Global Aircraft LED Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Aircraft LED Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Aircraft (Narrow-body, Wide-body, Regional Jet, and General Aviation), Application (Ceiling and Side-Wall Lights, Emergency Lights, Sign Lights, Cockpit Lights, and Others), End Use (Aftermarket, and OEM), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Aircraft LED Market was valued at USD 1,046.2 million in 2023 and is expected to reach USD 2,259.1 million by 2031 while growing at a CAGR of 10.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global aircraft LED market growth. Aircraft LED involves utilizing Light Emitting Diode (LED) technology for various lighting applications in aircraft. LEDs, semiconductor devices emitting light through electric current, are gaining popularity in aviation for their advantages over traditional lighting like incandescent or fluorescent lights.
Increasing energy efficiency and weight savings are anticipated to drive the aircraft LED market. However, challenges such as high initial costs and the absence of standardization in LED technology for aviation applications may impede market expansion.
Furthermore, the global aircraft LED industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Aircraft Analysis
The Global Aircraft LED Market is segmented among Narrow-body, Wide-body, Regional Jet, and General Aviation, based on Aircraft. In 2023, Narrow-body accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Aircraft LED Market is segmented among Ceiling and Side-Wall Lights, Emergency Lights, Sign Lights, Cockpit Lights, and Others, based on Application. In 2023, Ceiling and Side-Wall Lights accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Aircraft LED Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Astronics Corporation, Aveo Engineering Group, Collins Aerospace, Cree, Inc., Diehl Aviation, Honeywell Aerospace, Luminator Aerospace, Precise Flight, Inc., Rockwell Collins, Safran, STG Aerospace, and UTC Aerospace Systems.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Aircraft LED Market Dynamics
Drivers
Restraints
Opportunity
4. Global Aircraft LED Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Aircraft LED Market Segmentation, By Aircraft
Global Aircraft LED Market Share Analysis, By Aircraft
Global Aircraft LED Market Growth Analysis, By Aircraft
Global Aircraft LED Market Trends, By Aircraft
o Narrow-body
o Wide-body
o Regional Jet
o General Aviation
6. Global Aircraft LED Market Segmentation, By Application
Global Aircraft LED Market Share Analysis, By Application
Global Aircraft LED Market Growth Analysis, By Application
Global Aircraft LED Market Trends, By Application
o Ceiling and Side-Wall Lights
o Emergency Lights
o Sign Lights
o Cockpit Lights
o Others
7. Global Aircraft LED Market Segmentation, By End Use
Global Aircraft LED Market Share Analysis, By End Use
Global Aircraft LED Market Growth Analysis, By End Use
Global Aircraft LED Market Trends, By End Use
o Aftermarket
o OEM
8. Global Aircraft LED Market Segmentation, By Region
Global Aircraft LED Market Share Analysis, By Region
Global Aircraft LED Market Growth Analysis, By Region
Global Aircraft LED Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Astronics Corporation*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Aveo Engineering Group
Collins Aerospace
Cree, Inc.
Diehl Aviation
Honeywell Aerospace
Luminator Aerospace
Precise Flight, Inc.
Rockwell Collins
Safran
STG Aerospace
UTC Aerospace Systems
*Similar analysis will be provided for each company listed above.
