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Aircraft Lighting Market to Reach $1,237.6 Million by 2027; Astronics Corporation Wins Contract from Jamco to Deliver Lighting and Seat Motion Systems

January 15, 2021 | Aerospace & Defense

The global aircraft lighting market size is projected to reach USD 1,237.6 million by 2027. The increasing development of the next-generation photoluminescent strips for surging power and fuel efficiency in aircraft will affect growth positively. This information is given in a new study by Fortune Business Insights™, titled, “Aircraft Lighting Market Size, Share & COVID-19 Impact Analysis, By Aircraft Type (Fixed Wing (Commercial Aircraft, Military Aircraft, and Business Jets and General Aircraft), and Rotary Wing (Commercial Helicopter, and Military Helicopter)), By Lighting Type (Interior Lights (Signage lights, Ceiling & Wall Lights, Floor Path Lighting, Reading Light, and Lavatory lights), and Exterior Lights (Emergency Lights, Navigation Lights, and Others)), By Point of Sale (OEM, and Aftermarket), and Regional Forecast, 2020-2027.” The study further mentions that the market stood at USD 921.2 million in 2019. It is set to exhibit a CAGR of 9.76% during the forecast period between 2020 to 2027.


Elliott Technologies Adds StandardAero in Its Dealer Network to Provide Prizm Lighting


In September 2020, Elliott Technologies signed a new agreement with StandardAero to add the latter in its U.S. dealer network. This development will help end-users to gain access to Prizm Lighting for installation at any StandardAero facility. These lights are equipped with mood lighting that can be controlled by the existing cabin lighting controls, as well as a mobile app.


Increasing Investments in Developing Innovative Systems to Aid Growth


The airlines industry is nowadays aiming to refine the comfort and travel experience of passengers across the globe by installing or modernizing the interior components of aircraft. Hence, numerous renowned aircraft lighting manufacturers are investing huge sums in developing state-of-the-art systems. STG Aerospace Limited, for instance, achieved a contract in April 2019 to provide liTeMood lighting system for TAP Air Portugal’s Airbus A330 aircraft fleets. These factors are anticipated to favor the aircraft lighting market growth in the near future. However, the COVID-19 pandemic has taken a toll on the industry by declining the demand for commercial aircraft. It may obstruct the overall market growth.


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


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


Key Companies Focus on Winning New Contracts to Deliver Their In-house Products


The market for aircraft lighting is fragmented with the presence of a large number of companies that are persistently striving to gain a competitive edge. To do so, they are trying to bag new orders of their in-house systems from renowned firms and government agencies. Some of the others are focusing on debuting new designs to cater to the high demand.


Fortune Business Insights™ lists out the names of all the prominent aviation lighting providers operating in the global market. They are as follows:



  • Astronics Corporation (The U.S.)

  • Aveo Engineering Group s.r.o (Czechia)

  • Bruce Aerospace (The U.S.)

  • Cobham plc (The U.K.)

  • Collins Aerospace (The U.S.)

  • Diehl Stiftung & Co. KG (Germany)

  • Honeywell International Inc. (The U.S.)

  • Luminator Technology Group (The U.S.)

  • Oxley Group (The U.K.)

  • Safran (France)

  • Soderberg Manufacturing Company (The U.S.)

  • STG Aerospace Limited (The U.K.)


A Significant Industry Development-



  • July 2018: Astronics Corporation, an aerospace electronics corporation based in the U.S. declared that Astronics PGA, its wholly-owned subsidiary, bagged a new contract from Jamco, an aircraft engine company. As per this contract, Astronics will deliver its next-generation lighting and seat motion systems for the latter’s Venture seat program.


Further Report Findings-



  • In 2019, North America generated USD 290.1 million in terms of revenue. This growth is attributable to the increasing usage of LED aircraft lighting technology. These are also energy-efficient.

  • Europe is set to remain in the second position on account of the presence of a large number of renowned companies, such as Diehl Stiftung & Co. KG, STG Aerospace Limited, Safran, and Cobham plc. These are situated in the U.K., Germany, and France.

  • Based on the lighting type, the interior lights segment held 67.84% in terms of the aircraft lighting market share in 2019. The rising need to enhance passenger comfort while flying for a long period is set to drive this segment. Besides, the increasing installation of innovative airplane lighting systems that will allow passengers to control them through smartphones will aid growth.


The global market for aircraft lighting can be segmented in the following way:











































ATTRIBUTES    



DETAILS        



Study Period



2016-2027



Base Year



2019



Forecast Period



2020-2027



Historical Period



2016-2018



Unit



Value (USD Million)



By Segmentation



By Aircraft Type



  • Fixed Wing


    • Commercial Aircraft

    • Military Aircraft

    • Business Jets and General Aircraft


  • Rotary Wing


    • Commercial Helicopter

    • Military Helicopter




By Lighting Type



  • Interior Lights


    • Signage lights

    • Ceiling & wall lights

    • Floor path lighting

    • Reading Light

    • Lavatory lights


  • Exterior Lights


    • Emergency lights

    • Navigation lights

    • Others




By Point of Sale



  • OEM

  • Aftermarket



By Region



  • North America (By Aircraft Type, Lighting Type, Point of Sale, and By Country)




    • The U.S. (Lighting Type)

    • Canada (Lighting Type)




  • Europe (By Aircraft Type, Lighting Type, Point of Sale, and By Country)




    • The U.K (Lighting Type)

    • France (Lighting Type)

    • Germany (Lighting Type)

    • Italy (Lighting Type)

    • Rest of Europe (Lighting Type)




  • Asia Pacific (By Aircraft Type, Lighting Type, Point of Sale, and By Country)




    • China (Lighting Type)

    • India (Lighting Type)

    • Japan (Lighting Type)

    • Australia (Lighting Type)

    • Rest of Asia Pacific (Lighting Type)




  • The Middle East (By Aircraft Type, Lighting Type, Point of Sale, and By Country)




    • UAE (Lighting Type)

    • Saudi Arabia (Lighting Type)

    • Rest of the Middle East (Lighting Type)




  •  Rest of the World ((By Aircraft Type, Lighting Type, Point of Sale, and By Sub-region)




    • Latin America (Lighting Type)

    • Africa (Lighting Type)



Global Aircraft Lighting Market
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  • 2020
  • 2017-2019
  • 200

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