Commercial Aircraft Interior Lighting Market: Analysis By Industry Growth, Size, Share, Demand, Trends and Research Report and Forecast: 2022-2031

Japan, Japan, Fri, 08 Apr 2022 05:46:07 / Comserve Inc. / -- The commercial aircraft interior lighting market is anticipated to register a CAGR of over 5.5% during the forecast period.

The commercial aircraft interior lighting market is anticipated to register a CAGR of over 5.5% during the forecast period.

- Increasing order for new aircraft will simultaneously generate the demand for advanced cabin lighting systems.
- Preference for new LED and OLED lights to enhance customer experience during the flight will support the growth of the lighting market.
- The aging aircraft are undergoing refurbishment to extend their service life, which will further generate a demand for cabin interior products like lighting. Traditional lights are being replaced by advanced LEDs that have a long life, easy installation, low power consumption, and robust design.

Request To Download Sample of This Strategic Report: https://www.sdki.jp/sample-request-78976

Key Market Trends

Narrow-body Aircraft segment will experience the highest growth

Airlines are adopting new technologies to enhance passenger experience during flights. Of the total orders received by Boeing and Airbus in the past three years, almost 65-70% of the orders were for narrow-body aircraft. In terms of deliveries in 2019, narrow-body aircraft dominated the market. Wide-body aircraft segment is losing its share because of lesser orders. However, the interior lighting market for wide-body aircraft segment is expected to improve due to the increasing cabin refurbishment programs for the aging wide-body aircraft. Airlines like Emirates, British Airways, and Etihad, serving luxury and premium passengers, will be the highest spenders in cabin lighting in the coming years. In 2018, Spanish low-cost operator, Volotea, selected STG Aerospace's full-color Airbus liTeMood LED cabin lighting system for its A319 aircraft. In total, 45 full-color liTeMood systems were planned to be installed on the first batch. Also, as LCC operators continue to prefer single aisle aircraft, the narrow-body aircraft segment will experience the highest growth during the forecast period.

North America currently dominates the commercial aircraft interior lighting market

Bombardier and Boeing are two major OEMs based in North America that manufacture commercial aircraft. However, the demand for cabin lighting is not only generated by aircraft OEMs but also from airlines as part of retrofit programs. For instance, in 2018, Alaska Airlines selected STG Aerospace for its next-generation saf-Tglo SSUL photoluminescent emergency escape path marking system (EEPMS) on 116 aircraft across its retrofitted and new Boeing 737-700, MAX9 and Airbus A320 family fleets. Delta Airlines and American Airlines also plan to replace the lighting system on some of their aging aircraft fleet. However, the demand for commercial aircraft interior lighting will be highest from the Asia-Pacific region, wherein, several airlines plan to retrofit their new aircraft with an advanced lighting system to enhance their passenger experience during flight.

Click Here to Download Sample Report: https://www.sdki.jp/sample-request-78976

Competitive Landscape

The market for commercial aircraft interior lighting is fragmented with several global and local players. Some of the prominent players are Collins Aerospace, STG Aerospace, Cobalt Aerospace, Safran SA, SELA, and Diehl Stiftung & Co. KG. The commercial aircraft interior lighting market is a highly competitive market. Product innovation plays a critical role for the existing players to enhance their market presence. Moreover, long-term contracts from OEMs help the companies to maintain a stable growth with the growing aircraft orders. For instance, Cobalt Aerospace was selected by Airbus to offer lighting solutions for retrofit to A320, A330, and A340 family aircraft. It is also available as part of the Airbus Airspace cabin experience.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The post Commercial Aircraft Interior Lighting Market: Analysis By Industry Growth, Size, Share, Demand, Trends and Research Report and Forecast: 2022-2031 appeared first on Comserveonline.