Aircraft Lighting Market worth 2.55 Billion USD by 2021

1. MarketsandMarkets Presents Aircraft Lighting Market worth 2.55 Billion USD by 2021 The aircraft lighting market (ALM) is projected to grow from USD 1.99 Billion in 2016 to USD 2.55 Billion by 2021, at a CAGR of 5.08% during the forecast period. Various factors, such as rising demand for new aircraft, need for lightweight aircraft component and new technological advancement in the market for aircraft lighting are expected to drive the aircraft lighting market. Browse 82 market data Tables and 55 Figures spread through 147 Pages and in-depth TOC on "Aircraft Lighting Market - Global Forecast to 2021"

2. The market is divided on the basis of fit type, aircraft type, technology used, light type and geography. Cabin lighting has seen a revolution in the past few decades from incandescent lamps through fluorescent tubes to all-LED lights. LED lamps are able to create any type of lighting effect. The advantage is not confined only to low cost, lower weight, low power consumption and ultra-low switching times but they can also be completely controlled electronically to obtain the right color and intensity, which help in building any kind of lighting effect. Download PDF Brochure@ http://bit.ly/2sTA3ow Early buyers will receive 10% customization on reports. The retrofit aircraft lighting market is expected to grow the highest during the forecast period The global aircraft lighting market has been segmented and analyzed in terms of two types of by fit, namely, linefit and retrofit, wherein, the retrofit segment dominates the overall market in terms of market size, and is expected to exhibit a similar trend during the next 5 years because of the increasing aftermarket and MRO services for aircraft lighting systems.

3. Asia-Pacific to show the highest CAGR growth in the aircraft lighting market during the forecast period Asia-Pacific has the highest growth potential for the aircraft lighting market. This region is projected to have the highest CAGR rate for aircraft lighting market, primarily driven by the increase in aircraft deliveries and aircraft orders from different countries. The main driver of this high CAGR growth is the demand for low cost carriers and domestic civil aviation from small airline companies This report covers the forecast of the aircraft lighting market and its dynamics over the next five years, while also recognizing market applications, evolving technologies, recent developments in the market, and high potential geographic regions and countries. Get More Information@ http://bit.ly/2rVJJ4D North America, Europe, Asia-Pacific and Rest of the World (RoW) are considered in the geography segment. The North America and Europe aircraft lighting market held the largest market share in 2016 and is expected to dominate the global market during the forecast period.

4. The regional transport aircraft is projected to grow the highest during the forecast period The global aircraft lighting market by aircraft type has been segmented into four sub segments namely, NBA, WBA, VLA and RTA, out of which, the regional transport aircraft (RTA) has the highest CAGR rate among all aircraft types because of high demand from airline industries. This aircraft have less seating capacity but have higher safety equipment. Due to the small size of the aircraft, the number of required lights is limited. The market for RTAs is largest in North America and Europe, owing to the developed domestic civil aviation market in these regions. ALM provides information related to light installation on both, exterior and interior parts of the aircraft. B/E Aerospace Inc. (U.S.): One of the key players in the aircraft lighting market. The major players in this market have been identified to be Cobham plc. (United Kingdom), UTC Aerospace Systems (United States), Honeywell International Inc. (United States) and Diehl Stiftung & Co. KG (Germany).

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