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Aircraft LED Market Share

Report ID: GMI7176
Published Date: Oct 2023
Report Format: PDF

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Aircraft LED Market Share

The aircraft LED industry is highly competitive owing to the presence of key players such as:

Astronics Corporation
Aveo Engineering Group
Collins Aerospace
Cree, Inc.
Diehl Aviation
Honeywell Aerospace
Luminator Aerospace
Precise Flight, Inc.
Rockwell Collins
Safran
STG Aerospace
UTC Aerospace Systems

Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture market share are positively impacting market growth.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for aircraft LED reached USD 950million in 2022 and is poised to expand at over 10% CAGR from 2023 to 2032 with airlines and aircraft manufacturers increasingly turning to LEDs to lower operational costs and reduce greenhouse gas emissions.

Aircraft LED market from the automotive application segment is expected to record significant growth through 2032 attributed to the rising number of commercial aircraft along with the surging need for overhead and floor emergency lighting.

Asia Pacific market for aircraft LED is projected to witness over 11.5% CAGR from 2023-2032 owing to the presence of key manufacturing hubs for aircraft components, including LED lighting systems in the region.

Some of the top aircraft LED companies are Honeywell Aerospace, Astronics Corporation, Aveo Engineering Group, Collins Aerospace, Cree, Inc., Diehl Aviation, Luminator Aerospace, Precise Flight, Inc., Rockwell Collins, Safran, STG Aerospace, and UTC Aerospace Systems.