Commercial Aircraft Lighting Market Segmentation By Product Type (Interior and Exterior); By Aircraft Type (Narrow-Body, Wide-Body, and Others); By Technology (Traditional, LED and Others); By Fit (Line fit and Retrofit) and By Merchant (OEM and Aftermarket) – Global Demand Analysis & Opportunity Outlook 2028

Buy Now Report ID: 2551 | Published Date: Feb 07, 2023

Growth Drivers

Growing Demand for Commercial Airlines Backed by the Increase In Air Traffic To Promote Market Growth

According to the statistical report published by The World Bank in the year 2018, The International Civil Aviation Organization, Civil Aviation Statistics of the World and ICAO staff, estimated that the passenger air traffic accounted for approximately 4.233 billion.

Passengers are increasingly opting for air travel as means of transportation owing to the numerous benefits associated with air travel, such as low travelling time, can travel larger distances at a shorter period of time, along with decreasing air fares, backed by the increasing adoption of dynamic pricing model for flight bookings. A gradual rise in the household disposable income of people globally has contributed to the increasing number of people taking the sky route option for travel. The airline industry has become more economical over the years, and the spurring competition in the dynamic pricing model has led to attractive passenger prices. Moreover, the increase in demand for wide-body aircraft type owing to the numerous advantages associated with the aircraft body type, such as large passenger-carrying capacities, along with the increase in aircraft deliveries across the globe, and the need to enhance travel experience are also anticipated to drive the growth of the global commercial aircraft lighting market over the forecast period.

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Market Size and Forecast

The commercial aircraft lighting market is thriving on the back of growing number of passengers that are increasingly opting for air travel as a means of transportation, which has raised the necessity of airline operators in the airline industry to purchase new aircrafts, so as to accommodate the increasing number of passengers, which in turn is anticipated to contribute towards the growth of the commercial aircraft lighting market globally. The global commercial aircraft lighting market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by product type into interior lights and exterior lights. Among the product type segment, the interior light segment is anticipated to grow at a fast pace. LED lamps are known to be energy efficient. Increasing concern amongst aircraft manufacturers to create energy efficient aircrafts by utilizing energy efficient systems and equipment, is anticipated to raise the need for the upgradation of the existing aircraft lighting with the LED technology lamps. Moreover, increasing awareness for concepts such as mood lighting, which allows the airline crew to set different color lighting to create a beautiful ambience and greater customer experiences are some of the factors anticipated to drive the growth of the interior light segment over the forecast period. Furthermore, based on aircraft type, the market is segmented into narrow body and wide body. Among these segments, the wide-body type segment is expected to see a significant growth over the forecast period owing to greater efficiency, along with the fact that such aircrafts are used significantly for high-traffic routes, typically linking foreign destinations, backed by numerous benefits associated with the aircraft body type. 



Providing Elements Of The Same Design Over The Life Cycle Of An Aircraft

Despite the growing market for commercial aircraft lighting, delivering elements of the same design over the life cycle of an aircraft with new technology is a big challenge. On an average, an aircraft carrier's life cycle is about 25 years while lighting components last a few years. Such systems have a lifetime of approximately two years, which generates the need for continuous service delivery up-gradation. Also, most of the sales occur through the OEM market, and negotiations in terms of price are expected to hamper its development in the global industry. Hence, manufacturers concentrate on revenue generation through collaborations with service providers, which is anticipated to restrict the growth of the global commercial aircraft lighting market.

Market Segmentation

Our in-depth analysis of the commercial aircraft lighting market includes the following segments:

By Product Type

  • Interior
  • Exterior

By Aircraft Type

  • Wide Body
  • Narrow Body

By Technology Type

  • Traditional
  • LED
  • Others

By Fit Type

  • Retro
  • Line

By Merchant

  • OEM
  • Aftermarket

By Region

Based on regional analysis, the global commercial aircraft lighting market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America, followed by Europe, holds a significant share of the world commercial aircraft lighting market, attributable to the developed commercial aviation industry in these regions. Collins, Boeing 's, and other big players present in the U.S. and Europe are expected to significantly contribute to the increasing regional demand. Growing passenger numbers, demand for new aircraft, and gradual replacement of traditional lights with advanced lighting solutions are other key factors driving the North American market for commercial aircraft lighting. The market in Asia-Pacific is expected to develop significantly on account of emerging economies like China and India. These countries are expected to witness significant growth in the aviation industry, backed by the privatization initiatives partnered with government investment plans.

The global commercial aircraft lighting market is further classified based on region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


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Top Featured Companies Dominating the Market

    • Honeywell International Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • STG Aerospace Limited
    • Bruce Aerospace Inc.
    • United Technologies Corporation
    • Astronics Corporation
    • Diehl Stiftung & Co
    • Soderberg Manufacturing Co. Inc.
    • Luminator Holding, L.P.


In The News

  • April 2019: Collins Aerospace, one of the world's largest suppliers of aerospace and defense products, launched reading lights for aircraft interiors with μLED (micro-LED) technology, that promises longer service life (up to 40,000h longer than standard lights) and lighter weight, as well as allowing for the integration of reading and dome lights with cabin lighting.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Ipsheeta Dash, Sadaf Naaz

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