Aircraft Lighting Market

Report Scope & Overview:

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.

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.

MARKET KEY PLAYER

Luminator Aerospace, Safran, STG Aerospace Limited, Diehl Stiftung & Co. KG, Geltronix, Hoffman Engineering, Honeywell International Inc., Astronics Corporation, Cobham Aerospace Communications, Collins Aerospace,

KEY MARKET SEGMENTATION:

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

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