$2.1 Billion Aircraft Lighting Industry Outlook, 2030 - Shift from Incandescent Lights to LED Lights

The aircraft lighting market is projected to grow from USD 1.1 billion in 2019 to USD 2.1 billion by 2030, at a CAGR of 5.8% during the forecast period.

The aircraft industry in North America has witnessed strong growth in the past few years. It is one of the most profitable industries in the region. The high demand for aircraft lighting products in North America can be attributed to the presence of major aircraft manufacturers such as Honeywell International (US) and Collins Aerospace (US) in the region.

Increasing passenger traffic, demand for new aircraft, high demand for helicopters in civil and commercial applications, and the rapid replacement of traditional lights with advanced lighting solutions are other major factors driving the aircraft lighting OEM market in North America.