Market Overview:
Aircraft Lighting Market Size valued at USD 30.8 Billion in 2022 and is expected to showcase a CAGR of over 9.3% from 2023 to 2032. By the end of the forecast period, the market is anticipated to reach a valuation of around USD 74.2 Billion.
Aircraft lighting refers to the various lighting systems and devices installed on an aircraft to improve visibility and safety during flight. These lighting systems serve several functions, including illuminating the runway during takeoff and landing, providing visual aids to pilots, and indicating the aircraft's position and status to other pilots and ground personnel.
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Some of the most important types of aircraft lighting systems are:
- Navigation lights: These are typically red and green lights mounted on the wingtips, with a white light mounted on the tail. They assist other pilots in determining the aircraft's course.
- Landing lights: These bright lights are typically located on the underside of the aircraft's wings and illuminate the runway during takeoff and landing.
Growth Factors:
The aircraft lighting market has been steadily expanding in recent years, and several key factors have contributed to this expansion. The increasing demand for advanced lighting systems that can improve aviation safety and efficiency is one of the main drivers of growth in this market. Modern aircraft lighting systems, such as LED lights, provide better illumination, last longer, and consume less energy than traditional lighting systems, leading to increased adoption by airlines and aircraft manufacturers.
The growing number of air passengers worldwide is another key growth factor for the aircraft lighting industry. Air traffic has increased significantly as air travel becomes more accessible and affordable, particularly in emerging markets.
Aircraft Lighting Market Value Insights |
|
Report Coverage |
Details |
Base Year |
2022 |
Market Size in 2022 |
USD 30.8 Billion |
Forecast Period |
2023 to 2032 |
CAGR (2023 to 2032) |
9.3% |
Forecast Year Value, 2032 |
USD 74.2 Billion |
Historical Data for |
2019 to 2022 |
Segment Covered |
Aircraft Type, Lighting Type, End User, Region |
Companies Covered |
|
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By Aircraft Type Analysis - Fixed-wing aircraft will dominate market due to increased airline fleet
The market is divided into fixed-wing and rotary-wing aircraft types. Because of increased commercial airline fleet worldwide, the fixed-wing aircraft segment dominated the market in 2022, due to a variety of factors, including a high rate of passenger safety and low air passenger fares due to the emergence of budget airlines in the global aviation market. In 2021, the worldwide aircraft fleet will number around 23,715 aircraft, and airline operators around the globe are placing bulk orders. Furthermore, rising air traffic and rising aviation spending from various countries drive the demand for modern aircraft.
Regional Overview:
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North America is one of the leading regions in the aircraft lighting market, accounting for a sizable portion of the global market. The region has a highly developed aviation industry, with the United States being one of the world's largest aircraft manufacturers and operators. The region is seeing a significant increase in demand for advanced lighting systems, driven by rising demand for new aircraft and increased investments in military and defense aircraft.
Asia Pacific is also a significant region in the market, with significant growth in recent years. The region's air traffic is rapidly increasing, owing to a growing middle class and increased tourism. This increase in air traffic has increased demand for new aircraft, which has increased demand for advanced lighting systems.
Key Development:
- In February 2021, Diehl Aviation, a leading aerospace company, has secured a contract extension from Boeing to provide cutting-edge interior lighting systems for the iconic Boeing 787 Dreamliner.
- In June 2022, Collins Aerospace debuted its new Hypergamut Lighting System at the Aircraft Interiors Exposition in Hamburg, Germany. The advanced full-cabin lighting system is tuned to human biology to decrease passenger jetlag; color-optimized to improve the appearance of materials, food, fixtures throughout the cabin; and autonomized to intelligently sync with real-time flight data to enable predictive and independent functionality.
Top companies includes in the global aircraft lighting market:
- Astronics Corporation (U.S.)
- Aveo Engineering Group s.r.o (Czechia)
- Bruce Aerospace (U.S.)
- Cobham plc (U.K.)
- Collins Aerospace (U.S.)
- Diehl Stiftung & Co. KG (Germany)
- Honeywell International Inc. (U.S.)
- Luminator Technology Group (U.S.)
- Oxley Group (U.K.)
- Safran (France)
- Soderberg Manufacturing Company (U.S.)
- STG Aerospace Limited (U.K.)
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In-depth analysis of aircraft lighting market along with industry coverage and forecasting for the following segments:
Market Size, By Aircraft Type
- Fixed-Wing
- Commercial Aircraft
- Military Aircraft
- Regional Jet
- Business Jets and General Aircraft
- Rotary-Wing
- Commercial Helicopter
- Military Helicopter
Market Size, By Lighting Type
- Interior Lights
- Signage Lights
- Ceiling & Wall Lights
- Floor Path Lighting
- Reading Light
- Lavatory Lights
- Exterior Lights
- Emergency Lights
- Navigation Lights
- Others
Market Size, By End User
- OEM
- Aftermarket
Market Size, By By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America