Market overview:

The Global Aircraft Signs Market Is Estimated At $826 Million In 2022 And Is Projected To Grow At A CAGR Of 9.2% From 2020 To 2030, Reaching $1670.17 Million In 2030.

Aircraft Signs are markings on the ground that shows the presence of an aircraft. These markings can be used to guide pilots while approaching, and can also be used to warn other drivers and pedestrians of oncoming aircraft. In order to prevent crashes and warn people away from approaching aircraft, aeroplane signals are crucial for safety.

COVID-19 Impact:

The pandemic had a substantial impact on the aviation sector, which was seen in a variety of factors, such as low passenger air traffic, delays in the delivery of aircraft, and cancellation of aircraft orders. Moreover, airline schedules were cancelled, many aircraft were placed into storage, and international aircraft movement was constrained. Also, the value of aircraft considerably changed, with narrow bodies in particular selling at a greater rate than usual, which caused order cancellation from major airlines all over the world.

Airbus indicated in July 2020 that it would reduce its pre-coronavirus commercial aircraft production rates by around one-third. The largest airline in India, IndiGo, had ordered 300 A-320neo family planes from Airbus, bringing its total number of A320neo family plane orders to 730. Airbus added that deliveries would be delayed due to the pandemic, which has disrupted the supply chain and the company's distribution network.

Market Dynamics:

Latest Trends:

The manufacture of aeroplanes must adhere to strict weight standards. Because heavier aeroplanes consume more fuel and cost more to maintain than lighter ones, weight is a critical factor in the design of both the aircraft itself and its component parts. The main factor affecting the aircraft's weight is the weight of the numerous parts and components that are put in the aircraft. As a result, the market's major manufacturers continually focus on creating small-size components that are extremely durable and light.

Lufthansa stated in July 2020 that it is developing the Guide U, a non-electrical floor path-marking system. The item is portable and simple to install and deploy in all popular line-fit aircraft platforms. The system does not need a power source, has an infinite lifespan, is lightweight, and requires no maintenance.

Driving Factors:

As the airline industry is primarily focused on improving passenger experience and comfort by installing cutting-edge aircraft interior systems, airline operators worldwide are heavily investing in aircraft modernization programmes and expanding OEM agreements to update the standard cabin furnishings and lighting systems. To improve cabin beauty, convenience, and functionality, aircraft interior lighting designers have been innovative and have applied the most recent research and technological advancements. In order to ensure that criteria are followed, interior lighting must also offer sufficient illumination in relation to an aircraft's installation distance or angle. The market is expanding due to increased spending in the aviation industry and rising spending on the design and development of cutting-edge aeroplane interiors.

Restraining Factors:

The supply chain and distribution channel economic slowdown has led to a drop in aircraft production. During the epidemic, this slowdown is expected to raise the backlog for aeroplanes. There are significant supply challenges at a number of large manufacturers of aircraft and its parts, which will continue to have an impact on the aviation industry.

Furthermore, one of the main causes of the market's slowing growth is the high cost of LEDs and their components. These lights are expensive because of the extremely accurate manufacturing process. During manufacture, each individual LED and fixture is checked for initial quality control. To meet standards, these lights must produce enough illumination for the installation distance or angle in an aeroplane.

Opportunities: Urban Air Mobility Platform

According to the UN, the world's urban population increased from 751 million in 1950 to 4.2 billion in 2018, causing space to become congested. With huge metropolitan populations, effective transportation systems must be controlled to allow mass mobility between cities. Cities all over the world are seeking for alternative modes of transportation to fight traffic congestion. Passenger drones and eVTOLs provide advantages such as avoiding congested road traffic, boosting mobility, decreasing pollution, cutting transit time, and reducing traffic accidents. and reducing strain on existing transportation systems. These urban air transportation platforms are expected to see significant demand in the near future, with most ecosystem participants participating at various levels of the platform's value chain.

• The Rise in Demand for Lightweight Aircraft

More sophisticated aircraft are being introduced worldwide, which has increased the demand for lightweight components in various segments like in Military - Interior & Exterior Aircraft lights. Manufacturers are providing lighter parts that, in turn, reduce the aircraft's weight. It is common to use fluorescent lights in aircraft for visibility. However, with newer and more efficient lighting types coming to the market, it has become more necessary to install them. This is because they are lighter than earlier types. As a result, it is expected that lightweight aircraft components will have a positive impact on the aircraft sector, providing a lucrative opportunity for global market expansion.

