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Aircraft LED Market is predicted to reach USD 2.45 billion at a CAGR of 10.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Aircraft LED Market”.


The Aircraft LED market is estimated to register a CAGR of 10.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Aircraft LED market— Astronics Corporation, Aveo Engineering Group, Collins Aerospace, Cree, Inc., Diehl Aviation, Honeywell Aerospace, Luminator Aerospace, Precise Flight, Inc., Rockwell Collins, Safran, STG Aerospace, and UTC Aerospace Systems.


Aircraft LED  Market Highlights


The global Aircraft LED market is accounted to register a CAGR of 10.50% during the forecast period and is estimated to reach USD 2.45 billion by 2032.


The primary driver of the global Aircraft LED market is the compelling shift towards energy-efficient and technologically advanced lighting solutions in the aviation industry. LED (Light Emitting Diode) technology, with its notable energy efficiency and longevity, has emerged as a pivotal element in modernizing aircraft lighting systems. Airlines and aircraft manufacturers are increasingly adopting LED solutions to reduce operational costs through lower energy consumption and extended lifespan, aligning with a broader industry focus on sustainability. Additionally, the superior performance characteristics of LED lights, such as instant brightness, durability, and adaptability to various aircraft environments, contribute to enhanced safety and operational efficiency. The demand for these advanced lighting systems is further propelled by regulatory initiatives promoting energy efficiency and safety standards, solidifying the position of LED technology as a key driver in shaping the future of the Aircraft LED market.


Segment Analysis


The global Aircraft LED market has been segmented based on Aircraft, Application, and End Use.


Based on Aircraft, the global Aircraft LED market has been segmented into Narrow-Body, Wide-Body, Regional Jet, and General Aviation. The narrow-body segment was expected to hold the largest market share in 2022. Narrow-body airplanes, frequently utilized for flights of short to medium duration, are witnessing substantial demand growth driven by the rising favoritism for point-to-point travel.


Based on Application, the global Aircraft LED market has been segmented into Ceiling and Side-Wall Lights, Emergency Lights, Sign Lights, Cockpit Lights, and Others. The ceiling and side-wall lights segment was anticipated to hold the major market share in 2022. This can be credited to a growing emphasis on improving passenger experience and the visual appeal of the cabin. Ceiling and side-wall lights play a crucial role in establishing a well-lit and comfortable cabin environment for passengers.


Based on End Use, the global Aircraft LED market has been segmented into OEM and Aftermarket. The aftermarket segment was expected to hold the biggest market share in 2022. The aftermarket sector is asserting its dominance as airlines and operators actively pursue upgrades and retrofits for existing aircraft, incorporating cutting-edge LED lighting technologies.


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Regional Analysis


The global Aircraft LED market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Aircraft LED market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Aircraft LED market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Aircraft LED market comprises of Middle East, Africa, and Latin America.


The largest market share for Aircraft LED was maintained by the North American regional sector driven by a robust aviation industry marked by major aircraft manufacturers, airlines, and technological innovators. The region's emphasis on cutting-edge technologies, including LED lighting solutions, is fueled by the presence of industry giants like Boeing and Airbus, alongside a substantial fleet of commercial and private aircraft. Stringent regulatory standards from organizations like the Federal Aviation Administration (FAA) further propel the adoption of advanced and compliant lighting systems, aligning with North America's focus on energy efficiency and safety.


Moreover, the Europe market has been persistently growing over the forecast period propelled by a dense network of established airlines, aerospace manufacturers, and a strong commitment to sustainability. The European aviation sector prioritizes environmental impact reduction, and LED lighting complements these goals with its energy-efficient and durable features. The European Union Aviation Safety Agency (EASA) plays a crucial role in shaping aviation standards, encouraging the adoption of advanced lighting technologies meeting safety and efficiency criteria. Thus, the demand for Aircraft LED solutions in Europe is driven by a combination of environmental consciousness, regulatory support, and ongoing modernization of the aircraft fleet.


Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the rapid expansion of its aviation sector, fueled by increasing air travel demand, economic growth, and the emergence of low-cost carriers. Countries such as China and India are witnessing substantial growth in both commercial and general aviation, resulting in a significant surge in aircraft orders. The region's preference for fuel-efficient and technologically advanced solutions aligns seamlessly with the benefits offered by LED lighting.


Furthermore, the rest of the world's Aircraft LED market is divided into the Middle East, Africa, and Latin America. This growth is attributed to rising economic development, and the growth of aviation industry.


Key Findings of the Study



  • The global Aircraft LED market is expected to reach USD 2.45 billion by 2032, at a CAGR of 10.50% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market due to increasing air travel demand, economic growth, and the emergence of low-cost carriers

  • Based on Aircraft, the narrow-body segment was attributed to holding the largest market in 2022, with an approximately more than one-third of market share.

  • Astronics Corporation, Aveo Engineering Group, Collins Aerospace, Cree, Inc., Diehl Aviation, Honeywell Aerospace, Luminator Aerospace, Precise Flight, Inc., Rockwell Collins, Safran, STG Aerospace, and UTC Aerospace Systems.

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Companies Covered 15
Pages 128
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