The Aircraft Exterior Lighting Market size revenue is projected to reach US$ 167.2 million in year 2023, with an expected 6.6% CAGR between 2023 and 2033, culminating in an estimated revenue of US$ 317.1 million by 2033.
Key Takeaways from the Aircraft Exterior Lighting Market Study
- The automatic tire inflation system is expected to increase at a notable CAGR of 6.3%
- The landing lights segment is projected to grow at a CAGR of 5%.
- The original equipment manufacturer (OEM) segment for aircraft exterior lighting is anticipated to grow at a CAGR of 5.7% in terms of value over the forecast period and to be valued at US$ 352.2 Mn by 2027 end.
- North America is a prominent market for automatic tire inflation systems and is estimated to grow at a steady CAGR of 2.9% in the forecasted period.
- The U.S. is projected to account for approximately 90%of the North American aircraft exterior lighting market.
- The demand for aircraft exterior lighting in China is projected to create an absolute dollar opportunity of US$ 13.8 Mn.
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In recent years, manufacturers have been able to install LEDs in aircraft, which provide superior illumination and have contributed to the international expansion of aircraft lighting. Historically, aircraft were equipped with incandescent lights, but LEDs have enabled manufacturers to install LEDs, which provide superior illumination.
Lightweight products, smart lighting systems, LED lighting systems, miniaturization of components, and energy-efficient lighting systems are becoming part of aircraft lighting systems as technology advances. Airlines operators are investing in advanced lighting systems with long-term benefits to meet aircraft demand.
The aviation lighting market is expected to grow due to the switch from incandescent to LED lighting. It is expected that the surge in demand for lightweight aircraft components will soon provide profitable opportunities for expanding the global market for aircraft lighting systems. Furthermore, LEDs for exterior lighting will provide a wide range of opportunities for the aircraft lighting systems market.
Competitive Landscape for the Aircraft Exterior Lighting Market
Manufacturers of aircraft exterior lighting implement a variety of strategies to meet the needs of domestic and international customers as part of their competitive strategy. In order to satisfy the needs of domestic and international customers, companies such as Rockwell Collins maintain a steady emphasis on R&D. To gain an advantage over their competition, key players continue to develop products through partnerships and innovation.
Some major companies in the aircraft exterior lighting market include United Technologies Corp., Rockwell Collins, Honeywell International Inc., Zodiac Aerospace S.A., Diehl Aerospace GmbH, Aveo Engineering Group, S.R.O., Whelen Engineering Co., Inc., Astronics Corporation, Cobham plc., Amglo Kemlite Laboratories Inc., Oxley Group, Heads Up Technologies, Inc., Soderberg Manufacturing Company Inc., Devore Aviation Corporation of America and others.
Recent Developments in the Aircraft Exterior Lighting Market
- For the SunSpotä 36 and 46 Series LED Landing and Taxi lights, AeroLEDs, LLC announced FAA-STC clearance in 2022 for various Sikorsky aircraft models. Sterling Helicopter is the only company that offers this STC, allowing rotorcraft covered by it to upgrade to LED technology immediately.
- As announced in December 2021, STG plans to launch a platform-neutral Universal Lighting product family, segmenting lighting systems effectively. Each segment has its own dynamic lighting profile and scenario, allowing operators to select the intensity and color transition for each segment.
- As part of a significant aircraft order announced in June 2021, United Airlines will acquire 270 narrow-body aircraft, its largest-ever purchase. The aircraft will feature upgraded cabins and LED lighting to increase passenger comfort.
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Aircraft Exterior Lighting Market Segmentation by Category
By Product Type:
- Landing lights
- Position lights
- Anti-collision lights
- Other Exterior Lights
By Aircraft Type:
- Narrow Body
- Wide Body
- Large Body
- Single Aisle
- Regional Jets
- Helicopters
- Air Cargo
- Business Jets
By Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftermarket
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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