The aircraft lighting system industry holds a great potential, owing to the rise in the global aviation industry and increase in air traffic.
PORTLAND, OREGON, UNITED STATES, October 26, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Aircraft Lighting Systems Market,” The aircraft lighting systems market was valued at $1.5 billion in 2020, and is estimated to reach $2.3 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030.
๐๐๐ฉ ๐๐ฃ๐จ๐๐๐ ๐๐๐ค๐ค๐ฅ ๐ค๐ ๐ฉ๐๐ ๐ง๐๐ฅ๐ค๐ง๐ฉ, ๐ง๐๐ฆ๐ช๐๐จ๐ฉ ๐๐ค๐ง ๐จ๐๐ข๐ฅ๐ก๐:- https://www.alliedmarketresearch.com/request-sample/2405
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ป๐ฎ๐บ๐ถ๐ฐ๐
The aircraft lighting system industry holds a great potential in the future, owing to the rise in the global aviation industry and increase in air traffic in developed and developing regions. Arrival of LED lights having a long lifespan, low maintenance, and increased operational efficiency has disrupted business dynamics. Initiatives taken by aircraft lighting system manufacturers to offer custom interior lighting arrangements as per client requirements is expected to drive market competitiveness. In addition, innovative lighting ideas to improve inflight experience of passengers is expected to drive new business opportunities in the coming years.
In addition, the aircraft lighting system market share is highly regulated by various government bodies and regulatory organizations across the globe. Industry players operating within the market enjoy freedom in designing and integrating the interior arrangement of aircraft lighting, string regulations need to be followed by integration of exterior aircraft lighting systems. Regular A, B, C, and D checks of an aircraft during MRO with a substantial focus on effective operations of aircraft lighting is also one of the major factors that drive the market growth.
๐๐๐ ๐ ๐ ๐๐ช๐ง๐๐๐๐จ๐ ๐๐ฃ๐ฆ๐ช๐๐ง๐ฎ:- https://www.alliedmarketresearch.com/purchase-enquiry/2405
By position, the market is categorized into interior lighting and exterior lighting. Interior lighting is expected to witness a lucrative growth rate over the coming years. The platform market segment encompasses commercial aircraft, general aviation, private aircraft, and freighter aircraft. The commercial aircraft segment is expected to witness highest market share in the coming years, whereas the general aviation and private aircraft segment is expected to witness highest growth rate, owing to rise in custom interior lighting of private aircraft owners. By lighting type, the LED segment is expected to witness highest growth rate during the forecast period.
๐๐ป๐ฎ๐น๐๐๐ ๐ฅ๐ฒ๐๐ถ๐ฒ๐
Factors such as the revival of the aviation industry and increase in air traffic in metropolitan locations is expected to supplement growth of the aircraft lighting system market. The total number of passengers across the globe has reached 47% of the pre-covid level and is expected to reach 83% by the end of 2022. Total number passengers as of 2024 is expected to reach 4 billion, exceeding the pre-covid situation. Customized lighting systems offered by industry players to cater to unique demands of customers have emerged as a unique strategic initiative practiced by industry players to increase their market share. The trend of customization is largely noticed in the interior segment of private jets. Rise in acquisition of private jets by business tycoons and ultra-reach individuals across the globe supports business opportunities in the aircraft lighting system market.
By position, the interior lighting segment is expected to witness highest growth rate. By platform, the commercial aircraft segment incurs higher share within. By lighting type, the LED segment is expected to hold highest growth rate during the forecast period. By end use, the OEM segment held majority of the market share in 2020. Presently, Asia-Pacific is the highest revenue contributor, and is expected to garner highest revenue in the global market during the forecast period, followed by Europe, North America, and LAMEA.
๐ง๐ต๐ฒ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐
Astronics Corporation
Cobham Aerospace Communications
Collins Aeropsace
Diehl Stiftung & Co. KG
Geltronix
Hoffman Engineering
Honeywell International Inc.
Luminator Aerospace, Safran
STG Aerospace Limited.
๐๐ค ๐๐ช๐ง๐๐๐๐จ๐ ๐ฉ๐๐๐จ ๐๐ง๐๐ข๐๐ช๐ข ๐๐๐ฅ๐ค๐ง๐ฉ:- https://www.alliedmarketresearch.com/aircraft-lighting-systems-market/purchase-options
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
Aircraft Turbocharger Market : https://www.alliedmarketresearch.com/aircraft-turbocharger-market-A07108
Ultralight Aircraft Market : https://www.alliedmarketresearch.com/ultralight-aircraft-market
Aircraft Doors Market : https://www.alliedmarketresearch.com/aircraft-doors-market-A09098
David Correa
Allied Analytics LLP
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