Aircraft Lighting Market worth $1,987 million by 2030 - PowerPoint PPT Presentation

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Aircraft Lighting Market worth $1,987 million by 2030

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The aircraft lighting market is estimated to be USD 826 million in 2020 and is projected to reach USD 1,987 million by 2030, at a CAGR of 9.2% from 2020 to 2030. – PowerPoint PPT presentation

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Title: Aircraft Lighting Market worth $1,987 million by 2030


1
Aircra Lighting Market worth 1,987 million by
2030 The report "Aircraft Lighting Market by
Aircraft Type (Commercial, Military, Business
Jets General Aviation, Helicopters), Light
Source (LED, Fluorescent), Light Type (Interior
Lights, Exterior Lights), End User (OEM,
Aftermarket), Region-Global Forecast to 2030", is
estimated to be USD 826 million in 2020 and is
projected to reach USD 1,987 million by 2030, at
a CAGR of 9.2 from 2020 to 2030. The increasing
demand for better flight experience and comfort,
as well as the rise in air passenger traffic are
leading to the rise in aircraft orders across
the globe. These factors are anticipated to
drive the growth of the aircraft lighting market
during the forecast period. Download PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp? id1092 Interior lights segment
projected to grow a higher CAGR from 2019 to
2030 Based on light type, the interior lights
segment is expected to grow at a higher CAGR
during the forecast period as compared to the
exterior lights segment. Interior lighting
affects the mood of the passenger thus,
manufacturers are focusing on developing mood
interior lighting products, that would be capable
of changing colors as per the passengers
demands and moods. OEM segment projected to grow
at a higher CAGR from 2019 to 2030 Based on end
user, the OEM segment is anticipated to grow at a
higher CAGR during the forecast period as
compared to the aftermarket. There has been a
substantial rise in demand for single-aisle
aircraft in the Asia Pacific region. OEMs offer
lighting
2
products that can be customized as per the
ambiance of the airline. Rise in aircraft
deliveries, and rising focus of airlines in
deploying customizable lighting for increasing
passenger comfort is projected to fuel the
growth of the OEM segment. Asia Pacific aircraft
lighting market is projected to grow at the
highest CAGR from 2019 to 2030 Based on region,
the Asia Pacific is expected to witness
substantial growth during the forecast period,
especially in countries such as China, India,
and Japan, due to the growing air passenger
traffic and the requirement for environment
friendly LED aircraft lights. Additionally, the
increasing number of long- haul flights and
aircraft orders in these countries are resulting
in a rise in demand for durable exterior and
interior aircraft lighting systems to provide
efficient cabin illumination. The aircraft
lighting market has been gaining traction over
the past few years due to the presence of
several established companies as well as
startups. Some of the major players in the
aircraft lighting market Include Astronics (US),
Cobham (US), Honeywell (US), Collins Aerospace
(US), IFE Products (US), Diehl Stiftung
(Germany), STG Aerospace (UK), and Oxley Group
(UK), among others. Dont miss out on business
opportunities in Aircraft Lighting Market. Speak
to our analyst and gain crucial industry
insights that will help your business grow. About
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