Aircraft Cabin Lighting Market Outlook and Global Forecast to 2022 - PowerPoint PPT Presentation

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Aircraft Cabin Lighting Market Outlook and Global Forecast to 2022

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Aircraft cabin lighting market is projected to grow from an estimated $1.46 billion in 2017 to $2.00 billion by 2022, at a CAGR of 6.48% during the forecast period. – PowerPoint PPT presentation

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Title: Aircraft Cabin Lighting Market Outlook and Global Forecast to 2022


1
According to the new market research report the
Aircraft Cabin Lighting Market is projected to
grow from an estimated 1.46 billion in 2017 to
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. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id953 Among light types, ceiling
wall lights are projected to witness the highest
demand across the globe from 2017 to 2022 Ceiling
wall lights are installed in wall panels or
ceilings of aircraft. The intensity of these
lights is adjustable. The ceiling wall lights
segment of the aircraft cabin lighting market is
projected to grow at the highest CAGR during the
forecast period. The replacement of the old
ceiling wall lights in existing aircraft fleets
with new ones is driving the growth of the
ceiling wall lights segment of the
market. Increasing use of narrow-body aircraft as
low-cost carriers for short distances is
contributing to the growth of this segment of the
market Though narrow-body aircraft requires less
number of interior lights, owing to their low
seating capacity. However, they are expected to
be the largest consumers of aircraft cabin
lighting across the globe during the forecast
period as they have the highest fleet count
among all aircraft types across the world. These
aircraft are also used as low-cost carriers for
domestic purposes. Thus, the increasing use of
narrow- body aircraft for short distances is
expected to lead to a rise in their number,
thereby contributing to the growth of the
narrow-body aircraft segment of the aircraft
cabin lighting market. Use of advanced and
energy-efficient lighting by airlines in their
underproduction aircraft is fueling the growth
of the OEM segment of the aircraft cabin
lighting market
2
Commercial aircraft manufacturers such as Airbus
and Boeing are focusing on using advanced and
energy-efficient lighting in their
underproduction aircraft. As such, most of the
providers of aircraft cabin lighting are offering
the line-fit option for aircraft cabin lighting
as it is easy to customize cabin lighting in new
aircraft according to the requirements of
airlines before their delivery. This is fueling
the growth of the OEM segment of the aircraft
cabin lighting market. The OEM segment is
projected to grow at a higher CAGR than the
aftermarket segment from 2017 to 2022. Aircraft
cabin lighting market in Asia Pacific is
projected to grow at the highest CAGR from 2017
to 2022 Increasing demand for new aircraft from
the Asia Pacific region due to the flourishing
commercial aviation sector in countries such as
India, China, and Japan is expected to fuel the
growth of the aircraft cabin lighting market in
this region. Moreover, continuous rise in the
number of air passengers and an increase in the
number of commercial aircraft manufacturers in
Asia Pacific are also fueling the growth of the
aircraft cabin lighting market in the region. The
adoption of new and advanced aircraft cabin
lighting by manufacturers for their newly
developed aircraft and the replacement of the
existing cabin lights with new ones in old
aircraft fleets are also propelling the growth
of the aircraft cabin lighting in the
region. Key Market Players Major players
operating in the aircraft cabin lighting market
include Zodiac Aerospace (France), United
Technologies (US), Diehl Stiftung (Germany),
Rockwell
Aerospace (UK), Luminator Technology (US),
Collins (US), Astronics (US), STG and Honeywell
(US). Ask for Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id953 About MarketsandMarkets MarketsandM
arkets provides quantified B2B research on
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over 200,000 markets and entire value chains for
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