Update News: Aircraft Lighting Market To Reach USD 2.8 Billion By 2027 | CAGR 5.6% — Forencis Research

  • According to the new market research report “Aircraft Lighting Market by Illumination Technology (LED, Fluorescent, Incandescent), by Type (Exterior, Interior, Emergency), by Aircraft Type (Single Aisle, Twin Aisle, Business and General Aviation, Others) by Sales Channel (OEM, Aftermarket), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) — Global Forecast (2019 to 2027)”, the global aircraft lighting market is estimated to reach USD 2.8 Billion by 2027 at a CAGR of around 5.6% during the review period.
  • Increasing demand for energy efficient lightings and expanding adoption of mood lighting as a feature in the aircraft are few key factors among others driving the demand for aircraft lighting.
  • However, high initial cost of LED type lights remains a major restraining factor for the growth of the aircraft lighting market.
  • Increasing adoption of mood lighting is expected to drive the market of aircraft lighting as the aircraft manufacturers are incorporating mood lighting as the mandate feature in the aircraft which will result in increased sale of LED lighting.
  • High up front cost is expected to restrain the market as the lighting based on LED technology requires high initial cost compared to conventional illumination technology.
  • Adoption of micro LED technology is expected to rise the market in near future as the technology is more efficient and more suitable for flexible lighting systems compared to conventional technology.
  • Asia-Pacific
  • Europe
  • Astronics Corporation:
  • Safran:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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