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Aircraft Cabin Lighting Market by Light Type, Aircraft Type, End-User, & Region - Global Forecast to 2022

Aircraft Cabin Lighting Market: Global Forecast until 2022

  • February 2018
  • 147 pages
  • ID: 4880616
In this report:
The aircraft cabin lighting market in South Africa is estimated at USD ##.## million in 2017 and is expected to reach USD ##.## million by 2022, at a CAGR of ##.##% from 2017 to 2022.
According to Boeing, airline passenger traffic in terms of Revenue Passenger Kilometers (RPK) is expected to grow at a CAGR of more than ##% in this region, and the fleet size is estimated to grow at a CAGR of more than ##% between 2016 and 2034.

Summary

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Increase in demand for interior lights is one of the significant factors driving the aircraft cabin lighting market.

The aircraft cabin lighting market is forecasted to grow from an estimated ~$1.5B in 2017 to ~$2.0B by 2022, at a compound annual growth rate of ~6.5 percent during the forecast period. This increase can be accredited to factors, including increased demand for interior light systems, as most of the airlines are upgrading their cabin interiors to rise efficiency and offer better service to passengers. Nevertheless, the lack of profitable airlines in emerging economies is anticipated to restrain the increase of this market

Established on final user, the aftermarket segment is forecasted to account for the larger share of the aircraft cabin lighting market during the estimate period.

Established on end-user, the aftermarket segment is intended to account for the biggest 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 main firms are focusing on aftermarket and Maintenance, Repair and Overhaul services for cabin lighting

North America continent is forecasted to account for the biggest market share in the aircraft cabin lighting market in 2017 and APAC is expected to rise at the highest CAGR (Compound annual growth rate) during the outlook period.

North America (NA) is expected to account for the biggest share in the aircraft cabin lighting market in 2017. Main aircraft manufacturers, including Boeing, Lockheed Martin, Bombardier, Bell Helicopter, Sikorsky Aircraft, BAE Systems, The Raytheon Company, and General Dynamics, among others, are based in this area, and thus generate strong demand for aircraft cabin lights.

North America continent is forecasted to dominate the aircraft cabin lighting market during the estimate period, in terms of market share. The Asia Pacific aircraft cabin lighting market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period, due to the presence of emerging aircraft manufacturers, including COMAC and Mitsubishi Aircraft, among others.

The Asia Pacific market has witnessed solid growth in the past few years, primarily due to the growing air passenger traffic. The rise in air passenger traffic has resulted in the raised demand for aircraft cabin lights, and this forecast is anticipated to continue over the upcoming five years.

Distribution of profile of primary members taking part in the aircraft cabin lighting market:

• By Company category: Tier 1 - 30.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite - 32.0 percent, D-level - 38.0 percent, and Others - 30.0 percent

• By Area: Asia-Pac - 27.0 percent, EU - 18.0 percent, North America (NA) - 46.0 percent, and rest of the world - 9.0 percent

Main firms decribed in the study contain Zodiac Aerospace, Cobham, Diehl Stiftung, and Honeywell, among others.

Segment Research

This market report classifies the aircraft cabin lighting market based on light type (reading light, ceiling & wall lights, signage light, floor path strips, lavatory lights), aircraft type (narrow body aircraft, wide body aircraft, very big aircraft, business jets, regional transport aircraft), and end user. These segments and sub-segments have been mapped across main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), Middle East (ME), Latin America area, and African continent.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized different levels of analyses -industry study, market share research of top players, competitive leadership mapping matrix, and company descriptions, which together comprise and examine basic views on the competitive landscape, coming out and the high-development segments in the aircraft cabin lighting market, high-growth areas, and sector drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on aircraft cabin lighting provided by the top actors in the sector

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the aircraft cabin lighting market

• Market Development: Highlighted information about lucrative sectors - the market research examines the aircraft cabin lighting market across different regions

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the aircraft cabin lighting market

• opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the aircraft cabin lighting market

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