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Contracts was a Key Strategy Adopted by Industry Players to Achieve Growth in the Aircraft Lighting Market
The report profiles the key players in the aircraft lighting market, such B/E Aerospace Inc. (United States), Cobham plc. (United Kingdom), UTC Aerospace Systems (United States), Honeywell International Inc. (United States) and Diehl Stiftung & Co. KG (Germany), among others. These companies account for a major share of the aircraft lighting market. These companies also have manufacturing facilities across key regions, such as North America and Europe, with a strong distribution network. These companies adopted growth strategies, such as contracts, partnerships, agreements and new product launches to capture the majority of the share in the growing aircraft lighting market.
The companies have adopted this strategy to supply advanced products and services to customers, and to strengthen their product portfolio. B/E Aerospace Inc. (United States), UTC Aerospace Systems (United States), Diehl Stiftung & Co. KG (Germany) and Zodiac Aerospace (France) are some of the leading companies that have adopted this strategy to enhance their businesses.
On April 2016, Diehl Aerospace GmbH signed a contract with Luminescent Systems Inc., a subsidiary of Astronics Corporation for designing and developing emergency lights for the Embraer E2 program, which is a regional aircraft manufacturer from Brazil. The lighting system includes both, interior exit signs and exterior emergency lights that use LED lights technology. The passenger units include LED reading lights, passenger information signs, decorative LED Lighting features and other electronic objects.
In February 2016, UTC Aerospace Systems signed a 12-year agreement with the Singapore Airlines to provide air management systems, actuation systems, electric systems and lighting for their Airbus A350 aircraft. This long term agreement is known as Comprehensive Accessory Repair and Exchange (C.A.R.E).
On June 2014, Zodiac Aerospace acquired Greenpoint Technologies, which is headquartered in Washington. Greenpoint Technologies specializes in Boeing Business Jet VIP interiors, which includes 747-8 and 787 VIP interiors. This will help Zodiac Aerospace cater to VIP and VVIP cabin interiors segment in a more effective way.
In September 2013, B/E Aerospace, Inc. (U.S) has signed a contract with one of its customers to renovate their fleet of Boeing 737 aircraft with BE Aerospace’s luxurious lavatories, ecosystems vacuum toilets, and LED lighting systems.
Aircraft Lighting Market by Fit (Linefit, Retrofit), Aircraft Type (NBA, WBA, VLA and RTA), Light Type (Interior Light, Exterior Light), Technology and by Geography - Global Forecast to 2021
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