The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Honeywell International Inc.', 'Rockwell Collins, Inc.', 'Diehl Stiftung & Co. KG', 'United Technologies Corporation', 'B/E Aerospace, Inc. (now part of Collins Aerospace)', 'Cobham plc', 'Zodiac Aerospace (now part of Safran Electrical & Power)', 'STG Aerospace Limited', 'Oxley Developments Company Ltd.', 'Astronics Corporation', 'Precise Flight Inc.', 'UTC Aerospace Systems (now part of Collins Aerospace)', 'Bruce Aerospace Inc.', 'Aveo Engineering Group s.r.o.', 'Safran Electrical & Power', 'Whelen Aerospace Technologies', 'Soderberg Manufacturing Co., Inc.', 'Luminator Technology Group', 'SELA Inc.', 'Soderberg Manufacturing Company, Inc.', 'In December 2021, STG plans to introduce a new platform-independent Universal Lighting product family that effectively segments a lighting system. Operators can have many dynamic lighting profiles and scenarios because each section can behave independently in terms of intensity and color transition.', 'In September 2021, Collins Aerospace unveiled Lilac-UV, an ultraviolet (UV) lighting solution that can be used to sanitize aircraft interiors almost anywhere. The innovative method can swiftly and chemically sanitize aircraft interiors.'