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Aircraft lighting market grow 5.48% CAGR to hit $ 2.94 billion to 2022 according to new research report

Aircraft lighting market grow 5.48% CAGR to hit $ 2.94 billion to 2022 according to new research report

Aircraft lighting market is projected to grow from an estimated USD 2.25 billion in 2017 to USD2.94 billion by 2022, at a CAGR of 5.48% during the forecast period.

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Report at www.rnrmarketresearch.com/contacts…mple?rname=543603

North America is estimated to account for the largest share in the aircraft lighting market in 2017.Major aircraft manufacturers, such as Boeing (US), Lockheed Martin (US), Bombardier (Canada), Bell Helicopter (US), Sikorsky Aircraft (US), BAE Systems (UK), The Raytheon Company (US), and General Dynamics (US), among others, are based in this region, and thus generate high demand for aircraft lights.

Inquire For Complete Report Copy of Aircraft Lighting Market by Aircraft Type (Commercial, Military, Business), Platform (Fixed, Rotary), Light Type (Interior, Exterior), Fit (OEM, Aftermarket), System (Passenger Service Unit, Cockpit Control Unit) - Global Forecast to 2022 www.rnrmarketresearch.com/contacts/543603

This growth can be attributed to factors, such as increased demand for interior light systems, as most of the airlines are upgrading their cabin interiors to increase efficiency and provide better service to passengers.  However, lack of profitable airlines in emerging economies are expected to restrain the growth of this market.

Based on the fit, the OEM segment is estimated to account for the largest share in the aircraft lighting market in 2017.The OEM phase is one of the crucial phases of the aircraft lighting market, as post-delivery, retrofit modification is cumbersome for airlines.

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Most aircraft light providers offer the line fit option, as it is easier to customize the aircraft light according to the airline’s requirement before the aircraft is delivered.

Target Audience:

  • Aircraft Manufacturers
  • Aircraft Lighting Component Manufacturers
  • Airline Companies
  • Government Agencies
  • Investors and Financial Community Professionals
  • Research Organizations

Report at www.rnrmarketresearch.com/contacts/?rname=543603

Top Companies Analyzed for Aircraft Lighting Market are –

  • Cobham PLC
  • Honeywell International Inc
  • Diehl Stiftung & Co. Kg
  • Zodiac Aerospace
  • United Technologies Corporation.
  • STG Aerospace Limited.
  • Rockwell Collins
  • Oxley
  • Soderberg
  • Astronics Corporation

This research report categorizes the aircraft lighting market on the basis of light type {interior light (reading light, ceiling and wall lights, signage light, floor path strips, and lavatory lights) and exterior light (position lights, landing lights, wing & engine inspection lights, runway turn off lights, logo light, anti-collision lights, cargo and service lights, emergency lights and takeoff lights)}, aircraft type {commercial aviation (narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft), military aviation (fighter jet, military helicopter) and business aviation (business jets, ultra light aircraft)}, platform (fixed wing and rotary wing),  fit (OEM, aftermarket and MRO), and system (passenger service unit and cockpit control unit). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa.

 Report at www.rnrmarketresearch.com/contacts/?rname=543603

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