Global Aircraft Cabin Lighting Market is to witness a CAGR of 7% from 2018 to 2023

Posted October 22, 2020 by nita01

Global Aircraft Cabin Lighting Market is estimated to witness a CAGR of 7% from 2018 to 2023.
Global Aircraft Cabin Lighting Market is estimated to witness a CAGR of 7% from 2018 to 2023.
Market Highlights:
Aircraft cabin environment is a key consideration for the enhancement of the cabin ambience and passenger experience. Aircraft cabin lighting has been developed to create a stress-free atmosphere and increase yields across the fleet. The increased use of lightweight and energy efficient lights have led to an increase in demand for the development of aircraft cabin lighting. The emergence of mood lightings and new aircraft interior lighting system will boost the market growth. Other factors driving the growth of the global aircraft cabin lighting market are increase in demand for newer aircrafts, air passenger traffic, and aircraft upgrades. The increased focus on safety compliance and passenger experience will enable the manufacturers to offer new growth opportunities for the market players. However, there are some shortcomings such as lack of profitable airlines in developing countries which will restrain the growth of this market.
The market for aircraft cabin lighting market is estimated to witness a CAGR of 7% during the forecast period.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East, and South America. In North America, there is a presence of major commercial aircraft manufacturers, such as Boeing and Bombardier. In the European region, there is a high demand for aircraft cabin lighting. The regulation imposed by regulatory agencies, such as the European Aviation Safety Agency (EASA) for usage of cabin lightings in aircraft, are influencing the market growth in this region. Furthermore, STG Aerospace signed a contract with Boeing 737 NG fleet to provide LED mood lighting system, designed to retrofit commercial aircraft cabins. Meanwhile, Rockwell Collins signed an agreement with Comlux to provide interior lighting for aircraft cabin in a number of VIP aircraft.
The scope of the Report
This study provides an overview of the Global Aircraft Cabin Lighting Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global aircraft cabin lighting market by its light type, aircraft type, end-user and region.
Key Players
The key players in global aircraft cabin lighting market are Rockwell Collins (U.S.), Zodiac Aerospace (France), Honeywell International (U.S.), Diehl Stiftung & Co. (Germany), United Technologies (U.S.), Cobham Plc (U.K), Astronics Corporation (U.S.), STG Aerospace Limited (U.K), Luminator Technology Group (U.S.), and Precise Flight Inc. (U.S.).
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Categories Aerospace
Tags Global Aircraft Cabin Lighting Market
Last Updated October 22, 2020