Aircraft Lighting Systems Market
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2017-2023
Introduction •
The global aircraft lighting systems market is projected to reach at $2,204 million by 2023, growing at a CAGR of 5.1% from 2017 to 2023
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In 2016, the interior lighting sub-segment accounted for the highest revenue share in the global market
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The leading market players have developed customized lighting systems and equipment to cater to the needs of consumers
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The marketers focus on exploring novel technologies and applications through technology demonstration to increase their market outreach
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High demand for energy efficient lighting systems in the emerging economies, such as Asia-Pacific and LAMEA, along with increase in privatization of airlines in the market is expected to provide numerous growth opportunities during the forecast period
Key Factors of the Market • The factors that drive the global aircraft lighting systems market are increase in air travel, growth in demand for new aircraft, and rise in need for light-weighted aircraft components & new technological advancements. However, high initial costs hamper the market growth • Technological advancements, in terms of miniaturization of components, implementation of advanced technologies have encouraged the airline operators to invest in advanced aircraft lighting system for long-term benefits
• The retrofit lighting system improves the lighting output, increases energy savings, improves safety, and offers increased productivity
Aircraft Lighting Systems Market
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Key Benefits of the Market • The exterior lighting systems sub-segment is expected to exhibit a significant increase in the global aircraft lighting systems market during the forecast period • In 2016, the narrow body aircraft accounted for the highest revenue among the other aircraft types • Asia-Pacific is anticipated to exhibit substantial growth during the forecast period
Market Segmentation
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Diehl Stiftung & Co. Kg. Zodiac Aerospace United Technologies Corporation B/E Aerospace, Inc. Luminator Aerospace Cobham PLC. Honeywell International Inc. STG Aerospace Limited Astronics Geltronix Aviation Light
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