Dallas, TX -- (ReleaseWire) -- 03/24/2014 -- According to a new market research report "Global Commercial Aviation Aircraft Cabin Lighting Market, Forecast & Analysis (2012 – 2017) , the total global commercial aviation aircraft cabin lighting market is expected to reach $1.25 billion by 2017 with a CAGR of 5.43%.
Browse 114 tables and 24 figures/charts spread through 190 pages combined with an in-depth TOC on " Aircraft Lighting Market".
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The partial recovery of the aviation sector from 2007-08 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.
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 cabin 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 $960.8 million in 2012 to $1.25 billion by 2017. Global commercial aviation aircraft lighting market is majorly driven by the growth of demand of fuel efficiency and Enhancing passengers experience.
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The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the commercial aviation aircraft cabin lighting market. Furthermore, a briefing is conducted on competitive scenario and geographic trends and opportunities in the United States, Europe, China, Canada, Brazil and Russia.
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