Aircraft Lighting Market Positioned For Accelerated Growth With Major Giants Astronics Corporation, Aeroleds

(MENAFN- EIN Presswire) The aircraft lighting market was valued at $2.7 billion in 2023, and is projected to reach $6.6 billion by 2033, growing at a CAGR of 9.7% from 2024 to 2033.

Aircraft Lighting Market - On the basis of light type, the LED segment is anticipated to exhibit significant growth in future. ” - Allied Market ResearchWILMINGTON, DE, UNITED STATES, March 6, 2025 /EINPresswire / -- Allied Market Research published a report, titled, "Aircraft Lighting Market by Interior Lights (Emergency Lights, Specialty Lights, Wash Lights, Reading Lights, and Lavatory Lights), Exterior Lights (Aircraft Visibility Lights, Pilot Lights, and Specific Purpose Lights), Aircraft Application (Commercial, Business Jets, Military, and Helicopters), and Light Type (LEDs and Fluorescent): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global aircraft lighting industry garnered $1.4 billion in 2019, and is estimated to reach $2.0 billion by 2027, registering a CAGR of 4.7% from 2020 to 2027.

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Drivers, restraints, and opportunities

Growing demand for aircrafts from the civil and military aviation sectors and surge in usage of LED lights in comparison with incandescent lights drive the global aircraft lighting market. However, higher cost of LED lights and growing backlog in the delivery of aircraft restrain the market growth. On the other hand, increase in demand for lightweight aircraft components creates new opportunities in the coming years.

The commercial segment held the lion's share during the forecast period

Based on aircraft application, the commercial segment contributed to the highest market share, accounting for more than two-fifths of the global aircraft lighting market share in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to the growing demand for advanced commercial aircrafts in the airline industry. However, the business jets segment is estimated to generate the fastest CAGR of 5.2% from 2020 to 2027. This is attributed to growing demand for business jet due to its advantages such as the reduction in traveling time and cost-effectiveness.

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North America to maintain its dominant by 2027

Based on region, North America accounted for the highest share, holding for more than one-third of the global aircraft lighting market in 2019 and is projected to maintain its dominant position throughout the forecast period. In addition, North America is estimated to portray the fastest CAGR of 5.1% from 2020 to 2027. This is attributed to the growing demand for new commercial aircrafts due to surge in passengers traveling across the region.

Leading market players
Astronics Corporation
Aeroleds
Bruce Aerospace
Beadlight Limited
Heads Up Technologies
Cobham PLC
Madelec Aero
Honeywell International Inc.
Whelen Aerospace
Safran

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Key offering of the Report:

Key driving factors: An in-depth study of the dynamic factors such as drivers, restraints, challenges, and opportunities

Current market trends & forecasts: A comprehensive study of the the Aircraft Lighting Market
along with recent market trends and forecasts during the forecast period to help customers make an informed decision and formulate lucrative business strategies

Segmental Analysis: A study of each segment coupled with driving factors and growth rate analysis of every segment

Geographical analysis: An in-depth analysis of the market across several geographical regions that help market players to leverage fruitful market opportunities

Competitive landscape: A study of prime market players that are currently leading the Aircraft Lighting Market

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David Correa
Allied Market Research
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