NEW YORK, Nov. 2, 2016 /PRNewswire/ --
"Increase in aircraft deliveries is the key factor driving the aircraft cabin lighting market"
The aircraft cabin lighting market is estimated to be USD 1.89 billion in 2016, and is projected to reach USD 2.43 billion by 2021, at a CAGR of 5.08% from 2016 to 2021. The advancement in lighting technologies has also impacted the market by providing cabin lights which are more lightweight and efficient as compared to earlier cabin lighting systems. Increasing aircraft deliveries, increase in domestic civil aviation, and technological advancements are some of the factors driving the aircraft cabin lighting market. However, factors, such as longer span of new LED lights and global economic uncertainty are expected to restrain the growth of this market.
"The retrofit segment is projected to grow at a higher CAGR in the aircraft cabin lighting market"
The retrofit segment of the aircraft cabin lighting market, by fit type, is anticipated to grow at a higher CAGR during the forecast period. Increase in aircraft orders as well as deliveries, economic growth across regions, increase in low cost carriers and domestic civil aviation, efficient alternatives to existing installed lights, and increase in passenger traffic are the factors driving the growth of this segment. The need for advanced technologies, such as light emitting diode as well as organic light emitting diode by the airliners worldwide is fueling the growth of aircraft cabin lights.
"The wide body aircraft segment is projected to grow at a significant pace during the forecast period"
The wide body aircraft segment is projected to grow at a significant pace in the aircraft cabin lighting market during the forecast period. This growth is attributed to its twin-aisle design allowing manufactures to install seven or more seats in a row which in turn requires installation of more LED lights. The wide body aircraft considered under this report study includes A300, A340, and A350 family aircraft, and Boeing 757, 767, 777, and 787.
"North America is the largest market, whereas Asia-Pacific the fastest-growing regional market for aircraft cabin lighting"
North America dominates the aircraft cabin lighting market. Major factors expected to drive the growth of the aircraft cabin lighting market in North America include increasing passenger traffic, demand for new aircraft, and retrofit of traditional lights among others. Moreover, the demand of highly efficient LED lights to reduce carbon emissions is also a major factor which is fueling the growth of this market. However, the Asia-Pacific is the fastest-growing market in terms of aircraft deliveries and fleet-size, due to increase in passenger traffic in this region. The need for low cost carriers, GDP growth, and rise in the air travel are the key factors that are fueling the growth of aircraft cabin lighting market in this region.
Break-up of profile of primary participants in this report:
- By Company Type: Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%
- By Designation: C level – 35%, Director level – 25%, Others – 40%
- By Region: North America - 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%
Key players profiled in the aircraft cabin lighting market report include B/E Aerospace, Inc. (U.S.), Zodiac Aerospace (France), Honeywell International Inc. (U.S.), Diehl Stiftung & Co. Kg (Germany), United Technologies Corporation (U.S.), Cobham Plc (U.K.), Astronics Corporation (U.S.), Stg Aerospace Limited (U.K.), Luminator Aerospace (U.S.), Precise Flight, Inc. (U.S.), among others.
This research report categorizes the aircraft cabin lighting market into the following segments and subsegments. On the basis of fit (line-fit, retrofit), aircraft type (narrow body aircraft, wide body aircraft, very large aircraft, and regional transport aircraft), light type (signage lights, ceiling & wall lights, floor path lighting strips, reading lights, lavatory lights) and maps these segments and subsegments across major regions worldwide, namely, North America, Europe, Asia-Pacific, and Rest of the World.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analyses —industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the aircraft cabin lighting market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on aircraft cabin lighting offered by top players in the market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the aircraft cabin lighting market
- Market Development: Comprehensive information about lucrative markets – the report analyzes the markets for aircraft cabin lighting across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aircraft cabin lighting market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the aircraft cabin lighting market
Read the full report: http://www.reportlinker.com/p04268639-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aircraft-cabin-lighting-market-by-fit-line-fit--retrofit-aircraft-type-nba-wba-vla--rta-light-type-signage-lights-lavatory-lights-reading-lights-ceiling--wall-lights--floor-path-lighting-strips-and-region---glob-300356332.html