Introduction To Commercial Aircraft Lighting
Aircraft lighting systems provide both exterior and interior illumination. Exterior lights provide illumination for operations such as night landing, icing circumstances evaluation, and midair collision safety. Interior lightings are used for instruments, hangars, cabins, and other areas used by members of the crew and passengers, and provides illumination. Many special lights, such as indicator lights and warning lights, show equipment operating status. Mood lighting features such as sunrise simulation and sunsets are currently being introduced in the aircraft to provide passengers with improved travel experience, as good lighting is regarded to be the second most important aspect in passenger comfort.
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. CLICK TO DOWNLOAD SAMPLE REPORT
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.
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.
Our in-depth analysis of the commercial aircraft lighting market includes the following segments:
By Product Type
By Aircraft Type
By Technology Type
By Fit Type
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:
Top Featured Companies Dominating the Market
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization