Product ID: SQMIG20A2166
Global Aircraft Lighting Market Size, Share, Growth Analysis, By Type(Interior Lighting, Exterior Lighting), By Light Source(LED, Fluorescent), By Aircraft Type(Commercial Aircraft, Military Aircraft) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2166 |
Region:
Global |
Published Date: February, 2024
Pages:
278
|
Tables:
89 |
Figures:
78
Global Aircraft Lighting Market Insights
Aircraft Lighting Market size was valued at USD 824.08 million in 2019 and is poised to grow from USD 899.9 million in 2023 to USD 1987 million by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).
The increasing demand for LED technology in aeroplanes is expected to fuel consistent expansion in the global market for aircraft lighting. An airplane’s cabin is a crucial component in getting passengers from one place to another. For the purpose of providing passenger services during the night at cruising altitudes, suitable illumination is needed. It contains lighting, a significant element of interior design. A decent lighting system makes travelling enjoyable and enables passengers to engage in a variety of leisure activities. Over the course of the projection period, rising air traffic is anticipated to drive demand for aircraft lighting. India, Brazil, and China are examples of emerging economies that have developed the aircraft sector significantly.
The desire for new aeroplanes with cutting-edge infrastructure and sophisticated technologies has increased. The service providers strive to offer unique value-added services because they believe that interior design is a key component of greater client satisfaction levels. A great lighting system aids in luring clients and spreading their goodwill throughout the market, which is likely to have a favourable impact on the expansion of the entire sector. There are now new LED-based lighting systems available that create a cosy interior environment. These panels use less energy. The LED-based solutions are lightweight as well. The market for commercial aircraft cabin lighting is anticipated to be driven by such factors in conjunction with ongoing LED development.
According to trends, businesses have been switching out old incandescent bulbs for LED lights in recent years. The goal of aircraft makers is to lighten their products. Fuel cost is one of the major advantages of weight loss. Old lighting equipment uses more power, which raises overall operating costs. Modern devices use less energy. One method of reducing the overall weight of a vehicle is to use new, lightweight lighting systems, which is anticipated to increase industry demand.
US Aircraft Lighting Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Aircraft Lighting Market Report Snapshots
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