Market Research Report
Aircraft Exterior Lighting - Global Market Outlook (2019-2027)
|Published by||Stratistics Market Research Consulting||Product code||951479|
|Published||Content info||168 Pages
Delivery time: 2-3 business days
|Aircraft Exterior Lighting - Global Market Outlook (2019-2027)|
|Published: July 1, 2020||Content info: 168 Pages||
According to Stratistics MRC, the Global Aircraft Exterior Lighting Market is accounted for $2,657.01 million in 2019 and is expected to reach $4,077.68 million by 2027 growing at a CAGR of 5.5% during the forecast period. Factors contributing to the growth of the market are increasing demand for energy-efficient lighting systems for safe navigation and technical advancements. However, longer lifespan of LED lights is hindering the growth of the market.
An aircraft is furnished with many kinds of lights serving their specific purpose such as safety, landing, or taking off or others. Exterior lights of an aircraft generally make an aircraft more visible to other aircraft, improve pilot visibility during critical phases of flight, and provide illumination for some other specific purpose. The exterior lights are tailored on aircraft specifically with the purpose of visibility in dark areas and difficult weather. Exterior lights also help improve visibility for the pilot in hard phases and provide specific illumination. In low visibility area, bright external lights help in seeing and being seen. The outer side of aircraft is equipped with an array of different exterior lights such as safety lights, formation lights, searchlights, and logo lights. Nowadays, airlines are using advanced lighting systems to increase client satisfaction, enhance infrastructure, and provide value-added services.
Based on the product, the navigation lights segment is going to have a lucrative growth during the forecast period due to the increasing need for safe navigation in the aerospace industry. All aircraft are equipped with a steady light near the leading edge of each wingtip. Navigation lights consist of green light on the right wingtip, the red light on the left wing tip, and white light on the tail of an aircraft. Dual systems are installed often to provide a backup in the event of bulb failure.
By geography, North America is expected to grow at a significant market share during the forecast period due to the presence of some market giants including Honeywell International Inc., UTC Aerospace Systems, Rockwell Collins, Inc., Heads Up Technologies Inc. and Devore Aviation Corporation of America among others. Being a leading manufacturing hub and a pioneer in the aerospace & defence industry, North America is the most worthwhile region in the aircraft exterior lighting market. With the soaring international investments, more aircraft deliveries and government support, the number of distributors and suppliers of aircraft components are growing continuously at a strong rate in the region.
Some of the key players profiled in the Aircraft Exterior Lighting Market include Astronics Corporation, Cobham plc, Devore Aviation Corporation of America, Diehl Stiftung & Co. KG, Soderberg Manufacturing Company Inc., Whelen Aerospace Technologies, SAFRAN Aerosystems, Precise Flight, Inc., Oxley Group, Collins Aerospace, Honeywell International Inc, Zodiac Aerospace, and Heads Up Technologies Inc.
Air Craft Types Covered:
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.