Global Aircraft Cabin Lighting Market: Introduction
The aircraft cabin lighting market has undergone high technological advancements in recent years. These technological advancements, along with innovative equipment spur the global aircraft cabin lighting market. In the global aircraft cabin lighting market, growth is relational to the aircraft industry and global growth in air travel. Additionally, factors that drive the aircraft cabin lighting market include the use of efficient lighting alternatives, energy efficient cabin aircraft lights, and growth in aircraft deliveries.
Aircraft cabin lighting systems are divided into segments such as: floor path lighting strips, lavatory lights, signage lights, reading lights, and ceiling & wall lights. With the increase in global air travel and growth in passenger investments, and to fight rising fuel prices, airlines are continuously improvising and focusing on enhancing aircraft efficiency, luxury, and comfort for air travelers. Aircraft cabin lighting is one of the key focus areas in this regard. The global aircraft cabin lighting market is estimated to be driven by factors such as air travel, increase in the demand for large and wide body aircraft, and the need to enhance passenger experience. The global aircraft cabin lighting market growth is estimated to be hampered by alternative modes of transport, airline order backlogs, and economic downturns. In the global aircraft industry, the major challenge faced by manufacturers is rising fuel prices, and to tackle this challenge the aircraft industry is trying to enhance efficiency in their cabin lighting systems by innovative working designs that save fuel and consume less power.
Global Aircraft Cabin Lighting Market: Dynamics
Stable growth in the aircraft industry and increasing air travel are the primary factors estimated to support growth of the aircraft cabin lighting market.
Additionally, the use of efficient lighting alternatives and energy efficient aircraft lights is forecasted to spur the global aircraft cabin lighting market. The global aircraft cabin lighting market is expected to have high opportunity potential in the low weight aircraft lights segment.
The most significant restraint is associated with the lifespan of led lights, which is estimated to hamper growth of the global aircraft cabin lighting market.
Additionally, backlog of aircraft deliveries and global economic uncertainty are anticipated to hinder growth of the global aircraft cabin lighting market.
Global Aircraft Cabin Lighting Market: Segmentation
The global aircraft cabin lighting market is segmented on the basis of light type as follows: floor path lighting strips, signage lights, reading lights, lavatory lights, and ceiling & wall lights. The global aircraft cabin lighting market is divided on the basis of fit as follows: line and retrofit.
The global aircraft cabin lighting market can be divided on the basis of type of aircraft as follows: regional transport aircraft, narrow body aircraft, wide body aircraft and very large aircraft. The regional transport aircraft (RTA) type is estimated to grow at a fast rate owing to its high demand from airline industries. RTA are known for their high safety equipment and small size. Owing to their small size, they require limited number of lights. The market for regional transport aircraft accounts for a high market share in North America and Europe, due to the cost effective carriers market and increase in domestic civil aviation.
Global Aircraft Cabin Lighting Market: Regional Outlook
On the basis of region, North America and Europe are estimated to remain dominant markets over the forecast period. Middle East & Africa, Japan, and Latin America are expected to be lucrative regions over the forecast period. The Asia Pacific aircraft cabin lighting market is anticipated to grow steadily over the forecast period, due to growth in the aircraft industry and airline travel in countries such as India, China, and ASEAN region.
Global Aircraft Cabin Lighting Market: Market Participants
Examples of some of the market participants in the global aircraft cabin lighting market identified across the value chain include:
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.