Global Aircraft Cabin Lighting Market is Estimated to Reach $2.3 B
Global report published by Accurize Market Research forecast that the global market is expected to reach $2.3 billion by 2025; growing at a CAGR of 7% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Expansion in the use of energy-efficient lighting systems and rise in demand for retrofit lighting systems to drive the growth of the market
Expansion in the use of energy-efficient lighting systems, an increase in competition among existing aircraft operators and a rise in demand for retrofit lighting systems fuels the demand for the global aircraft cabin lighting market. Furthermore, the increase in focus of enhanced travel experience for passengers, and high demand for aftermarket and maintenance of aircraft also boost the growth of the market.
The global aircraft cabin lighting market has been bifurcated on the basis of light type, aircraft type, end-user, and geography. The light type segment is segmented into reading light, ceiling & wall lights, signage light, floor path strips, and lavatory lights. By aircraft type, the segmentation is assumed as narrow-body aircraft, wide-body aircraft, very large aircraft, regional transport aircraft, and business jets. Furthermore, OEM and aftermarket are involved in the end-user segment.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated into U.S. and Canada whereas Europe segment consists of the UK, Germany, France, Italy, and the Rest of Europe. Asia-Pacific is segmented into India, China, Japan, Australia, Russia and the Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.