The aircraft lighting market has gone through high technological advancements in the recent years. These technological advancements and innovative equipment contribute to spur the global aircraft lighting market. The growth of aircraft lighting market is relational to the growth of the global aircraft industry and growth in air travel. Additionally, factors that drive the aircraft lighting market include use of energy efficient aircraft lights, efficient lighting alternative and growth in aircraft deliveries.
The global aircraft lighting market is also segmented on the basis of aircraft type as follows: Narrow Body Aircraft, Very Large Aircraft and Wide Body Aircraft. The narrow body aircraft type is estimated to grow at a faster rate owing to its high demand from airline carriers. The market for narrow body aircraft is comparatively larger in Asia Pacific, Western Europe, and North America, owing to increase in domestic civil aviation and cost effective carriers market.
Global Aircraft Lighting Market: Regional Outlook
On the basis of region, Asia Pacific aircraft lighting market is expected to grow at a faster rate over the forecast period. The key countries mentioned in the Asia-Pacific region are China, South Korea, Japan and India as an outcome of growth in the aircraft industry and airline travel which in turn is resulting in increase in demand for aircraft lighting market in these countries. Japan, Latin America and Middle East & Africa are expected to grow at a steady rate over the forecast period. The North America and Europe are dominant market over the forecast period.
Global Aircraft Lighting: Market Participants
Examples of some of the market participants in the global aircraft lighting market are:
B/E Aerospace, Inc.
Cobham plc
UTC Aerospace Systems
Honeywell International Inc.
Diehl Stiftung & Co. KG
Astronics Corporation
Zodiac Aerospace
Aveo Engineering Group
Bruce Aerospace
STG Aerospace Limited
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