Aircraft Cabin Lighting Market Research Report - Forecast till 2030

Aircraft Cabin Lighting Market Research Report: Information by Light Type (Reading Lights, Ceiling & Wall, Signage, Floor Path Lighting, and Lavatory Lights), Elements (Light Source, Electronics, Software Systems, Assembly, and Others), Aircraft Type (Narrow Body, Wide Body, and Very Large Aircraft), End User (OEM and Aftermarket) and Region (North America, Europe, Asia-Pacific, Middle East Africa, and Latin America) Forecast till 2030

ID: MRFR/A&D/4578-HCR | February 2023 | Region: Global | 100 Pages         

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Aircraft Cabin Lighting Market

Aircraft Cabin Lighting Market Size is estimated to reach USD 2.01 Billion by 2030, registering a CAGR of 8% during 2020-2030

Segmentation
By Light Type Reading Lights Ceiling & Wall Lights Signage Lights others like Floor Path Strips Lavatory Lights.
By End-User Industry End-user industry Includes OEM Aftermarket.
By Aircraft Type Narrow Body Aircraft Wide-Body Aircraft Very Large Aircraft Regional Transport Aircraft and others like Business Jets
Key Players
Companies Profiled   Zodiac Aerospace (France)   Honeywell (US)   United Technologies (US)   Luminator Technology (US)   Diehl Stiftung (Germany)   STG Aerospace (UK)   Rockwell Collins (US)   Astronics (US)
Drivers
Market Driving Forces   Passenger Experience   Rising Focuse on Passenger Experience    Increasing Focuse safety Compliance
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Aircraft Cabin Lighting Market Overview


Aircraft Cabin Lighting Market Size is Anticipated to reach USD 2.01 Billion by 2030, registering a CAGR of 8 % By 2020-2030


This growth can be attributed to propelling market factors, like an increased degree of demand for interior light systems, as most of the airlines are known to be upgrading their cabin interiors for increased efficiency and also, providing better service to passengers. However, there is a considerable lack of profitable airlines in emerging economies is expected to restrain the growth of this market.COVID AnalysisThe emergence followed by the outbreak of COVID-19 as a pandemic and international spread has impacted the aviation industry negatively. The market is facing issues and losses owing to the air travel restrictions that have been imposed by the global governments on both domestic as well as international flights across locations and countries. This is resulting in the permanent grounding of aircraft fleets and further, giving rise to a sudden dip followed by major losses in aircraft orders and deliveries since the beginning of the pandemic year in 2020. This is likely to negatively impact the global aircraft cabin lighting market in both the long and short term of the ongoing forecast period that will be ending in 2028. The global market operations are expecting a slow yet steady recovery for the ongoing forecast period that will be ending in 2028. The aviation and aircraft industry is likely to witness similar trends for a minimum of 2-3 years to recover from the financial losses and effects of the pandemic. This is further, leading to lower air travel and passenger demand, and traffic compared to previous global market projections for the CAGR and global market rate.


The temporary halts and lockdown have been imposed by the global governments in the production sector and manufacturing units that have impacted the OEM market for aircraft cabin lighting adversely. Further, there has been a delay in the aircraft deliveries in the first and second quarters of 2020. The permanent and temporary lockdowns in various markets and countries have further resulted in the declined quantum of the revenue that is likely to be earned by the producers and manufacturers.


After the lockdown was removed along with other functional restrictions, the market groups including businessmen, politicians, and high net-worth individuals are likely to prefer air as their mode of travel which will help the market undergo excellent growth and chances to cover the losses that have been incurred during the spread of the pandemic before the beginning of the forecast period of 2021-2028.


Market Dynamics


Drivers


The aircraft cabin lighting market research shows that there are existing interior lights that have been installed in aircraft that have various drawbacks in terms of efficiency, reliability, durability, and weight, as well. There has been an advent of advanced LED lighting that has helped to eliminate these drawbacks, and further, promise the advantages of LED lights over conventional aircraft cabin lights. This is driving the demand for the retrofit market. The replacement of existing aircraft cabin lights with technological advancements like LED lights by airlines is resulting in the growth of the aircraft cabin lighting system


Restraints


The aircraft cabin lighting manufacturers are understanding the birth and development of various market challenges that will restrain the market from growing during the forecast period that will be ending in 2028. The lack of investment and the trends that have changed and hence, the market needs to focus on what’s the need of the hour.


