The overall aircraft tires market is set to demonstrate steady growth rate during the forecast period from 2018 to 2026, up from US$ 1,260.4 Mn in 2017. Aircraft tires are among the most dynamically engineered components present onboard aircrafts. Although for short durations, these tires are designed to withstand extremely heavy loads operating at high speeds of more than 150 miles/hour.

The global aircraft exterior lighting market was valued at US$ 2,387.2 Mn in 2017, expanding at a CAGR of 4.7% during the forecast period from 2018 to 2026. Aircrafts are furnished with a range of interior and exterior lights that are used for safety, direction-finding and to improve discernibility during takeoff or while taxiing on the ground.

The global air traffic control equipment market expected to expand at a CAGR of 5.8% during the forecast period from 2018 to 2026. Air traffic has grown over the last few years on the back of recovering economic conditions worldwide. Improving discretionary income has had positive impact on both corporate and leisure air travels in recent years.

Globally, the smart airport market is expected to grow with a CAGR of 11.50% during the forecast period from 2019 to 2027 and had registered a market value of US$ 13.20 Bn by 2018. The smart, airport gathers various technologies with the help of Internet of Things (IoT), with an objective of tactically differentiating an airport, while offering improved traveler experience, and providing various benefits with efficiencies and new revenue streams.

The retread tires market worldwide is projected to raise with a CAGR of 4.9% during the estimate period from 2019 to 2027, starting from US$ 12.65 Bn in 2018. Rising sales of commercial vehicles is expected to continue to boosting the demand for retread tires. Retread is a process of re-manufacturing in which worn tire casing is replaced with a renewed tread and sidewall rubber. Over 500 Mn units of retread tires were sold in 2018. Growth of tire replacement market worldwide and increasing used vehicles market are some of the major factors for the market growth. Cost effective, long lasting, environment- friendly are some of the benefits of retread tires, which are helping the market to grow. Therefore, we assume that the retread tires market will show significant growth during the forecast period.

Composite are formed with two or more materials that when combined, produce a new material with superior qualities that are significantly different to those found in the individual base materials. Traditionally, materials such as metals, aluminum alloys, plastics and others were being used for manufacturing an aircraft’s. However, owing to composite properties such as lightweight, low density, high toughness and rigidity, low carbon emission and so on, have replaced the traditional materials.