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Aircraft Lighting Market worth 2.94 Billion USD by 2022

The aircraft lighting market is projected to grow from an estimated USD 2.25 Billion in 2017 to USD 2.94 Billion by 2022, at a CAGR of 5.48% during the forecast period. This growth can be attributed to increasing aircraft orders due to the rise in passenger traffic across the globe. Also, increasing focus on safety compliance and passenger experience are factors influencing the growth of the aircraft lighting market.<br><br>

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Aircraft Lighting Market worth 2.94 Billion USD by 2022

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  1. MarketsandMarkets Presents Aircraft Lighting Market worth 2.94 Billion USD by 2022 The aircraft lighting market report provides an analysis of the market from 2017 to 2022. According to the new market research report "Aircraft Lighting Market by Aircraft Type (Commercial, Military, Business), Platform (Fixed, Rotary), Light Type (Interior, Exterior), Fit (OEM, Aftermarket), System (Passenger Service Unit, Cockpit Control Unit) - Global Forecast to 2022". Browse 344 Market Data Tables and 57 Figures spread through 114 Pages and in-depth TOC on "Aircraft Lighting Market - Global Forecast to 2022"

  2. Download PDF Brochure@ https://tinyurl.com/yboknc76 Early buyers will receive 10% customization on reports. This growth can be attributed to increasing aircraft orders due to the rise in passenger traffic across the globe. Also, increasing importance attached to passenger experience is driving the aircraft lighting market. Based on light type, the interior light segment in the aircraft lighting market is estimated to be the fastest-growing market during the forecast period The interior light segment in the aircraft lighting market is estimated to be the fastest-growing during the forecast period. This growth is attributed to an increase in the demand for ceiling and wall lighting for aircraft. 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. Based on aircraft type, the commercial aviation segment in the aircraft lighting market is projected to grow at the highest CAGR from 2017 to 2022 Based on aircraft type, the commercial aviation segment is projected to grow at the highest CAGR during the forecast period. Increase in aircraft orders and demand for enhanced passenger experience, especially in long-haul aircraft is one of the key factors driving this segment of the aircraft lighting market. Asia Pacific is expected to be the fastest-growing market for the aircraft lighting market during the forecast period Asia Pacific is expected to be the fastest-growing market during the forecast period. The growth is largely due to an increase in air passenger traffic in emerging countries such as India and China and rise in commercial aircraft manufacturers in the region. Major players operating in the aircraft lighting market include Zodiac Aerospace (France), United Technologies (US), Diehl Stiftung & Co. KG (Germany), Rockwell Collins (US), and Honeywell (US). These key players offer various aircraft light types including reading lights, ceiling lights, lavatory lights, signage lights, and wall lights. These companies have well equipped manufacturing facilities and strong distribution networks across North America, Europe, and the Asia Pacific. Get More Information@ https://tinyurl.com/ya7d2jg4

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