Asia-Pacific Aircraft Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific Aircraft Lighting Market Report is Segmented by Lighting Type (Interior Light, Exterior Light), Application (Commercial Aircraft, General Aviation Aircraft), and Geography (China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific). 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).

Asia-Pacific Aircraft Lighting Market Size

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Asia-Pacific Aircraft Lighting Market Summary
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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

Asia-Pacific Aircraft Lighting Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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, major 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 and 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 growth of the market in the coming years. However, supply chain disruptions can restrain market growth.

Asia-Pacific Aircraft Lighting Market Trends

Commercial Aircraft Segment to have the Largest Market Share During the Forecast Period

Asia-Pacific is expected to become the major aviation industry globally in the coming decade. In 2022, the air passenger traffic in the region surged rapidly as compared to other regions. On this note, as per the annual data released by the IATA, in 2022, air passenger traffic in Asia-Pacific was recorded at 1.9 billion. Airline companies in the region are implementing fleet expansion plans to cater to the growing air passenger traffic in the major countries. China, India, Japan, and Indonesia accounted for 70% of the total air passenger traffic in the region, generating demand for new aircraft compared to other Asia-Pacific countries.

Due to the growth in passenger traffic, major airlines in the countries are expanding their fleet of aircraft. Several low-cost carriers operating in the region are focused on enhancing the customer experience onboard long-haul flights. In 2022, some airlines, such as All Nippon Airways, started introducing mood-based lighting in their aircraft. Lighting is increasingly becoming an important part of the overall passenger experience, and the suppliers have taken steps to ensure that it can be consistent throughout the cabin and for everyone. New lighting products are launched regularly, each designed to improve performance and aesthetics. Due to such initiatives, it is expected to surge the demand for line-fit and retrofit market of aircraft lighting, is anticipated to bolster the growth of the segment in the forecast period.

Asia-Pacific Aircraft Lighting Market: Asia-Pacific Aircraft Lighting Market: Commercial Aircraft Deliveries, in Units, Asia-Pacific, 2018-2022

China to Witness Highest Growth During the Forecast Period

China is becoming a major hub for aviation and the country is expected to become the top aviation industry by 2030. A total of 897 million air passengers traveled through China in 2022, compared to 783.25 million in 2021. The rising number of deliveries of new commercial passenger aircraft has positively driven the growth of the lighting market. Of the commercial aircraft deliveries, about 85% were narrowbody, followed by 15% widebody aircraft. To cater to the growing passenger traffic in the region, the airlines in China are expanding their destination network and increasing their fleet, which is propelling aircraft demand. Similarly, with the growth in high-net-worth individuals has led to an increase in charter business travel in the country, generating demand for helicopters and business jets. To further enhance the passenger experience onboard aircraft (commercial aircraft and business jets), the airlines and charter providers are investing in modern cabin interiors with better lighting systems. Similar cabin modernization plans of airlines and charter providers are anticipated to propel the growth of the aircraft lighting market in the country.

Asia-Pacific Aircraft Lighting Market: Asia-Pacific Aircraft Lighting Market: Air Passenger Traffic, in Million, China, 2018-2022

Asia-Pacific Aircraft Lighting Industry Overview

The Asia-Pacific aircraft lighting market is semi-consolidated and players such as Collins Aerospace (RTX Corporation), STG Aerospace Limited, Oxley Group, Honeywell International Inc., Safran SA, etc. account for a significant market share. Collins Aerospace and Honeywell International Inc. are the major players in the market that support major aircraft programs of Airbus, Boeing, Embraer, COMAC, and Bombardier among others with interior and exterior lighting. Key players are investing heavily in innovations and power-saving technologies such as LEDs and OLEDs to suit the operational demand for the thriving low-cost carrier segment market in the region.

Asia-Pacific Aircraft Lighting Market Leaders

  1. Safran SA

  2. STG Aerospace Limited

  3. Oxley Group

  4. Honeywell International Inc.

  5. Collins Aerospace (RTX Corporation)

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Aircraft Lighting Market Concentration
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Asia-Pacific Aircraft Lighting Market News

In September 2023, GAMECO and Honeywell entered into a license agreement to serve as Honeywell's third-party channel partners for aircraft component repairs in China. This agreement marks the first time Honeywell has been licensed as a third-party channel provider for airlines in the country.

In February 2023, Qantas launched new first-class cabins and business-class cabin options for ultra-long-haul flights as part of Qantas' 'Project Sunrise' program. It consists of a lighting program tailored to passengers' moods and sleep habits.

Asia-Pacific Aircraft Lighting Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Lighting Type

      1. 5.1.1 Interior Light

      2. 5.1.2 Exterior Light

    2. 5.2 Application

      1. 5.2.1 Commercial Aircraft

      2. 5.2.2 General Aviation Aircraft

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Australia

        6. 5.3.1.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 STG Aerospace Limited

      2. 6.1.2 Honeywell International Inc.

      3. 6.1.3 Diehl Stiftung & Co. KG

      4. 6.1.4 Oxley Group

      5. 6.1.5 Safran SA

      6. 6.1.6 Collins Aerospace (RTX Corporation)

      7. 6.1.7 S.E.L.A. Lighting Systems

      8. 6.1.8 Astronics Corporation

      9. 6.1.9 KOITO MANUFACTURING CO., LTD.

      10. 6.1.10 Madelec Aero

      11. 6.1.11 Bruce Aerospace

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Asia-Pacific Aircraft Lighting Industry Segmentation

Aircraft lighting systems provide exterior and interior illumination. Exterior lights provide illumination for operations such as night landing, icing conditions inspection, and midair collision safety. Interior lights provide illumination for 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 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
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
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Asia-Pacific Aircraft Lighting Market Research FAQs

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.

In 2024, the Asia-Pacific Aircraft Lighting Market size is expected to reach USD 224 million.

Safran SA, STG Aerospace Limited, Oxley Group, Honeywell International Inc. and Collins Aerospace (RTX Corporation) are the major companies operating in the Asia-Pacific Aircraft Lighting Market.

In 2023, the Asia-Pacific Aircraft Lighting Market size was estimated at USD 200.30 million. The report covers the Asia-Pacific Aircraft Lighting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Aircraft Lighting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Aircraft Lighting Industry Report

Statistics for the 2024 Asia-Pacific Aircraft Lighting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Aircraft Lighting analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia-Pacific Aircraft Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)