Amid the COVID-19 crisis, the global market for Aircraft Cabin Lighting estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027.Reading Lights, one of the segments analyzed in the report, is projected to grow at a 5.8% CAGR to reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ceiling & Wall Lights segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 32.6% share of the global Aircraft Cabin Lighting market.
The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.3% CAGR for the Period of 2020-2027
The Aircraft Cabin Lighting market in the U. S. is estimated at US$437.1 Million in the year 2020. The country currently accounts for a 27.09% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$485.6 Million in the year 2027 trailing a CAGR of 8.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$485.6 Million by the year 2027.
Other Light Types Segment Corners a 8.9% Share in 2020
In the global Other Light Types segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$108.2 Million in the year 2020 will reach a projected size of US$143.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$310.8 Million by the year 2027, while Latin America will expand at a 5.5% CAGR through the analysis period. The publisher brings years of research experience to this 9th edition of our report. The 380-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Astronics Corporation
- Cobham PLC
- Diehl Stiftung & Co. KG
- Heads Up Technologies, Inc.
- Honeywell International, Inc.
- Luminator Technology Group
- Oxley Group
- Precise Flight, Inc.
- Rockwell Collins, Inc.
- Soderberg Manufacturing Company, Inc.
- STG Aerospace
- United Technologies Corporation (UTC)
- Zodiac Aerospace
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Aircraft Cabin Lighting Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
Aircraft Cabin & Cabin Lighting: A Definition
Ceiling & Wall Lights
Cabin Emergency Lighting
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Robust Outlook for Commercial Aviation Provides the Cornerstone for Growth in the Aircraft Cabin Lighting Market
Healthy Growth in Commercial Airline Revenues to Catalyze Opportunities Across the Aircraft Supply Chain: Global Commercial Airline Revenue (In US$ Billion) for the Years 2017, 2019 and 2022
Robust Growth in Passenger & Cargo Traffic Bodes Well for Retrofits, Refurbishments and Sales of Aircraft Lighting Solutions: Global Passenger & Cargo Traffic (In Trillions of Available Seat Kilometers & Revenue Passenger Kilometers and Millions of Available Tonne Kilometers & Freight Tonne Kilometers) for the Years 2016 through 2020
Legislation of Stringent Aircraft Safety Regulations and Airworthiness Standards & the Resulting Compliance Burden Drives Refurbishment & Upgrades of Aircraft Lighting Fixtures
Ever-Present Airplane Accident Risk Which Spiked in 2017 Redoubles the Focus on Cabin Safety & Cabin Emergency Lighting: Global Number of Accidents Per Million Departures 2014 through 2018
Growing Airline Focus on Passenger Experience as a Key Service Differentiator to Benefit Sales and Retrofits of Aircraft Lighting Solutions
Growing Base of Aircraft Fleet Drives Demand in the Aftermarket
Expanding Global Fleet Size Provides a Steady Stream of Opportunities in the Aftermarket: Global Aircraft Fleet Size (In Units) by Geographic Region for the Years 2017, 2019, 2024, 2029 and 2037
Increasing Aircraft Deliveries as a Result of High Order Backlogs to Drive Growth Opportunities in the OEM Market
Robust Aircraft Deliveries Means a Continuously Moving Assembly Line & Strong Demand Opportunities for Aircraft Components in the Supply Chain: Global Cumulative Aircraft Deliveries for the Period (2018-2037) by Geographic Region/Country (In Units & US$ Billion)
Emergence of Low Cost Long Haul Narrowbody/Single Aisle Aircraft as a Game Changer in Asia to Spur Sales of Lighting Solutions for Narrow Body Aircraft
Growing Demand for Low Cost Aircraft to Benefit Demand for Cabin Lighting Designed Especially for Narrow Body Aircraft: Projected Number of Narrowbody Jets in the Global Fleet for the Years 2019, 2024 and 2029
Percentage (%) Share Composition of Global Aircraft Fleet by Type of Aircraft for the Years 2017 and 2037
As Airlines Give Customers More Private Space, Cabin Reading Lights Takes Center Stage to Facilitate Leisure Activities During Travel
Increased Consumption of Media During Air Travel to Fuel Opportunities’ for Cutting Edge Cabin Lighting Solutions
With Value Added Digital Services Increasingly Being Offered for Seamless Extension of Passengers Digital Lifestyles Into Aircraft, Poised to Benefit are High Performance Lighting Solutions: Global In-Flight Wi-Fi, Entertainment & Connectivity Market (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
LED Lighting Systems Emerge as the New Revenue Spinner in the Market Supported by Energy Efficiency & Cost Benefits
A Review of the Opportunities in Store for Organic LED Lighting Systems
Growing Evidence of LED Lighting Taking Over as the Future of Light Across Myriad Application Areas Bodes Well for the Technology in Aircraft Applications: Global Market for LED Technology (In US$ Billion) for the Years 2017, 2019 & 2022
Growing Passenger Preference for Night Travel (Red Eye Flights) Amplifies the Need for Effective Lighting to Offer Passenger Services
Strong Demand for Lightweight Lighting Systems as Part of the Broader Goal of Aircraft Weight Reduction Brings Fiber Optic Based Lighting Into the Spotlight
Growing Trend of In-Cabin Digital Signage to Gain Momentum as Inflight Advertising & Media Marketing Emerges Over the Horizon
Robust Gains in the MRO Industry to Feed Growth in the Aftermarket
A Robust MRO Industry is a Major Win for Aircraft Cabin Lighting Solutions in the Aftermarket: Global MRO Industry (In US$ Billion) for the Years 2019, 2024 and 2029
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Aircraft Cabin Lighting Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Aircraft Cabin Lighting Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 44
- ASTRONICS CORPORATION
- COBHAM PLC
- DIEHL STIFTUNG & CO. KG
- HEADS UP TECHNOLOGIES
- HONEYWELL INTERNATIONAL
- LUMINATOR TECHNOLOGY GROUP
- OXLEY GROUP
- PRECISE FLIGHT, INC.
- ROCKWELL COLLINS
- STG AEROSPACE
- SODERBERG MANUFACTURING CO