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.
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.
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| Aircraft Lighting |
The market for aircraft lighting market is concentrated with large number of players operating in the field. The major companies operating in the market includes Honeywell International Inc., Cobham Plc., Zodiac Aerospace, STG Aerospace Ltd., Rockwell Collins, Diehl Stiftung & Co. KG, Astronics Corporation, Oxley Group, United Technologies Corporation, and Bruce Aerospace.
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. . 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.
Source:- The Insight Partners
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