Scope of the Study
The global aircraft cabin lighting market is expected to grow at a significant rate of 6.1 percent during the forecast period of 2019-2025, according to the AMA study. Aircraft cabin interior lighting solutions refer to the electronic lightings used for different types of passenger comfort in an aircraft's cabin which includes the products such as floor lighting, mood lighting, reading lights, bag storage bin lights, and many more. Moreover, the rising global aircraft production and deliveries are one of the major driving factors for the aircraft cabin lighting market due to rising awareness to provide more passenger comfort to traveling passengers on a flight.
The market study is being classified by Type (LED/OLED, Fluorescence, Halogen and Others), by Application (Signage Lights, Ceiling & Wall Lights, Floor Lights, Spot & Reading Lights, Cockpit Lights and Others) and major geographies with country level break-up. According to AMA, the Global Aircraft Cabin Lighting market is expected to see growth rate of 6.1%
Collins Aerospace (United States), SELA (France), Astronics Corporation (United States), Cobham Limited (England), Diehl Stiftung & Co. KG (Germany), Honeywell International Inc (United States), STG Aerospace Limited (United Kingdom), SODERBERG MANUFACTURING COMPANY INC. (United States), Bruce Aerospace (United States) and Oxley Group (United Kingdom) are some of the key players profiled in the study.
The vendors in this market are focusing on developing new products to cater to the requirement of growing industry demands. For instance, in December 2019, STG Aerospace launched the first red floor lighting product for aircraft cabin flooring. Moreover, in April 2019, STG Aerospace announced the launch of the world’s first blue-glowing photoluminescent floor path marking system for aircraft cabin interior applications. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aircraft Cabin Lighting market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Aircraft Cabin Lighting market by Type, Application and Region. On the basis of Type, LED are dominating the market in the year 2019
On the basis of geography, the market of Aircraft Cabin Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Global Aircraft Production & Deliveries
- Increasing Demand for Retrofitting of Existing Aircraft Fleet Due to Growing Electrification & Automation of Old Aircraft Models
- Growing Adoption of Smart Lighting Solutions Across Aviation Industry
- Introduction of Innovative Lighting Solutions such as Mood Lighting
- Dimming Over Time of LEDs if Operated at Temperatures Higher than Their Design Specification
- Introduction of Cost-Effective and Low-Power Alternative Lighting Solutions such as LED Lights Over Existing Interior Lighting Solutions
- High Initial Installation Cost
Market Leaders and their expansionary development strategies
In April 2017, Rockwell Collins announced that it has completed the acquisition of B/E Aerospace worth USD 8.3 billion to strengthen its portfolio into aircraft interior components such as deck avionics, and cabin electronics
In April 2019, Collins Aerospace announced the launch of industry's first-ever μLED reading lights for aircraft cabins which provide 66 percent reduction in weight savings over traditional systems and delivers over 75,000 hours of lifespan compared to the 35,000-hour current average
Key Target AudienceAircraft Cabin Light Manufacturers, Aircraft OEMs and MRO Service Providers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Raw Material & Component Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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