Global Aircraft Cabin Lighting Market 2018-2022
About this market
Emergence of mood-lighting system to drive growth in the market. Mood lighting has become a standard feature on new aircraft deliveries, while several airlines have started retrofitting LED lighting in older cabins. This lighting system helps address the physical and emotional well-being of passengers while simultaneously enhancing airline metrics. Technavio’s analysts have predicted that the aircraft cabin lighting market will register a CAGR of over 4% by 2022.
Increased demand for innovative cabin lighting
Lighting in aircraft cabin is essential to augment passengers’ travel experience as well as for the individual branding of airlines.
Price fluctuation of LED components
The higher cost of LED can be attributed not just to the equipment and labor but to the fundamental differences between older lighting systems and LED.
For the detailed list of factors that will drive and challenge the growth of the aircraft cabin lighting market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Cobham and Rockwell Collins the competitive environment is quite intense. Factors such as the rising demand for innovative cabin lighting and the emergence of mood-lighting system, will provide considerable growth opportunities to aircraft cabin lighting manufactures. Cobham, Rockwell Collins, STG Aerospace, UTC Aerospace Systems, and ZODIAC AEROSPACE are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Aircraft Cabin Lighting Market 2018-2022
Technavio recognizes the following companies as the key players in the global aircraft cabin lighting market: Cobham, Rockwell Collins, STG Aerospace, UTC Aerospace Systems, and ZODIAC AEROSPACE.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the emergence of mood-lighting system.”
According to the report, one of the major drivers for this market is the rising demand for innovative cabin lighting.
Further, the report states that one of the major factors hindering the growth of this market is the price fluctuation of LED components.
UTC Aerospace Systems
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