Global Commercial Aircraft Lighting Market 2015-2019
About Commercial Aircraft Lighting
Aircraft lighting systems are a key component of an aircraft. New lighting systems have advanced technologies that consume less power and save fuel. These lighting systems are divided in two: exterior and interior lighting systems. Exterior lighting systems make the aircraft more visible to other aircraft. They also improve the visibility of pilots during critical phases of flight, such as landing and takeoff. They comprise beacons, strobes, and navigational lighting systems and equipment. Interior lighting systems are used to provide lighting to the cabin, cargo hold, and cockpit. These consist of lights mounted on ceilings and sidewalls, reading lights, and mood lighting. Increase in air travel has prompted innovation in aircraft lighting technology. Operators and manufacturers are upgrading lighting systems to provide more efficient and safe products.In 2014, the market was led by EMEA, which held a share of 38%, followed by the Americas and APAC with shares of 36% and 27%, respectively.
Technavio's analysts forecast the global commercial aircraft lighting market to grow at a CAGR of 4.98% during the period 2014-2019.
Covered in this Report
The report discusses the major Other Prominent Vendors
Technavio Announces the Publication of its Research Report – Global Commercial Aircraft Lighting Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Commercial Aircraft Lighting Market: ATG Airports, Honeywell, Vosla Gmbh and Abacus Lighting
Other Prominent Vendors in the market are: DB Airfield Solutions, Siemens AG, Avlite Systems, Hella KGaA Hueck, Carmanah Technologies and Crouse-Hinds
Commenting on the report, an analyst from Technavio’s team said: “In recent years, LED lighting systems have made progress in terms of light output, color properties, efficacy per electric watt, and potential for long life. These improvements paired with significant reductions in fuel burn and power consumption, improve visibility, energy savings and durability. Therefore, aircraft operators and manufacturers are increasingly upgrading their new and existing fleets to LED-based solutions.”
According to the report, the demand for air travel is likely to increase significantly in the coming years. To meet this demand, there is growing demand for new aircraft. Demand for new aircraft is also backed by the need to replace inefficient older aircraft with new aircraft that have advanced technologies and systems. These aircraft will be furnished with efficient lighting equipment for better visibility and navigation aids for the pilot.Further, the report states that cost associated with LED lighting systems is affecting the market growth.
ATG Airports, Honeywell, Vosla Gmbh and Abacus Lighting, DB Airfield Solutions, Siemens AG, Avlite Systems, Hella KGaA Hueck, Carmanah Technologies, Crouse-Hinds