Global Aircraft LED market projected to reach USD 2.1 billion by 2033, with focus on efficiency and innovation.
From GlobeNewswire: 2024-07-17 06:00:00
The Global Aircraft LED Market is projected to reach USD 2.1 Billion by 2033, with a 3.42% CAGR from 2023. LED lighting is preferred for its energy efficiency and durability, driving market growth. Major manufacturers are investing in R&D for innovation and market share. North America dominates the market, while Asia Pacific is experiencing the fastest growth.
The aircraft LED market value chain involves raw material suppliers, manufacturers, OEMs, and aftermarket service providers. Stricter regulations and continuous innovation drive value chain improvements. The narrow-body segment leads in market share, with LED lighting enhancing energy efficiency and passenger experience. Ceiling and side-wall lights are the most popular application, offering adjustable brightness and color settings.
In the aftermarket segment, airlines are investing in LED lighting for energy efficiency and passenger comfort. North America leads the market due to the region’s strong aviation sector presence and focus on energy-efficient technology. Asia Pacific is experiencing rapid growth due to increased investment in aviation infrastructure and LED lighting systems to meet regulatory requirements.
Major key vendors in the Aircraft LED Market include Astronics Corporation, Diehl Aviation, Collins Aerospace, and Honeywell Aerospace. Recent developments include Boeing renewing its agreement with Diehl Aerospace to supply interior lighting for the Boeing 787 Dreamliner. The market is segmented by aircraft type, application, end-user, and region for comprehensive analysis.
For in-depth insights and detailed analysis of the aircraft LED market, browse the report on the “Global Aircraft LED Market Size, Share, and COVID-19 Impact Analysis, By Aircraft, Application, End-Use, and Region.” Competitive analysis includes SWOT analysis, product offerings, and recent developments of key companies in the market. Stay up-to-date with the latest news and market trends to make informed decisions in the rapidly evolving aircraft LED market.
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