Aircraft Exterior Lighting Market to Reach US$ 624 Mn by the end of 2027

VALLEY COTTAGE, New York, March 13, 2018 /PRNewswire/ --

Future Market Insights (FMI) has recently published a report titled, "Aircraft Exterior Lighting Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027." The report states that a progress in the aircraft industry and the growing aviation industry are the core factors impacting the growth of the global aircraft exterior lighting market. According to the analysis, the market is expected to exhibit a CAGR of 3.7% over the course of the forecast period and reach a valuation of around US$ 624 Mn by the end of 2027.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Manufacturers are concentrating on the introduction of new application-specific products in order to better address the requirements of specific aircraft. Furthermore, market players are found to be channelizing efforts towards consolidating their delivery channels while keeping focus centred on direct sales. Companies like Rockwell Collins cater to the demands of both domestic and international customers by maintaining a steady focus on R&D. However, backlog projects remain a threat for several companies. Some of the other leading companies operating in the market are United Technologies Corp., Honeywell International Inc., Zodiac Aerospace S.A., Diehl Aerospace Gmbh, Aveo Engineering Group, s.r.o., Whelen Engineering Co., Inc., Astronics Corporation, and Cobham plc.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-4702

Expanding Fleet Sizes to Boost Demand for Aircraft Exterior Lighting 

The number of air passengers has risen extensively in Asia Pacific owing to the liberalisation of markets and development in the wealth and size of the middle class. In current decades, Asia has emerged as a chief region in aviation traffic and is anticipated to remain resilient in the coming decade. The economic and monetary growth in large emerging markets such as China and India has been a primary driver for global GDP growth and further for the aviation industry as well. Over the years, China has contributed significantly to world traffic growth as its passenger growth has increased at a noteworthy rate. India's emergence as a high-growth economy is expected to give rise to one of the largest commercial aviation markets in the coming decade. As a result, the fleet size of airline owners especially those following a low cost business model is expected to surge significantly leading to a rise in the demand for aircraft components worldwide. Consequently, the demand for aircraft exterior lighting is anticipated to intensify over the coming years.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you https://www.futuremarketinsights.com/askus/rep-gb-4702

However, stringent regulations are likely to act as a roadblock in the growth of the market in the near future. Regulations concerning pollution produced by aeroplanes will become more stringent in the coming years as most of the countries have agreed to reduce the impact of greenhouse gases. The number of aeroplanes coming to the refurbishing point will significantly decline if aircraft owners choose to retire their aircraft and buy a new fleet instead of opting for refurbishing the old aircraft, to clear regulations listed by authorities. This may negatively impact the aircraft exterior lighting market.

View Report Preview at Aircraft Exterior Lighting Market Segmentation By Product - Landing Lights, Anti-collision Lights, Position Lights, Other Exterior Lights; By Aircraft - Narrow Body, Wide Body, Large Body, Single Aisle, Regional Jets, Helicopters, Air Cargo, Business Jets; By Sales - Original Equipment Manufacturer (OEM), Aftermarket: https://www.futuremarketinsights.com/reports/aircraft-exterior-lighting-market

Original Equipment Manufacturers to Benefit from a Growing Demand from Single-aisle Aircraft 

The market penetration of low-cost carriers is expected to remain high in the coming years. There are new growth opportunities via the low-cost and long-haul business mode. Liberalisation in intra-regional traffic and open skies with China would also contribute to market growth. As a result, OEMs will find a plethora of opportunities arising from this sector.

Browse More: Automotive & Transportation Market Insights

More from FMI's Cutting-edge Intelligence: 

Automotive Pillar Market Segmentation By Vehicle Type - Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle; By Product Type - Pillar A, Pillar B, Pillar C, Pillar D; By Sales Channel - OEM, Aftermarket: https://www.futuremarketinsights.com/reports/automotive-pillars-market

Automotive Brake System & Components Market Segmentation by Sales Channel - OEM (Drum Brake, Disc Brake), Aftermarket( Brake Booster, Master Cylinder, Drum Brake(Drum, Brake Shoe, Wheel Cylinder)), Disc Brake(Rotor, Caliper, Brake Pad); By Vehicle Type - Passenger Car, LCV, HCV: https://www.futuremarketinsights.com/reports/automotive-brake-system-and-components-market

Automated Guided Vehicle (AGV) Market Segmentation Navigation Technology - Laser Guidance,Magnetic Guidance, Infrared Guidance, Wire Guidance, Inertial Guided, Optical Guided; Application - Transportation, Distribution, Storage; Vehicle Type - Unit Load Carrier, Pallet Truck,Assembly line Vehicle, Tow Vehicle, Forklift Truck, Light load Transporters; End User - Logistics, Healthcare, Automotive, Manufacturing, Food & Beverage, Aerospace: https://www.futuremarketinsights.com/reports/automated-guided-vehicles-market

ABOUT US: 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:  
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44(0)20-7692-8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremrketinsights.com

FMI Blog: http://www.fmiblog.com/
Website: http://www.futuremarketinsights.com