Aircraft Passenger Exit Path Lighting Market to Reach $1.1 billion, Globally, by 2032

According to a new report, the aircraft passenger exit path lighting market was valued at $585.2 million in 2022, and is estimated to reach $1,101.8 million by 2032, growing at a CAGR of 6.8% from 2023 to 2032.

The growth of the aviation industry, including passenger air traffic, is a key driver for the growth of the aircraft passenger exit path lighting market. As air travel continues to increase globally, a corresponding need for more aircraft equipped with exit path lighting systems is expected to ensure passenger safety. Furthermore, stringent safety regulations imposed by aviation authorities such as the FAA, EASA, and others mandate the installation of exit path lighting systems in commercial aircraft. Any updates or revisions to these regulations that require enhanced safety features drive the growth of exit path lighting systems.

On the basis of light source, the LED segment held the highest market share in 2022, accounting for more than three-fifths of the global aircraft passenger exit path lighting market revenue. This is attributed to the fact that LEDs are highly energy-efficient, consuming significantly less power compared to traditional lighting sources such as incandescent or fluorescent bulbs. This energy efficiency is crucial in aircraft where minimizing power consumption is essential for fuel efficiency and operational cost savings.

However, the incandescent segment is projected to manifest the fastest CAGR of 9.3% from 2023 to 2032, This is attributed to the fact that Incandescent lights were likely readily available in the market at the time of increased demand for aircraft exit path lighting. Availability plays a crucial role in the adoption of any technology, and if incandescent lights were more accessible compared to alternatives, they would have been more likely to dominate the market.