Market Size of Asia-Pacific Aircraft Lighting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 224 Million |
| Market Size (2029) | USD 370.33 Million |
| CAGR (2024 - 2029) | 10.58 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia-Pacific Aircraft Lighting Market Analysis
The Asia-Pacific Aircraft Lighting Market size is estimated at USD 224 million in 2024, and is expected to reach USD 370.33 million by 2029, growing at a CAGR of 10.58% during the forecast period (2024-2029).
In the past few years, significant countries in the region, like China, India, and Japan, witnessed a rapid increase in passenger traffic, resulting in large orders for new aircraft from airlines operating in the region. The rising per capita income of the population due to increased economic and infrastructure development aided the growth of the number of air passengers. It supported the fleet expansion plans of domestic and regional airlines. The rising number of aircraft deliveries of new commercial passenger aircraft positively drove the growth of the aircraft lighting market. Additionally, the retrofit orders for new cabin lighting as a part of cabin modernization initiatives undertaken by the airlines are also expected to accelerate the market's growth in the coming years. However, supply chain disruptions can restrain market growth.
Asia-Pacific Aircraft Lighting Industry Segmentation
Aircraft lighting systems provide exterior and interior illumination. Exterior lights illuminate operations such as night landing, inspection of icing conditions, and midair collision safety. Interior lights illuminate instrumentation, cockpit, cabin, and other areas occupied by crew members and passengers. Some specific lights, including indicator and warning lights, indicate the working status of equipment.
The Asia-Pacific aircraft lighting market is segmented based on lighting type, application, and geography. By lighting type, the market is divided into exterior light and interior light. By application, it is divided into commercial aviation and general aviation. The report also offers the market size and forecasts for five countries across the region. For each segment, the market size and forecasts have been done based on value (USD).
| Lighting Type | |
| Interior Light | |
| Exterior Light |
| Application | |
| Commercial Aircraft | |
| General Aviation Aircraft |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Australia | |
| Rest of Asia-Pacific |
Asia-Pacific Aircraft Lighting Market Size Summary
The Asia-Pacific aircraft lighting market is poised for significant growth, driven by the region's burgeoning aviation industry. Countries like China, India, and Japan have experienced a surge in passenger traffic, prompting airlines to place substantial orders for new aircraft. This increase in air travel, supported by rising per capita income and economic development, has led to fleet expansions and a corresponding demand for advanced aircraft lighting systems. The market is further bolstered by retrofit orders as airlines modernize cabin interiors to enhance passenger experience. However, potential supply chain disruptions pose challenges to sustained market growth.
As Asia-Pacific emerges as a global aviation hub, the demand for aircraft lighting is expected to rise, fueled by the expansion plans of major airlines and the introduction of innovative lighting solutions. The region's low-cost carriers are particularly focused on improving onboard experiences, with mood-based lighting becoming a key feature. China, in particular, is set to become a leading aviation market, with significant investments in modern cabin interiors and lighting systems. The market is semi-consolidated, with major players like Collins Aerospace and Honeywell International Inc. leading the charge in providing cutting-edge lighting solutions. Strategic partnerships and innovations in energy-efficient technologies are expected to further drive market growth in the coming years.
Asia-Pacific Aircraft Lighting Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Lighting Type
-
2.1.1 Interior Light
-
2.1.2 Exterior Light
-
-
2.2 Application
-
2.2.1 Commercial Aircraft
-
2.2.2 General Aviation Aircraft
-
-
2.3 Geography
-
2.3.1 China
-
2.3.2 India
-
2.3.3 Japan
-
2.3.4 South Korea
-
2.3.5 Australia
-
2.3.6 Rest of Asia-Pacific
-
-
Asia-Pacific Aircraft Lighting Market Size FAQs
How big is the Asia-Pacific Aircraft Lighting Market?
The Asia-Pacific Aircraft Lighting Market size is expected to reach USD 224 million in 2024 and grow at a CAGR of 10.58% to reach USD 370.33 million by 2029.
What is the current Asia-Pacific Aircraft Lighting Market size?
In 2024, the Asia-Pacific Aircraft Lighting Market size is expected to reach USD 224 million.
