The Aircraft Lighting Market Size was valued at USD 994.19 million in 2022 and is expected to reach USD 2055.5 million by 2030 and grow at a CAGR of 9.5% over the forecast period 2023-2030.
Any lighting system that is installed inside or outside of an aircraft to provide illumination is included in the aircraft lighting system. There are two major types of aircraft lighting systems: interior lighting systems and exterior lighting systems. Companies such as STG Aerospace already provide emergency photo luminescent floor mats in specific colour or designs as required by customers.These lights illuminate the cabin crew, passengers, and pilots. The interior lighting system includes floor lights, wall lights, fuselage ceiling lights, leading lights, lavatory lights, cockpit lights, and signage lights. Exterior lighting also includes aircraft visibility lighting, pilot visibility lighting, specific purpose lighting, exterior emergency lighting, and navigation lighting. The primary purpose of exterior lighting is to increase visibility and prevent collisions. In the current scenario, the global aircraft lighting market is experiencing moderate growth in terms of investments, trials, and future deployment. The aircraft lighting market is dominated by some well-established global players who invest heavily in order to provide their customers with the most advanced technologies and products. Aircraft manufacturers, on the other hand, are acquiring advanced technologies from aircraft component manufacturers in order to deliver aircraft that are equipped with enhanced technologies. This factor has contributed to an increase in the market for aircraft lighting over the course of the period.
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MARKET DYNAMICS
KEY DRIVERS
Demand for non-electrical floor path lighting has increased in order to reduce aircraft weight.
The system requires no power, has an infinite lifespan, is lightweight, and requires no maintenance.
RESTRAINTS
Global economic uncertainty is restraining growth in the global aircraft lighting market.
They also improve pilot visibility during takeoff and landing.
OPPORTUNITIES
With a larger population living in cities, the transportation system must be efficiently managed to enable mass mobility across cities.
Passenger drones and eVTOL as air taxis have benefits such as avoiding congested road traffic, improving mobility, reducing pollution, reducing transport time, reducing traffic accidents, and reducing strain on the existing transportation system.
CHALLENGES
Lights must be checked and replaced on a regular basis, or when they reach the end of their useful life, or when the intensity of the light is reduced.
Longer lifespan of LED lights
THE IMPACT OF COVID-19
The COVID-19 pandemic has had a negative impact on the overall aviation industry, including the aircraft lighting system industry. Global travel restrictions and the worldwide grounding of commercial aviation had a significant impact on companies operating in the aircraft lighting system market. Furthermore, limited logistics support as a result of trade and travel restrictions disrupted the manufacturing industry, resulting in higher overhead costs and forcing companies to book losses within the forecast period. Furthermore, shrinking economies as a result of the pandemic had a significant impact on the aircraft lighting system industry. During the pandemic, the aviation industry fell by more than half, resulting in $370 billion in losses. Despite the industry's rapid recovery, the impact of the COVID-19 pandemic is expected till 2028.
The revitalization of the aviation industry is one of the top influences, supporting business opportunities within the aviation lighting market. The market has had a major impact, thanks to the COVID-19 epidemic but it is recovering at a rapid pace. The increase in aircraft carriers eventually results in an increase in business activities such as aircraft purchases, maintenance leases, repairs, and repairs. The A check for an aircraft that occurs after 200-500 hours of flight has a section to check the lighting system. In addition, the daily check also considers the performance of the outdoor lighting. Such checks improve the aftermarket. Increasing demand for custom lighting on private jets and commercial airlines is expected to boost market growth in the coming years. Companies operating within the stand provide different customization requirements for each customer. The same tendency can be observed in commercial aircraft.Companies such as STG Aerospace already provide emergency photo luminescent floor mats in specific colour or designs as required by customers.With the increased use of commercial helicopters for tourism, there is a greater demand for advanced cabin comfort features, which in turn increases the demand for customization interior and exterior lighting. Furthermore, an increase in helicopter orders is being driven by increased demand for helicopters used in civil applications such as emergency medical services.
