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Aircraft Exterior Lighting Market

Aircraft Exterior Lighting Market By Product Type (Landing lights, Position lights, Anti-collision lights, Other Exterior Lights), Aircraft Type (Narrow Body, Wide Body, Large Body, Single Aisle, Regional Jets, Helicopters, Air Cargo, Business Jets) & Region – Forecast 2022 - 2027

Aircraft Exterior Lighting Market By Product Type (Landing lights, Position lights, Anti-collision lights, Other Exterior Lights), Aircraft Type (Narrow Body, Wide Body, Large Body, Single Aisle, Regional Jets, Helicopters, Air Cargo, Business Jets) & Region – Forecast 2022 - 2027

Aircraft Exterior Lighting Market - Analysis, Outlook, Growth, Trends, Forecasts

Aircraft Exterior Lighting Market Snapshot

[278 Pages] Aircraft exterior lighting market is valued at US$ 495 Mn in 2021. The market is likely to grow at a y-o-y of 3.8% in 2022 with the projection value of US$ 514 Mn.

Attribute

Details

Estimated Market Size of Aircraft Exterior Lighting Market

 by 2022

US$ 514 Mn

Market Size of Aircraft Exterior Lighting Market in 2021

US$ 495 Mn

CAGR during 2021-2022

3.8%

North America is the largest market for aircraft exterior lighting. It accounts for 31% of the global share and is set to grow at y-o-y of 2.9% in 2022.

North America market is expected to dominate global aircraft exterior lighting market in terms of value in 2022, and the trend is projected to remain same throughout the forecast period. North America aircraft exterior lighting market is the most attractive market, growing at a CAGR of 2.9% in terms of value over the forecast period.

The aircraft exterior lighting market accounts about 45% of the overall aircraft lighting market. Hence, increasing demand for aircraft lighting will have a positive impact on the exterior lighting market.

Aircraft Exterior Lighting Market Outlook 2012-2021 Compared to 2022-2027 Forecast

The demand for energy efficient lighting solutions for safe navigation, increasing new sales of aircrafts and rising retrofitting work on aircrafts to enhance the market for aircraft exterior lighting. The exterior illumination is used to notify ground crews of the planned movement, boost situational awareness, and alert nearby aircraft.

Various countries in the Middle East region are gradually shifting away from oil and gas revenues and moving toward trade, commerce, tourism, and manufacturing. The rising demand for wide body aircrafts in the region to bolster the aircraft exterior lighting market.

The presence number of air carriers in the region will also result in an increase in demand for aircraft exterior lighting. The region will require more aircraft in order to meet the expanding global demand. All of the factors are projected to drive demand for aviation products.

The influence of the aviation industry's expansion will be significant, and it will continue to drive the aircraft exterior lighting market during the projection period.

The global aircraft exterior lighting market is projected to grow at a CAGR of around 3.9% from 2022 to 2027.

Why North America is a Prominent Region for Aircraft Exterior Lighting Market?

North America is the most prominent region for aircraft exterior lighting market, owing to its large aircraft fleet size and being a production hub for aircraft manufacturers such as Boeing. The number of aviation component suppliers and distributors in the region is continuously increasing at a steady rate.

The demand for exterior lighting not only come from the manufacturers but also from the aircraft retrofitting and maintenance companies.

The North America aircraft exterior lighting market is estimated to grow at steady CAGR of 2.9% during the forecast period and projected to generate an absolute dollar opportunity of US$ 24.6 Mn from 2022 to 2027.

What Is the Impact of the COVID-19 Crisis on the Aircraft Exterior Lighting Market?

The aviation industry was deeply affected by the after effects of COVID-19 due to travel bans and lockdown implemented by various countries to restrict the spread of pandemic. The international and domestic air travel faced restriction and production & assembly plants witnessed shutdowns. Due to this the global demand for aircraft exterior lighting in 2020 was affected and there was decline in the demand for aircraft parts and components.

Country-wise Insights

Why is the Demand for Aircraft Exterior Lighting Increasing in Germany?

European airline operators are now being pushed to purchase more fuel-efficient planes in order to comply with the European Union's Emissions Trading System, a cap-and-trade mechanism aimed at lowering greenhouse gas emissions. Airlines are also taking the necessary steps voluntarily. As a result, the modest global demand for fuel-efficient, mid-range airplanes, and narrow & wide body aircrafts is likely to drive the growth of the global aircraft exterior lighting market.

Germany is recognized for its outstanding manufacturing industry and excellence in engineering. The aircraft parts and accessories industry in Germany continues to remain strong. Overall sentiment and perception towards European parts and component suppliers continues to remain positive.

What is the Aircraft Exterior Lighting Market Outlook in U.S.?

