Aircraft cabin lighting deals with the lighting that is provided in the section where the passengers travel. The aerospace industry is growing considerably, with high volume of aircraft manufacturing all over the world. Aircraft cabin lighting broadly includes reading lights, signage lights, ceiling lights, floor path lights and lavatory lights. High quality lighting enhances the travel experience and helps in customer retention. Aircraft cabin lighting market is expected to boost rapidly in coming years.
MARKET SCOPE
The "Global Aircraft Cabin Lighting Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aircraft cabin lighting market with detailed market segmentation by light type, aircraft type, fit type, and geography. The report provides key statistics on the market status of the leading aircraft cabin lighting market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on light type, the global aircraft cabin lighting market is segmented into reading lights, ceiling lights, signage lights, floor path lights and lavatory lights.
- On the basis of aircraft type, the market is segmented into narrow body aircraft, wide body aircraft and business jet.
- Based on fit type, the market is bifurcated into line fit and retrofit.
MARKET DYNAMICS
Drivers:
- Growing number of domestic flights in many developing countries of Asia.
- Rising urbanization and increasing per capita disposable income to boost market growth of aircraft cabin lighting.
- Rapidly advancing technology and new modifications drive the demand for high end aircraft cabin lighting
Restraints:
- High costs involved can prove to be a restraining factor, as some emerging airlines may not afford costly cabin lighting.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft cabin lighting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters five force analysis highlighting factors effecting the Aircraft Cabin Lighting Market worldwide.
IMPACT OF COVID-19 ON AIRCRAFT CABIN LIGHTING MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic restricted the travel of passengers to different regions of the world. This has impacted the aircraft cabin lighting market negatively. However, after the situation returns to normalcy, this market is anticipated to witness promising growth in near future.
MARKET PLAYERS
The report covers key developments in the aircraft cabin lighting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aircraft cabin lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft cabin lighting in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aircraft cabin lighting market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Astronics Corporation
- Cobham Aerospace Communication
- Diehl Stiftung & Co. KG
- Heads Up Technologies
- Honeywell International Inc.
- Luminator Aerospace
- Oxley Group
- Raytheon Technologies
- Safran
- STG Aerospace Limited