Sep 23, 2020 10:42 AM ET
iCrowd Newswire – Sep 23, 2020
Technological developments are essential for continuously driving the market as the demand for lights migrate from incandescent to LED lights and other modern-day solutions. Thus, manufacturers in the aircraft lighting market are focused on developing novel systems that facilitate ease in installation, long life provides lower maintenance, and weight savings of the aircraft.
Aircraft lighting system plays a vital role in the overall functioning of aircraft and it also adds aesthetically to the design of the aircraft. Lighting has a significant impact on the cabin environment and enhances the interior of the aircraft. There is continuous development in improving overall look and design of interior & exterior lighting system for airplanes. Airline companies are more inclined towards installing LED lighting instead of conventional incandescent, halogen, and fluorescent tube systems considering the overall savings in the maintenance of aircraft.
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The global aircraft lighting market is anticipated accounted to US$ 2.21 Bn in 2017 and is expected to grow at a CAGR of 4.2% during the forecast period 2018 – 2025, to account to US$ 3.03 Bn by 2025.
Growth in the recent five years is primarily driven by three major factors, such as rising demand for energy efficient aircraft lights and noteworthy increase in aircraft deliveries.
The global aircraft lighting market is experiencing a decent growth with regards to the investments, trials being carried out and deployment for future in the current scenario. The market for aircraft lighting consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technologies and products to their customers. The aircraft manufacturers on the other hand, are procuring the advanced technologies from the aircraft component manufacturers to deliver aircrafts integrated with enhanced technologies. This factor is helping the market for aircraft lighting to surge over the period. Moreover, the increase in defense budgets in developing countries as well as developed regions, is facilitating the military forces to procure increased numbers of advanced technology aircrafts as well as aircraft components including different lighting solutions. This factor is helping in proliferation of aircraft lighting market in the current scenario.
Strategic Insights
Few of the recent strategies by some of the players in aircraft lighting market landscape are listed below-
2018: Astronics Corporation signed a contract with Jamco Corporation to provide next-generation seat motion and lighting systems. Under the agreement, Astronics PGA will provide a complete seat motion and lighting system for passenger comfort in the Venture seat.
2018: Diehl Aviation signed an agreement with US-based aircraft manufacturer, Boeing. Under this agreement Diehl Aviation will develop and supply emergency power supply equipment for all versions of the 787 Dreamliner aircraft. The company’s unit Diehl Aerospace has already started the development work of the “Emergency Lighting Power Systems” (ELPS) for the aircraft type, with series deliveries expected early in next decade.
2018: Switzerland-based AMAC Aerospace selected a full suite of Rockwell Collins’ cabin products for the world’s first Airbus ACJ320neo VIP aircraft. The complete cabin suite includes, Venue cabin management system, Stage on demand total content delivery solution, Airshow Moving Map and innovative Viu flexible LED interior lighting system.
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Keywords: Aircraft Lighting Market, Aircraft Lighting Market 2020, Aircraft Lighting Market 2027, 2020 Aircraft Lighting Market, 2027 Aircraft Lighting Market