Nov 22, 2019   SOURCE: BusinessWire

Global Aircraft Lighting Market Expected to Grow with a CAGR of 5.8% During the Forecast Period, 2019-2030 - ResearchAndMarkets.com

The "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), Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The aircraft lighting market is projected to grow from USD 1.1 billion in 2019 to USD 2.1 billion by 2030, at a CAGR of 5.8% during the forecast period.

Increasing demand for an efficient alternative to incandescent lights across the globe is driving the market growth

An increase in aircraft orders across the globe and shift from incandescent lights to LED lights are the major factors driving the market for aircraft lighting. However, longer lifespan of LED lights is limiting the overall growth of the market.

Based on end-user, the aftermarket segment is estimated to account for a larger share of the market in 2019

Based on end-user, the aftermarket segment is estimated to account for the largest share of the overall market in 2019. The aircraft lighting OEM segment is projected to grow at a higher CAGR during the forecast period, owing to increasing deployment of new LED lights with the objective of reducing operational costs and enhancing passenger experience as well as comfort.

Based on light type, the interior lights segment estimated to account for a larger share in 2019

Interior lights include reading lights, ceiling and wall lights, signage, floor path lighting strips, and lavatory lights, among others. Airlines are focusing on deploying multi-colour interior lighting, to create an ambience as per passenger's mood. The growing demand to enhance passenger experience and comfort are anticipated to fuel the growth of the interior lights segment.

North America is estimated to lead the aircraft lighting market in 2019

The aircraft industry in North America has witnessed strong growth in the past few years. It is one of the most profitable industries in the region. The high demand for aircraft lighting products in North America can be attributed to the presence of major aircraft manufacturers such as Honeywell International (US) and Collins Aerospace (US) in the region. Increasing passenger traffic, demand for new aircraft, high demand for helicopters in civil and commercial applications, and the rapid replacement of traditional lights with advanced lighting solutions are other major factors driving the aircraft lighting OEM market in North America.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Definition

1.3 Study Scope

1.3.1 Markets Covered

1.3.2 Regional Scope

1.3.3 Years Considered for the Study

1.4 Currency

1.5 Limitations

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.1.1 Key Data From Secondary Sources

2.1.2 Primary Data

2.1.2.1 Key Data From Primary Sources

2.1.3 Market Definition & Scope

2.1.4 Segments and Subsegments

2.1.5 Segment Definitions

2.2 Research Approach & Methodology

2.2.1 Bottom-Up Approach

2.2.2 Top-Down Approach

2.2.3 Pricing Analysis

2.3 Triangulation & Validation

2.3.1 Triangulation Through Secondary

2.3.2 Triangulation Through Primaries

2.4 Research Assumptions

2.4.1 Market Sizing

2.4.2 Market Forecasting

2.5 Risks

2.6 Others

2.6.1 Limitations/Grey Areas

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Aircraft Lighting Market

4.2 Aircraft Lighting Market, By End User

4.3 Aircraft Interior Lights Market, By Type

4.4 Aircraft Exterior Lights Market, By Type

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Opportunities

5.2.3 Challenges

6 Industry Trends

6.1 Introduction

6.2 Emerging Trends in Aircraft Lighting Market

6.2.1 Traditional Lighting Systems

6.2.2 Photoluminescent Lights

6.2.3 LED Lights

6.2.4 OLED Lights

6.2.5 Custom Controlled Lights

6.3 Fixed Wing Aircraft Light Requirements

6.4 Aircraft Light Installations

6.4.1 Fixed Wing Light Installations

6.4.2 Rotary Wing Light Installations

7 Aircraft Lighting Market, By End User

7.1 Introduction

7.2 Original Equipment Manufacturer (OEM)

7.3 Aftermarket

8 Aircraft Lighting Market, By Aircraft Type

8.1 Introduction

8.2 Commercial Aviation

8.3 Business Jets & General Aviation

8.4 Military Aviation

8.5 Helicopters

9 Aircraft Lighting Market, By Light Type

9.1 Introduction

9.2 Interior Lights

9.3 Exterior Lights

10 Aircraft Lighting Market, By Light Source

10.1 Introduction

10.2 LED

10.3 Fluorescent

11 Aircraft Lighting OEM Market, By Region

11.1 Introduction

11.2 North America

11.2.1 Us

11.2.2 Canada

11.3 Europe

11.4 Asia Pacific

11.5 Latin America

12 Aircraft Lighting Aftermarket, By Region

12.1 Introduction

12.2 North America

12.3 Europe

12.4 Asia Pacific

12.5 Middle East

12.6 Rest of the World

13 Competitive Landscape

13.1 Introduction

13.2 Competitive Leadership Mapping

13.2.1 Visionary Leaders

13.2.2 Innovators

13.2.3 Dynamic Differentiators

13.2.4 Emerging Companies

13.3 Ranking of Key Players, 2018

13.3.1 Winning Imperatives, By Key Players

13.4 Competitive Scenario

13.4.1 New Product Launches

13.4.2 Contracts

13.4.3 Acquisitions and Partnerships

14 Company Profiles

14.1 Astronics Corporation

14.2 Cobham PLC

14.3 Diehl Stiftung & Co. Kg

14.4 Heads Up Technologies

14.5 Honeywell International Inc

14.6 Safran

14.7 Luminator Technology Group

14.8 Oxley Group

14.9 Collins Aerospace (A United Technologies Company)

14.10 Soderberg Manufacturing Company Inc.

14.11 STG Aerospace Limited

14.12 Sela

14.13 Bruce Aerospace

14.14 Precise Flight, Inc.

14.15 Aeroleds

14.16 Whelen Aerospace Technologies

14.17 AGI Holdings LLC (Hoffman Engineering)

14.18 Madelec Aero

14.19 Ife Products

14.20 Talon Aerospace, LLC

14.21 Beadlight Limited

For more information about this report visit https://www.researchandmarkets.com/r/tw991j