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 i