Global Aircraft Cabin Lighting Market : Industry Size, Share, Analysis, Trend & Future Planning 2022
Bharat Book Bureau Provides the Trending Market Research Report on“Global Aircraft Cabin Lighting Market, Forecast to 2022” underIndustry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends,Top Players, global presence, and their future prospects.
Rise in demand for interior lights is one of the significant factors driving theaircraft cabin lighting market
The aircraft cabin lighting market is projected to grow from an estimated USD 1.46 billion in 2017 toUSD 2.00 billion by 2022, at aCAGR of 6.48% during the forecast period. This growth can be attributed to factors, such as increased demand for interior light systems, as most of the airlines are upgrading their cabin interiors to increase efficiency and provide better service to passengers. However, the lack of profitable airlines in emerging economies is expected to restrain the growth of this market.
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Based on end user, the aftermarket segment is projected to account for the larger share of the aircraft cabin lighting market during the forecast period
Based on end user, the aftermarket segment is estimated to account for the largest share of the aircraft cabin lighting market in 2017. The aftermarket phase is one of the crucial phases of the aircraft cabin lighting market, as post-delivery retrofit modification is done by the airlines. All major companies are focusing on aftermarket and Maintenance, Repair and Overhaul (MRO) services for cabin lighting.
North America is estimated to account for the largest share in the aircraft cabin lighting market in 2017 and Asia Pacific is projected to grow at the highest CAGR during the forecast period
North America is estimated to account for the largest share in the aircraft cabin lighting market in 2017. Major aircraft manufacturers, such as Boeing (US), Lockheed Martin (US), Bombardier (Canada), Bell Helicopter (US), Sikorsky Aircraft (US), BAE Systems (UK), The Raytheon Company (US), and General Dynamics (US), among others, are based in this region, and thus generate high demand for aircraft cabin lights. North America is projected to lead the aircraft cabin lighting market during the forecast period, in terms of market share. The Asia Pacific aircraft cabin lighting market is projected to grow at the highest CAGR during the forecast period, owing to the presence of emerging aircraft manufacturers, such as COMAC (China) and Mitsubishi Aircraft (Japan), among others. The Asia Pacific market has witnessed strong growth in the past few years, mainly due to the rising air passenger traffic. The growth in air passenger traffic has resulted in the increased demand for aircraft cabin lights, and this trend is expected to continue over the next five years.
Break-up of profile of primary participants in the aircraft cabin lighting market:
- By Company Type: Tier 1 – 30%, Tier 2 – 35%, and Tier 3 – 35%
- By Designation: C Level – 32%, Director Level – 38%, and Others – 30%
- By Region: Asia Pacific – 27%, Europe – 18%, North America – 46%, and RoW – 9%
Major companies profiled in the report include Zodiac Aerospace (France), Cobham (UK), Diehl Stiftung (Germany), and Honeywell (US), among others.
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