Aerospace (UK), among others.

RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.

Research Report Key Highlights:

  • Current and future market perspectives for Aircraft Lightning Market in developed and emerging markets.
  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Aircraft Type                              

                                5.1.1 Introduction           

                                5.1.2 Commercial            

                                5.1.3 Military     

                                5.1.4 Business Jets & General Aviation  

                                5.1.5 Helicopters             

                                5.1.6 Y-o-Y Growth Analysis, By Aircraft Type     

                                5.1.7 Market Attractiveness Analysis, By Aircraft Type   

                                5.1.8 Market Share Analysis, By Aircraft Type     

                5.2 Light Source               

                                5.2.1 Introduction           

                                5.2.2 LED             

                                5.2.3 Fluorescent            

                                5.2.4 Y-o-Y Growth Analysis, By Light Source       

                                5.2.5 Market Attractiveness Analysis, By Light Source     

                                5.2.6 Market Share Analysis, By Light Source      

                5.3 Light Type                   

                                5.3.1 Introduction           

                                5.3.2 Interior Lights        

                                5.3.3 Exterior Lights        

                                5.3.4 Y-o-Y Growth Analysis, By Light Type           

                                5.3.5 Market Attractiveness Analysis, By Light Type         

                                5.3.6 Market Share Analysis, By Light Type          

                5.4 End User                      

                                5.4.1 Introduction           

                                5.4.2 OEM          

                                5.4.3 Aftermarket           

                                5.4.4 Y-o-Y Growth Analysis, By End User             

                                5.4.5 Market Attractiveness Analysis, By End User           

                                5.4.6 Market Share Analysis, By End User             

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Aircraft Type

                                                6.1.3.3 By Light Source

                                                6.1.3.4 By Light Type

                                                6.1.3.5 By End User

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Aircraft Type

                                                6.1.4.3 By Light Source

                                                6.1.4.4 By Light Type

                                                6.1.4.5 By End User

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Aircraft Type

                                                6.1.5.3 By Light Source

                                                6.1.5.4 By Light Type

                                                6.1.5.5 By End User

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Astronics                     

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Cobham                       

                8.3 Honeywell                  

                8.4 Luminator Technology Group                             

                8.5 Collins Aerospace                    

                8.6 Soderberg Manufacturing Company                               

                8.7 Diehl Stiftung                             

                8.8 Oxley Group                              

                8.9 STG Aerospace                         

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DOC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  • Global Aircraft Lightning Market By Region, From 2019-2024 ( USD Billion )
  • Global Aircraft Lightning Market By Aircraft Type, From 2019-2024 ( USD Billion )
  • Global Commercial Market By Region, From 2019-2024 ( USD Billion )
  • Global Military Market By Region, From 2019-2024 ( USD Billion )
  • Global Business Jets & General Aviation Market By Region, From 2019-2024 ( USD Billion )
  • Global Helicopters Market By Region, From 2019-2024 ( USD Billion )
  • Global Aircraft Lightning Market By Ligth Source, From 2019-2024 ( USD Billion )
  • Global LED Market By Region, From 2019-2024 ( USD Billion )
  • Global Fluorescent Market By Region, From 2019-2024 ( USD Billion )
  • Global Aircraft Lightning Market By Ligth Type, From 2019-2024 ( USD Billion )
  • Global Interior Lights Market By Region, From 2019-2024 ( USD Billion )
  • Global Exterior Lights Market By Region, From 2019-2024 ( USD Billion )
  • Global Aircraft Lightning Market By End User, From 2019-2024 ( USD Billion )
  • Global OEM Market By Region, From 2019-2024 ( USD Billion )
  • Global Aftermarket Market By Region, From 2019-2024 ( USD Billion )

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