Zion Market Research, the market research group announced the analysis report titled ‘Aircraft Lighting Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Aircraft Lighting Market: Overview
Aircraft lighting is a vital component of aviation structure. It provides safety, visibility, and accurate navigation for the operation of the aircraft. Various developments have been carried out based on the technology, which improves the performance and fuel efficiency. These lights provide a clear visibility to pilots in the cockpit to avoid the collision and to rectify the path in harsh climatic conditions. The aircraft lighting plays the useful role to indicate the ground staff while takeoff and landing.
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Global Aircraft Lighting Market: Segmentation
Aircraft lighting is operated and is functionally based on various factors. This includes segmentation based on types of light mounting position such as interior lights and exterior lights, and further sub-segmented as navigation lights, beacon lights, logo lights, landing lights, and anti-collision lights. Similarly, the interior lights are sub-classified as panel lights, washroom, floor lights, and map lights. Moreover, based on the fitment type of the aircraft lighting, the market is diversified as line fit and retrofit. In addition, wide range of technologies have been used in aircraft lighting such as photoluminescent lights, led lights, traditional lights, OLED lights, and controlling lights The end-use application of the light system depends on the type of the aircraft, which is segmented as very large aircraft, narrow-body aircraft, wide-body, regional transport aircraft, and fighter aircraft.
Global Aircraft Lighting Market: Growth Factors
An increased number of passengers and their preference towards air transport is a driving factor for aircraft lighting market. Significant economic growth in developing countries, as well as small regions making considerable efforts to improve the financial status, are other factors driving the aviation sectors which indirectly impacts the aircraft lighting market growth. Rising demand for aircraft to meet the transportation needs, new players emerging in the aircraft manufacturing, and development of low-cost aircraft have boosted the demand for aircraft lighting system. Advancement in technology, smart lighting solutions, the introduction of LED lights, and newly constructed lightweight products are some of the development factors fostering the demand for aircraft lighting.
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Global Aircraft Lighting Market: Regional Analysis
Geographically, Asia Pacific region is expected to make significant growth in the global aircraft lighting market due to rising orders of aircraft and lights accessories from other countries. Moreover, the global aircraft lighting market is segmented as North America, Europe, Middle East, Latin America, and Rest of World.
Global Aircraft Lighting Market: Competitive Players
Some of the major players known for their products, services, and constant developments in the aircraft lighting market are Cobham PLC, Diehl Stiftung & Co. Kg, Zodiac Aerospace, Astronics, Luminator Aerospace, STG Aerospace Limited, Honeywell International Inc, B/E Aerospace, Inc., and United Technologies Corporation. Other prominent participants include UTC Aerospace Systems, Bruce Aerospace, and Aveo Engineering.
Major players are making new acquisitions to increase products and influence over the market. For instance, Rockwell Collins, which is well known for flight controls products and avionics, is the process of acquiring B/E Aerospace which deals in aircraft seats and lighting systems, with a price of $6.4 Billion.
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