The aircraft cabin lighting market is projected to grow from an estimated USD 1.46 Billion in 2017 to USD 2.00 Billion by 2022, at a CAGR of 6.48% during the forecast period. This growth can be attributed to increasing aircraft orders due to the rise in passenger traffic across the globe. Increasing emphasis on passenger experience is also driving the aircraft cabin lighting market.
The aircraft cabin lighting market is projected to grow from an estimated USD 1.46 Billion in 2017 to USD 2.00 Billion by 2022, at a CAGR of 6.48% during the forecast period. This growth can be attributed to increasing aircraft orders due to the rise in passenger traffic across the globe. Increasing emphasis on passenger experience is also driving the aircraft cabin lighting market.
Major Aircraft Cabin Lighting Companies Include:
These key players offer various aircraft cabin lighting products, and have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.
Rockwell Collins (US) acquired B/E Aerospace (US) in 2016. Rockwell Collins (US) held the leading position in the aircraft cabin lighting market, in 2016. The company focuses on the development of next-generation products to cater to the diverse demands of its potential clients. It has also focused on entering into long-term agreements with key market players and acquiring contracts to enhance its product offerings and market share. The company offers technologically-advanced lighting systems capable of improving visibility during night operations.
Diehl Stiftung (Germany) is another leading company in the aircraft cabin lighting market, with a strong presence in North America and Europe and also catering to the Asia Pacific region. The company provides a wide range of aircraft cabin lighting products. Diehl Stiftung is expanding its global reach by starting new facilities. In 2016, the company established a fully-owned subsidiary in Singapore (Diehl Aerospace Pte. Ltd.) to tap the emerging Asia Pacific aerospace market.
Related Reports:
Aircraft Cabin Lighting Market by Light Type (Reading Lights, Ceiling & Wall, Signage, Floor Path Lighting, Lavatory Lights), Aircraft Type (Narrow Body, Wide Body, Very Large Aircraft), End-User (OEM and Aftermarket), & Region - Global Forecast to 2022
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