Helicopter Lighting Market - Industry Size, Share, Growth Opportunities to 202

Posted by Savni on November 27th, 2019

Helicopter Lighting Market: Information by Type (Interior Lighting and Exterior Lighting), by Application (Civil and Military), by Vendor (OEM and Aftermarket), by Technology (Traditional, LED and Others) and by Region — Global Forecast till 2023

The global helicopter lighting market is anticipated to garner a CAGR of 3% during the forecast period (2018-2023), Market Research Future (MRFR) reveals in a detailed report. Helicopter lighting system is considered the major illumination source of the rotary-wing aircraft.

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The demand for helicopter lighting is skyrocketing across the globe due to increasing focus on improving aviation safety. The soaring adoption of LED lighting systems has contributed to the growth of the helicopter lighting market. The rising retrofit of existing rotary-wing aircraft, along with the adoption of aircraft modernization programs has highly influenced the market growth across the globe. The surging use of helicopters for law enforcement agencies and rescue missions has created promising growth opportunities for the entire market. Moreover, helicopter emergency egress lighting system (HEELS), which is present inside the cabin, assists in the evacuation during emergencies. This is predicted to encourage the growth of the helicopter lighting market during the forecast period. The growing use of new aircraft interior lighting system technology, along with the advent of mood lightings are likely to provide new growth opportunities.

On the contrary, defense budget cuts, specifically in developed regions, is likely to restrict the growth of the market across the globe.

Segmental Analysis:

The global helicopter lighting market has been segmented on the basis of type, technology, vendor, and application.

By type, the helicopter lighting market is segmented into exterior lighting and interior lighting. Of these, the exterior lighting segment acquires the largest share as it is considered a critical component, which assists in navigation as well as during landing/take-off of the helicopters.

By application, the helicopter lighting market is segmented into military and civil. Of these, the civil helicopters are estimated to acquire the largest market share. Due to increased mandates by agencies like the FAA, operators of commercial helicopters are highly installing helicopter lighting in the anti-collision lights in order to comply with the need and improve aviation safety.

By vendor, the helicopter lighting market is segmented into aftermarket and OEM. Of these, the OEM segment is predicted to acquire the largest share. OEMs are present in the region of North America and Europe, which has resulted in higher market size.

By technology, the market is segmented into LED, traditional, and others. Of these, LEDs are highly preferred by the operators as well as OEMs. As per the Department of Energy, LEDs consume 75% less energy compared to incandescent lighting. Also, due to their longer life span, they require less costly replacements. They also contribute to the overall weight reduction in the helicopters, thereby increasing fuel economy.

Regional Frontiers:

Geographically, the helicopter lighting market spans across Europe, Asia Pacific, North America, and the Rest of the World (RoW).

Considering the global scenario, the helicopter lighting market is led by North America, mainly due to the presence of several key helicopter manufacturers like Lockheed Martin and Boeing and lighting system providers like Honeywell and UTC. Honeywell estimates 4,000 to 4,200 brand-new civil helicopter deliveries in the next few years, which is predicted to create new growth opportunities.

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The Asia Pacific region is likely to expand at the fastest rate during the assessment period. The growth is majorly credited to the soaring demand for civil helicopters, coupled with the increasing number of users opting helicopters for business travels, especially in countries like India and China.

Competitive Dashboard:

The players operating in the global helicopter lighting market include Astronics Corporation (US), Aero Dynamix, Inc. (the US), Collins Aerospace (a part of United Technologies Corporation (US)), Cobham plc (UK), Honeywell International Inc. (US), DeVore Aviation Corporation of America (US), Oxley Group (UK), Luminator Technology Group (US), Whelen Engineering Company, Inc. (the US), and Precise Flight, Inc. (US).

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Joined: October 21st, 2019
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