04 September 2019
Visiongain has launched a new aerospace report Aircraft Cabin Lighting Market Report 2019-2029 : Forecasts by End User (OEM, Aftermarket), Light Type (Reading Lights, Ceiling & Wall Lights, Signage Lights, Floor Path Lighting Strips and Lavatory Lights) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
Enhanced cabin experience is one of the winning criteria for many airline companies and lighting forms a critical part of the aircraft. In recent years, cabin lighting technologies has developed significantly as a result of increasing investments in enhancing the passenger experience. Rising investments in passenger comfort are one of the major factors driving growth in the global aircraft cabin lighting market. However, the declining profits of many airline companies are expected to restrict the growth of the market shortly.
Use of lightweight energy-efficient lighting systems and development in mood lighting technology is identified are the trends identified in the market. For instance, STG Aerospace and Boeing announced strategic partnerships to develop LED mood lighting system, designed to retrofit commercial aircraft cabins for Boeing 737 NG fleet of aircraft. Development in LED lighting technologies resulting in reduced maintenance and operating costs throughout the line of aircraft fleet is also expected to drive the growth in the market.
Based on End-user Aftermarket sub-segment is projected to expand with the fastest CAGR over the forecast period due to increasing demand for retrofit lighting solutions. By Aircraft Type, Narrow Body, Wide Body and Very Large Aircraft together will contribute more than 50% share of the global Aircraft Cabin Lighting Market in 2019. By region, North America is expected to account for the largest market share followed by Europe in 2019 due to high volume aircraft production.
The key companies operating in the Aircraft Cabin Lighting market are Rockwell Collins, Zodiac Aerospace, Honeywell International, Diehl Stiftung, United Technologies, Cobham, Astronics, STG Aerospace, Luminator Technology, Precise Flight, Soderberg Manufacturing, Oxley, and Heads Up Technologies. These companies are taking various strategic initiatives such as mergers and acquisitions, new product development, expansions, agreements, and partnerships so as to gain a competitive advantage and increase their presence in the global market.
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With the growth of airline capability and rate of use closely linked to the development of the aftermarket sector, it seems that the aftermarket business will continue to grow in the long run.
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