Market Size of Europe Aircraft Lighting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 189.03 Million |
| Market Size (2029) | USD 266.41 Million |
| CAGR (2024 - 2029) | 7.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Aircraft Lighting Market Analysis
The Europe Aircraft Lighting Market size is estimated at USD 189.03 million in 2024, and is expected to reach USD 266.41 million by 2029, growing at a CAGR of 7.10% during the forecast period (2024-2029).
The development of the business ecosystem, rise in disposable income of people, investment in the tourism sector, etc., propels the demand for commercial and general aviation aircraft in the European region. The factor mentioned above is subsequently driving the market growth for aircraft lighting.
The innovations and introduction of new technologies, such as LED mood lighting, human-centric lighting, and other innovative cabin lighting products, significantly fuel the demand for aircraft lighting systems in Europe. A wide range of lighting options in several different colors is helping airlines and aircraft manufacturers enhance customers' moods and experiences during air travel and lessen jetlag.
The success of LCCs is high in this region. Major airline companies in the region, such as Air France, British Airways, and Lufthansa, are focusing on improving the overall passenger experience in the commercial aircraft market. This is expected to play a vital role in aiding the region's demand for aircraft lighting systems.
Europe 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 Europe aircraft lighting market is segmented based on lighting type, application, and geography. By lighting type, the market is segmented into exterior light and interior light. By application, the market is segmented 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 sizing and forecasts have been done based on value (USD).
| Lighting Type | |
| Interior Light | |
| Exterior Light |
| Application | |
| Commercial Aircraft | |
| General Aviation Aircraft |
| Geography | |
| United Kingdom | |
| France | |
| Germany | |
| Spain | |
| Russia | |
| Rest of Europe |
Europe Aircraft Lighting Market Size Summary
The Europe Aircraft Lighting Market is poised for significant growth, driven by the increasing demand for commercial and general aviation aircraft. This demand is fueled by factors such as the development of the business ecosystem, rising disposable incomes, and investments in the tourism sector. The market is experiencing a surge in innovation, with the introduction of advanced technologies like LED mood lighting and human-centric lighting, which enhance passenger experiences and reduce jet lag. The success of low-cost carriers and the focus of major airlines on improving passenger experiences are further propelling the market. The rise in air passenger traffic, particularly in southern and eastern Europe, is leading to the expansion of national aviation infrastructure, including new regional airports, which in turn drives the demand for new aircraft and, consequently, aircraft lighting systems.
The market is characterized by a semi-consolidated nature with key players such as STG Aerospace Limited, Oxley Group, Safran, Honeywell International Inc., and Diehl Stiftung & Co. KG. These companies are at the forefront of technological and design innovations, developing cost-effective, power-efficient, and lightweight lighting solutions to enhance passenger comfort. The transition to high-quality LED lighting is a notable trend, as it addresses performance and durability issues of traditional lighting. The UK stands out as a significant market due to its high air passenger traffic and role as a gateway to Europe. The ongoing fleet modernization and expansion programs by airlines, along with new product developments in aircraft lighting, are expected to sustain the market's growth trajectory during the forecast period.
Europe Aircraft Lighting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Lighting Type
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2.1.1 Interior Light
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2.1.2 Exterior Light
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2.2 Application
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2.2.1 Commercial Aircraft
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2.2.2 General Aviation Aircraft
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2.3 Geography
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2.3.1 United Kingdom
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2.3.2 France
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2.3.3 Germany
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2.3.4 Spain
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2.3.5 Russia
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2.3.6 Rest of Europe
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Europe Aircraft Lighting Market Size FAQs
How big is the Europe Aircraft Lighting Market?
The Europe Aircraft Lighting Market size is expected to reach USD 189.03 million in 2024 and grow at a CAGR of 7.10% to reach USD 266.41 million by 2029.
What is the current Europe Aircraft Lighting Market size?
In 2024, the Europe Aircraft Lighting Market size is expected to reach USD 189.03 million.
