The global aircraft lighting market is projected to reach USD 22 billion in 2018, growing at an annual average of 4% over the forecast period 2019-2025 to reach USD 3.03 billion in 2025.
Growth in the last five years has been driven primarily by three main factors: the growing demand for energy efficient aircraft lighting and the significant increase in aircraft delivery.
The global aircraft lighting market is experiencing significant growth in terms of investments for the future, trials in progress, and deployments in the current scenario. The aircraft lighting market is made up of renowned players from all over the world who invest enormous amounts to provide customers with the most advanced technology and products. Aircraft manufacturers, on the other hand, have acquired advanced technology from aircraft parts manufacturers to provide aircraft with integrated advanced technologies. This factor helps the aircraft lighting market soar over the period. Moreover, increasing defense budgets in developing and developed countries are driving the military to procure more high-tech aircraft, as well as aircraft parts, including various lighting solutions. This factor is helping the proliferation of the aircraft lighting market in the current scenario.
A full report of Aircraft Lighting Market is available at: https://www.orionmarketreports.com/aircraft-lighting-market/30701/
Market Segmentation
On the basis of end user, the aircraft lighting market is segmented as follows:
• OEM
• Aftermarket
On the basis of light type, the aircraft lighting market is segmented as follows:
• Interior Lights
• Exterior Lights
On the basis of aircraft type, the aircraft lighting market is segmented as follows:
• Commercial Aviation
• Military Aviation
• Business Jets & General Aviation
• Helicopters
On the basis of light source, the aircraft lighting market is segmented as follows:
• LED
• Fluorescent
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
Key Questions Answered by Aircraft Lighting Market Report
• What was the Aircraft Lighting Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Aircraft Lighting Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Aircraft Lighting Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
