Global Aircraft Cabin Lighting Market is Estimated to Reach $2.3 Billion by 2025, Says Accurize Market Research
Global Aircraft Cabin Lighting Market report published by Accurize Market Research forecast that the global market is expected to reach $2.3 billion by 2025; growing at a CAGR of 7% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Expansion in the use of energy-efficient lighting systems and rise in demand for retrofit lighting systems to drive the growth of the market
Expansion in the use of energy-efficient lighting systems, increase in competition among existing aircraft operators and rise in demand for retrofit lighting systems fuels the demand for the global aircraft cabin lighting market. Furthermore, increase in focus of enhanced travel experience for passengers, and high demand for aftermarket and maintenance of aircraft also boost the growth of the market.
Market Segmentation
The global aircraft cabin lighting market has been bifurcated on the basis of light type, aircraft type, end-user, and geography.The light type segment is segmented into reading light, ceiling & wall lights, signage light, floor path strips, and lavatory lights. By aircraft type, the segmentation is assumed as narrow-body aircraft, wide-body aircraft, very large aircraft, regional transport aircraft, and business jets. Furthermore, OEM and aftermarket are involved into end-user segment.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated into U.S. and Canada whereas Europe segment consists of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, Australia, Russia and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
Top players in the market
The key market players include United Technologies, Luminator Technology, Rockwell Collins, STG Aerospace, Diehl Stiftung, Astronics, Zodiac Aerospace, PreciseFlight, Honeywell International, and Cobham, among others.
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