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Aircraft Lighting Market worth $1,987 million by 2030

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.

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Aircraft Lighting Market worth $1,987 million by 2030

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  1. Aircra& Lighting Market worth $1,987 million by2030 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 PDFBrochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp? id=1092 Interior lights segment projected to grow a higher CAGR from 2019 to2030 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 passenger’s demands andmoods. OEM segment projected to grow at a higher CAGR from 2019 to2030 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-aisleaircraftintheAsiaPacificregion.OEMsofferlighting

  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 OEMsegment. 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 cabinillumination. 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), amongothers. Don’t miss out on business opportunities in Aircraft Lighting Market. Speak to our analyst and gain crucial industry insights that will help your businessgrow. AboutMarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenuesdecisions.

  3. Our850fulltimeanalystandSMEsatMarketsandMarkets™are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annuallyinhighgrowthemergingsegments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of thecurve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA :1-888-600-6441 sales@marketsandmarkets.com

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