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Aircraft Exterior Lighting Market By Product Type (Anti-collision Lights, Navigation Lights, Landing & Taxi Lights, Strobe Lights, Logo & Branding Lights, Egress & Service Lights, Wings & Engine Inspection Lights), By Aircraft Type (Commercial Aviation, Military Aviation, Business Aviation) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The global aircraft exterior lighting market was valued at US$ 2,387.2 Mn in 2017 and is expected to grow at a CAGR of 4.7% from 2018 to 2026. Aircraft are furnished with a range of interior and exterior lights that are used for safety, direction-finding, and to improve discernibility during takeoff or while taxiing on the ground. Aircraft lighting systems are one of the key components of an aircraft. All the aircraft types are equipped with external lights of some description. The type and purpose of the exterior lighting systems of an aircraft differ in accordance with its size, role, and normal flight environment.

The exterior lights of an aircraft generally make the aircraft more visible to other aircraft, improve pilot visibility during critical phases of flight, and provide illumination for some other specific purpose. Bright aircraft external lighting means seeing and being seen in low-visibility conditions. On the outside, aircraft are equipped with an array of different lights. These lights are primarily safety lights, and most of them are required when an aircraft is flying in the dark.

Rising demand for energy-efficient lighting systems for safe navigation is driving the growth prospects of the aircraft exterior lighting market. The exterior lights of an aircraft can be used to increase situational vigilance and alert other aircraft and ground personnel to the intended movement. The pilots should consider the benefits of operating lights at all times to improve the visibility of their aircraft. Technological advancements in regard to the miniaturization of components, implementation of advanced technologies, including LED lighting systems, the implementation of smart lighting, the addition of lightweight products, and the use of energy-efficient lighting products, have encouraged airline operators to invest in advanced aircraft lighting systems for long-term benefits. As a result, the implementation of LED lights for their use in the exterior lighting of aircraft is expected to provide lucrative opportunities in the near future. Significant savings on energy and maintenance costs coupled with improved visibility and greater safety will extensively augment their demand.

Market Snapshot

Navigation lights accounted for the largest market share in 2017.

In 2017, based on product type, navigation lights exhibited the largest market share in the global aircraft exterior lighting market. The segment is expected to grow at a significant rate in the years to come. All aircraft are equipped with a steady light near the leading edge of each wingtip. Navigation lights consist of a green light on the right wing tip, a red light on the left wing tip, and a white light on the tail of an aircraft. Dual systems are often installed to provide a backup in the event of a bulb failure. The rising need for safe navigation is driving the demand for navigation lights in the aerospace industry.

Commercial aviation continues its supremacy throughout the forecast period from 2018 to 2026.

Based on aircraft type, commercial aviation dominated the aircraft exterior lighting market in 2017. The segment is projected to continue its dominance throughout the forecast period from 2018 to 2026. An upsurge in aircraft orders is one of the important factors driving the growth of this segment. The growing frequency of air travel is enhancing the demand for wide-body and large commercial aircraft, which in turn is augmenting the growth of commercial aviation. Rising passenger traffic and the need for improved lighting systems are expected to go hand in hand with the growth of commercial aviation.

North America garnered the largest market share in 2017.

The aircraft exterior lighting market, based on geography, was led by North America in 2017 and is projected to grow at a significant rate throughout the forecast period from 2018 to 2026. North America is the most profitable region in the aircraft exterior lighting market because it is a leading manufacturing hub and a pioneer in the aerospace and defense industries. The region enjoys the presence of some market giants, including Honeywell International Inc., UTC Aerospace Systems, Rockwell Collins, Inc., Heads Up Technologies, Inc., and Devore Aviation Corporation of America, among others. With soaring international investments, more aircraft deliveries, and government support, the number of distributors and suppliers of aircraft components is growing on a continuous basis at a strong rate in the region.

Competitive Insights

Major players in the aircraft exterior lighting market include Astronics Corporation, Aveo Engineering Group, s.r.o., Cobham plc, Devore Aviation Corporation of America, Diehl Stiftung & Co. KG, Heads Up Technologies Inc., Honeywell International Inc., Oxley Group, Rockwell Collins, Inc., Soderberg Manufacturing Company, Inc., UTC Aerospace Systems, Whelen Engineering Company, Inc., and Zodiac Aerospace, among others.

Aircraft exterior lighting manufacturers are upgrading aircraft lighting systems to provide more efficient and safe products. The players are adopting strategies like partnerships and new product development to obtain an upper hand and stay ahead in the market. The players are mainly focusing on implementing these strategies to cater to the needs of their customers and gain a competitive edge over other players.

For instance, in December 2017, UTC Aerospace Systems, a subsidiary of United Technologies Corp., received a Supplemental Type Certificate (STC) from the European Aviation Safety Agency (EASA) and the United States Federal Aviation Administration (FAA) for a set of advanced LED wing navigation lights for the Airbus A320 aircraft family. The navigation lights are mainly designed to provide customers with a convenient retrofit option that offers enhanced reliability and longevity while reducing operating and maintenance costs.

Periods of History and Forecast

The research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The aircraft exterior lighting market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global aircraft exterior lighting market based on product type, aircraft type, and geography.

Key questions are answered in this report.

  • What was the market size of aircraft exterior lighting in 2017 and the forecast up to 2026?
  • What are the key factors driving the global aircraft exterior lighting market?
  • What are the key market trends and high-growth opportunities observed in the aircraft exterior lighting market?
  • What are the drivers of the aircraft exterior lighting market?
  • Which is the largest regional market for aircraft exterior lighting?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market's growth? Why?
  • Which players are leading the aircraft exterior lighting market?
  • What are the sustainability strategies adopted by the key players operating in the market?

This report's distinct data points

  • Key trends shaping the aircraft exterior lighting market
  • Qualitative and quantitative insights across different geographies and sub-geographies
  • comprehensive mapping of the competitive landscape and the market participants' behavior.
  • Current and future scenarios of aircraft exterior lighting across the globe

Frequently Asked Questions:

The market for Aircraft Exterior Lighting Market is expected to reach US$ 2,387.2 Mn by 2026.

The Aircraft Exterior Lighting Market is expected to see significant CAGR growth over the coming years, at 4.7%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Heads Up Technologies Inc., Honeywell International Inc., Oxley Group, Rockwell Collins, Inc., Soderberg Manufacturing Company, Inc., UTC Aerospace Systems, Whelen Engineering Company, Inc. are some of the major players in the global market.

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Published Date:  Nov 2018
Category:  Aerospace & defense
Report ID:   59448
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
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