Aircraft Cabin Lighting Market 2018, Size, Trends And Industry Analysis, Forecast To 2025

Aircraft Cabin Lighting Market Overview:

Global Aircraft Cabin Lighting Market is estimated to reach $2,033 million by 2022, registering a CAGR of 5.3% from 2016 to 2022. Increase in focus on enhancing travel experiences of passengers has fueled the adoption of cabin lighting systems in the market.
Leading market players have developed customized lighting systems and equipment to cater to the needs of consumers. In addition, they have focused on exploring novel technologies and applications through technology demonstration to increase their market outreach. LED lighting systems are being adopted by airline operators owing to higher efficiency, lower costs, and enhanced quality of light. Collaborations and acquisitions are expected to enable leading players to enhance their product portfolios, and expand into different geographical regions. The major revenue for aircraft cabin lighting systems is generated from North America, followed by Europe.
The global aircraft cabin lighting market has witnessed significant growth in the recent years, owing to the growth of the global aircraft industry and increase in air travel time. Airline operators have replaced traditional lighting systems with LED (light emitting diode) lights to reduce aircraft weight, fuel usage, and overall operational cost. Technological advancements in LED and Organic LED lighting systems and increase in government investments for aircraft development are expected to drive the market. Increase in demand for aftermarket and maintenance of aircrafts along with the high demand for retrofit lighting systems boost the market growth. However, high costs associated with advanced lighting systems are expected to restrict the market growth. High demand for efficient lighting systems from the emerging economies of the Asia-Pacific and LAMEA regions are anticipated to provide numerous growth opportunities in the future. Asia-Pacific is one of the emerging regions, which has adopted innovative cabin lighting systems, owing to increasing need for high quality, reliable, and flexible aircrafts. Increase in the use of aircrafts in dynamic operational environments challenging defense scenarios has provided growth opportunities to the market.
The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The study provides Porters five forces analysis of the market to understand the impact of factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.
Some of the significant players in the aircraft cabin lighting market that are profiled in the report are Diehl Aerospace GmbH, STG Aerospace Ltd., United Technologies Corporation, B/E Aerospace, Inc., Astronics Corporation, Zodiac Aerospace, Honeywell International Inc., Soderberg Manufacturing Company Inc., Aveo Engineering Group, and Cobham PLC.
Segment Overview
The global aircraft cabin lighting market is segmented into type of light, fit, aircraft type, and geography. Based on the type of light, the market is divided into wall, floor, ceiling light, reading light, lavatory light, and signage light. Based on the type of fitting, it is classified into line-fit and retrofit. On the basis of the type of aircraft, it is categorized into wide body aircraft, narrow body aircraft, very large aircraft, and regional jets. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA) including country-level analysis for each region.
Top Impacting Factors
Increase in installations of aircraft cabin lighting systems is attributed to growth of the global aircraft industry and surge in air travel. Airline operators have replaced conventional lights with LED lights to reduce aircraft weight and improve fuel efficiency. Traditional lighting equipment consume more power, which in turn increases the overall operational costs. Advanced LED lighting systems consume less power, reduce the overall weight of vehicles, and increase efficiency. Increase in demand for aftermarket and maintenance of aircrafts encourages airline operators to adopt highly efficient LED retrofit lighting systems. Retrofit lighting systems are being increasingly installed by aircrafts across the globe to improve efficiency, provide high quality lighting equipment, reduce costs, and decrease aircraft weight. Technological advancements in LED lighting and organic LED lighting systems are expected to supplement the market growth. Increasing competition among existing aircraft operators and growing focus on enhancing passenger experience boost the market growth. Moreover, surge in use of aircrafts for dynamic operational environments and challenges in the defense sector boost the market growth. Increasing demand for commercial aircrafts among emerging economies of the Asia-Pacific and LAMEA regions along with high government investments are expected to provide numerous growth opportunities in the market.
Key Benefits
  • This study comprises analytical depiction of the global aircraft cabin lighting market with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
  • The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market.
  • Porters five forces analysis illustrates the potency of the buyers and suppliers in the aircraft cabin lighting industry...
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