Aircraft Cabin Lighting Market To Witness the Highest Growth in North America Region

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Aircraft Cabin Lighting Market to Witness
the Highest Growth in North America Region 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. 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. Key Market
Players Major players operating in the
aircraft cabin lighting market
include (France),
Zodiac United
Aerospace Technologies
(US), Diehl Stiftung (Germany), Rockwell
Collins (US), Astronics (US), STG Aerospace
(UK), Luminator Technology (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. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id953 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. Based on
aircraft type, the wide body aircraft segment is
projected to grow at the highest CAGR during the
forecast period. Based on aircraft type, the wide
body aircraft segment is projected to grow at the
highest CAGR during the forecast period. The
growth of this market can be attributed to the
demand for enhancing passenger experience in
commercial aircraft and due to
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increase in deliveries and order of wide body
aircraft by major airlines across the
world. 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. Key Market
Players Major players operating in the aircraft
cabin lighting market include Zodiac Aerospace
(France), United Technologies (US), Diehl
Stiftung (Germany), Rockwell Collins (US),
Astronics (US), STG Aerospace (UK), Luminator
Technology (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. Ask for Sample Report _at_ https//www.marke
tsandmarkets.com/requestsampleNew.asp?id953
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