Technology Analysis


Aircraft and component manufacturers are on their way to undertaking efforts for the development of new technologies that benefit both, the airlines and passengers and hence, make air travel more comfortable. For example, in February 2017, one of the prominent market players - Lufthansa had introduced a new aircraft interior lighting technology that had developed for the Airbus 350-900. The emergence of this new technology helps in providing the global capability of 24 lighting variants for the convenience of the global passengers, and further, their functions are based on the biorhythms of passengers that are on board.


Segment Overview


The aircraft cabin lighting market analysis shows that there has been a growing trend and size of the market that can be attributed to the splendid performance that has been recorded by the global market segments. These market segments are functional in an array of locations in the global market premises. The market segmentation is mentioned as follows:


By End-User Industry


The aircraft cabin lighting market has been segmented based on the end-user industry and includes OEM and aftermarket.


By Light Type


The Aircraft Cabin Lighting Market has the light type segment and includes Reading Lights, Ceiling and Wall Lights, Signage Lights, and others like Floor Path Strips, and Lavatory Lights.


By Aircraft Type


The aircraft cabin lighting market has been segmented based on the aircraft type and includes Narrow Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, and others like Business Jets.


Regional Analysis


The aircraft cabin interiors market has been segmented based on the regions as well. The regional segmentation of the global market includes countries like the North American region, the European countries, the Asia Pacific region, Latin America, the Middle East, and Africa. The North American market is projected to lead the aircraft cabin lighting market during the forecast period that will be ending in 2028. The Asian Pacific region, as a part of the aircraft cabin lighting market, is expected to grow at the highest market CAGR during the forecast period that had begun in 2021. The global market will grow owing to the emergence of emerging aircraft manufacturers, which are inclusive of COMAC (China) and Mitsubishi Aircraft (Japan), among many others. The Asian Pacific region and the market have witnessed a strong degree of growth in the past few years, mainly due to the rising air passenger traffic and hence, will help the market grow.


Competitive Landscape


The cabin interior market revenue is projected to undergo a reliable market increase in the global market premises especially during the ongoing forecast period that has already begun in 2019 owing to the splendid recent developments that the global prominent companies and players have opted for in the form of mergers and acquisitions amongst others. The commercial cabin interior market size is rising because of the following market players:



  • Zodiac Aerospace (France)

  • Honeywell (US)

  • United Technologies (US)

  • Luminator Technology (US)

  • Diehl Stiftung (Germany)

  • STG Aerospace (UK)

  • Rockwell Collins (US)

  • Astronics (US)


Recent Developments



  • In April 2017, one of the most prominent players of the global market -Rockwell Collins acquired B/E Aerospace for a market amount of USD 8.6 billion. This acquisition strategy has enabled Rockwell Collins the enhancement of its portfolio of cabin interior products, that are inclusive of seating units, and others like food and beverage preparation units, followed by storage equipment, lighting systems, and modular galley and lavatory systems.

  • STG Aerospace which is another market player received a contract from China Eastern Airlines in April 2017. The aim behind this is to retrofit 125 Boeing 737NG with saf-Tglo photoluminescent emergency floor path marking systems. This market development strategy has enabled the company to strengthen and expand its foothold in the aircraft cabin lighting market

  • In July 2017, another prominent company with the name of Diehl Aerosystems, and as a business segment of Diehl Stiftung & Co., has invested approximately USD 11.98 million (10 million Euro) for the establishment of a new logistics center at Laupheim, Germany. This development strategy has enabled the company to widen its scope and distribution network and further, enhance its customer base in the aircraft cabin lighting market during the period that will be ending in 2028.


Intended Audience



  • Aircraft dealers and manufacturers

  • Airline firms and companies

  • Lighting component service providers

  • Technology firms, companies

  • Government and public sector bodies and authorities

  • Research firms and development institutes

  • Regulatory government bodies


Report Overview


The aircraft cabin lighting market share has been discussed by the market dealers and experts based on the propelling trends for the forecast period of 2021-2028. The market report discusses the factors that will help the market cover the losses of the pandemic followed by the drivers and challenges that might restrain the market from growing and witnessing trends that will lead the market towards growth and mass competition. The report discusses the factors that give rise to the competition amongst prominent market players followed by the basis on which the global market has been segmented to meet the rising needs of the global target audience that is spread in an array of global locations.



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Frequently Asked Questions (FAQ) :

Aircraft Cabin Lighting Market Registering a CAGR of 8 % By 2020-2030

Precise Flight Inc. (U.S.), Luminator Technology Group (U.S.), Oxley Group (U.K.) are the predominant contenders in the market.

The improvement in the aircraft type segment is estimated to spur the market.