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Aircraft Cabin Lighting Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : 12:07 AM, 20th April, 2018 REP-ID-504 Category: Defence, Marine & Aerospace

Aircraft Cabin Lighting Market Overview

Aircraft cabin refers to the part of aircraft in which passenger travels. In recent years, aircraft cabin lighting system has witnessed various technological developments. Newly developed aircraft cabin lighting system helps in saving the fuel consumption of the aircraft. At the same time, these lights improve the attractiveness of the aircraft.

Market Size and Forecast

Global aircraft cabin lighting market is expected to flourish at a CAGR of 6.1% during the forecast period. Additionally, aircraft cabin lighting industry is expected to garner USD 2,803 Million by the end of 2024. Moreover, growth of aircraft industry across the globe is envisioned to bolster the growth of the aircraft cabin lighting market in the upcoming years. Furthermore, rising demand for retrofit lighting is envisioned to strengthen the growth of the global aircraft cabin lighting market.

Aircraft cabin Lighting

In the terms of regional platform, North America dominated the overall aircraft cabin lighting market in 2016. Further, North America is expected to continue its dominance over the forecast period 2017-2024. Increasing adoption of technological advanced LED lights is anticipated to fuel the demand for aircraft cabin lighting system in the region. More importantly, government involvement in the development and growth of aircraft industry is expected to fuel the growth of aircraft cabin lighting market. U.S. is the major contributor to the growth of the aircraft cabin lighting market in the North America region. This growth can be attributed to rising number of air passengers coupled with increasing demand for aircrafts. Europe grabbed second position in global aircraft cabin lighting market. Rising demand and adoption of retrofit aircraft cabin lights in the region is expected to intensify the growth of the aircraft cabin lighting market in the Europe.

Asia Pacific is projected to witness lucrative growth during the forecast period. Unprecedented growth of aircraft industry in the region is expected to drive the demand for aircraft cabin lighting market during the forecast period. Further, increasing adoption of innovative aircraft cabin lighting systems and rising demand for high quality lighting products is believed to foster the growth of the aircraft cabin lighting market. Countries such as China, Japan and India are expected to be the major contributor to the growth of the aircraft cabin lighting market owing to the growth of the domestic and commercial aircraft segment.

On the basis of fit, global aircraft cabin lighting market has been segmented into line-fit and retro-fit. Retrofit accounted for the largest share in overall aircraft cabin lighting market in 2016. Additionally, this segment is anticipated to grow at highest CAGR over the forecast period.

Market Segmentation

Our in-depth analysis has segmented global aircraft cabin lighting market into the following segments:

By Light Type

  • Wall, floor and Ceiling Lights
  • Spot and Reading Lights
  • Lavatory Lights
  • Signage Lights
  • Others

By Fit

  • Line-fit
  • Retro-fit

Global Aircraft Cabin Lighting Market Size

By Aircraft Type

  • Narrow Body Aircraft
  • Wide Body Aircraft
  • Regional Jets
  • Others

By Region

Global aircraft cabin lighting market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Turkey, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea & Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (GCC, Israel, North Africa, South Africa & Rest of Middle East) Market Size and Y-O-Y Growth Analysis

Growth Drivers & Challenges

Increase in number of air travels and positive growth of aircraft industry across the globe is substantially raising the demand for the aircraft cabin lighting market. Moreover, rising disposable income coupled with changing lifestyle of the people such as frequent adoption of air travels is expected to boost the growth of the aircraft cabin lighting market. Additionally, rising demand for commercial aircrafts in the developing regions such China, Brazil and others is anticipated to be dynamic factor behind the growth of the global aircraft cabin lighting market.

Apart from this, technological advancement such as development of innovative LED aircraft cabin lights and organic LED lights is likely to accelerate the growth of the aircraft cabin lighting market. In addition, technologically advanced aircraft cabin lights are light weight and consume less power. These factors are anticipated to strengthen the market of the aircraft cabin lighting globally.

However, high cost of advanced cabin lighting systems is believed to dampen the growth of the global aircraft cabin lighting market during the forecast period.

Key Players

  • Honeywell International Inc.,
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Diehl Aerospace GmbH
  • STG Aerospace Ltd.
  • United Technologies Corporation
  • Rockwell Collins, Inc.
  • Astronics Corporation
  • Zodiac Aerospace
  • Soderberg Manufacturing Inc.
  • Aveo Engineering Group
  • Cobham plc.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global aircraft cabin lighting market is segmented as follows:

  • By Light Type Market Size & Y-O-Y Growth Analysis
  • By Fit Market Size & Y-O-Y Growth Analysis
  • By Aircraft Type Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Key Answers

 

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