Aircraft Interior Lighting Market is Forecast to Reach US$ 1.2 Billion in 2028, Says Stratview Research.

The Aircraft Interior Lighting Market is likely to grow at a significant CAGR of 10.1% during 2023-2028, to reach US$ 1.2 Billion in 2028, states Stratview Research.

DETROIT, Aug. 7, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the aircraft interior lighting market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

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Report Highlights

Segment Insights on Aircraft Interior Lighting Market

The aircraft interior lighting market is segmented based on aircraft type, technology type, lighting type, end-user type, furnished equipment type, and region.

Based on aircraft type- The aircraft interior lighting market is segmented into narrow-body aircraft, wide-body aircraft, helicopters, military aircraft, regional aircraft, and business jets. Narrow-body aircraft is expected to be the dominant aircraft type in the market during the forecast period. The introduction of single-aisle long-range aircraft (A321XLR, etc.), faster recovery of narrow-body aircraft in the post-pandemic developments, and expected market entries of new programs (C919, MC21, etc.) are likely to drive the demand for lights including used in interiors in the coming years. The ongoing supply chain disruption in the wake of the pandemic further aggravated by rising geopolitical tensions may delay the overall recovery process; however, still, the business outlook looks promising with attractive growth in the near future.

Based on Lighting type- The market is segmented into cabin lights (ambient, seat & stowage lights, signage light, reading lights, and others) and cockpit lights. Ambient, seat, and stowage lights are expected to remain the most dominating segment of the market during the forecast period due to the increasing use of different interior lights for a beautiful aesthetic appearance like colorful mood lights with innovative LED lighting technology.

Based on technology type- The market is segmented into LED, fluorescent, and others. LED is expected to remain the most dominating as well as the fastest-growing segment of the market during the forecast period. LED can generate brighter luminous than conventional (incandescent) bulbs and are more energy-efficient (using less amount of power allotted to all aircraft systems for the duration of a flight). Additionally, LED lights often have MTBFs of 10,000 hours or 10 years.

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 Which Region Offers the Best Opportunity and Growth?

The report suggests that North America is expected to remain the largest market for aircraft interior lighting market during the forecast period.

This growth is majorly attributed to the following –

• With the presence of small- to large-sized OEMs, this region is the industrial hub for the aerospace & defense industry.
• The majority of players have assembly and production facilities in North America.
•  A number of significant interior lighting manufacturers, such as Collins Aerospace, Astronics, and Honeywell, are present in the region to assist OEMs in the creation of cutting-edge products to meet the airlines' criteria.

Asia-Pacific is estimated to grow at the fastest rate in the coming five years. Significant capital investments paired with the upcoming aircraft programs to address the huge market potential drive the overall region's market dynamics.

Aircraft Interior Lighting Market Drivers

Some of the key drivers listed in the report are given below.

• Airline companies are increasingly focusing on improving the passenger experience to gain a competitive edge.
• Aircraft interior lighting plays a crucial role in creating a comfortable and visually appealing ambiance for passengers.
• Mood lighting, dynamic color options, and customizable lighting settings are becoming popular features in modern aircraft interiors.

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Top 10 Companies in Aircraft Interior Lighting Market?

The aircraft interior lighting market is moderately consolidated with the presence of several big players around the globe. The top industry players frequently use a variety of strategies to support the expansion of the market and deliver their products to almost all OEMs across the globe. The value chain includes lighting component manufacturers, aircraft lighting vendors, tier players, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. The following are the key players in the aircraft interior lighting market:

• Astronics Corporation
• Cobham Plc.
• Collins Aerospace
• Diehl Stiftung & Co. KG
• FACC AG.
• Honeywell Aerospace
• Luminator Technology Group
• Safran S.A.
• Schott AG
• Soderberg Manufacturing Company, Inc.

What Deliverables Will You Get in this Report?

Related reports which might be useful:

• Aircraft Interiors Market
• Aircraft Cabin Upgrades Market
• Aircraft Interior Fasteners Market

About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. The reliability and insightfulness of the reports enable the readers to take convincing business decisions.

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SOURCE Stratview Research