Aircraft Lighting Market Growth and Recent Trends by 2031

The Aircraft Lighting Market size is projected to reach US$ 13.88 billion by 2031 from US$ 8.85 billion in 2023. The market is expected to register a CAGR of 6.8% in 2023–2031.

One of the major trends in the aircraft lighting market includes the demand for improved ambience from the airliners for their respective aircraft fleet. The airlines are focusing on innovating their respective interior ambience of commercial aircraft models to provide enhanced air travel experiences to their respective customers.

Aircraft Lighting Market Analysis

Aircraft lighting market is growing at a healthy growth rate after the significant negative impact during the FY2020 due to the held civil aviation operations caused by the COVID-19 pandemic. However, after the resuming of airline operations in 2021 (in some regions in 2022), the airlines have driven the demand for aircraft lighting through their respective airline maintenance operations for the existing fleets. This is also supported by the rise in demand for air travel from different regions propelled by the introduction of low-cost carriers as well.

Aircraft Lighting Market Overview

Aircraft lighting market is likely to witness significant growth in the coming years. The growth of the aircraft lighting market is due to some of the below key factors:

• The rising global aircraft deliveries
• Increasing demand from aircraft MRO operations due to the rising fleet demanding MRO checks
• Major backlogs of the major aircraft OEMs
• Rising electrification of aircraft

These factors are likely to show a significant impact in terms of healthy growth of the aircraft lighting industry.

However, the ongoing geopolitical war between different countries around the world is also likely to impact airline operations in the coming years which will further hamper the aircraft lighting market.

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Aircraft Lighting Market Drivers and Opportunities

The Rising Global Aircraft Fleet

The rising global aircraft fleet is one of the major factors supporting the demand for aircraft lighting through both the line fit and retrofit segments. The increasing number of aircraft and helicopter deliveries across different regions is driving the demand for lighting systems; specifically, the demand for cabin and cockpit lighting systems. Some of the major aircraft OEMs i.e. Airbus and Boeing, in 2023, delivered around 735 and 528 commercial aircraft in 2023 respectively; compared to 663 and 480 aircraft in 2022. This shows a gradual increase in the number of aircraft delivered in a single year that has driven the majority portion of the aircraft lighting market in 2023.

Future Aircraft Deliveries is Likely to Provide New Future Opportunities

The future deliveries of commercial and military aircraft in the next twenty years are likely to generate huge opportunities for market vendors during the forecast period of 2024 to 2031. For instance, according to the two of the major aircraft OEM giants i.e., Airbus and Boeing, more than 40,800 aircraft are likely to be delivered between 2023-2042. This will further increase the global aircraft fleet size and will generate the opportunity for aircraft lighting from the aftermarket/retrofit segment as well in the coming years.

Aircraft Lighting Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Aircraft Lighting Market analysis are system type, technology, light type, fit type, aircraft type, end-user, and geography.

• Based on system type, the Aircraft Lighting Market has been segmented into cockpit console lights, cabin lights, cargo lights, seat proximity lights, and others. The cabin lights segment held a larger market share in 2023.
• By technology, the market has been segmented into traditional lights, LED lights, OLED lights, and others. The LED lights segment held the largest share of the market in 2023.
• In terms of light type, the market has been segregated into interior lights and exterior lights. The interior light segment dominated the market in 2023.
• In terms of fit type, the market has been bifurcated into line fit and retrofit. The line fit segment dominated the market in 2023.
• In terms of end-users, the market has been segmented commercial and military. The commercial segment dominated the market in 2023.

Aircraft Lighting Market Share Analysis by Geography

The geographic scope of the Aircraft Lighting Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America has dominated the Aircraft Lighting Market in 2023, whereas, the Asia Pacific region is likely to witness significant growth during the forecast period. The market for aircraft lighting is foreseen to witness expeditionary growth in the Asia Pacific region, due to the huge demand for modification or retrofitting of advanced lighting solutions. The Middle East & Africa region is likely to witness a CAGR of around 5.5% during 2023-2031. This is mainly due to the presence of a recognized and large number of commercial aircraft fleets and airlines including Emirates, Qatar Airways, Etihad Airways, and Saudi Arabian Airlines invest significant amounts in the procurement of newer aircraft and also in modification of their existing fleet. The airlines constantly focus on enhancing customer experience, thereby, retrofitting the aircraft with advanced lighting systems is one of the major trends prevailing in the region.

Aircraft Lighting Market News and Recent Developments

The Aircraft Lighting Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for aircraft lighting market and strategies:

• In October 2023, Aviation Fabricators (AvFab) selected Elliott Aviation subsidiary Prizm Aircraft Products to provide RGBW wash lighting in its King Air 300-series headliner modification product. (Source: AvFab, Press Release/Company Website/Newsletter)
• In February 2021, Diehl Aerospace, a unit of the leading aircraft component supplier Diehl Aviation, secured a contract extension from Boeing for the delivery of the interior lighting system for the Boeing 787 Dreamliner. (Source: Diehl Stiftung & Co. KG, Press Release/Company Website/Newsletter)

Aircraft Lighting Market Regional Insights

The regional trends and factors influencing the Aircraft Lighting Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aircraft Lighting Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Aircraft Lighting Market Report Scope

Aircraft Lighting Market Players Density: Understanding Its Impact on Business Dynamics

The Aircraft Lighting Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Aircraft Lighting Market are:

1. Honeywell International Inc
2. Cobham Plc
3. Safran Group
4. STG Aerospace Ltd
5. Raytheon Technologies Corporation
6. Diehl Stiftung & Co. KG

Disclaimer: The companies listed above are not ranked in any particular order.

Aircraft Lighting Market Report Coverage and Deliverables

The “Aircraft Lighting Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter’s Five Forces analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis