According to the report published by Allied Market Research, The global aircraft lighting systems market was valued at $1.5 billion in 2020, and is projected to reach $2.3 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030.. The report offers an extensive analysis of the changing market dynamics, major segments, market player positioning, industry roadmap, pricing analysis, and competitive scenario.
An increase in aircraft demand and a shift from incandescent lights to LED lights drive the growth of the global aircraft lighting market. However, the high cost of LED and delayed delivery of aircraft hinder market growth. On the other hand, the surge in demand for lightweight aircraft components creates new opportunities in the coming years.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ – https://www.alliedmarketresearch.com/request-sample/6638
Covid-19 Scenario on Aircraft Lighting Market:
- The aviation industry is one of the worst-hit sectors during the lockdown. On the other hand, the precautionary measures and government restrictions on travel and tourism have badly impacted the industry with less revenue generation.
- However, various countries have started entering the recovery phase including China, India, and others. Furthermore, the governments in these regions are expected to lift certain restrictions, offering an opportunity for the aviation industry to get back to their profit margin.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ-ย https://www.alliedmarketresearch.com/aircraft-lighting-systems-market/purchase-options
Based on interior lights, the wash lights segment contributed to the largest share in 2019, accounting for around one-fifth of the total share, and is estimated to maintain its dominant position during the forecast period. Moreover, the reading lights segment is estimated to portray the highest CAGR of 5.0% from 2019 to 2027.
Based on light type, the LED segment accounted for the largest share in 2019, holding nearly three-fourths of the total share, and is expected to maintain the largest share throughout the forecast period. In addition, this segment is estimated to portray the highest CAGR of 5.0% from 2019 to 2027.
Based on the region,ย North Americaย contributed to the highest share, accounting for more than one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, this region is expected to grow at the highest CAGR of 4.9%% from 2021 to 2030. The report also analyzes region including Europe, LAMEA, and Asia-Pacific.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ – https://www.alliedmarketresearch.com/purchase-enquiry/6638
Leading market playersย analyzed in theย aircraft lighting marketย research include Aeroleds, Astronics Corporation, Beadlight Limited, Bruce Aerospace, Cobham PLC, Heads Up Technologies, Honeywell International Inc., Madelec Aero, Safran, and Whelen Aerospace.