Press release
Aircraft Cabin Lighting Market to Receive overwhelming hike in Revenues by 2025
Drivers:
Stable growth in the aircraft industry and increasing air travel are the primary factors estimated to support growth of the aircraft cabin lighting market.
Additionally, the use of efficient lighting alternatives and energy efficient aircraft lights is forecasted to spur the global aircraft cabin lighting market. The global aircraft cabin lighting market is expected to have high opportunity potential in the low weight aircraft lights segment.
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Restraints:
The most significant restraint is associated with the lifespan of led lights, which is estimated to hamper growth of the global aircraft cabin lighting market.
Additionally, backlog of aircraft deliveries and global economic uncertainty are anticipated to hinder growth of the global aircraft cabin lighting market.
Global Aircraft Cabin Lighting Market: Segmentation
The global aircraft cabin lighting market is segmented on the basis of light type as follows: floor path lighting strips, signage lights, reading lights, lavatory lights, and ceiling & wall lights. The global aircraft cabin lighting market is divided on the basis of fit as follows: line and retrofit.
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The global aircraft cabin lighting market can be divided on the basis of type of aircraft as follows: regional transport aircraft, narrow body aircraft, wide body aircraft and very large aircraft. The regional transport aircraft (RTA) type is estimated to grow at a fast rate owing to its high demand from airline industries. RTA are known for their high safety equipment and small size. Owing to their small size, they require limited number of lights. The market for regional transport aircraft accounts for a high market share in North America and Europe, due to the cost effective carriers market and increase in domestic civil aviation.
Global Aircraft Cabin Lighting Market: Regional Outlook
On the basis of region, North America and Europe are estimated to remain dominant markets over the forecast period. Middle East & Africa, Japan, and Latin America are expected to be lucrative regions over the forecast period. The Asia Pacific aircraft cabin lighting market is anticipated to grow steadily over the forecast period, due to growth in the aircraft industry and airline travel in countries such as India, China, and ASEAN region.
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Global Aircraft Cabin Lighting Market: Market Participants
Examples of some of the market participants in the global aircraft cabin lighting market identified across the value chain include: B/E Aerospace, Inc., Cobham plc., UTC Aerospace Systems, Honeywell International Inc., Diehl Stiftung & Co. KG, Astronics Corporation, Zodiac Aerospace, Aveo Engineering Group, Bruce Aerospace, Luminator Technology Group, STG Aerospace Limited.
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