Aircraft Lighting Systems Market - Forecast(2021 - 2026)

Global Aircraft Lighting Systems Market is projected to reach $2.6B by 2023 growing at a CAGR of 4.48% during the forecast period 2018-2023. The growth is mainly attributed to the increasing demand of commercial aircrafts coupled with increasing number of air passengers globally. North America is the dominant market for aircraft lighting systems which will grow at a CAGR of 4.54% to reach $957.18m by 2023. By 2023, aircraft lighting systems are estimated to witness an upsurge due to growing focus on defense aircraft spending and development of advanced lighting technologies. This market is anticipated to grow at a CAGR of 4.4% during the forecast period of 2018-2023.

What is Aircraft Lighting Systems?

Aircrafts are equipped with a variety of lights that are used for safety, navigation and to improve visibility during takeoff or when taxiing on the ground. The external lights on aircraft are categorized into two types. A first type includes takeoff and landing lights that are used to improve visibility when the plane is close to or on the ground. The second is navigation lights or beacons that are always illuminated while the aircraft is in operation.

The aircraft lighting system aids two key applications, dedicated exterior light sources and lightens the interior of the aircraft. Exterior light systems are responsible for illumination at night for navigation and flying purposes. While on the other hand, interior lighting systems delivers illumination and lighting for equipment, instruments, main passenger cabins and cargo. In addition, there are few lighting systems utilized extensively for indicating normal operation or a malfunction in the electrical, electronic and mechanical systems.

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What are the major applications for Global Aircraft Lighting Systems?

The major applications of Aircraft Lighting Systems include both Interior and Exterior Lighting Systems. Interior Lighting system includes, Cockpit lighting (Radio navigation system lighting, Fuel Panels lighting, Engine indication lighting, Compass lighting and others), Cabin Lighting (Reading Lights, Lavatory Lighting, Signage Lighting and others), Emergency Lighting and others.

Exterior Lighting system includes, Aircraft Visibility Lighting (Navigation Lights, Beacon/Anti- Collision Lights, Strobe lights) Pilot Visibility Lighting (Runway Turnoff Lights, Landing Lights, Wing Inspection Lights, Taxi Lights) Specific Purpose Lighting (Formation Lights, Search Lights and Logo Lights), Exit Marking Signs and others. 

Market Research and Market Trends of Aircraft Lighting Systems Market

• One of the major players in Aircraft Lighting System, Astronics Corporation have mastered in emergency lighting system. The Escape Slide Lighting System and associated BAS Power Units is an emergency lighting system that provides illumination and directional guidance for passengers. The BAS Power Unit provides power to the lighting assemblies after the switch pin is automatically pulled during raft deployment. 
  
• Honeywell is a complete service provider dedicated to technological leadership, design efficiency and engineering excellence. With the capability to provide comprehensive lighting solutions for any lighting position on any airframe, the company offers a complete set of aircraft lighting products based upon Light emitting diode (LED) and other technologies. LED lighting technology offers improved reliability, longer life and simple installation. This keeps aircrafts flying with less maintenance, resulting in fewer delays in flight operations and lower operating costs.
  
• In developing mood lighting system, Diehl Aerospace uses the full range of technological innovations to match the ever increasing comfort needs of demanding passengers. In contrast to conventional cabin lighting, the completely new lighting system from the company allows a constantly dimmable light. With colorful accents and programmed scenarios, it is possible to create smooth atmosphere for passengers and very pleasant change between the individual lighting phases. The mood lighting system changes the light slowly and fluently when switching between two phases of flight, both in color and in intensity, instead of hard on and off. By adjusting the lighting during the flight to an artificially shortened course of the day, the biorhythm of the passengers can be gently adjusted to the time of day at the destination. The passenger experiences a completely new feeling of flight.
  

Who are the Major Players in Aircraft Lighting Systems market?

The companies referred to in the market research report includes Honeywell International Inc., Goodrich Corporation, Astronics Corporation, Zodiac Aerospace, Soderberg Manufacturing Company Inc., STG Aerospace Limited, Aveo Engineering Group SRO and more than 20 companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2024.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

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Key Takeaways from this Report

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  
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• Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.