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Global aviation aircraft cabin lighting market: $1.25 billion industry by 2017

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Commercial Aviation Aircraft Lighting Market: Forecast & Analysis 2012-2017 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-14 23:35:01
The global commercial aviation aircraft cabin lighting market revenue is expected to grow from $960.8 million in 2012 to $1.25 billion by 2017. Global commercial aviation aircraft cabin lighting market is majorly driven by the growth of demand of fuel efficiency. Enhancing passengers experience is also one of the drivers for this market.

The recovery of the aviation sector from 2007-08, the global economic crisis has helped the commercial aircraft manufacturers with new orders. Majority of the orders are from emerging regional economies like APAC and BRIC. The manufacturers are increasing their aircraft production capacity alongside with innovative aircrafts aimed at fuel efficiency. The industry is witnessing new entrants from emerging economies in narrow body segment. These in turn are acting as boon for the Aircraft Components Manufacturers. Coupled with the increase in orders for existing models and new models are expected to enter the market. The aircraft lighting industry is estimated to grow at 5.43% during the period of 2012 to 2017.

Airlines are currently trying to tackle the rising fuel price which is a major challenge. This has forced the airlines to enhance the efficiency in their lighting system. There has been immense research & development in areas of low power consuming lights and adding value to passengers experience through lighting system.

The global commercial aviation aircraft lighting market is currently valued at $1.01 billion. The market is expected to grow in tandem with the growth in aviation sector. Existing delivery backlogs, rising demand of aircraft in the fast growing regional economies, new aircraft models, emerging aircraft manufacturers are the key drivers for the commercial aircraft lights manufacturing industry.

Low Cost Carriers (LCCs) comprises of 63% in the global fleet size. LCCs uses single aisle Narrow Body Aircrafts, majority of the LCC Narrow Body configurations consists of the normal reading lights attached to the cabin roof. However new generation aircrafts like Boeings 787, Airbus A380 includes the creative aircraft lighting system - the Mood Lighting. Aircrafts are moving towards the smarter LED lighting systems for benefits like increased efficiency, better control, less low power consumption, longer lifespan.

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