Aircraft Lighting Market expected to grow at a CAGR above 9% in future
The market for Aircraft Lighting is expected to increase by 2030 with a compound annual growth of 9.2% during the forecast period of 2020 to 2030. Rising aircraft orders across the globe and the shift from incandescent lights to LED lights in developing economies propels the growth of the market of Aircraft Lighting.

Market Overview
The global Aircraft Lighting market was valued at 826 million US dollars in 2020 that is expected to reach 1987 million US dollars by the end of 2030 with a compound annual growth rate of 9.2% during the outlook period of 2020 to 2030.
Increasing demand for non-electrical floor path lighting and shift towards light weight aircraft components propels the growth of the market of Aircraft Lighting.

Covid-19 Impact on Aircraft Lighting market
The world is suffering with unprecedented pandemic occurred due to the corona virus that is spread all over the world. So far, due to this virus, lot of people lost their lives since the vaccine to cure the virus has not yet found. Due to the corona virus, all the manufacturing companies have halted their units and were not able to pay the salaries to their employees which results in the termination of the employees who are working in their companies without prior notice. As per the analysis, the Aircraft Lighting market is expected to increase owing to the increase in demand for Aircraft Lighting in various applications as well as increasing of investments for research and development for the new technological advancements in the field.

Segmentation Analysis and Drivers
The global Aircraft Lighting market is segmented according to end-user, light type, aircraft type, and light source.

On the basis of end-user, the market of Aircraft Lighting is segmented into aftermarket and OEM.

On the basis of light type, the Aircraft Lighting market is segmented into exterior lights and interior lights.

On the basis of aircraft type, the market of Aircraft Lighting is segmented into military aviation, commercial aviation, business jets & general aviation and helicopters.

On the basis of light source, the Aircraft Lighting market is bifurcated into Fluorescent and LED.

Drivers
Rising of aircraft orders across the globe and the shift from incandescent lights to LED lights in developing economies, increasing of demand for non-electrical floor path lighting and shift towards light weight aircraft components increasing of investments for research and development for the new technological advancements are some of the driving factors of the global Aircraft Lighting market.

Regional Analysis
The market of Aircraft Lighting is elaborated in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), Europe region (Italy, Germany, Spain, UK, France and rest of Europe), and Asia Pacific region (India, Japan, China, Australia and rest of Asia Pacific).

Among these regions, North America holds the major share of the market of Aircraft Lighting due to the high demand for air travel and enhance flight experience, rise in passenger traffic in this region leads to the increase of aircraft orders. North America is also expected to hold the dominion of the market during the forecast period. Asia Pacific region holds the second largest share of the market owing to the increasing investments for research & development for the new technological advancements. Europe region is expected to increase the market value owing to the factors such as increasing demand for aircraft lighting, which is likely to propel the market of Aircraft Lighting in this area in the coming days.

Key Players
Major players of the global Aircraft Lighting market are Cobham (US), Astronics (US), Honeywell (US), Collins Aerospace (US), Luminator Technology Group (US), Diehl Stiftung (Germany), Soderberg Manufacturing Company (US), Oxley Group (UK) and STG Aerospace (UK).

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