From $1.76 billion in 2020, the global Aircraft Cabin Lighting market is projected to reach $3.39 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 8.5% from 2020 - 2028 timeframe.
Some of the prominent trends that the market is witnessing include, rising adoption of new aircraft interior lighting system technology , increasing popularity of lightweight lights, and growing use of energy-efficient lights.
Global Aircraft Cabin Lighting Market: Market Dynamics
The conventional interior lights that were installed in aircraft have various drawbacks in terms of efficiency, reliability, durability, and weight. The introduction of advanced LED’s has helped to tackle with these drawbacks. The benefits of LED lights are making them more desirable in the retrofit market. The replacement of existing aircraft cabin lights with technologically advanced LED lights by airlines is being witnessed all over the globe. Hence, the use of efficient lighting alternatives and energy efficient aircraft lights is expected to fuel the global aircraft cabin lighting market.
On the other hand, the concerns regarding the lifespan of LED lights are likely to hamper the growth of the market. In addition, high demand for passenger aircrafts among developing economies such as India and China, coupled with the rising government investment to establish commercial aircraft manufacturing facilities will further boost for the aircraft cabin lighting market.
Impact of COVID-19 on Aircraft Cabin Lighting
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the aircraft cabin lighting market. The travel restrictions and social-distancing measures have resulted in a sharp drop in the number of air passengers. This decline in number of passengers has a negative impact on the market and is expected to continue for sometime.
By Light Type
Wash Lighting Segment Dominate the Market in 2020
Wash lighting creates an effect that makes sleeping comfortable for the travelers. It also gives the airplane a restaurant feel during meal time, and decrease jet lag by syncing the cabin lighting colors at the time of the landing place. Due to these benefits, the wash lighting segment is expected to grow at a significant rate during the forecast period.
North America Region is Leading in the Global Market Place
North America is expected to hold a major share in the aircraft cabin lighting market during the forecast period. A number of major players are based in the North America region. Therefore, there is an increased demand for aircraft cabin lights in the region. The region also has significant number air passengers which would further contribute to the growth of the market.
List of the Key Players Profiled in the Market Include:
• Honeywell International Inc • Rockwell Collins • Cobham plc • Zodiac Aerospace • Diehl Stiftung & Co. KG • Bruce Aerospace • UTC Aerospace Systems • B/E Aerospace, Inc. • Luminator Technology Group • STG Aerospace Limited • Aveo Engineering Group • Astronics Corporation • Precise Flight • Heads Up Technologies • Soderberg Manufacturing
List of the Regions/Countries Profiled in the Market Include:
North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
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