The aircraft lighting market report provides an analysis of the market from 2017 to 2022. It discusses industry and technology trends that are currently prevailing in the aircraft lighting market, along with the drivers, restraints, challenges, and opportunities.

The aircraft lighting market is projected to grow from an estimated USD 2.25 billion in 2017 to USD 2.94 billion by 2022, at a CAGR of 5.48% during the forecast period.

This growth can be attributed to increasing aircraft orders due to the rise in passenger traffic across the globe. Also, increasing importance attached to passenger experience is driving the aircraft lighting market. The aviation industry in emerging economies of the Asia Pacific and Latin America is expected to witness considerable growth during the forecast period.

This growth can be attributed to factors, such as rise in passenger traffic across the globe due to increase in disposable incomes of the middle-class populations in emerging economies. This expected to lead to the rapid growth in procurement of aircraft, and thus the demand for aircraft lighting is expected to increase.

Aircraft lighting has undergone tremendous technological advancements in the past decade. Aircraft lighting manufacturers aim to develop product types that are robust, lightweight, reliable, and energy-efficient. Technological advancements such as development of LED and OLED technologies are some of the latest trends that airlines are employing currently.

Based on fit, the OEM aircraft lighting is estimated to lead the aircraft lighting market in 2017. Growth in the OEM segment of the aircraft lighting market can be attributed to the increase in the number of aircraft in the commercial aviation sector.

Based on platform, the fixed wing segment is projected to grow at the highest CAGR during the forecast period. Growth of this market can be attributed to the demand for the enhancement of passenger experience in commercial aircraft. Also, increasing safety standards for commercial and military aircraft is expected to drive the fixed wing segment of the aircraft lighting market.

Based on lights, the interior segment of the aircraft lighting market is expected to grow at the highest CAGR during the forecast period due to the increasing number of aircraft orders for commercial aviation and increasing demand for passenger experience during air travel.

The Asia Pacific is expected to be the fastest-growing region in the aircraft lighting market during the forecast period, due to the growth in the aviation industry and increase in aircraft deliveries in the region.

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Some of the key players in the aircraft lighting market are Zodiac Aerospace (France), Diehl Stiftung & Co. KG (Germany), and Honeywell (US).

These players have adopted the contracts, new product developments, and agreements strategies to strengthen their positions in the aircraft lighting market.

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