Market Size of Americas Aircraft Lighting Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 307.87 Million |
Market Size (2029) | USD 474.34 Million |
CAGR (2024 - 2029) | 9.03 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Americas Aircraft Lighting Market Analysis
The Americas Aircraft Lighting Market size is estimated at USD 307.87 million in 2024, and is expected to reach USD 474.34 million by 2029, growing at a CAGR of 9.03% during the forecast period (2024-2029).
The importance of interior lighting in aircraft has risen from being an essential part to a prominent component in enhancing the overall passenger experience. American airline companies focus on modernized cabins with advanced interior lighting to improve the passenger experience.
The growth in air passenger traffic due to development in the business ecosystem, tourism, etc., is propelling the demand for new commercial and general aviation aircraft in the region. Additionally, regional airlines are moving toward advanced LED lighting, which helps them eliminate various drawbacks of the existing interior cabin lights in terms of efficiency, reliability, durability, and weight. The widespread adoption of LED ambient lighting technology on next-generation aircraft has enabled modernization activities to maintain a consistent service quality on board.