Commercial Aircraft Lighting Market Size was valued at 1.23 Billion in 2022. The Commercial Aircraft Lighting industry is projected to grow 2.07 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.9% during the forecast period (2022 - 2032).
The aircraft lighting technology is the primary source of illumination for an aircraft. The types of commercial aircraft are exterior source lightning and interior source lighting. During the nights, the lights are essential for navigation, anti-collision, handling, and landing. The interior-source illumination is useful for cabins, instrument, equipment and crew station. Also, the mood lighting system is integrated with several aircraft during the sunlight and sunset time.
The aerospace lighting is a crucial aspect of aircraft as it can offer an excellent travel experience for the guest. The exterior aircraft lighting market is witnessing massive demand. The adoption rate of lighting system is rising in the new commercial aircraft. It is due to the requirement to offer a luxury travel experience for guests. Also, the airlines are opting for the lighting system to provide comfort and a safe travel experience for the guest.
Covid-19 Analysis
The covid 19 has destructive impacts over all the global markets. Many aircraft manufactures depend on the aircraft lighting market at the final assembly of the product. However, due to the pandemic, passenger travel through air has declined. It has completely affected the aviation industry. Due to this, the demand for commercial aircraft lighting system is reducing in this situation. Also, the manufacturing process came to a halt.
Also, the aviation industry has notified the lighting system market to reduce production. However, the post covid 19 market trends look positive. It is assumed that the production rate will increase after covid 19. Also, the demand will remain steady even during this situation. Also, with the increased production, the market will witness high profitability in the upcoming years.
Commercial Aircraft Lighting Market Dynamics
The commercial aircraft lighting market has several market drivers. The growing demand for non-electronic food path lighting is driving more demand for this market. The non-electrical lights are the next-gen technology that is luminescent light strips. These lights are highly helpful during light system failure and other unexpected incidents. The non-electrical light strips can be installed in the cabin, pathways and emergency exits.
Furthermore, the rising issue of passenger traffic is raising the adoption of LED aircraft lights. Today, several aircraft are implementing cabin modernisation. The cabin modernisation includes the use of LED lights as an illumination source and a safe lighting system. The lights in the cabin not only provide light but also alert the passenger if there is an emergency. All these are the crucial demand driving aspect for the commercial aircraft lighting market. Due to these market drivers, the market will witness high growth and demand.
The urban population is increasing at an exponential pace in many regions. Due to the massive urban population, there is pressure to arrange effective transportation facilities. With a larger population, the transportation system requires to accommodate a larger population. Urban air mobility is a proper solution for the prevalent passenger traffic. Urban air mobility such as the eVTOL drones regulates passenger traffic. The increasing awareness of urban air mobility system is substantially raising the demand for the aircraft lighting market.
The developments in the aircraft interior will offer potential growth opportunities for the market. Many aircraft are uplifting their interior design to satisfy the customers. As a result, the lighting plays a crucial role in the aircraft interior. The commercial aircraft products such as LED and OEM lights will be immense in the market. Some of the commercial aircraft models are introduced to create more awareness about the lighting system. Due to the increasing awareness, the market will witness a high growth rate in the forecast year 2023.
The aircraft lighting manufacturers supply the product to the aviation industry. The aviation industry uses the lights during the assembly process. However, the manufacturing cycle for aircraft is long. Its duration for assembling and completing the aircraft is high. Further, the model aircraft lighting systems are tested and analyzed before it reaches the buyer. The aircraft delivery time is the crucial restraint in the market. This factor ultimately delays the profitability of the market. Further, the covid 19 has reduced the overall passenger rate on aircraft. This factor will affect the market till the forecast year. The aircraft deliveries and low profitability can hamper the market growth. These are the two crucial restraints of the commercial aircraft lighting market.
Today, most commercial aircraft use high end LED lights. Conventional aircraft lights have less life span. They can work for a maximum of 1 or 2 years. Also, the failure rates of these lights are high. The replacement rate in the conventional light is higher. However, the high end LED lights can work for about 10 years. The lighting system failure is rare. It ultimately affects the market growth. The replacement rate of LED light is less. Further, it slows down the overall demand till the replacement period. These market challenges can adversely affect the growth opportunities.
The commercial aircraft lighting market will witness a steady flow of demand in the forecast period of 2023. The crucial drivers of the market will enhance the overall market demand and growth. However, the limitation in this market such as the delayed manufacturing process can have a severe impact on the industry. There is a need to consider the prolonged replacement cycle of the LED lights. However, the use of non-electrical LED and aircraft interior up-gradation can provide potential development opportunities for the market. The overall growth analysis of the market looks positive.
The commercial aircraft lighting market is experiencing high drive from North America. The growing passenger traffic is leading to more usage of the lighting system. During the forecast year, this region will experience massive demand. Also, the adoption rate of aircraft lighting system is rapid in America. The two key contributors in this region are the US and Canada. Also, the aviation industry is a booming market in this region. The market players in this region have more funding capabilities. Consumer spending on an aircraft lighting system is high in this region. All these aspects add up to the overall growth of this market. The huge demand for LED and OEM lights will further expand the market in the forecast period.
By end-users
By type
By commercial aircraft types
By design
By geography
By verticals
As per the market forecast, North America will hold the largest commercial aircraft market share. The high demand for airfare lighting systems drives more demand in this region. In Europe, the rate of air passengers is increasing for years. Tourism and business tours are some of the reasons for the high rate of air travellers. To provide the best travel experience, the aviation industry is upgrading commercial aircraft. It is the major reason for the growing popularity of the commercial aircraft lighting system.
Also, the use of LED light is encouraged to reduce emissions. The Asia Pacific is the most popular commercial aircraft market. It is a focal point for more developments and market expansions. Also, the commercial aircraft manufacturer’s market share is high in this region. India, china, Japan and South Korea are the key contributors to the market. The amount of investments in the aviation industry is growing in Asia pacific. The implementation of an LED cabin lighting system will increase the demand. Also, the growth opportunities in this region are massive. Asia pacific will witness highest commercial lighting market growth in 2023.
Company-Specific News:
Competitive landscape
The competition in the commercial aircraft lighting market is growing exponentially in the forecast period. The entry of new players will further intensify the demand. The key players of the market are introducing new market strategies. Market expansion is a crucial development by the key players in the forecast period.
The Key Players of The Commercial Aircraft Lighting Market are
Recent developments
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