The global aircraft anti-collision lights market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The rise in air traffic and growing demand for air travel is anticipated to drive the growth of the global aircraft anti-collision lights market. According to International Civil Aviation Organization (ICAO), the total number of passengers carried on scheduled services rose to 4.5 billion in 2019, which is 3.6% higher than in 2018, while the number of departures reached 38.3 million in 2019. The low-cost carriers carried an estimate of 1.4 billion passengers in 2019, which was approximately 31% of the global total scheduled passengers. Further, according to the data published by the Bureau of Transportation Statistics in 2022, the US airlines carried 674 million passengers in 2021, which is 82.5% more than in 2021.
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The incidence of air tragedies is enabling the need for installing the aircraft anti-collision lights, which in turn is driving the growth of the global aircraft anti-collision lights market. According to the data published by the International Air Transportation Association (IATA), in 2021, the rate of one accident registered for every 9.9 lakh flight. In 2021, 2.5 crore airline passengers were operated out of which 26 met with accidents. out of these 7 were fatal accidents, which accounted for 121 fatalities. Similarly, in 2020,2.22 crore airlines were operated, out of which 35 airlines met with accidents .out of these 5 were fatal accidents, which accounted for 132 fatalities. Thus, owing to numerous tragedies, the need for aircraft anti-collision lights is driving the market growth.
The presence of major players coupled with their benchmarking products is anticipated to fuel the demand for the global aircraft anti-collision lights market. For instance, Collins Aerospace offers LED anti-collision lights to improve the visibility of the aircraft in the air and on the ground. The lights are integrated with a 28 VDC or 115 VAC power supply. Collin’s anti-collision lights are certified under FAA Technical Standards Order (TSO) c96a and EASA European TSO C96a.
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Competitive Landscape-
Collins Aerospace, Aeroleds, Llc, and Oxley, Inc., among others
By Type
LED Light
Halogen Lamp
By Application
Anti-Collision
Navigation
Landing
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Scope of the Report
The research study analyzes the Global Aircraft Anti-Collision Lights industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Aircraft Anti-Collision Lights Market Report
1. What was the Global Aircraft Anti-Collision Lights Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Aircraft Anti-Collision Lights Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Aircraft Anti-Collision Lights Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Aircraft Anti-Collision Lights market.
- The market share of the Global Aircraft Anti-Collision Lights market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Aircraft Anti-Collision Lights market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Aircraft Anti-Collision Lights market.
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