Interior lighting includes, among other things, reading lights, ceiling and wall lights, signage, floor path lighting strips, and lavatory lights. Airlines are focusing on deploying multi-color interior lighting to create an ambiance based on passenger demand or mood. The increasing demand for improving passenger experience and comfort is expected to drive the interior lighting segment.
Efforts by regional governments of developing economies such as India, China, and Singapore to expand their space in the aviation industry generate significant business opportunities at the global level. These countries have provided significant subsidiaries and tax exemptions from foreign direct investment (FDI) to international companies willing to invest within the aviation sector. In addition, the goal of these countries to be independent and to promote indigenous products and services in the international market is expected to generate market competition. For example, less than 100% of the company is provided by India within a certain category of aviation industry. However, only 10% of MRO of Indian airlines are carried out in the native area while 90% of the work is given to other nations. Developing countries have opened up greater business opportunities by investing in developing countries and expanding their regional reach.
By Light Source
LED
Fluorescent
By Light Type
Interior Lights
Exterior Lights
By End User
OEM
Aftermarket
By Aircraft Type
Commercial
Military
Business Jets & General Aviation
Helicopters
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REGIONAL ANALYSIS
The high demand for air travel and the enhancement of flight experiences are driving market growth in North America. The increase in passenger traffic in this region is driving up aircraft orders, which is driving up demand for aircraft lights in the region during the forecast period. Furthermore, the presence of major aircraft manufacturers in North America contributes to the region's high demand for aircraft lighting products. Furthermore, there is a high demand for highly efficient LED lights from aircraft OEMs and airlines in order to reduce carbon emissions in the region.REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players listed in this report are Luminator Aerospace, Safran, STG Aerospace Limited, Diehl Stiftung & Co. KG, Geltronix, Hoffman Engineering, Honeywell International Inc., Astronics Corporation, Cobham Aerospace Communications, Collins Aerospace and Other Players
Luminator Aerospace-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 994.19 Million |
| Market Size by 2030 | US$ 2055.5 Million |
| CAGR | CAGR of 9.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By End User (OEM, Aftermarket) • By Aircraft Type (Commercial, Military, Business Jets & General Aviation, Helicopters) • By Light Source (LED, Fluorescent) • By Light Type (Interior Lights, Exterior Lights) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Luminator Aerospace, Safran, STG Aerospace Limited, Diehl Stiftung & Co. KG, Geltronix, Hoffman Engineering, Honeywell International Inc., Astronics Corporation, Cobham Aerospace Communications, Collins Aerospace, |
| DRIVERS | • Demand for non-electrical floor path lighting has increased in order to reduce aircraft weight. • The system requires no power, has an infinite lifespan, is lightweight, and requires no maintenance. |
| RESTRAINTS | • Global economic uncertainty is restraining growth in the global aircraft lighting market. • They also improve pilot visibility during takeoff and landing. |
Luminator Aerospace, Safran, STG Aerospace Limited, Diehl Stiftung & Co. KG, Geltronix, Hoffman Engineering, Honeywell International Inc.,Collins Aerospace, are among the key players in the aircraft lighting market.
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Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Global economic uncertainty is restraining growth in the global aircraft lighting market and They also improve pilot visibility during takeoff and landing.
Financial, Products/ Services Offered, SWOT Analysis, The SNS view.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aircraft Lighting Market Segmentation, By Aircraft Type
8.1 Commercial Aviation
8.2 Military Aviation
8.3 Business Jets & General Aviation
8.4 Helicopters
9. Aircraft Lighting Market Segmentation, By Light Type
9.1 Interior Lights
9.2 Exterior Lights
10. Aircraft Lighting Market Segmentation, By Light Source
10.1 LED
10.2 Fluorescent
11. Aircraft Lighting Market Segmentation, By End-User
11.1 OEM
11.2 Aftermarket
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Honeywell International Inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Luminator Aerospace
13.3 Safran
13.4 STG Aerospace Limited
13.5 Diehl Stiftung & Co. KG
13.6 Geltronix
13.7 Hoffman Engineering
13.8 Astronics Corporation
13.9 Cobham Aerospace Communications
13.10 Collins Aerospace
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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