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 & BRIC.
DALLAS – According to a new market research report by marketsandmarkets, Commercial Aviation Aircraft Lighting Market, Forecast & Analysis (2012 – 2017), the total global commercial aviation aircraft lighting market is expected to reach $1.31 billion by 2017 with a CAGR of 5.43%.
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 & 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 expected to enter the market the aircraft lighting industry is expected to grow at 5.43% during the period of 2012 to 2017. It is expected that the aircraft lighting market in China will witness the highest growth rate.
Airlines are currently trying to tackle the rising fuel price which is a major challenge. This has forced the airlines to move towards light-weight interiors with increased efficiency. There has been immense research & development in areas of enhancing passengers experience through innovative efficient lights.
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.
The global commercial aviation aircraft lighting market revenue is expected to grow from $1.01 billion in 2012 to $1.31 billion by 2017. Global commercial aviation aircraft 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.
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analysis of the commercial aircraft lighting market in United States, Europe, Canada, Brazil, China and Russia. This report draws the competitive landscape of the commercial aviation aircraft lighting, providing an in-depth comparative analysis of the technological and marketing strategies of the key players.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
