Aircraft lighting market by aircraft type, light source, end user | COVID-19 impact analysis
The report “Aircraft lighting market by aircraft type (commercial, military, business jets & general aviation, helicopter), light source (LED, fluorescent), light type (interior lighting, exterior lighting), end user (OEM, aftermarket), regional forecast to 2030 ″is estimated to be $ 826 million by 2020 and is expected to reach $ 1,987 million by 2030, which is 9.2% CAGR from 2020 to 2030. The increasing demand for better flight experience and comfort as well as the increase in passengers Traffic is leading to an increase in aircraft orders worldwide. These factors are expected to drive the growth of the aircraft lighting market in the forecast period.
The aircraft lighting market has grown in importance in recent years due to the presence of several established companies and start-ups. Key players in the aircraft lighting market include Astronics (United States), Cobham (United States), Honeywell (United States), Collins Aerospace (United States), IFE Products (United States), Diehl Foundation (Germany), STG Aerospace (United Kingdom), and Oxley Group ( UK) among others.
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Search 418 market data, tables and 47 figures, spread over 327 pages and detailed table of contents “Aircraft lighting market – global forecast until 2030”
The interior lighting segment is expected to achieve a higher CAGR from 2019 to 2030
Based on the light type, it is expected that the indoor lighting segment will grow with a higher CAGR in the forecast period compared to the outdoor lighting segment. The interior lighting affects the mood of the passenger. Therefore, manufacturers focus on developing atmospheric interior lighting products that are able to change colors according to the requirements and moods of the passenger.
The OEM segment is expected to grow from 2019 to 2030 with a higher CAGR
Based on the end user, it is expected that the OEM segment will grow with a higher CAGR in the forecast period compared to the aftermarket. The demand for single-aisle aircraft in the Asia-Pacific region has increased significantly. OEMs offer lighting products that can be adapted to the ambience of the airline. The increase in aircraft deliveries and the growing focus of airlines on providing customizable lighting to increase passenger comfort should fuel the growth of the OEM segment.
The market for aircraft lighting in the Asia-Pacific region is expected to grow from 2019 to 2030 with the highest CAGR
Due to the region, the Asia Pacific region is expected to grow significantly over the forecast period due to growing passenger traffic and the need for environmentally friendly LED aircraft lights during the forecast period, particularly in countries such as China, India and Japan. In addition, the increasing number of long-haul flights and aircraft orders in these countries is driving demand for durable exterior and interior lighting systems for aircraft to ensure efficient cabin lighting.
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This article originally appeared on www.abnewswire.com