Global commercial aircraft lighting market to grow at a CAGR of 4.98% during the period 2014-2019

Aircraft lighting systems are a key component of an aircraft. New lighting systems have advanced technologies that consume less power and save fuel. These lighting systems are divided in two: exterior and interior lighting systems. Exterior lighting systems make the aircraft more visible to other aircraft. They also improve the visibility of pilots during critical phases of flight, such as landing and takeoff. They comprise beacons, strobes, and navigational lighting systems and equipment. Interior lighting systems are used to provide lighting to the cabin, cargo hold, and cockpit. These consist of lights mounted on ceilings and sidewalls, reading lights, and mood lighting.

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Increase in air travel has prompted innovation in aircraft lighting technology. Operators and manufacturers are upgrading lighting systems to provide more efficient and safe products.

In 2014, the market was led by EMEA, which held a share of 38%, followed by the Americas and APAC with shares of 36% and 27%, respectively.

Technavio's analysts forecast the global commercial aircraft lighting market to grow at a CAGR of 4.98% during the period 2014-2019.

Covered in this Report

The report discusses the major drivers that influence the growth of the global commercial aircraft lighting market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

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Technavio's report, Global Commercial Aircraft Lighting Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the regional commercial aircraft lighting market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

o Astronics

o B/E Aerospace

o Cobham

o Diehl Aerosystems

o Zodiac Aerospace

Other Prominent Vendors

o Aveo Engineering

o Bruce Aerospace

o Honeywell Aerospace

o STG Aerospace

o UTC Aerospace Systems

Market Driver

o Increasing Demand for Air Travel

o For a full, detailed list, view our report

Market Challenge

o High Costs Associated with LED Aircraft Lighting Systems

o For a full, detailed list, view our report

Market Trend

o Shift toward LED Aircraft Lighting Systems

o For a full, detailed list, view our report

Key Questions Answered in this Report

o What will the market size be in 2019 and what will the growth rate be?

o What are the key market trends?

o What is driving this market?

o What are the challenges to market growth?

o Who are the key vendors in this market space?

o What are the market opportunities and threats faced by the key vendors?

o What are the strengths and weaknesses of the key vendors?

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