The U.S. is projected to account for approximately 90% of the North America aircraft exterior lighting market in 2021. The high demand for air travel and improved flying experience is driving market expansion in U.S. The increasing air passenger traffic in U.S. is driving up aircraft orders, which in turns is driving up demand for aircraft lighting in U.S. over the forecast period.

Furthermore, the presence of major aircraft manufacturer in North America contributes to the high demand for aircraft lighting products. In addition, aircraft OEM and airlines are demanding for more efficient LED lights to help cut carbon emission in the region. Furthermore, growing research activities, the existence of key players, and higher expenditures in product development also contribute to the country's aircraft exterior lighting market growth. 

What is the Growth Outlook in China?

The increasing sales of aircrafts, growing aircraft maintenance, repair and overhaul (MRO) activities, and rising demand for premium air travel are projected to boost the China aircraft exterior lighting market. The Chinese aviation sector is still thriving, with Chinese aircraft manufacturers exporting a staggering number of planes throughout the world.

The expansion of China based air carriers are also thriving and operating significant number of aircrafts. The large fleet size require MRO services, hence exterior lighting demand is anticipated to grow the aftermarket business in China.

The demand for aircraft exterior lighting in China is projected to create an absolute dollar opportunity of US$ 13.8 Mn from 2022 to 2027, growing at a significant CAGR of 5.7% in terms of value during the forecast period.

Category-wise Insights

Which Product Segment to Exhibit High Demand?

The landing lights segment is projected to grow at 3.5% CAGR by volume during the period of 2022 to 2027. Landing light segment is gaining popularity owing to the increasing demand for better guidance for landing aircraft in bad weather conditions. These lighting system allows pilots to analyse how much runway they can see ahead so they know where to land the aircraft.

The exterior lighting is used to notify ground crew of the planned movement, boost situational awareness, and alert nearby aircraft. Airlines are investing in sophisticated aircraft lighting systems for the long-term benefits of technological advancements such as component miniaturisation, LED lighting system, smart lighting, lightweight products, and the use of energy efficient lights.

Which is the Most Preferred Sales Channel for Aircraft Exterior Lighting Market?

Original equipment manufacturer (OEM) segment for aircraft exterior lighting is anticipated to grow at 3.3% CAGR in terms of value over the forecast period and to be valued at US$ 352.2 Mn by 2027 end. In the OEM market, largest share is contributed by North America region owing to large aircraft fleet size and thriving aircraft manufacturing industry.

Competitive Landscape

Over the past few years, growth in the number of product development and expansion activities has been witnessed to improve the supply of aircraft components. Several key players are also focusing on improving efficiency of aviation lighting system. Emergence of various manufacturers had also been witnessed in the global business.

For Instance:

In June 2021, United Airlines unveiled a huge aircraft order for 270 narrow-body aircraft, the largest single order in its history. The aircraft will be fitted with new cabins will also feature new LED lighting to enhance the passenger experience

Scope of Report

Attribute

Details

Forecast Period

2022-2027

Historical Data Available for

2012-2021

Market Analysis

USD Million for Value and Units for Volume

Key Regions Covered

North America, Latin America, Western Europe, Eastern Europe,  South East Asia & Pacific, Middle East & Africa, China, India, and Japan

Key Countries Covered

US, Canada, Brazil, Argentina, Mexico, Germany, U.K., France, Spain Italy, BENELUX, Russia, Poland, Indonesia, Philippines,  Thailand, Malaysia, and Oceania

Key Segments Covered

Product Type, Aircraft Type, Sales Channel, and Region

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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Aircraft Exterior Lighting Market by Category

By Product Type:

  • Landing lights
  • Position lights
  • Anti-collision lights
  • Other Exterior Lights

By Aircraft Type:

  • Narrow Body
  • Wide Body
  • Large Body
  • Single Aisle
  • Regional Jets
  • Helicopters
  • Air Cargo
  • Business Jets

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket  

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific 
  • Middle East and Africa
  • China
  • India
  • Japan

Key Questions Answered in the Report

What is the current size of global aircraft exterior lighting market?

The aircraft exterior lighting market is expected to total US$ 514.8 Mn in 2022.
The aircraft exterior lighting market has been estimated to exhibit growth rate of 3.9% by value between 2022 and 2027.
Zodiac Aerospace, Diehl Aerospace GmbH, Honeywell International Inc., Rockwell Collins, and Astronics Corporation are the leading market players. They collectively anticipated to account for about 40% of the global market.
The demand in U.S. is expected to increase by 2.4% CAGR between 2022 and 2027 on volume basis.
U.S., China, and Germany are the key consumers of aircraft exterior lighting.
Increasing focus on strategic expansion by capacity expansion and acquisitions undertaken by leading players expected to shape the market in the coming years. Also, utilizing advanced technologies for new product development.

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