Aircraft Lighting Systems MarketPosted by Venkatesh on September 6th, 2018 In the Report “Aircraft Lighting Systems Market: By Aircraft (Commercial, Military, Cargo); By Application (Interior [Cockpit Lighting, Exit Mark, Others], Exterior [Aircraft Visibility, Pilot Visibility, Others]); By Service Light; By Light Type (LED, Incandescence, Others); By Geography - (2018-2023)” published by IndustryARC, the market is mainly driven by the increase in commercial aircrafts coupled with growing number of air passengers globally. North America continues to lead with major growth in the Aircraft Lighting Systems Market North America is the dominant market for aircraft lighting systems market which generated a value of 3.35 million and will grow with a CAGR of 4.54% to reach 7.18 million by 2023. In North America, especially in the U.S. has been the pioneer in innovation, manufacturing and export of a wide variety of aircrafts, thereby resulting in one of the nation’s largest net exporter. Asia-Pacific is the fastest growing region that will grow at a CAGR of 6.11% to reach revenue of 2.77 million by 2023. The growth in the APAC is mainly owing to the demand for commercial aircrafts in developing economies along with rising investments and moreinvestments, more gradually in the military sector. Selected Type and Interior Application Analysis done in the full Report: The findings say commercial aircraft lighting system market is the dominant market followed by military aircraft lighting system market. Anti-collision lights with respect to commercial aircraft lighting system market is the fastest growing segments, owing to more focus on aircraft visibility during flight to avoid fatal accidents. In 2015, cabin and cockpit lighting witnessed a fall in price, majorly due to installation of aircraft LED lights which are much more power efficient and cost friendly compared to fluorescent lights. The market for commercial cabin lighting system is set to see an upsurge due to the increasing competition for attracting the customers along with the increasing regulations in the aerospace. In interior lights, the commercial cabin lighting system market value is projected to grow at a CAGR of 6% and reach 11.85 million by 2023. Military cabin lighting in aircraft lighting system is projected to grow at a CAGR of 1.59% and to reach .57 billion till 2023. The commercial cockpit lighting systems market is set to grow at a CAGR of 4.86% and to reach 3 million in 2023. The military cockpit lighting systems market is expected to grow at a CAGR of 2.82% and to reach .21 million by 2023. The commercial market for emergency lighting in aircraft lighting system is set to see upsurge surge due to the growing advancements in the aerospace industry. The market revenue was 9.31 million in 2015 which is poised to grow at a CAGR of 2.35% and reach 4.89 million till 2023. The military emergency lighting system market revenue is expected to grow at a CAGR of 0.74% and to reach .5 million till 2023. The investments at a large scale have been fueling the overall market to a large extent in the developing regions. To Access/purchase the full report please follow the link below: https://industryarc.com/Report/10619/aircraft-lighting-systems-market.html Excerpts on Market Growth Factors Increasing fleet size globally, projects an opportunity in the market as aircrafts need to be continuously upgrade their existing fleet in sight of growing competition and renewed passenger focus on experience and comfort. The technological developments being carried out in diodes, source, weight, performance, automation and other factors, thus present significant opportunities for airplane lights systems manufacturer market. Key players of the Aircraft Lighting Systems Market UTC Aerospace Systems is the leading supplier in the aerospace lighting systems market contributing to nearly 24% of the revenue. UTC has its broad range of products; constant product launches and innovation have been successful in catering to variety of customers, consequently maintaining their hold over the market. Honeywell International Inc. has been successful in commercial aircraft and private jet lighting needs. But their stronghold in the defense sector has further augmented their market presence in this space. Other major OEMs of aircraft lighting system market include Rockwell Collins, United Technologies Corporation, Cobham PLC and others. Aircraft Lighting Systems Market report is segmented as below A. Aircraft Lighting Systems Market By Aircraft Type 1. Commercial Aircraft B. Aircraft Lighting Systems Market By Interior Lighting Application 1. Cockpit Lighting I. Radio navigation system lighting 2. Cabin Lighting I. Floor/ Wall/ Ceiling Lighting 3. Emergency Lighting C. Aircraft Lighting Systems Market By Exterior Lighting Application 1. Aircraft Visibility Lighting I. Navigation / Position Lights 2. Pilot Visibility Lighting I. Taxi Lights 3. Specific Purpose Lighting I. Logo Lights 4. Exit Marking Signs I. General Cabin Illumination D. Aircraft Lighting Systems Market By Service Lighting Application 1. Cargo bays E. Aircraft Lighting Systems Market By Lighting Type 1. LED F. Aircraft Lighting Systems Market by Geography (covers 10+ countries) Manufacturer Citied / Interviewed 1. Oxley Group What can you expect from the report? 1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume) Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services. 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