Challenges: Longer Lifespan of LED Lights:

Today, high-performance LED lights are fitted on aircraft during the manufacturing process. Incandescent lights have a lower average Mean Time Between Failures (MTBF) of around 1,000 hours, which is equivalent to 1-2 years. After installation, these lights must be tested on a regular basis and replaced at the end of their lives, in the event of complete failure, or even when the light's intensity is reduced. LED lights have an MTBF of 10,000 hours or 10 years, which is equal to an aircraft's lifespan. As a result, the aviation lighting replacement market may suffer.

Key Vendors:

Different leading key players have been profiled to get better insights into the businesses. It offers thorough elaboration on different top-level industries which are functioning in global regions. It contains informative data such as an overview of the company, contact information, and a number of significant strategies followed by key competitors.

• Luminator

Luminator Aerospace is a division of Luminator Technology Group, the largest manufacturer of cutting-edge LED illumination and signage for the global transportation industry in the world. Since the introduction of the McDonnell Douglas DC-4 in 1942, the commercial, general, and military aircraft industries have relied on Luminator Aerospace brand products for illumination, passenger comfort, and safety systems.

• S. AVIONICS SERVICES

Avionics Services SA provides services for aviation industries. The company manufactures and installs entertainment, security, and lighting systems. Avionics Services operates in Brazil.

• ARC Aviation Renewables

Aviation Renewables continues to represent a number of innovative green technology manufacturers in the industry and offers consulting services to global aviation stakeholders, aviation governing bodies, product manufacturers, and energy management stakeholders.

• ASTRONICS

Using cutting-edge technologies to power mission-critical systems, Astronics contributes daily to keeping people safe, comfortable, and connected. Experts work side-by-side with clients to solve problems with innovative, integrated solutions engineered from our assortment of power, connectivity, lighting, structures, interiors, test, and other technologies.

• Bruce Aerospace

Bruce Aerospace has designed and manufactured cabin lighting, exterior lighting, emergency, escape path lighting systems, and illuminated signage for all commercial aircraft, including exit and passenger information signs. We offer patent-protected full-colour Mood Lighting as a dynamic, customer-programmable "plug-and-play" system that provides rich colours and illumination levels tailored to each airline's unique brand.

• EATON

Eaton is an intelligent power management company committed to enhancing the quality of life and safeguarding the environment for all people. The company is guided by its own commitment to conduct business ethically, operate sustainably, and assist consumers with power management both now and in the future. By capitalizing on the global development trends of electrification and digitalization, the company is accelerating the transition to renewable energy and contributing to the resolution of the world's most pressing power management issues.

• Koito Manufacturing

KOITO MANUFACTURING CO., LTD manufactures automobile lighting apparatus including head and tail lights, rear combination lamps, and fog lamps. It has production facilities in Japan, the United States, the United Kingdom, the Czech Republic, China, Thailand, Taiwan, and India. Koito Manufacturing also produces aircraft electronic components, such as lighting apparatus and oil pressure gauges.

• ROCKWELL COLLINS

Rockwell Collins is a global leader in aviation and high-integrity solutions for both commercial and military clients. Every day, the company assists pilots in safely and reliably navigating to the farthest reaches of the globe, keeps war fighters aware and informed in battle, delivers millions of messages to airlines and airports, and assists passengers in remaining connected and comfortable throughout their journey.

• STG Aerospace

STG Aerospace creates innovative and cost-effective aviation illumination solutions. STG Aerospace was founded in 1995 and continues to push the boundaries of technology and product applications to meet the needs of the world's premier airlines, MROs, and OEMs. STG Aerospace is a leader in the development of photoluminescence in the aviation industry and continues to innovate other specialist lighting applications, such as LED cabin mood lighting and signage, by providing lightweight, dependable products that reduce operational and maintenance costs.

• Vilagrasa

Since 1957, Vilagrasa has been concerned about people and the environment. Therefore, the design of our products takes into account their consumers and the ways in which they employ them, regardless of where they reside. Vilagrasa products offer people the possibility of giving their own seal of identity to the space in which they are placed, because they are the result of a meticulous analysis of the needs to be met in that space

Strategic Development:

• In February 2022 - Boeing extended its contract with Diehl Aerospace, a subsidiary of Diehl Aviation, for the delivery of the interior illumination system for the Boeing 787 Dreamliner. In 2005, the first contract for the development and serial production of LED interior lighting for the Boeing 787 Dreamliner was inked.
• In September 2021 - Collins Aerospace introduced Lilac-UV, an ultraviolet (UV) illumination system designed to disinfect aircraft interiors wherever lights are mounted inside an aircraft. In seconds to minutes, Lilac-UV emanates a faint violet light that disinfects surfaces. Lilac-UV has a variety of applications, including lavatories, galleys, flight decks, cargo bays, and the cabin interior, with scheduled cleanings or manual treatments available during or between flights.

