Aircraft Cabin Lighting Market expected to reach $2.0 billion by 2022

1. The Global Aircraft Cabin Lighting Market is projected to grow from an estimated $1.46 billion in 2017 to $2.00 billion by 2022, at a CAGR of 6.48% during the forecast period. This growth can be attributed to factors, such as increased demand for interior light systems, as most of the airlines are upgrading their cabin interiors to increase efficiency and provide better service to passengers. However, the lack of profitable airlines in emerging economies is expected to restrain the growth of this market. The primary function of the aircraft cabin interior lighting is to ensure visibility to passengers and crew members inside aircraft cabins. It also provides visual guidance during emergency cabin evacuations. Aircraft cabin lighting not only enhances the comfort of passengers but also improves the aesthetics of aircraft cabin interiors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=953 Different types of lightweight, power-efficient, and reliable LED lights are being developed for use in aircraft cabin lighting. New aircraft cabin lighting systems are being developed based on new technologies such as the mood lighting system, which dims lights in aircraft cabins instead of completely switching them on or off. Additionally, the color and brightness of these lights can be adjusted according to the phases between two flights. These developments are anticipated to contribute to the growth of the aircraft cabin lighting market in the coming years. Based on end user, the aftermarket segment is projected to account for the larger share of the aircraft cabin lighting market during the forecast period. Based on end user, the aftermarket segment is estimated to account for the largest 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 major companies are focusing on aftermarket and Maintenance, Repair and Overhaul (MRO) services for cabin lighting. Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. The growth of this market can be attributed to the demand for enhancing passenger experience in commercial aircraft and due to increase in deliveries and order of wide body aircraft by major airlines across the world.

2. North America is estimated to account for the largest share in the aircraft cabin lighting market in 2017 and Asia Pacific is projected to grow at the highest CAGR during the forecast period. North America is estimated to account for the largest share in the aircraft cabin lighting market in 2017. Major aircraft manufacturers, such as Boeing (US), Lockheed Martin (US), Bombardier (Canada), Bell Helicopter (US), Sikorsky Aircraft (US), BAE Systems (UK), The Raytheon Company (US), and General Dynamics (US), among others, are based in this region, and thus generate high demand for aircraft cabin lights. North America is projected to lead the aircraft cabin lighting market during the forecast period, in terms of market share. The Asia Pacific aircraft cabin lighting market is projected to grow at the highest CAGR during the forecast period, owing to the presence of emerging aircraft manufacturers, such as COMAC (China) and Mitsubishi Aircraft (Japan), among others. The Asia Pacific market has witnessed strong growth in the past few years, mainly due to the rising air passenger traffic. The growth in air passenger traffic has resulted in the increased demand for aircraft cabin lights, and this trend is expected to continue over the next five years. Key Market Players Major players operating in the aircraft cabin lighting market include Zodiac Aerospace (France), United Technologies (US), Diehl Stiftung (Germany), Rockwell Collins (US), Astronics (US), STG Aerospace (UK), Luminator Technology (US), and Honeywell (US). These key players offer various aircraft cabin light types including reading lights, ceiling lights, lavatory lights, signage lights, and wall lights. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=953 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441