Aircraft LED Market - By Aircraft (Narrow-Body, Wide-Body, Regional Jet, General Aviation), By end use, (Ceiling and Side-Wall Lights, Emergency Lights, Sign Lights, Cockpit Lights, Others) By End-Use Industry & Forecast, 2023

Description

List of Tables

Aircraft LED market is expected to observe over 10% CAGR between 2023 and 2032 fueled by a convergence of technological advancements and a growing emphasis on efficiency & sustainability. The airline companies are relentlessly pursuing fuel efficiency with reduced operational costs, seeking areas such as lighting to upgrade.

In June 2023, STG Aerospace launched the first product under its Universal Lighting Family, the Curve. This product will be used as a part of cabin lighting as airlines look to emulate the airframers. Airlines are increasingly adopting LED lighting systems to illuminate their aircraft cabins, leveraging the energy efficiency of these lights to lower fuel consumption. As the aviation industry strives to strike a balance between environmental responsibility and operational excellence, the adoption of LED lighting solutions will widen.

The aircraft LED market is classified based on aircraft, application, end-use, and region.

The wide-body aircraft segment is anticipated to witness substantial growth through 2032. With the demand for long-haul flights on the rise, airlines are investing in wide-body aircraft to accommodate the globe-trotting passengers. These larger aircrafts, renowned for their spacious interiors, are turning to LED lighting solutions for their superior performance and enhanced aesthetic appeal. LED lights not only provide a more comfortable and inviting ambiance but also play a pivotal role in reducing the overall weight of the aircraft, contributing to fuel efficiency and operational cost savings.

The ceiling and side-wall lights segment is expected to generate massive revenues by 2032, driven by the focus on aesthetics and functionality. In the intricate tapestry of aircraft interiors, these lights truly steal the spotlight. Aircraft designers and manufacturers are leveraging the versatility of LED lights to create immersive and customizable lighting experiences for passengers. Beyond aesthetics, LED lights in ceiling and side wall are designed to be more durable and reliable, ensuring a consistent and long-lasting illumination that aligns with the stringent safety standards of the aviation industry.

Europe Aircraft LED industry size will grow significantly through 2032 owing to the constant innovations and early adoption of technology. European airlines, known for their commitment to sustainability, are at the forefront of embracing LED lighting solutions. With regulatory bodies encouraging energy-efficient practices, the adoption of LED technology in aircraft is becoming not just a choice but a necessity for compliance. The typical balance of environmental responsibility and technological progress is encouraging the LED manufacturers and airlines to collaborate for comfortable yet eco-friendly flight experiences, augmenting the industry growth.

Product Code: 7176

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Aircraft LED market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 By aircraft trends
2.5 By application trends
2.6 By end use trends

Chapter 3 Aircraft LED Market Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Increased demand for commercial aircraft
  - 3.10.1.2 Shift from incandescent to LED lights
  - 3.10.1.3 Rising demand for LED lighting systems for aircraft exteriors
  - 3.10.1.4 Increasing adoption of smart LED lighting systems
  - 3.10.1.5 Technological advancements
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 High Initial Investment
  - 3.10.2.2 Calibration and maintenance
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Astronics Corporation
- 4.3.2 Aveo Engineering Group
- 4.3.3 Collins Aerospace
- 4.3.4 Cree, Inc.
- 4.3.5 Diehl Aviation
- 4.3.6 Honeywell Aerospace
- 4.3.7 Luminator Aerospace
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Aircraft LED Market Estimates & Forecast, By aircraft (Revenue & Units)

5.1 Key trends, by aircraft
5.2 Narrow-body
5.3 Wide-body
5.4 Regional Jet
5.5 General Aviation

Chapter 6 Aircraft LED market Estimates & Forecast, By application (Revenue & Units)

6.1 Key trends, by application
6.2 Ceiling and Side-Wall Lights
6.3 Emergency Lights
6.4 Sign Lights
6.5 Cockpit Lights
6.6 Others

Chapter 7 Aircraft LED market Estimates & Forecast, By end use (Revenue & Units)

7.1 Key trends, by end use
7.2 Aftermarket
7.3 OEM

Chapter 8 Aircraft LED market Estimates & Forecast, By Region (Revenue & Units)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Russia
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE

Chapter 9 Company Profiles

9.1 Astronics Corporation
9.2 Aveo Engineering Group
9.3 Collins Aerospace
9.4 Cree, Inc.
9.5 Diehl Aviation
9.6 Honeywell Aerospace
9.7 Luminator Aerospace
9.8 Precise Flight, Inc.
9.9 Rockwell Collins
9.10 Safran
9.11 STG Aerospace
9.12 UTC Aerospace Systems