Segmentation Analysis:

The Aircraft Signs Market is segmented on the basis of aircraft type, light source, end user and region.

On the Basis of Aircraft Type:

By aircraft type, the market is segmented into fixed-wing and rotary-wing. The fixed-wing aircraft segment dominated the market in the base year due to increased commercial airline fleet worldwide. Several factors, including a high rate of passenger safety and low air passenger prices as a result of the emergence of low-cost airlines in the global aviation market, have contributed to the significant growth of the airline market in recent years. In 2021, the global aircraft fleet will comprise approximately 23,715 aircraft, and airline operators are placing bulk orders. Moreover, the growth of the market is driven by an increase in demand for modern aircraft as a result of rising air traffic and rising expenditure in the aviation sector by various nations.

The rotary-wing segment will witness a moderate growth due to the growing demand for helicopters for commercial purposes such as tourism and air ambulance application. Moreover, the increased growing military aircraft procurement is one of the major reasons for the segment growth during the forecast period. In January 2022, the U.S. Marine Corps received its first CH-53K King Stallions, the most potent heavy-lift helicopter in U.S. military service.

• Fixed-wing
• Rotary-wing
• Commercial Aviation
• Military Aviation
• Helicopters

On the Basis of Light Source:

The aircraft lighting market is segmented into interior lights and exterior lights in terms of lighting type. The interior lights segment is further segmented into signage lights, ceiling & wall lights, floor path lighting, reading lights, and lavatory lights. During the base year, the interior lighting segment grew at a faster rate due to the increasing implementation of LED lighting and mood lighting for a high level of passenger comfort and safety. Moreover, airline operators around the world are opting to implement LED lighting throughout the cabin to capitalize on the psychological benefits of mood lighting. For example, Virgin America, a low-fare airline in the United States that operated from 2007 to 2018, was noted for its spectacular mood lighting, with its characteristic purple and red cabin lights.

Moreover, the exterior lights segment is further segmented into emergency lights, navigation lights, and others. The market for this segment is growing at a significant rate, owing to increased spending on R&D by the key players that manufacture exterior lights. The high investment is due to the growing need to make these lights with high illumination capabilities and low manufacturing & maintenance costs.

• Interior Lights

• Signage Lights
• Ceiling & Wall Lights
• Floor path Lighting
• Reading Lights
• Lavatory Lights

• Exterior Lights

• Emergency Lights
• Navigation Lights
• Others

On the Basis of End-User:

The market is segmented by end-user into OEM and aftermarket. The aftermarket segment is expected to develop at a faster rate due to the increased demand for aviation lighting customization based on customer needs. Additionally, the expansion of the segment is associated with an increase in aircraft flight hours. When air passenger traffic increases, so does the use of lights. These lights necessitated a thorough inspection and bulb replacement for the duration recommended by the manufacturer. Consequently, increased growth rates are anticipated during the forecast period.

The OEM segment is predicted to develop faster due to a rise in the number of aircraft purchased for military and commercial purposes. Furthermore, increased demand for new contemporary generation aircraft in the United States and emerging Asia Pacific countries such as China and India is likely to promote market expansion in the approaching years.

• Aftermarket
• OEM

Regional Insights:

In 2015, it is anticipated that North America will be the largest market for Aircraft Signs, accounting for over 35% of the global share. The region has a well-developed aviation infrastructure and a large number of airports equipped with modern facilities. Furthermore, rising air travel in North America owing to increasing passenger traffic and low fares is expected to drive demand over forecast period.

The Asia Pacific region reported for more than 20% of the total market revenue in 2015 and is expected to witness significant growth owing to the rapid development of the region at both domestic and international levels.

Geographically, the global Aircraft Signs market has been analysed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• The research contains a wealth of information, including market dynamics scenarios and opportunities for the forecast period.
• Quantitative and qualitative data are included in segments and sub-segments.
• Data at the regional, sub-regional, and country levels include demand and supply dynamics, as well as their impact on the market.
• Detailed companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players are included in the competitive landscape.