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March 21, 2013 /PRNewswire/ --
According to a new market research report,
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%.
120 market data tables
193 Slides and an in-depth Table of Content on "Aircraft Lighting Market"
Early buyers will receive 10% customization on this report.
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.