According to Market Research Future Reports, the Global Commercial Aircraft Lighting Market is expected to grow significantly during the forecast period. The developments made in the commercial aircraft lighting is projected to be the most substantial factor influencing the global commercial aircraft lighting market 2020. The increasing demand for navigation technologies, along with a better passenger experience, is likely to drive the market growth in the approaching period. Further, the increased disposable income is estimated to further fuel the market growth. Also, macroeconomic development is expected to augment the market additionally.
The other factors which influence the market are the surging orders for aircraft, the demand for an efficient lighting system for passenger experience, and the expanding passenger traffic, are some of the other factors fueling the global market for commercial aircraft lighting. Also, the increasing adoption of LED lighting systems is further propelling the market size.
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In addition, the aircraft modernization programs are being adopted across the world, and the grown retrofit of existing aircraft is further magnifying the market. However, the expenses related to the modern lighting systems is estimated to hinder the market growth. Also, the concerns related to fittings, and the increasing aircraft backlogs are other factors hampering the market growth. In addition, the outbreak of COVID-19 has brought a negative impact on the aviation industry, owing to the suspended national and international travels. We will provide an impact analysis report on COVID-19.
The eminent players of the Worldwide Commercial Aircraft Lighting Market are COBHAM plc (UK), ASTRONICS Corporation (US), Diehl Stiftung & Co. KG (Germany), LUMINATOR Technology Group (US), Honeywell International Inc. (US), Oxley Holdings Ltd. (Singapore), STG Aerospace Limited (UK), Safran SA (France), Soderberg Manufacturing Co. Inc. (US), United Technologies Corporation (US), and a few more.
The global market for Commercial Aircraft Lighting Market can be distinguished based on technology, vendor, type, aircraft, and region. Based on technology, the global market for commercial aircraft lighting market can be distinguished into traditional, led, and others.
Based on the vendor, the global market for commercial aircraft lighting market can be distinguished into OEM and Aftermarket.
Based on type, the global market for commercial aircraft lighting market can be distinguished into interior lighting and exterior lighting
Based on aircraft, the global market for commercial aircraft lighting market can be distinguished into narrow-body, wide-body, and others.
Based on region, the global market for commercial aircraft lighting market can be distinguished into north America, Asia-pacific, Europe, and the rest of the world.
The global market for commercial aircraft lighting market is likely to grow significantly during the forecast period. Regionally, the market can be classified into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). As per the study, the global market for commercial aircraft market is estimated to be reigned by North America. It has been expected that the region would have approximately 10,000 aircraft would be in service by 2035. Besides, the presence of established players in the region is likely to augment the regional market. Also, the increased demand for air travel and enhance the flight experience. Further, the rise in passenger traffic in the region is leading to an additional order of aircraft leading to the rise in market size. The APAC region is anticipated to grow significantly during the forecast period. The region is experiencing a rise in demand for aircraft and light accessories from the other regions.
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