Stratistics MRC’s Global Aircraft Lighting Market value is expected to reach $5.10 billion growing at a CAGR of 8.8% during 2023-2030.
The various lighting systems and equipment installed on an aircraft to increase visibility and safety while in flight are referred to as aircraft lighting. These lighting systems perform a number of tasks, such as lighting the runway during takeoff and landing, giving pilots visual aids, and communicating the location and status of the aircraft to other pilots and ground personnel. The exterior lights provide illumination for activities like nighttime navigation, landing, checking for icing conditions, and avoiding a midair collision. In addition, interior lighting illuminates the areas used by the crew and passengers, such as the cockpits, cabins, and other areas.
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Over the forecast period, the North American aircraft lighting market is anticipated to expand rapidly. The demand for various types of aircraft lighting, particularly ceiling versions, has increased in this area as a result of the increased necessity for passenger comfort and safety. Record-breaking heat waves have led to a rise in the use of aircraft lighting solutions, particularly in the United States. Additionally, the demand for intelligent lighting systems for aircraft has increased in this region due to the growing popularity of smart homes and appliances.
Some of the key players profiled in the Aircraft Lighting Market include AeroLEDs, Astronics Corporation, Aveo Engineering Group s.r.o., B/E Aerospace, Inc., Beadlight Limited, Bruce Aerospace Inc., Cobham PLC, Collins Aerospace, Diehl Stiftung & Co. KG, Heads Up Technologies, Honeywell International Inc., Luminator Technology Group, Madelec Aero, Oxley Group, Precise Flight Inc., Rockwell Collins, Inc., Safran, Soderberg Manufacturing Company, Inc., STG Aerospace Limited, United Technologies Corporation, Whelen Aerospace Technologies and Zodiac Aerospace.
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Key Developments:
In August 2023, Astronics Corporation, a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced that it has accepted purchase orders to provide certain electrical power distribution, conversion, and vehicle charge control capabilities from ten eVTOL aircraft OEMs who are developing electrical aircraft for emerging air mobility missions. These orders include Astronics’ previously announced program win to provide its enhanced CorePower® electrical power distribution system for the Lilium Jet.
In June 2023, Astronics Corporation, a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced that it has been selected by Airbus to supply Passenger Service Units (PSUs) for the A220 Family of aircraft. This award marks the first PSU collaboration between Astronics and Airbus.
In January 2022, AeroLEDs, LLC is pleased to announce FAA-STC approval for the SunSpot™ 36 and 46 Series LED Landing and Taxi lights on various Sikorsky Models, adding to their already expansive list of FAA certifications. This STC is available exclusively through Sterling Helicopter, enabling owners of rotorcraft covered under this STC to immediately upgrade to the highest performing LED technology on the market today.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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