Aircraft Exterior Lighting Market Emerging Growth Analysis, Future Demand and Business Opportunities 2027
Future Market Insights (FMI) has recently published a report titled “Aircraft Exterior Lighting Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2022–2027.” The report states that a progress in the aircraft industry and the growing aviation industry are the core factors impacting the growth of the global aircraft exterior lighting market . According to the analysis, the market is expected to exhibit a CAGR of 3.8% over the course of the forecast period and reach a valuation of around US$ 624 Mn by the end of 2027. Manufacturers are concentrating on the introduction of new application-specific products in order to better address the requirements of specific aircraft. Furthermore, market players are found to be channelizing efforts towards consolidating their delivery channels while keeping focus centred on direct sales. Companies like Rockwell Collins cater to the demands of both domestic and international customers by maintaining a steady focus on R&D. Ho