The global aircraft lighting market is segmented into interior light, exterior light, aircraft application, light type, and region. Depending on interior light, the market is categorized into emergency lights, specialty lights, wash lights, reading lights, and lavatory lights. On the basis of exterior light, it is fragmented into aircraft visibility lights, pilot lights, and specific purpose lights. By aircraft type, it is segregated into commercial, business jets, military, and helicopters. As per light type, it is classified into florescent light and LEDs. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
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Key players operating in the global aircraft lighting market include Aeroleds, Astronics Corporation, Beadlight Limited, Bruce Aerospace, Cobham PLC, Heads Up Technologies, Honeywell International Inc., Madelec Aero, Safran, and Whelen Aerospace
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Consumers have shifted their preference from the use of incandescent lights toward LEDs, owing to the introduction of LEDs to be installed within the lighting system of aircraft, which has fueled the aircraft lighting market growth. This shift is attributed to the fact that LED offers enhanced visibility as compared to incandescent lights. Furthermore, shorter service life of old halogen or incandescent lights is the major factor, which has enabled aircraft component manufacturers to opt for LED lights. These factors effectively have contributed toward the growth of the global aircraft lighting market.
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With the introduction of advanced aircraft across the globe, the demand for lightweight components to be equipped within the aircraft has increased. This is attributed to the fact that manufacturers have focused on offering lightweight components, which eventually help in the reduction of weight of the aircraft. Furthermore, conventional lightings used in aircraft include fluorescent lights for visibility; however, with the introduction of better and efficient lightings, the need to install them has increased as they are lighter in weight as compared to older lightings used in aircraft. Hence, the demand for lightweight aircraft components is expected to create a positive impact on the aircraft industry, thus providing remunerative opportunity for the growth of the global market.
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Key Benefits For Stakeholders
- This study presents the analytical depiction of the global aircraft lighting market analysis along with the current trends and future estimations to depict imminent investment pockets.
- The overall aircraft lighting market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global aircraft lighting market with a detailed impact analysis.
- The current aircraft lighting market is quantitatively analyzed from 2020 to 2027 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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