The global aircraft cabin lighting market size is expected to gain momentum owing to the increasing number of aircraft deliveries during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Aircraft Cabin Lighting Market, 2022-2029.” The development of traditional lights will overcome the drawbacks like cost, durability, efficiency, and portability. The rising demand for advanced LED lighting is expected to drive market growth. Because of the focus on energy conservation, the adoption of LED lighting in aircraft interiors is likely to provide great potential for the market to develop.
Impact of Russia-Ukraine War Implication
The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement. There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.
Aircraft Cabin Lighting Market to Grow Progressively; Increasing Number of Aircraft Deliveries to Aid Expansion, says Fortune Business Insights
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By light type, the market for aircraft cabin lighting is segmented into reading lights, ceiling & wall, signage, floor path lighting, and lavatory lighting. On the basis of aircraft type, the market is segregated into narrow-body, wide-body, and very large aircraft. On the basis of end-user, the market is categorized into OEM and aftermath. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World.
List of Key Players Profiled in the Global Market for Aircraft Cabin Lighting:
- Astronics Corporations (The U.S.)
- Cobham Limited (The U.K.)
- Diehl Stiftung & Co. KG (Germany)
- Heads Up Technologies (The U.S.)
- Honeywell International (The U.S.)
- Luminator technology (The U.S.)
- United Technologies (The U.S.)
What does the Report Offer?
The region’s major countries have been plotted based on their individual revenue contributions to the regional market. The Aircraft Cabin Lighting report explains the major drivers, constraints, and market opportunities and their comprehensive impact analysis for aircraft cabin lighting.
Drivers & Restraints-
Increasing Technological Advancement to Stimulate Growth
The global aircraft cabin lighting market is expected to grow due to growing technology during the projected period. The rising development in AI-based technology systems and low-cost lighting solutions in the aviation industry is the major contributing factor. The growing adoption of LED ambient lighting systems on newer aircraft has prompted cabin remodeling work on older aircraft to ensure uniform service quality. Major developments such as ambiance lighting systems, incorporating digital experiences in aircraft cabins, and introducing luminescent emergency cabin lighting are expected to provide growth possibilities for market participants.
Aircraft Cabin Lighting Industry to Gain Stride; Astronics Corporation Launches Energy Efficient Illumination Options for Commercial Aircraft
Presence of prominent Players to Promote Growth in North America
North America is expected to hold the largest global aircraft cabin lighting market share during the forecast period. This is due to the presence of key players and is expected to drive the market forward in the region.
The Asia Pacific is expected to have a sizable share of the market. This is due to the increasing demand for commercial aircraft from countries such as India and China. For instance, in 2019, according to the Boeing forecast, Indian airlines will order up to 2,380 commercial aircraft during the period of 2019-2039.
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Increasing Number of Mergers to Create Lucrative Opportunities
The study provides a thorough analysis of the following main companies in the market, including their competitive landscape, capacity, mergers, and acquisitions. Due to a surge in product and service extensions and technological advances, the market’s competitive environment is expected to intensify throughout the projected period.
Aircraft Cabin Lighting Industry Development-
- March 2019: Astronics Corporation launched Nuancia RGBW Strip lights for energy-efficient illumination options for commercial cabins in aircraft. It provides 16 million colors to aircraft manufacturers and airline operators.
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