Uttarakhand News Today

Global Aircraft Cabin Lighting Market Expected to Grow at a CAGR of 6.48%

 Breaking News
  • No posts were found

Global Aircraft Cabin Lighting Market Expected to Grow at a CAGR of 6.48%

November 20
18:37 2019
The aircraft cabin lighting market is projected to grow from an estimated USD 1.46 billion in 2017 to USD 2.00 billion by 2022, at a CAGR of 6.48% during the forecast period. The increase in aircraft orders, passenger traffic, and upgradation of aircraft are some of the key factors driving the aircraft cabin lighting market.

The aircraft cabin lightingmarket is projected to grow from an estimated USD 1.46 billion in 2017 to USD 2.00 billion by 2022, at a CAGR of 6.48% during the forecast period. The increase in aircraft orders, passenger traffic, and upgradation of aircraft are some of the key factors driving the aircraft cabin lighting market.

Browse 196 market data tables with 38 figures spread through 213 pages and an in-depth TOC on the report, “Aircraft Cabin Lighting Market – Global Forecast to 2022”.

Download Free PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=953

Based on light type, the reading lights segment is estimated to be the fastest-growing segment of the aircraft cabin lighting market during the forecast period.

In the interior lights segment, the purpose of interior lights has shifted from illumination to provide a comfortable and relaxing atmosphere for the air traveler. According to the Journal of Consumer Psychology, lighting affects the mood of an aircraft passenger. This is persuading the aircraft manufacturers to deploy mood interior lighting that is capable of changing colors as per the demands of passengers. As compare to other interior light types the reading lights segment is estimated to grow at higher CAGR over the forecast period. This growth is attributed to an increase in the demand for replacement of existing reading lights in the old fleet of aircraft.

The aircraft cabin lightingmarket is projected to grow from an estimated USD 1.46 billion in 2017 to USD 2.00 billion by 2022, at a CAGR of 6.48% during the forecast period. The increase in aircraft orders, passenger traffic, and upgradation of aircraft are some of the key factors driving the aircraft cabin lighting market.

Browse 196 market data tables with 38 figures spread through 213 pages and an in-depth TOC on the report, “Aircraft Cabin Lighting Market – Global Forecast to 2022”.

Download Free PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=953

Based on light type, the reading lights segment is estimated to be the fastest-growing segment of the aircraft cabin lighting market during the forecast period.

In the interior lights segment, the purpose of interior lights has shifted from illumination to provide a comfortable and relaxing atmosphere for the air traveler. According to the Journal of Consumer Psychology, lighting affects the mood of an aircraft passenger. This is persuading the aircraft manufacturers to deploy mood interior lighting that is capable of changing colors as per the demands of passengers. As compare to other interior light types the reading lights segment is estimated to grow at higher CAGR over the forecast period. This growth is attributed to an increase in the demand for replacement of existing reading lights in the old fleet of aircraft.

Based on aircraft type, the wide body aircraft segment of the aircraft cabin lighting market is projected to grow at the highest CAGR from 2017 to 2022

The wide body aircraft is twin-aisle, due to the twin-aisle seating arrangement in wide body aircraft, the demand for interior lights is higher. The ratio of interior lights in wide body aircraft is also higher as compared with narrow body aircraft. Also the wide body aircraft orders are increasing due to which the wide body aircraft segment of the aircraft cabin lighting market is projected to grow at the highest CAGR during the forecast period.

Based on end user, the OEM segment of the aircraft cabin lighting market is projected to grow at a higher CAGR from 2017 to 2022.

Based on end user, the OEM segment of the aircraft cabin lighting market is projected to grow at the highest CAGR during the forecast period. The reason being all new aircraft delivered to airlines are equipped with lighting components that include interior lights. Most aircraft lighting providers offer the line fit option, as it is easy to customize the lighting according to the requirements of airlines before the aircraft is delivered. Boeing and Airbus are investing in advanced interior lighting solutions in the new aircraft, as there is a huge demand for advanced aircraft cabin lighting solutions for all type of aircraft.

Asia Pacific is expected to be the fastest-growing aircraft cabin lighting market during the forecast period.

Asia Pacific is expected to be the fastest-growing market during the forecast period. The growth is largely due to an increase in air passenger traffic in emerging countries such as India and China and rise in the number of commercial aircraft manufacturers in the region.

Major players operating in the aircraft cabin lighting market include Zodiac Aerospace (France), United Technologies (US), Diehl Stiftung (Germany), Rockwell Collins (US), and Honeywell (US). These key players offer various aircraft cabin light types including reading lights, ceiling lights, lavatory lights, signage lights, and wall lights. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/aircraft-cabin-lighting-market-953.html

Related Articles