Global Aircraft Lighting Market: Key Highlights
Global Aircraft Lighting Market: Key Market Dynamics
Global Aircraft Lighting Market: Regional Overview
The aircraft lighting market in the Asia-pacific region is predicted to grow at the highest growth rate. Owing to the facts such as increasing population, and increasing number of travelers using air route the aircraft industry is expected to grow in the region. According to International Air Transport Association (IATA), in 2019 highest air traffic was in Asia-pacific region with the share of 34.3%. Thus, such increasing air traffic in this region can be a boosting factor for the growth of the market in the region.
Aircraft lighting market is expected to show substantial growth in the European region. Due to the presence of the major aircraft manufacturers in the region the market can grow notably. Airbus and its subsidiaries, Daher and Dassault Aviation have their businesses in the European region, this intensifies the demand for the aircraft lighting in the region.
Global Aircraft Lighting Market: Key Players Overview
Astronics Corporation is a US-based multinational company that provides technological solutions and services to aerospace, defense and other such industries. The company product portfolio is segregated into six segments named power & motion, connectivity & data, lighting & safety, interiors, services & structures, and test solutions. Under aircraft lighting and safety solutions category the firm serves with exterior lighting, cabin lighting and cockpit lighting among others. In 2019, the firm launched Nuancia RGBW Strip Lights, the product can fulfill the requirement of flexible lighting systems in seats and cabin of the aircraft.
Safran is a France-based global aerospace and defense company engaged in the manufacturing of aircraft engines, rocket engines and other aerospace components. The company product portfolio is categorized as aviation, space, and defense. In 2019, firm introduced a new type of cabin illumination based on edge lighting technology at Aircraft Interiors Expo. Also the company exhibit another innovation in the Expo that is integrated lighting in the lavatory mirror.
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