Aircraft Lighting Market Likely to Enjoy Explosive Growth by 2027 | Madelec Aero, Safran, Cobham PLC

Aircraft lighting market is projected to reach $2.0 billion by 2027. The report highlights key drivers, restraints, and opportunities of the global market 2020.

PORTLAND, ORAGON, UNITED STATES, September 14, 2021 /EINPresswire.com/ — According to the report published by Allied Market Research, the global aircraft lighting market generated $1.4 billion in 2019 and is estimated to reach $2.0 billion by 2027, registering a CAGR of 4.7% from 2019 to 2027. The report offers an extensive analysis of the changing market dynamics, major segments, market player positioning, industry roadmap, pricing analysis, and competitive scenario.

An increase in aircraft demand and a shift from incandescent lights to LED lights drive the growth of the global aircraft lighting market. However, the high cost of LED and delayed delivery of aircraft hinder market growth. On the other hand, the surge in demand for lightweight aircraft components creates new opportunities in the coming years.

Download Report Sample at

https://www.alliedmarketresearch.com/request-sample/6638

Covid-19 Scenario on Aircraft Lighting Market:

The aviation industry is one of the worst-hit sectors during the lockdown. On the other hand, the precautionary measures and government restrictions on travel and tourism have badly impacted the industry with less revenue generation.
However, various countries have started entering the recovery phase including China, India, and others. Furthermore, the governments in these regions are expected to lift certain restrictions, offering an opportunity for the aviation industry to get back to their profit margin.

Request for Customization of this report at

https://www.alliedmarketresearch.com/request-for-customization/6638

Based on interior lights, the wash lights segment contributed to the largest share in 2019, accounting for around one-fifth of the total share, and is estimated to maintain its dominant position during the forecast period. Moreover, the reading lights segment is estimated to portray the highest CAGR of 5.0% from 2019 to 2027.

Based on light type, the LED segment accounted for the largest share in 2019, holding nearly three-fourths of the total share, and is expected to maintain the largest share throughout the forecast period. In addition, this segment is estimated to portray the highest CAGR of 5.0% from 2019 to 2027.

Based on the region, North America contributed to the highest share, accounting for more than one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, this region is expected to grow at the highest CAGR of 5.1% from 2019 to 2027. The report also analyzes region including Europe, LAMEA, and Asia-Pacific.

Interested to Procure The Data? Inquire here at

https://www.alliedmarketresearch.com/purchase-enquiry/6638

Leading market players analyzed in the aircraft lighting market research include Aeroleds, Astronics Corporation, Beadlight Limited, Bruce Aerospace, Cobham PLC, Heads Up Technologies, Honeywell International Inc., Madelec Aero, Safran, and Whelen Aerospace.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+1 -503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn


Source: EIN Presswire