According to the report titled ‘Global Aircraft Lighting Market Size study, by Lighting Type (Interior Light, Exterior Light), Application (Commercial Aircrafts, Military Aircrafts) and Regional Forecasts 2020-2027’, available with Market Study Report, global aircraft lighting market was valued at USD 812 billion in 2019 and is expected to record a 9.4% CAGR during 2020-2027.
 

Surging demand for non-electrical floor path lighting to reduce weight of the aircraft, inclination towards LED lights, growing central government investment for development of new airports, and increasing aircraft manufacturing & deliveries are the key factors driving the growth of global aircraft lighting market. As per General Aviation Manufacturer’s Association (GAMA), over 440000 aircrafts, including utility helicopters, intercontinental business jets, and two-set training aircrafts were operating on domestic as well as international routes in 2019.
 

Notably, lighting is the most essential part of an aircraft as it offers illumination on the exterior for operations like signaling, landing at night, and prevent mid-air collision. While lighting in the interior of an aircraft provides illumination for instruments, compartments occupied by staff and passengers, cockpits, and cabins.
 

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As per International Trade Administration, the United Kingdom civil aerospace sector revenue was worth USD 44.6 billion in 2018. Extensive designing and production of aircraft systems, aircraft wings, engines, and helicopters in UK, and consequent export to European countries and United States are stimulating global aircraft lighting market growth trends.
 

Based on lighting type, global aircraft lighting industry is segmented into exterior light, and interior light. Speaking of application spectrum, the industry is divided into military aircrafts, and commercial aircrafts.
 

From the regional perspective, worldwide aircraft lighting market sphere is segmented into Europe, Latin America, North America, Asia Pacific, and Rest of the World. As per the report, North America currently holds considerable market share and is reckoned to witness modest gains over the estimated timeframe, on account of concentration of multinational organizations engaged in aircraft production in the region, and increasing number of aircraft manufacturing & deliveries.
 

Meanwhile, Asia Pacific aircraft lighting industry is anticipated to register a decent growth rate through 2027, owing to shifting inclination from incandescent lights to LED lights, and growing investments in development of new airports.
 

Leading organizations influencing global aircraft lighting market trends are STG Aerospace Ltd., Soderberg Manufacturing Company Inc., Collins Group LLC, Oxley Group Ltd., Luminator Technology Group, Honeywell International Inc., Heads Up Technologies Inc., Diehl Stiftung & Co. KG., Cobham plc, and Astronics Corporation.