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Saturday, 20 August 2022 06:12 GMT

Aircraft Lighting Market: LED Light Type To Surpass At 5.0% CAGR During 2020 - 2027

(MENAFN- EIN Presswire)

PORTLAND, ORAGON, UNITED STATES, August 4, 2022 / / -- According to a recent report published by Allied Market Research, titled,“Aircraft Lighting Market by Interior Light, Exterior Light, Aircraft Application, and Light Type: Opportunity Analysis and Industry Forecast, 2020–2027,” the global aircraft lighting market was valued at $1.4 billion in 2019, and is projected to reach $2.0 billion by 2027, registering a CAGR of 4.7%.

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Key Market Players

Astronics Corporation
Bruce Aerospace
Beadlight Limited
Cobham Limited
Honeywell International Inc.
Heads Up Technologies
Madelec Aero
Whelen Aerospace Technologies

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 North America dominates the market in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global aircraft lighting market share in 2019, and is expected to grow at a significant rate during the forecast period, due to increase in demand for aircraft equipped with advanced lightings.

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Increase in deployment of lighting systems in aircraft to aesthetically enhance the interior and exterior of aircraft and correspondingly increase the conspicuity of aircraft. Lighting comprises signaling devices as well as other display devices, which help passengers in an efficient way by informing them about safety guidelines such as usage of seat belts, oxygen masks, and fire-resistant cushion. These lightings are mounted indifferent locations in the aircraft, which are categorized into interior lightings and exterior lightings. Traditionally, incandescent lights were used in aircraft, however, with the introduction of LEDs, consumer preference has shifted toward installing LEDs to provide better illumination, thereby augmenting the growth of the global market.

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 Key Findings Of The Study

By interior light, the reading light segment is expected to register a significant growth during the forecast period.

Depending on exterior light, the aircraft visibility light segment is anticipated to exhibit significant growth in the near future.

On the basis of aircraft application, the business jets segment is projected to lead the global aircraft lighting market owing to higher CAGR as compared to other aircrafts.

North America is anticipated to register the highest CAGR.

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About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ''Market Research Reports'' and ''Business Intelligence Solutions.'' AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

David Correa
Allied Analytics LLP
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