Aircraft Lighting Market to Register CAGR of 9.46% during 2022-2029; Safran Electronics & Defense Services Asia Announces Escalation of Scope of MRO Activities to Commence Growth

The global aircraft lighting market size was valued at USD 670.6 million in 2021. The market is projected to grow from USD 712.8 million in 2022 to USD 1,341.7 million by 2029, exhibiting a CAGR of 9.46% during the forecast period.

This information is provided by Fortune Business Insights, in its report, titled, “Aircraft Lighting Market Size, Share & COVID-19 Impact Analysis, By Aircraft Type (Fixed Wing and Rotary Wing), By Lighting Type (Interior Lights and Exterior Lights), By Point of Sale (OEM and Aftermarket), and Regional Forecast, 2022-2029.”

COVID-19 Led to Postponements of Aircraft Deliveries and Reduced Demand for Aircraft Lighting System

The aviation industry was adversely impacted by the pandemic and the influence was observed in numerous parameter involving low passenger air traffic, terminations in aircraft deliveries, and withdrawal of aircraft orders. Additionally, surplus number of aircraft were found in storage conditions, airline schedules were negated, and international aircraft movement was limited. Furthermore, aircraft values experienced a considerable modification with narrow bodies especially trading at higher price than normal, resulting in order cancellation from prime airlines across the globe.

KLM Royal Dutch Airlines Chooses STG Aerospaces’ Next Generation Saf-Tglo

STG Aerospace, a Cwmbran-located aerospace emergency exit marking and cabin lighting systems supplier, has merged forces with KLM Airlines to update their aircraft with the recent-most generation of saf-Tglo (SSUL-X) emergency floor path marking system.

This novel partnership with KLM, the flag carrier airline of the Netherlands, denotes a chief moment for STG as they provide their latest generation of saf-Tglo to this esteemed launch customer.

Surge in Demand for Enhancement of Conventional Aircraft Lights with Modern Lights to Thrust Market Growth

The airline workers from all over the globe are highly capitalizing in aircraft modernization programs and augment agreements with OEMs to update the conventional cabin interiors and lighting systems. The airline industry is chiefly concentrating on refining passenger experience and comfort by installing advanced aircraft interior systems. Aircraft interior lighting designers have been resourceful and are utilizing both the latest research and the newest technology to upgrade cabin appearance, suitability, and purpose.

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https://www.fortunebusinessinsights.com/aircraft-lighting-market-104658

Critical Occupation-related Publications by Prime Players to Affect Market Dynamics

Crucial companies in the market often make important declarations concerning a few business moves, which, in turn, impact the market either affirmatively or adversely. Players procure companies, launch novel products, involve in collaborative deals, sign agreements with government establishments, and so on.

Notable Industry Developments:

• February 2022: Safran Electronics & Defense Services Asia declared that it augmented its scope of MRO activities. Additionally, Safran Electronics & Defense Services Asia gained novel scopes of repair, comprising an assortment of external lighting, cockpit control systems, wiper system, and cargo door.

List of Key Players Mentioned in the Report:

• Astronics Corporation (U.S.)


• Aveo Engineering Group s.r.o (Czechia)


• Bruce Aerospace (U.S.)


• Cobham plc (U.K.)


• Collins Aerospace  (U.S.)


• Diehl Stiftung & Co. KG (Germany)


• Honeywell International Inc. (U.S.)


• Luminator Technology Group (U.S.)


• Oxley Group (U.K.)


• Safran (France)


• Soderberg Manufacturing Company (U.S.)


• STG Aerospace Limited (U.K.)

Further Report Findings

North America dominated the aircraft lighting market share in 2021. It was valued at USD 209.2 million in 2021. The North American market growth is attributed to the presence of a well flourished line fit & retro fit aviation industry and the highest aircraft fleet and aircraft lighting manufacturers in the U.S.

In terms of lighting type, the market is bifurcated into interior lights and exterior lights. The interior lights segment is further segmented into signage lights, ceiling & wall lights, floor path lighting, reading light, and lavatory lights.

Table of Segmentation