Aircraft Lighting Market worth $3.9 billion by 2027


Posted August 27, 2019 by ayub121

The aircraft lighting market was valued at USD 2.13 Billion in 2016 and projected to reach USD 2.94 Billion by 2022, at a CAGR of 5.48% during the forecast period.

 
The report "Aircraft Lighting Market by Aircraft Type (Commercial, Military), Platform (Fixed, Rotary), Light Type (Interior, Exterior), Vendor (OEM, Aftermarket), Global Forecast to 2027", is projected to grow from USD 2.5 billion in 2019 to USD 3.9 billion by 2027, at a CAGR of 5.5% from 2019 to 2027. Increase in aircraft orders, increased passenger traffic in aviation industry, and increased upgradation of aircraft field are some of the key factors driving the aircraft lighting market

Browse 313 market data Tables and 59 Figures spread through 258 Pages and in-depth TOC on "Aircraft Lighting Market - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/aircraft-lighting-market-1092.html

Interior light segment projected to grow at highest CAGR from 2019 to 2027
The interior light in the aircraft lighting market is estimated to be the fastest-growing segment during the forecast period. The growth is attributed to upgradation of existing aircraft and LED technology which has become more sophisticated and inexpensive, it will lead to further integration of mood lighting, not just for the aesthetics, but also to artificially alter a passenger’s perception of how long a day or night is. LED’s are highly flexible, which can enable the mood lighting, and that it can be fit easily in the cabin has led to high adoption by airlines.
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Tags aircraft lighting market
Last Updated August 27, 2019