Global Aircraft Lighting Market Forecasts 2020-2030 by Aircraft Type, Light Source, Light Type, End User and Region
DUBLIN, July 31, 2020 /PRNewswire/ -- 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.
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.
The COVID-19 pandemic has led to major economic problems and challenges that the aviation industry has to face. Since the beginning of the outbreak, the civil aviation industry has been among the most severely hit sectors globally. Also, legal and trade restrictions, such as sealed borders, increase the shortage of required parts. Such disruption in the supply chain is expected to affect the assembly of OEMs across the world.
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.
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-color interior lighting, to create an ambiance 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.
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 rgion. 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:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Lighting Market, by End User
8 Aircraft Lighting Market, by Aircraft Type
9 Aircraft Lighting Market, by Light Type
10 Aircraft Lighting Market, by Light Source
11 Aircraft Lighting OEM Market, by Region
12 Aircraft Lighting Aftermarket, by Region
13 Competitive Landscape
14 Company Profiles
15 Aircraft Lighting Adjacent Markets
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