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Aircraft lighting market worth 2.94 billion USD by 2022 according to new research report

Aircraft lighting market worth 2.94 billion USD by 2022 according to new research report

The aircraft lighting market was valued at USD 2.13 Billion in 2016 and projected to reach USD 2.94 Billion by 2022, at a CAGR of 5.48% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

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According to the new market research report "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", The aircraft lightingmarket is projected to grow from an estimated USD 2.25 Billion in 2017 to USD 2.94 Billion by 2022, at a CAGR of 5.48% during the forecast period. Increase in aircraft orders, increased passenger traffic, and increased upgradation of aircraft are some of the key factors driving the aircraft lighting market.

Browse 344 Market Data Tables and 57 Figures spread through 114 Pages and in-depth TOC on "Aircraft Lighting Market - Global Forecast to 2022"
www.marketsandmarkets.com/Market-R…-market-1092.html

Based on light type, the interior light segment in the aircraft lighting market is estimated to be the fastest-growing market during the forecast period

The interior light segment in the aircraft lighting market is estimated to be the fastest-growing during the forecast period.

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This growth is attributed to an increase in the demand for ceiling and wall lighting for aircraft.

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Based on aircraft type, the commercial aviation segment in the aircraft lighting market is projected to grow at the highest CAGR from 2017 to 2022

Based on aircraft type, the commercial aviation segment is projected to grow at the highest CAGR during the forecast period. Increase in aircraft orders and demand for enhanced passenger experience, especially in long-haul aircraft is one of the key factors driving this segment of the aircraft lighting market.

Based on platform, the fixed wing segment in the aircraft lighting market is projected to grow at a higher CAGR from 2017 to 2022

Based on platform, the fixed wing segment in the aircraft lighting market is projected to grow at the highest CAGR during the forecast period. The growth can be attributed to increased aircraft orders by airlines globally.

Based on fit, the aftermarket segment in the aircraft lighting market is projected to grow at the highest CAGR from 2017 to 2022

Based on fit, the aftermarket segment in the aircraft lighting market is projected to grow at the highest CAGR during the forecast period. The growth can be attributed to increased upgradation of existing aircraft by airlines globally.

Based on system, the passenger service unit segment in the aircraft lighting market is projected to grow at the highest CAGR from 2017 to 2022

Based on system, the passenger service unit segment in the aircraft lighting market is projected to grow at the highest CAGR during the forecast period. The growth can be attributed to increase in aircraft deliveries and upgradation of existing aircraft by airlines globally.

Report: www.marketsandmarkets.com/.asp?id=1092

Asia Pacific is expected to be the fastest-growing market for the aircraft lighting market during the forecast period

Asia Pacific is expected to be the fastest-growing market during the forecast period. The growth is largely due to an increase in air passenger traffic in emerging countries such as India and China and rise in commercial aircraft manufacturers in the region.

Major players operating in the aircraft lighting market include Zodiac Aerospace (France), United Technologies (US), Diehl Stiftung & Co. KG (Germany), Rockwell Collins (US), and Honeywell (US).

These key players offer various aircraft light types including reading lights, ceiling lights, lavatory lights, signage lights, and wall lights. These companies have well equipped manufacturing facilities and strong distribution networks across North America, Europe, and the Asia Pacific.

 

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