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 |
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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, 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.
