Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 935.04 Million | USD 2064.58 Million | 9.2% | 2023 |
Zion Market Research has published a report on the global Aircraft Lighting Market, estimating its value at USD 935.04 Million in 2023, with projections indicating that it will reach USD 2064.58 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 9.2% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Aircraft Lighting Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Aircraft lighting performs numerous illumination functions for both interiors as well as the exterior of an aircraft. The continuous development of lighting products in relation to the key areas such as long life, higher output, and low power consumption in an aircraft, these advancements are basically done to enhance the life and durability of the lighting. Other factors that into consideration are reduction in maintenance cost and performance excellence, these are vital for an aircraft to perform well while in the air.
COVID-19 had a major impact on the aviation sector which eventually impacted the aircraft lighting market. Due to the outbreak of the virus, there has been a significant drop in air travel globally, which negatively impacted the aviation industry. This also affected the line fit aspect of aircraft lighting as many airlines have delayed their pre-delivery schedules and have requested the aircraft manufacturers to reduce their monthly production rate of new aircraft. The aviation industry has faced huge losses due to the restriction in movement and strict lockdown.
However, prospects of aircraft lighting have increased in the aftermarket, as due to the hold or delay in the arrival of new aircraft, airlines are now preferring to modernize their cabin layout of existing fleets to maintain their service level at par with their new fleets.
The aircraft lighting market is expected to grow in the projected timeframe. The surge is due to the increasing use of next-gen non-electrical floor path marking systems; these photoluminescent lighting strips are installed on the floor of the cabin to guide its passengers to the nearest exits in times of emergency such as cabin lighting failure. For instance, Lufthansa an airline company is working on the GuideU non-electrical path marking system, which is light in weight and can be installed and deployed on all aircraft platforms. The non-electrical path marking system does not require any power source, is lightweight, and has practically zero maintenance cost.
Factors such as the rising adoption of innovative cabin lighting along with surging demand for luxury air travel are expected to propel the market in the projected period. Additionally, the boosted focus of the airlines on passenger safety and comfort is also predicted to fuel the retrofitting of the lighting in both the interior and exterior of the aircraft.
Interior lights under the light type segment held a share of above 10% in 2019. This is due to the rising demand for interior lighting for ceilings, reading and wall lights, floor path lighting strips, lavatory lights, and signage among others. The airlines are focusing on providing comfort and luxury, by investing in multicolor interior lighting, to create an ambiance as per the mood and demand of the passenger. Additionally, the extensive adoption of LED lighting technologies in new generation aircraft has also generated demand for cabin retrofitting activities in older generation aircraft in order to maintain similar service quality in the entire fleet. The rising trend towards enhancing passenger comfort and experience is anticipated to drive the market interior lights segment.
Commercial aviation under the aircraft type segment will grow at a CAGR of over 5% between 2021 to 2028. The surge is due to economic and demographic growth. The growing middle class in encouraging the demand for commercial air travel. Additionally, due to increasing population especially in developing countries like India and China, has congested the road and rail transport system. Due to the mentioned factor, people prefer to travel via air as they it saves time and is more comfortable. These factors are anticipated to stimulate market growth for commercial aviation, thereby fueling the growth of the aircraft lighting market.
Report Attributes | Report Details |
---|---|
Report Name | Aircraft Lighting Market |
Market Size in 2023 | USD 935.04 Million |
Market Forecast in 2032 | USD 2064.58 Million |
Growth Rate | CAGR of 9.2% |
Number of Pages | 160 |
Key Companies Covered | Astronics Corporation, Cobham Plc, Luminator Technology Group, Honeywell International Inc., Collins Aerospace, Diehl Stiftung & Co. Kg, Heads Up Technologies, Safran, Oxley Group and Soderberg Manufacturing Company Inc. among others |
Segments Covered | By Light Type, By Aircraft Type, By Light Source, By End-User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific held a share above 19% in the aircraft lighting market in 2019. The growth is due to the rising GDP, and subsequently, living standards and disposable income resulted in a surge in demand for air travel for both leisure and business purposes. In the past decades, the Asia- Pacific region has been the point of attraction for business activities with numerous countries like India, China, and Japan observing foreign investment. This has led to rapid economic growth and has contributed to the overall growth of the aviation sector in the region. The steady growth in air travel is due to the success of the low-cost carrier model in the region. All these factors are expected to fuel the growth of the aviation sector, which will eventually propel the aircraft lighting market.
The surge is due to the enhanced flight experience and high demand for air travel. The surge in passenger travel by air has led to an increase in aircraft orders, which will eventually increase the demand for aircraft lights in the projected timeframe. The high demand for aircraft lights is also subjected to the presence of major aircraft lighting manufacturers in the region such as Astronics Corporation, Luminator Technology Group, Cobham Plc, Collins Aerospace, and Honeywell International Inc. among others. Emerging trends in the lighting aspect as the integration of interactive screens in aircraft cabins, mood lighting systems along with the adoption of photoluminescent emergency cabin lights are intended to cause a major technological change in the aircraft lighting market in the estimated period.
Some of the key players of the aircraft lighting market are
By Light Type
By Aircraft Type
By Light Source
By End-User
By Region
FrequentlyAsked Questions
Zion Market Research has published a report on the global Aircraft Lighting Market, estimating its value at USD 935.04 Million in 2023, with projections indicating that it will reach USD 2064.58 Million by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 9.2% over the forecast period 2024-2032.
Some of the key factors driving the global aircraft lighting market are due the increasing use of next-gen non-electrical floor path marking systems; these photo luminescent lighting strips are installed on the floor of the cabin to guide its passengers to the nearest exits in time of emergency such as cabin lighting failure. For instance, Lufthansa an airline company is working on the GuideU non-electrical path marking system, which are light in weight and can be installed and deployed in all aircraft platforms. The non-electrical path marking system does not require any power source, is lightweight, and practically zero maintenance cost
The surge is due to the enhance flight experience and high demand for air travel. The surge in the passengers travel by air has led to an increase in aircraft orders, which will eventually increase the demand for aircraft lights in the projected timeframe. The high demand for aircraft lights is also subjected to the presence of major aircraft lighting manufacturers in the region such as Astronics Corporation, Luminator Technology Group, Cobham Plc, Collins Aerospace and Honeywell International Inc. among others. Emerging trends in the lighting aspect as integration of interactive screens in aircraft cabins, mood lighting systems along with the the adoption of photo luminescent emergency cabin light in are intended to cause a major technological change in the aircraft lighting market in the estimated period.
Some of the key players of aircraft lighting market are Astronics Corporation, Cobham Plc, Luminator Technology Group, Honeywell International Inc., Collins Aerospace, Diehl Stiftung & Co. Kg, Heads Up Technologies, Safran, Oxley Group and Soderberg Manufacturing Company Inc. among others.
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