Just roll with it lightning and lockdown8/26/2023 With lights being the most vital component of an aircraft, offer illumination for operations like signaling, aid in landing at night, and safeguards from mid-air collision. ![]() Notably, aircraft lighting provides radiance for interior and exterior use. It also mentions mergers & acquisitions undertaken by leading organizations to tackle the competition in this industry vertical. Besides, the document acknowledges the competitive arena of the business sphere while offering insights regarding their product offerings, and market share held by each major player. Further, high demand for non-electrical floor path lightning in order to reduce aircraft weight is also creating lucrative opportunities for global aircraft lighting market players, cites the report.Īs per the given report, global aircraft lighting market is analyzed with respect to lightning type, application spectrum, and geographical landscape. The growth is primarily driven by increasing investments from central governments for developments of new airports, rising aircraft manufacturing & deliveries, and shifting preference from incandescent lights to LED lights. ![]() ![]() 20, 2021 (GLOBE NEWSWIRE) - As per credible estimates, global aircraft lighting market was worth USD 812 billion in the year 2019 and is expected to record a CAGR of 9.4% during 2020-2027. The report on ‘Global aircraft lighting market’ offers an in-depth assessment of the key trends governing the business space, along with growth drivers, opportunities, and challenges which will shape the industry growth pattern over 2020-2027.
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