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Oct 10, 2023Enhanced Passenger Experience Drives Growth in the Global Aircraft Cabin Lighting Market
Global Aircraft Cabin Lighting Market
Dublin, Oct. 16, 2023 (GLOBE NEWSWIRE) -- The "Aircraft Cabin Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global aircraft cabin lighting market has demonstrated robust growth, achieving a size of US$ 1.1 billion in 2022. The market is poised for further expansion, with an expected reach of US$ 1.5 billion by 2028, reflecting a steady compound annual growth rate (CAGR) of 4.9% during the period 2023-2028.
Aircraft cabin lighting systems play a pivotal role in providing passengers with an optimal in-flight experience. These systems encompass various lighting components, including emergency lighting, ordinance signs, lavatory lights, specialty lighting, reading lights, signage lights, ceiling lights, floor path lights, and lavatory lights. High-quality cabin lighting enhances the overall travel experience, leading to increased customer satisfaction and customer retention. Airline operators are increasingly adopting advanced cabin lighting systems to offer innovative value-added services.
Market Trends:
The market is primarily driven by the escalating demand for enhanced passenger experiences in commercial airlines. This demand is fueled by the increasing number of passengers opting for air travel, particularly on domestic routes. The adoption of low-cost, AI-based interior lighting system technology is a key trend in the aviation industry, driving market growth. The shift from conventional cabin lights to advanced LED lighting is driving demand for retrofit solutions.
Other factors contributing to market growth include rapid urbanization, rising per capita disposable income, government investments in commercial aircraft manufacturing facilities, growth in domestic flights, expansion of the aviation industry, low production costs of LED bulbs, and significant research and development (R&D) and merger and acquisition (M&A) activities by key players.
Key Market Segmentation:
The report provides an analysis of key trends in each sub-segment of the global aircraft cabin lighting market, along with forecasts at the global, regional, and country levels from 2023-2028. The market is categorized based on type, fit, aircraft type, and end-user.
Types of Cabin Lighting:
Wash Lighting
Emergency Lighting and Ordinance Signs
Lavatory Lights
Reading and Dome Lights
Specialty Lighting
Fit:
Retro Fit
Line-Fit
Aircraft Type:
Commercial
Wide Body Aircraft
Narrow Body Aircraft
Very Large Aircraft
Military
Others
End Users:
Original Equipment Manufacturer (OEM)
Aftermarket
Regions:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has been analyzed, featuring key players such as Astronics Corporation, Aveo Engineering Group s.r.o., Bruce Aerospace Inc (TransDigm Group Inc.), Cobham Limited, Collins Aerospace (Raytheon Technologies Corporation), Diehl Stiftung & Co. KG, Heads Up Technologies Inc, Luminator Technology Group, Oxley Group, Safran S.A., and Soderberg Manufacturing Company Inc.
Key Questions Answered:
How has the global aircraft cabin lighting market performed, and what is its outlook for the coming years?
What has been the impact of COVID-19 on the global aircraft cabin lighting market?
Which regions are key markets for the industry?
What are the key segments based on type, fit, aircraft type, and end-user?
What are the driving factors and challenges in the industry?
What is the competitive structure of the global aircraft cabin lighting market, and who are the key players?
What is the degree of competition in the industry?
Key Attributes:
Report Attribute
Details
No. of Pages
150
Forecast Period
2022 - 2028
Estimated Market Value (USD) in 2022
$1.1 Billion
Forecasted Market Value (USD) by 2028
$1.5 Billion
Compound Annual Growth Rate
5.3%
Regions Covered
Global
For more information about this report visit https://www.researchandmarkets.com/r/b9g5y5
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Global Aircraft Cabin Lighting Market
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