(Aviation-NewsWire.Com, April 12, 2019 ) Aircraft lighting market is experiencing a high growth throughout the globe, driven by growth in the production of aircrafts, demand for efficient aircraft lights, and advancement in the lighting to deliver hassle free experience to its passengers. Moreover, with the steady growth in the GDP of countries, growth in middle-level income class group, adoption of air transportation in increasing among the users. These factors are anticipated to drive the aircraft lighting market during the forecast period.
Some of the key players operating in the aircraft lighting market includes Zodiac Aerospace, Honeywell International Inc., Diehl Stiftung & Co. KG., Cobham PLC, United Technologies Corporation, Rockwell Collins, Oxley group, STG Aerospace Ltd., Astronics Corporation, and Bruce Aerospace.
The report aims to provide an overview of global aircraft lighting market with detailed market segmentation. Also, it analyzes the current market scenario of aircraft lighting market and forecasts the market till 2025. The report covers market dynamics affecting the aircraft lighting market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the aircraft lighting market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the aircraft lighting market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.
The report focuses on an in-depth segmentation of aircraft lighting market based on system types, fit types, light types, aircraft types, technology, and end user. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further bifurcated by respective countries. By fit type segment, line fit is accounted for largest share in the aircraft lighting market in 2017 and whereas retrofit is expected to grow at the highest CAGR during the forecast period.
The Asia Pacific is one of the prominent region in aircraft lighting market which is contributing highest revenue globally due to high population growth. Raise in the standard of living, disposable income, and business activity is anticipated to grow the demand of air transportation and which would further develop economy of countries and would contribute towards the growth of aircrafts. China, Japan, and India are the most populated countries in APAC region. Demographic trends, increasing disposable income of individuals, policies established by regulatory bodies to control the access of domestic and other airlines. Rest of APAC, and India is expected to hold a high market share followed by China and Japan. Owing to this, several global manufacturers and providers of aircraft lighting has potential to invest in this region.
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