The Aircraft Exterior Lighting Industry was valued at USD 158.1 million in 2022 and experienced a year-on-year growth of 5.4%. Revenue from the sales of aircraft exterior lighting is projected to reach USD 167.2 million in 2023. The Industry is expected to grow at a CAGR of 6.6% from 2023 to 2033, with revenue anticipated to reach USD 317.1 million by 2033.
The Aircraft Exterior Lighting Industry is experiencing robust growth, driven by advancements in technology and the increasing demand for efficient, durable, and high-performance lighting solutions. Exterior lighting plays a critical role in ensuring aviation safety, aiding visibility during taxiing, takeoff, and landing, as well as improving aircraft detectability during flight.
Modern aircraft exterior lighting systems incorporate LED technology, which offers superior brightness, energy efficiency, and longevity compared to traditional lighting solutions. Airlines and aircraft manufacturers are focusing on upgrading their fleets with advanced lighting to reduce maintenance costs and improve operational efficiency.
With the rising production of commercial, military, and general aviation aircraft, along with the surge in air travel and cargo demand, the aircraft exterior lighting Industry is poised for sustained expansion. Additionally, the focus on sustainable aviation and adherence to stringent safety standards further drive innovation and growth in the sector.
Get Ahead with Our Report: Request Your Sample Now!
Key Drivers:
- Growth in Air Travel:
Increasing passenger and cargo air traffic globally propels the demand for aircraft exterior lighting. - Technological Advancements:
The transition to LED lighting and smart lighting systems enhances durability, visibility, and energy efficiency. - Stringent Safety Regulations:
Compliance with aviation safety standards necessitates high-performance exterior lighting systems. - Fleet Modernization:
Airlines are investing in advanced lighting solutions to improve operational efficiency and reduce maintenance costs. - Increased Aircraft Production:
The rising production of commercial, military, and private aircraft drives the need for reliable and advanced exterior lighting.
Key Takeaways:
- LED lighting systems dominate the Industry, offering benefits like low power consumption, high brightness, and long lifespans.
- The commercial aviation segment is the largest contributor, driven by growing passenger traffic and fleet expansion.
- North America leads the Industry due to its robust aerospace industry and high demand for advanced aircraft.
- The adoption of smart and adaptive lighting solutions is on the rise, enhancing safety and operational efficiency.
- Manufacturers are increasingly focusing on sustainability and lightweight designs to align with industry goals for reduced emissions and improved fuel efficiency.
Competitive Landscape of Aircraft Exterior Lighting Market
Leading manufacturers often invest in research and development to create advanced lighting technologies that enhance safety and efficiency. This could include developing LED lighting systems, adaptive lighting, or systems that reduce energy consumption. Companies might expand their presence in emerging markets, such as Asia-Pacific, with a growing demand for aircraft. This can involve partnerships with local companies, manufacturing facilities, or distribution networks.Honeywell International; Aveo Engineering; Rockwell Collins; Whelen Aerospace Technologies; Safron Group; Astronics Corporation; Cobham Aerospace Communications; Oxley Group; Heads Up Technologies; Soderberg Manufacturing Company; Luminator Aerospace
Aircraft Exterior Lighting Market Recent Developments:
- In August 2023, in Gurugram, Honeywell has begun operations at a new production plant for Airfield Ground Lighting (AGL). Along with a wide range of other aviation technologies, the new Honeywell LED runway and taxiway lighting system will not only assist airports in overcoming these difficulties but will also enhance the security and effectiveness of airfield ground lighting operations.
- In June 2023, Airbus Helicopters shut down the Cobham Aerospace Communications to provide the next generation of dual-mode visual and infrared searching and landing lighting for the H160M GUEPARD, which is being built as part of the French Armament General Directorate’s light multirole helicopter program
Aircraft Exterior Lighting Market Outlook by Category
By Product Type:
- Navigation Lights
- Anti-Collision Lights
- Landing Lights
- Taxi Lights
- Runway Turnoff Lights
- Wingtip Lights
- Logo Lights
- Ice Lights
- Other Lights
By Technology:
- Incandescent Lights
- LED Lighting
- Halogen Lighting
- Xenon Lighting
- Other Technologies
By Aircraft Type:
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Turboprop Aircraft
- Helicopters
- Business Jets
- Military Aircraft
By Sales Channel:
- Original Equipment Manufacturers (OEM)
- Aftermarket
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Central Asia
- Russia and Belarus
- Balkan and Baltic Countries
- East Asia
- South Asia and Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube