Aircraft Lighting Market to Exhibit 8.45% CAGR from 2023 to 2030; Advancements in Aviation Lighting for Unmatched Passenger Experience to Promote Market Growth

The global aircraft lighting market size was valued at USD 2.26 billion in 2022. The market is projected to grow from USD 2.50 billion in 2023 to USD 4.41 billion by 2030, exhibiting a CAGR of 8.45% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Aircraft Lighting Market Size, Share & COVID-19 Impact Analysis, By Aircraft Type (Fixed Wing and Rotary Wing), By Lighting Type (Interior Lights and Exterior Lights), By Point of Sale (OEM and Aftermarket), and Regional Forecast, 2023 – 2030”.

The primary emphasis of the lighting system in aircraft is on interior lights, which play a crucial role in ensuring passenger safety and comfort. Cabin lighting holds significant importance in delivering an exceptional in-flight experience for passengers. Leading players in the market are increasingly investing in the development of interior and exterior lighting solutions with advanced features such as high illumination capabilities and cost-effective maintenance. This investment is expected to fuel market growth over the projected timeframe.

Disruption in Airport Operations and Fluctuating Aircraft Values Stifled Growth During Pandemic

The pandemic had a profound impact on airport operations, causing a complete halt in activities such as aircraft procurement and demand generation for new aircraft. This disruption had far-reaching consequences, affecting the production process and the overall supply chain of aircraft production and procurement. Additionally, the values of aircraft experienced significant fluctuations, with narrow-body aircraft, in particular, being sold at higher rates than usual. This unexpected shift in aircraft values resulted in order cancellations from major airlines globally.

Diehl Aerospace Secures Contract Extension with Boeing for Interior Lighting System on Boeing 787 Dreamliner

Diehl Aerospace, a subsidiary of Diehl Aviation, received a contract extension from Boeing in February 2022. Under this agreement, Diehl Aerospace will continue to deliver the interior lighting system for the Boeing 787 Dreamliner. The initial contract for the development and serial production of LED interior lighting for the Boeing 787 Dreamliner was signed back in 2005.

Growing Demand for Aircraft Renewal and Refurbishment Drives Need for Upgraded Lighting Solutions

In recent times, there has been an increase in demand for the renewal and refurbishment of aging aircraft and business jets. As a significant number of aircraft retire each year, there is a growing need to refurbish and renew these old aircraft for use as passenger or freighter aircraft. Many airlines and operators have recognized this trend and have started refurbishing their old aircraft, including upgrading the lighting systems to the latest technology.

However, backlog of deliveries presents challenges to aircraft lighting market growth.

Key Players in the Market Focus on R&D and Strategic Collaborations for Portfolio Expansion

The market is characterized by a fragmented landscape, with multiple key players involved. To expand their product and brand portfolios, these players are increasingly investing in research and development activities and emphasizing strategic acquisitions and collaborations.

Notable Industry Development

• July 2022- Lilium Air Mobility, an aerospace components manufacturer, partnered with Diehl Aviation to develop aircraft Lighting components. The components include cabin floor, panels, ceiling, and lights to name a few.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/aircraft-lighting-market-104658

List of the Companies Profiled in the Report

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  • Astronics Corporation (U.S.)
  
  
  • Aveo Engineering Group s.r.o (Czech Republic)
  
  
  • Bruce Aerospace (U.S.)
  
  
  • Cobham plc (U.K.)
  
  
  • Collins Aerospace (U.S.)
  
  
  • Diehl Stiftung & Co. KG (Germany)
  
  
  • Honeywell International Inc. (U.S.)
  
  
  • Luminator Technology Group (U.S.)
  
  
  • Oxley Group (U.K.)
  
  
  • Safran (France)
  
  
  • Soderberg Manufacturing Company (U.S.)
  
  
  • STG Aerospace Limited (U.K.)
  
  
  
  

Further Report Findings

• The North America aircraft lighting market share was valued at USD 0.71 billion in 2022. With its position as the largest market globally, North America has been driving significant technological advancements and innovative designs in aircraft lighting.


• Asia Pacific is expected to experience the highest CAGR in the market. This growth can be attributed to the increasing number of Original Equipment Manufacturers (OEMs) and the expansion of the aviation industry in the region.

Table of Segmentation