May 12, 2020
As per the report titled ‘Global Aircraft Cabin Lighting Market Size study, by Fiber Type (Emergency Lighting and Ordinance Signs, Lavatory Lights, Reading & Dome Lights, Specialty Lighting, Wash Lighting), by Fit (Retro-Fit, Line-Fit), by Aircraft (Commercial Aviation, Military Aviation, Other Aircrafts) and Regional Forecasts 2019-2026’, available with Market Study Report, global aircraft cabin lighting market share was worth USD 1.48 billion in 2018 and is projected to expand at 6.8% CAGR during 2019-2026.
Surging demand for lightweight and energy efficient lights in the aviation sector, along with increasing aircraft deliveries across the globe and growing availability of advanced alternatives to existing interior lights are driving the growth of global aircraft cabin lighting market.
Upsurge in number of domestic and international passengers is bolstering the demand for new aircrafts. According to International Civil Aviation Organization, number of air passengers is projected to grow from 3.79 billion in 2017 to 8.2 billion in 2037. This factor coupled with growing focus among airline operators towards improving aircraft efficiency, comfort and luxury for air travelers is enhancing the business outlook. On the contrary, existing backlog of aircraft deliveries will hinder the market growth during the forecast period.
Based on type, the market is categorized into emergency lighting & ordinance signs, reading & dome lights, lavatory lights, specialty lighting, and wash lighting. Elaborating on the fit, aircraft cabin lighting market is bifurcated into retro-fit and line-fit. While speaking of the aircraft scope, the industry is segmented into commercial aviation, military aviation, and others.
Considering the geographical landscape, aircraft cabin lighting market in North America is expected to display strong growth trends over the forecast timeline. The growth is attributable to the presence of several airline operators in the region coupled with escalating number of aircraft deliveries in United states and Canada.
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Meanwhile, Asia Pacific aircraft cabin lighting market is anticipated to grow rapidly over 2019-2026, due to escalating number of air passengers and willing incorporation of energy efficient lights in aircrafts.
Prominent players operating in global aircraft cabin lighting market are Zodiac Aerospace, Rockwell Collins, Honeywell International, United Technologies, Diehl Stiftung, Astronics, Cobham, Luminator Technology, STG Aerospace, and Precise Flight.