USD 795.0 million
Report ID: SQSG20A2012 | Region: Global | Published Date: June, 2022 | Pages: 157 | Tables: 89 | Figures: 75
The Global Aircraft Lighting market was valued at USD 795.0 million in 2021, and it is expected to reach a value of USD 1,500.6 million by 2028, at a CAGR of 9.5% over the forecast period (2022-2028).
The increasing demand for LED technology in aeroplanes is expected to fuel consistent expansion in the global market for aircraft lighting. An airplane’s cabin is a crucial component in getting passengers from one place to another. For the purpose of providing passenger services during the night at cruising altitudes, suitable illumination is needed. It contains lighting, a significant element of interior design. A decent lighting system makes travelling enjoyable and enables passengers to engage in a variety of leisure activities. Over the course of the projection period, rising air traffic is anticipated to drive demand for aircraft lighting. India, Brazil, and China are examples of emerging economies that have developed the aircraft sector significantly.
The desire for new aeroplanes with cutting-edge infrastructure and sophisticated technologies has increased. The service providers strive to offer unique value-added services because they believe that interior design is a key component of greater client satisfaction levels. A great lighting system aids in luring clients and spreading their goodwill throughout the market, which is likely to have a favourable impact on the expansion of the entire sector. There are now new LED-based lighting systems available that create a cosy interior environment. These panels use less energy. The LED-based solutions are lightweight as well. The market for commercial aircraft cabin lighting is anticipated to be driven by such factors in conjunction with ongoing LED development.
According to trends, businesses have been switching out old incandescent bulbs for LED lights in recent years. The goal of aircraft makers is to lighten their products. Fuel cost is one of the major advantages of weight loss. Old lighting equipment uses more power, which raises overall operating costs. Modern devices use less energy. One method of reducing the overall weight of a vehicle is to use new, lightweight lighting systems, which is anticipated to increase industry demand.
Global Market Size
USD 795.0 million
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The global aircraft lighting market is segmented on the basis of lighting type, light source, aircraft type, and region. Based on the lighting type, the market is segmented into interior lighting and exterior lighting. Based on the light source, the market is segmented into LED and fluorescent. Based on the aircraft type, the market is segmented into commercial aircraft, military aircraft, business jets & general aviation, and helicopters. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Lighting Type
In 2021, the interior lighting segment of the market is projected to hold the most lucrative share of more than 50% of the market. The segmental growth of the market is attributed to the cabin modernization by numerous industry players. The growing adoption of LED ambient lighting systems on newer aircraft has prompted cabin remodeling work on older aircraft to ensure uniform service quality across the fleet. To improve the passenger experience, aircraft manufacturers and airlines are focused on upgrading cabins.
For an instance, in September 2021, Lufthansa began flying its first Airbus 321neo with its new Airspace Cabin. The lighting system in the new cabin has been significantly changed. The interior of the cabin and the entrance area has been completely redesigned to appear brighter and friendlier. A newly tailored, adaptable lighting system, Human Centric Lighting, illuminates the cabin in tones ranging from warm red land to chilly blue light. Depending on the time of day or night, the illumination in the newly designed aircraft cabin can be changed. Hence, airlines are likely to invest in new LED lighting in the next years to improve customer experience.
Analysis by Light Source
In 2021, the LED segment of the market is projected to hold the most lucrative share of more than 50% of the market. High-performance LED lights are placed in aircraft during the manufacturing process. The usual Mean Time Between Failures (MTBF) of traditional incandescent lights is around 1,000 hours, which is about 1-2 years. Following installation, these lights must be tested and replaced after their lifecycle, in the event of complete failure, or even when the light intensity is reduced. LED lights, on the other hand, have an average MTBF of 10,000 hours or 10 years, which is comparable to an aircraft's lifecycle. Attributing to such broad features and lifetime, the adoption of LED lights is likely to increase in the near future.
Analysis by Aircraft Type
In 2021, the commercial aircraft segment of the market is projected to hold the most lucrative share of more than 20% of the market. The segmental growth of the market is attributed to the increased air travel of the passengers, innovations in existing products by the key manufacturers, adoption of the latest and advanced lighting in aircraft by the airline companies, and the launch of novel products. On the other hand, the helicopter segment of the market is also projected to grow at a significant rate attributing to the rise in demand for deploying advanced cabin comfort features, which, in turn, is upsurging the demand for customizable interior as well as exterior lighting.
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Based on the geographical viewpoint, the global aircraft lighting market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2021, the Asia-Pacific region is projected to hold the most substantial share of the market. The regional market is likely to be driven by increased demand of the passengers for air travel and enhanced flight experience. The increase in passenger traffic in this region is driving up aircraft orders, which, in turn, is driving up demand for aircraft lighting in the region over the forecast period. Furthermore, the presence of major aircraft manufacturers in North America contributes to the high demand for aircraft lighting products. In addition, aircraft OEMs and airlines are demanding for more efficient LED lights to help cut carbon emissions in the region.
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The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, among the lighting type, the interior lighting segment is projected to hold a dominating share during the period. Among the light source, the LED segment is projected to hold a dominating share during the period. Among the aircraft type, the commercial aircraft segment is projected to hold a dominating share during the period.
|Market size value in 2021||USD 795.0 million|
|Market size value in 2028||USD 1,500.6 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Aircraft Lighting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aircraft Lighting Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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