One of the major trends in the aircraft lighting market includes the demand for improved ambience from the airliners for their respective aircraft fleet. The airlines are focusing on innovating their respective interior ambience of commercial aircraft models to provide enhanced air travel experiences to their respective customers.
Aircraft lighting market is growing at a healthy growth rate after the significant negative impact during the FY2020 due to the held civil aviation operations caused by the COVID-19 pandemic. However, after the resuming of airline operations in 2021 (in some regions in 2022), the airlines have driven the demand for aircraft lighting through their respective airline maintenance operations for the existing fleets. This is also supported by the rise in demand for air travel from different regions propelled by the introduction of low-cost carriers as well.
Aircraft lighting market is likely to witness significant growth in the coming years. The growth of the aircraft lighting market is due to some of the below key factors:
These factors are likely to show a significant impact in terms of healthy growth of the aircraft lighting industry.
However, the ongoing geopolitical war between different countries around the world is also likely to impact airline operations in the coming years which will further hamper the aircraft lighting market.
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Aircraft Lighting Market: Strategic Insights
The rising global aircraft fleet is one of the major factors supporting the demand for aircraft lighting through both the line fit and retrofit segments. The increasing number of aircraft and helicopter deliveries across different regions is driving the demand for lighting systems; specifically, the demand for cabin and cockpit lighting systems. Some of the major aircraft OEMs i.e. Airbus and Boeing, in 2023, delivered around 735 and 528 commercial aircraft in 2023 respectively; compared to 663 and 480 aircraft in 2022. This shows a gradual increase in the number of aircraft delivered in a single year that has driven the majority portion of the aircraft lighting market in 2023.
The future deliveries of commercial and military aircraft in the next twenty years are likely to generate huge opportunities for market vendors during the forecast period of 2024 to 2031. For instance, according to the two of the major aircraft OEM giants i.e., Airbus and Boeing, more than 40,800 aircraft are likely to be delivered between 2023-2042. This will further increase the global aircraft fleet size and will generate the opportunity for aircraft lighting from the aftermarket/retrofit segment as well in the coming years.
Key segments that contributed to the derivation of the Aircraft Lighting Market analysis are system type, technology, light type, fit type, aircraft type, end-user, and geography.
The geographic scope of the Aircraft Lighting Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the Aircraft Lighting Market in 2023, whereas, the Asia Pacific region is likely to witness significant growth during the forecast period. The market for aircraft lighting is foreseen to witness expeditionary growth in the Asia Pacific region, due to the huge demand for modification or retrofitting of advanced lighting solutions. The Middle East & Africa region is likely to witness a CAGR of around 5.5% during 2023-2031. This is mainly due to the presence of a recognized and large number of commercial aircraft fleets and airlines including Emirates, Qatar Airways, Etihad Airways, and Saudi Arabian Airlines invest significant amounts in the procurement of newer aircraft and also in modification of their existing fleet. The airlines constantly focus on enhancing customer experience, thereby, retrofitting the aircraft with advanced lighting systems is one of the major trends prevailing in the region.
The Aircraft Lighting Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for aircraft lighting market and strategies:
The regional trends and factors influencing the Aircraft Lighting Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aircraft Lighting Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.15 Billion |
| Market Size by 2031 | US$ 1.95 Billion |
| Global CAGR (2023 - 2031) | 6.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By System Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aircraft Lighting Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aircraft Lighting Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The “Aircraft Lighting Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: