Aircraft Lighting Systems Market

Global Aircraft Lighting Systems Market Size (2023 to 2028)

The global aircraft lighting systems market is expected to be worth USD 984.97 Million in 2023. It is expected to grow at a CAGR of 9.20% during the forecast period and reach a value of USD 1529.46 Million by 2028.

The increasing demand for nonelectrical floor path lighting and the shift towards lightweight aircraft components are two of the major driving factors of the Aircraft Lighting Systems market growth rate. Another major driving factor of the Aircraft Lighting Systems market was the rising demand for enhancing airline passengers across the globe. The rise in aircraft orders and the shift from incandescent lights to LED lights are some of the growth-supporting factors in the market of Aircraft Lighting Systems revenue rate.

The growing investments by the major key players for R&D is another major factor supporting the global market growth. Increasing demand for commercial aircraft coupled with the increasing number of air passengers globally are some of the major driving factors that promote the growth of the Aircraft Lighting Systems market revenue rate during the forecast period.

The longer lifespan of LED lights is one of the major restraints that hinder the growth of the Aircraft Lighting Systems Market. Another major restraint that is affecting the growth of the Aircraft Lighting Systems market is the high cost of the raw materials used to manufacture the systems.

Impact of COVID-19 on the aircraft lighting systems market:

COVID-19 is a deadly disease that has disrupted market shares in unprecedented ways. The aircraft lighting systems market shares have seen a downfall due to lockdown restrictions.

REPORT COVERAGE:

This research report on the global aircraft lighting systems market has been segmented and sub-segmented into the following categories.

Aircraft Lighting Systems Market - By End-User:

• OEM
• After Market

Based on end-user, the Aircraft Lighting Systems market is segmented into two types, namely OEM and aftermarket. Among these segments, the OEM segment holds the major share of the market.

Aircraft Lighting Systems Market - By Light Type:

• Interior lights
• Exterior lights

On the basis of light type, the market of Aircraft Lighting Systems is bifurcated into two types, namely interior lights and exterior lights. Among these segments, the interior light segment holds the major share of the market as it includes reading lights, ceiling and wall lights, signage, floor path lighting strips, and lavatory lights. This segment is expected to hold the dominance of the market owing to the growing demand for enhancing the passenger experience and comfort.

Aircraft Lighting Systems Market - By Aircraft Type:

• Commercial aviation
• Military aviation,
• Business jets
• General aviation
• Helicopters

On the basis of aircraft type, the Aircraft Lighting Systems market is segmented into commercial aviation, military aviation, business jets, and general aviation and helicopters. Among these segments, the helicopter aircraft type segment holds the major share of the market, with a rise in tourism through commercial helicopters as there is a rise in demand for deploying advanced cabin comfort features.

Aircraft Lighting Systems Market - By Light Source:

• LED  
• Fluorescent

On the basis of the light source, the Aircraft Lighting Systems market is segmented into two types: LED and fluorescent. Among these segments, the LED segment holds the major share of the market.

Aircraft Lighting Systems Market - By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The Aircraft Lighting Systems market is elaborated in various regions all around the world, such as North America (US, Mexico, Canada and rest of North America), Europe region (UK, France, Italy, Germany, Spain and Rest of Europe), and Asia Pacific region (Japan, India, China, Australia and rest of Asia Pacific).

North American region holds the major share of the market due to the increasing demand for air travel, and enhanced flight experience helps the growth of the market of Aircraft Lighting Systems in the Asia Pacific region. Furthermore, the rise in passenger traffic presence of major aircraft manufacturers in the region, especially in some of the emerging economies such as the United States and Canada, is also one of the major driving factors that propel the growth of the market of Aircraft Lighting Systems in the North America region. This region is expected to hold dominance during the forecast period.

Asia Pacific region holds the second-largest share of the market for aircraft lighting systems owing to the increasing demand for commercial aircraft coupled with the increasing number of air passengers, especially in some economies such as India and China.

Europe region is expected to increase the market value of Aircraft Lighting Systems owing to the rise in aircraft orders and the shift from incandescent lights to LED lights and also increasing of investments by the major key players of the market.

KEY MARKET PLAYERS:

Some of the key market players in the Aircraft Lighting Systems market are Collins Aerospace (US), Soderberg Manufacturing Company (US), Diehl Stiftung (Germany), Astronics (US), Cobham

RECENT HAPPENINGS IN THIS MARKET:

• In March 2019, Astronics Company launched Nuancia RGBW strip lights, which is a lighting system that provides multiple lighting options for aircraft seats and cabins. 
• In July 2018, Cobham company launched smart plate touch controls for wide-body aircraft and long-range aircraft, which are integrated with an LED backlighted bar graph that displays indicators to help the crew members in tactile commanding.