DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/m26hz4/commercial) has announced the addition of the "Commercial Aircraft Lighting Market by Technology, Geography, & by Aircraft Type - Forecasts & Analysis (2014 - 2020)" report to their offering.
The aircraft lighting market is valued at $1,469.50 million and is expected to grow to $2.01 billion by 2020. The aircraft lighting market is expected to grow at a CAGR of 5.43% from 2014-2020.
The report lists the leading players in aircraft lighting market. Apart from an overview of the companies, it also provides financial analysis, products, and key developments. All percentage share, splits, and breakdown determined using secondary sources have been verified through primary sources.
A huge demand is expected for aircraft lights in the Asia-Pacific region, primarily due to increasing deliveries of A380, A350 XWB, B787 Dreamliner, B747-400S, and many other LED-integrated aircraft models.
The Narrow Body Aircraft Market has the highest potential to grow in the lighting market. Reading lights are projected to be the maximum revenue generator among the different types of aircraft cabin lights. Increased production of aircraft will also drive the market.
Airlines are currently trying to tackle rising fuel prices, which is a major challenge. This has forced them to enhance efficiency in their aircraft cabin lighting system. There has been immense research and development in areas of low power consuming lights and adding value to the passengers experience using lighting systems.
The current trend is to include more LED lighting in cockpits and cabins. Many legacy systems still incorporate incandescent lamps, but all new designs are expected to include LEDs in the cabin. The major drivers for the aircraft lighting market mainly include increased air travel, increased demand for very large aircraft and wide body aircraft, and the need to enhance the experience of the passengers. The market is restrained by airline order backlogs, alternative mode of transportation, and economic downturns.
The industry is witnessing new entrants from emerging economies in the narrow body segment. These, in turn, act as a boon for the aircraft component manufacturer. The Airbus A320 family and Boeing 737 are significant aircraft in today's aviation network. Leading players in aircraft lighting market include B/E Aerospace Inc., Goodrich Corporation, Diehl Aerosystems, Zodiac Aerospace, EMTEQ, Luminator Technology Group, Astronics Corporation, Honeywell International, and Cobham Plc.
Key Topics Covered:
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- Market, By Light Type
- By Technology
- Market, By Aircraft Type
- Geographic Analysis
- Competitive Landscape
- Company Profiles
- Astronics Corporation
- B/E Aerospace, Inc.
- Cobham Plc.
- Diehl Aerosystems Holding Gmbh
- Emteq, Inc.
- Honeywell International Inc.
- Luminator Aerospace
- Stg Aerospace Limited
- United Technologies Corporation
- Zodiac Aerospace
For more information visit http://www.researchandmarkets.com/research/m26hz4/commercial