Global Aircraft Cabin Lighting Market is valued approximately USD 1.48 Billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.80% over the forecast period 2019-2026. The Cabins are considered as a pivotal part of an airplane which is responsible to transport passengers. The Aircraft cabin lighting systems are precisely divided into ordinance signs and emergency lightings, reading and dome lights, lavatory lights, wash lighting and specialty lighting. In the present scenario, due to surge in number of passengers which include both domestic and international passengers, the airline operators are constantly improvising & focusing on increasing aircraft efficiency, comfort and luxury comfort for air travelers. Growth in the number of air passengers are increasing the demand for newer aircrafts, contributing towards market growth. For instance, as per the International Civil Aviation Organization, the number of air passengers are estimated to grow 8.2 billion in 2037 as compared to 3.79 billion in 2017. The Aircraft cabin lighting market is primarily driven owing to surging aircraft deliveries in both developed and developing countries, availability of alternatives to existing interior lights and rising demand of lightweight and energy efficient lights in the aviation sector. However, existing backlog of aircraft deliveries is acting as a key restraining factor for the growth and development of aircraft cabin lighting market.
The regional analysis of global Aircraft Cabin Lighting Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging number of airline operators along with escalating number of aircraft deliveries in United states and Canada. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Owing to the rising number of both domestic and international passengers and availability of lightweight and energy efficient lights in the region.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Emergency Lighting and Ordinance Signs
Reading & Dome Lights
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Aircraft Cabin Lighting Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers