Aircraft Cabin Lighting Market Profit margin, sales, market size, key Venders and forecast period 2019-2026
According to a new report published by KD
Market Insights, titled, "Aircraft
Cabin Lighting Market by
Type, Fit, and Aircraft: Global Opportunity Analysis and Industry Forecast,
2019-2026," the market was valued at $1,167.50 million in 2018, and is
projected to reach $1,740.00 million by 2026, growing at a CAGR of 5.2% from
2019 to 2026.
Aircraft cabin refers to the part of the
aircraft in which passengers travel. In recent years, different technological
developments have been witnessed in the airlines industry. In addition,
advanced aircraft cabin lighting systems help in saving the fuel consumption of
the aircraft. In addition, these lights increase the attractiveness of the
aircraft.
The increase in number of passengers, high
demand for retro fit traditional light, and new aircraft demand are the factors
that drive the global market growth. Rising demand for repair and overhaul
services for aircraft lighting is positively affecting the aircraft cabin
lighting market. However, lack of profitable airlines in emerging economies is
estimated to restrain the market growth. In addition, alternative modes of
transport and airline order backlogs are hampering the aircraft cabin lighting
market growth.
Based on type, the aircraft cabin lighting
market is segmented into emergency lighting and ordinance signs, lavatory
lights, reading & dome lights, specialty lighting, and wash lighting.
Emergency lightings and ordinance signs are used to indicate the safety
procedures and protocols during critical situations. Lavatory lights are used
in commercial aircrafts to inform about the availability of lavatory. Reading
& dome lights provide optimal reading conditions in high-ceiling cabins.
Specialty lighting is used in aircraft cabin areas such as galley and lavatories.
Wash lighting makes it easier for travelers to sleep, give the airplane a
restaurant feel during meal time, and decreases jet lag.
Based on fit, the aircraft cabin lighting
market is bifurcated into line-fit and retro fit. The line-fit refers to the
items that are installed on the production line by the manufacturer. It means
airline operator gets the customized airplane with the installation of all the
systems in demand, without the need to perform any additional work after
delivery. The retro fit refers to the aftermarket demand for aircraft lighting
and maintenance, repair, and operations (MRO) services. In addition, it has
many advantages such as saving on capital expenditure while benefiting from new
technologies, optimization of existing aircraft components, adaptation of the
aircraft for new or changed components or technologies, increase in component
number and cycle time, guaranteed spare parts availability, and thus, reduces
maintenance costs & increases reliability.
Based on aircraft, the aircraft cabin lighting
market size is categorized into commercial, military, and other aircrafts. In
commercial aircrafts, civil airliners are used to transport passengers and air
cargo. Such aircrafts are most often operated by airlines. In addition,
military aircrafts include transport or cargo aircrafts used to airlift troops,
weapons, and other military equipment to support military operations. Transport
aircraft can be used for both strategic and tactical missions, and are often
diverted to civil emergency relief missions. Other aircrafts include chartered
aircrafts that are rented by an individual for his personal use instead of
purchasing a ticket through a traditional airline.
Based on region, the market is analyzed across
North America, Europe, Asia-Pacific, and LAMEA. North America has emerged as a
global leader in the aircraft cabin lighting market, owing to growth in demand
for new aircraft to cater to the increase in air passenger traffic and rise in
investment made by airline companies to enhance the experience of the passenger
and to reduce fuel consumption by implementing energy saving lightings in
aircraft cabin. These factors are anticipated to increase the demand for
aircraft cabin lighting market across the North America and is anticipated to
boost the growth of the global market from 2019 to 2026.
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/aircraft-cabin-lighting-market-amr
Key Findings of the Aircraft Cabin
Lighting Market:
- The Asia-Pacific aircraft cabin lighting
market is predicted to account for a share of over 25.95% by 2026.
- The wash lighting segment is expected to dominate the market, garnering a aircraft cabin lighting market share of 25.81% during the projected period.
- The retro fit segment is projected to hold a share of over 54.41% by 2026.
- The commercial aviation segment is estimated to account for 49.07% of the share by 2026.
- The Europe aircraft cabin lighting market is predicted to hold a share of over 32.16% by 2026.
- The wash lighting segment is expected to dominate the market, garnering a aircraft cabin lighting market share of 25.81% during the projected period.
- The retro fit segment is projected to hold a share of over 54.41% by 2026.
- The commercial aviation segment is estimated to account for 49.07% of the share by 2026.
- The Europe aircraft cabin lighting market is predicted to hold a share of over 32.16% by 2026.
The market players have adopted collaboration,
partnership, product launch, joint venture, agreement and acquisition as their
key strategies to gain competitive advantage in this market. The key players
operating in the aircraft cabin lighting industry include Astronics
Corporation, Cobham PLC., and Devore Aviation Corporation of America, Diehl
Stiftung & Co. KG., Geltronix Aviation Light, Luminator Technology Group,
Safran, STG Aerospace, Soderberg Manufacturing Company Inc., and United
Technologies Corporation.
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