Commercial Aircraft Lighting Market is Expected to Grow at a CAGR of 7% from 2017 to 2023

Pune, India, January 18, 2019/MRFR Press Release/- Market Research Future published a Cooked Research Report on “Global Commercial Aircraft Lighting Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Astronics Corporation (US), Cobham plc (UK), Diehl Stiftung & Co. KG (Germany), Honeywell International Inc. (US), Luminator Technology Group (US), Oxley Holdings Ltd. (Singapore), Safran SA (France), STG Aerospace Limited (UK), Soderberg Manufacturing Co. Inc. (US), United Technologies Corporation (US) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global commercial aircraft lighting market.

Commercial aircraft lighting Market – Overview

According to a recent study report published by the Market Research Future, the global market of Commercial aircraft lighting will grow at a steady pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2018 -2023).

Based on type, the commercial aircraft lighting market is divided into interior lighting and exterior lighting. The interior segment is further divided as reading, ceiling & wall lights, signage & floor path strips, and lavatory & other lights, while the exterior segment is further divided as navigation lights, landing lights, taxi lights and others. The interior segment is estimated to witness the highest CAGR during the forecast period as airlines are focusing on procuring these systems to enhance passenger experience and to comply with the safety requirements.

Based on aircraft, the commercial aircraft lighting market is divided into narrow-body, wide-body, and others. Although the narrowbody aircraft has lesser capacity than the widebody aircraft, they are larger in number. Some major narrowbody aircrafts are the Airbus A318, A319, A320, and A321; the Boeing B727s, and B737s. These aircrafts fly over short routes and are thus suited to cater the budget travellers. As of 2016, there were over 15,000 narrowbody planes, across the globe, which would be replaced by approximately 12,000 such planes by 2035. Moreover, there has been a rise in the number of low-cost carriers in the recent years, globally. This would result in the demand for lighting systems in these types of aircraft.

Based on vendor, the commercial aircraft lighting market is divided into OEM and Aftermarket. The aftermarket segment is estimated to witness the highest CAGR during the forecast period as many airlines are keen on upgrading their airlines with cost-effective and power saving lighting systems. The market is also segmented in terms of technology as traditional, led and others.

Asia Pacific will be the fastest growing market for commercial aircraft lighting during the forecast period. Over the years, with increasing incomes, there has been a high demand for air travel in the region, which stimulated larger developments in planes. It is expected that by 2035, more than 16,000 aircrafts would be delivered in the region. Moreover, due to the low labour rates, North American airlines outsource 60% of their retrofitting activities, to Asia, where it is a major source of income. Furthermore, new airlines are sprouting every year in this region which will positively impact the commercial aircraft lighting market in this region.

Industry/ Innovation/ Related News:

September 2018: Panasonic Avionics Corporation announced the launch of Wellness, which includes Premium Seat Lighting, Active Noise Control, and Panasonic’s nanoe Technology.

February 2018: Zodiac Aerospace was acquired by the Safran Group, which can thereby offer its customers a broad range of products and services.

June 2017: Rockwell Collins signed a deal with Comlux, one of the leaders in services for VIP aircraft, for providing complete cabin solutions for numerous selected VIP aircraft under a global cooperation agreement. The deal includes Rockwell Collins Venue cabin management system, divans, VIP seating, Nano 3X interior lighting, and the option for Inmarsat Jet ConneX (JX) service for Wi-Fi connectivity.

Access Report Details @ https://www.marketresearchfuture.com/reports/commercial-aircraft-lighting-market-1426

Commercial Aircraft Lighting Market – Segmentation

The global commercial aircraft lighting market is segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type:                  Interior and Exterior

Segmentation by Aircraft:                             Wide-body, Narrow-body, and others

Segmentation by Vendor:                            OEM and Aftermarket

Segmentation by Technology:    Traditional, LED, and Others

Segmentation by Region:                              North America, Europe, Asia-Pacific and Rest of the World

Commercial aircraft lighting Market:

Regional Analysis

The commercial aircraft lighting market has been segmented into North America, Europe, Asia Pacific and Rest of the World. North America is expected to be the largest market for commercial aircraft lighting. The commercial aircraft lighting market across the globe is expected to rise at a considerable pace during the forecast period due to rise in demand for new aircraft and focus on aircraft modernization programs in all the above-mentioned regions.