The report presents an in-depth assessment of the Global Commercial Aircraft Interior Lighting including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Commercial Aircraft Interior Lighting investments from 2020 till 2024.
Cabin lighting systems create an atmosphere of comfortable illumination for passengers and crew members. The study includes lighting solutions only for the aircraft cabin. Premium economy class lighting is included within the economy class segment.
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Top Leading Manufactures-
Collins Aerospace, STG Aerospace, Cobalt Aerospace, Safran, Diehl Stiftung & Co. KG, SELA, Astronics, Luminator Technology Group, SCHOTT AG, Cobham PLC, SODERBERG MANUFACTURING COMPANY INC., Bruce Aerospace
Scope Of The Report
The commercial aircraft interior lighting market is anticipated to register a CAGR of over 5.5% during the forecast period.
Increasing order for new aircraft will simultaneously generate the demand for advanced cabin lighting systems.
Preference for new LED and OLED lights to enhance customer experience during the flight will support the growth of the lighting market. The aging aircraft are undergoing refurbishment to extend their service life, which will further generate a demand for cabin interior products like lighting. Traditional lights are being replaced by advanced LEDs that have a long life, easy installation, low power consumption, and robust design.
Narrow-body Aircraft segment will experience the highest growth
Airlines are adopting new technologies to enhance passenger experience during flights. Of the total orders received by Boeing and Airbus in the past three years, almost 65-70% of the orders were for narrow-body aircraft. In terms of deliveries in 2018, narrow-body aircraft dominated the market. Wide-body aircraft segment is losing its share because of lesser orders. However, the interior lighting market for wide-body aircraft segment is expected to improve due to the increasing cabin refurbishment programs for the aging wide-body aircraft. Airlines like Emirates, British Airways, and Etihad, serving luxury and premium passengers, will be the highest spenders in cabin lighting in the coming years. In 2018, Spanish low-cost operator, Volotea, selected STG Aerospaces full-color Airbus liTeMood LED cabin lighting system for its A319 aircraft. In total, 45 full-color liTeMood systems were planned to be installed on the first batch. Also, as LCC operators continue to prefer single aisle aircraft, the narrow-body aircraft segment will experience the highest growth during the forecast period..
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Commercial Aircraft Interior Lighting Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2020 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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