Aircraft Lighting Market Size, Share, Growth Analysis, By Source (LED, Fluorescent), By Light Type (Interior Lighting, Exterior Lighting), By Aircraft Type, By End User, By Region - Industry Forecast 2024-2031

In 2021, the Asia-Pacific region is projected to hold the most substantial share of the market.

Global Aircraft Lighting Market size was valued at USD 824.08 million in 2022 and is poised to grow from USD 899.9 million in 2023 to USD 1987 million by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031). 

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. 'Honeywell International Inc. ', 'Rockwell Collins, Inc. ', 'Diehl Stiftung & Co. KG ', 'United Technologies Corporation ', 'Cobham plc ', 'STG Aerospace Limited ', 'Oxley Developments Company Ltd. ', 'Astronics Corporation ', 'Precise Flight Inc. ', 'Bruce Aerospace Inc. ', 'Aveo Engineering Group s.r.o. ', 'Safran Electrical & Power ', 'Whelen Aerospace Technologies ', 'Soderberg Manufacturing Co., Inc. ', 'Luminator Technology Group ', 'In December 2021, STG plans to introduce a new platform-independent Universal Lighting product family that effectively segments a lighting system. Operators can have many dynamic lighting profiles and scenarios because each section can behave independently in terms of intensity and color transition.', 'In September 2021, Collins Aerospace unveiled Lilac-UV, an ultraviolet (UV) lighting solution that can be used to sanitize aircraft interiors almost anywhere. The innovative method can swiftly and chemically sanitize aircraft interiors.'

The key factor that drives the industry growth includes increased demand for non-electrical floor path lighting in order to reduce aircraft weight. The need for next-generation non-electrical floor route marking systems, which comprise photoluminescent LED strips installed on the cabin floor to lead passengers to emergency exits in the event of cabin lighting failure, is growing. Lufthansa, for example, manufactures the GuideU non-electrical floor path making system, which is lightweight and simple to install and deploy in all standard line-fit aircraft platforms. The system is self-contained, has an infinite lifespan, is lightweight, and requires no maintenance. Lufthansa's emergency escape signs include all of the advantages of the floor path marking system. Such abovementioned factor is likely to drive the industry's growth in the upcoming years.

One of the key trends in the global aircraft lighting market is the increased demand for lightweight aircraft components including aircraft lighting. Aircraft manufacturers are required to adhere to strict weight-related regulations. Due to their high mass, heavyweight aircraft waste more power and energy than lightweight aircraft. The size and weight of various components in the aircraft determine its overall weight. As a result, aviation component makers are always focused on the creation of compact, lightweight components. When compared to traditional floor path lighting, next-generation photoluminescent strips, a non-electrical lighting solution, have the smallest mass. Fuel and electricity efficiency would improve as a result of the development of this new light. This, in turn, is likely to drive the growth of the aircraft lighting industry during the forecast period.

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.