The Aircraft Lighting Global Market Report 2023, provides comprehensive information on the aircraft lighting market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s authoritative Aircraft Lighting Global Market Report for the year 2023, we find an insightful glimpse into the dynamic world of the global aircraft lighting market. Anticipated trends indicate that this industry is poised for substantial growth, as the market size is projected to expand from $1.43 billion in 2022 to $1.54 billion in 2023, registering a commendable compound annual growth rate (CAGR) of 7.47%.
However, it is essential to acknowledge the substantial geopolitical influences that have unfolded in recent times. The conflict between Russia and Ukraine, known as the Russia-Ukraine war, has cast a shadow over the global economic recovery from the COVID-19 pandemic, particularly in the short term. This tumultuous geopolitical landscape has precipitated the imposition of economic sanctions on several nations, triggered notable surges in commodity prices, and initiated supply chain disruptions. These events, in turn, have led to widespread inflationary pressures across the spectrum of goods and services, impacting markets globally.
Despite these challenges, the aircraft lighting market remains resilient, with expectations of reaching $1.99 billion by 2027, exhibiting a CAGR of 6.62%.
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Notably, product innovation stands out as a prominent and evolving trend within this industry. Leading companies in the aircraft lighting sector are diligently pursuing innovative solutions to fortify their market position.
A case in point is Collins Aerospace, a distinguished U.S.-based company renowned for its advanced solutions within the global aerospace and defense sectors. In June 2022, they introduced the groundbreaking Hypergamut Lighting System. This cutting-edge, full-cabin lighting system operates in synchrony with real-time flight data, providing predictive and independent functionality. Its sophisticated color optimization enhances the appearance of materials, food, and fixtures throughout the cabin, and it’s tailored to align with human biology to mitigate passenger jetlag. Such innovation underscores the dynamic nature of the aircraft lighting market and its commitment to elevating passenger experience and operational efficiency.
The aircraft lighting market is segmented:
1) By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Helicopter, Military Aircraft, Regional Aircraft, Business Jets
2) By Technology Type: Light-Emitting Diode (LED), Fluorescent, Other Technologies
3) By Installation Type: Line-Fit, Retrofit
4) By End-Users: Original Equipment Manufacturer (OEM), Aftermarket, Maintenance, Repair And Operations (MRO)
Top 5 Major Players:
- Astronics Corporation
- Bruce Aerospace
- Cobham Limited
- Diehl Stiftung & Co. KG
- Honeywell International Inc
North America was the largest region in the aircraft lighting market in 2022.
Table of contents :
1. Executive Summary
2. Aircraft Lighting Market Characteristics
3. Aircraft Lighting Market Trends And Strategies
4. Aircraft Lighting Market – Macro Economic Scenario
5. Aircraft Lighting Market Size And Growth
….
26. Africa Aircraft Lighting Market
27. Aircraft Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Lighting Market
29. Aircraft Lighting Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Aircraft Lighting Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Aircraft Lighting Market, Segmentation By Technology Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Aircraft Lighting Market, Segmentation By Installation Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 47: Astronics Corporation Financial Performance
Table 48: Bruce Aerospace Financial Performance
Table 49: Cobham Limited Financial Performance
Table 50: Diehl Stiftung & Co. KG Financial Performance
Table 51: Honeywell International Inc. Financial Performance
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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