Global Commercial Aircraft Lighting Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 14:35:01
The Global Commercial Aircraft Lighting market is to grow at a CAGR of 5.36 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing demand for aircraft in the APAC region. The Global Commercial Aircraft Lighting market has also been witnessing the rise in demand for low-cost carriers. However, the increase in raw material prices could pose a challenge to the growth of this market.
In recent years, the demand for no-frills airlines has increased, especially in the APAC region. The cost-effective business model of no-frills airlines has increased the demand for new aircraft in the global market. Generally, the no-frills airlines fly only on short-haul routes and provide only seats to passengers. The remaining services are either paid for or are not provided on board. These airlines generally cater to passengers who either use road or rail as their main mode of transportation. The travel cost of no-frills airlines is almost the same as that in these other modes of transportation and at the same time these airlines save travelers both time and effort. This trend is expected to have a positive impact on the growth of the market in the future.
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