LONDON--(BUSINESS WIRE)--Technavio has been monitoring the commercial aircraft led lighting system market and it is poised to grow by USD 163.58 million during 2020-2024, progressing at a CAGR of about 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
- Based on segmentation by type, which is the leading segment in the market?
- The WCF LED lighting system is expected to be the leading segment based on type in the global market during the forecast period.
- What are the major trends in the market?
- Focus on passenger comfort boosting aircraft cabin retrofitting activities is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of about 3%, the incremental growth of the market is anticipated to be USD 163.58 million.
- Who are the top players in the market?
- Astronics Corp., BAE Systems Plc, Diehl Stiftung & Co. KG, Honeywell International Inc., Oxley Group, Raytheon Technologies Corp., Safran SA, SCHOTT AG, Soderberg Manufacturing Co. Inc., and STG Aerospace Ltd. are some of the major market participants.
- What are the key market drivers and challenges?
- Increasing demand for commercial aircraft is one of the major factors driving the market. However, the delays in aircraft delivery restraints the market growth.
- How big is the Europe market?
-
The Europe region will contribute 36% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Astronics Corp., BAE Systems Plc, Diehl Stiftung & Co. KG, Honeywell International Inc., Oxley Group, Raytheon Technologies Corp., Safran SA, SCHOTT AG, Soderberg Manufacturing Co. Inc., and STG Aerospace Ltd. are some of the major market participants. The increasing demand for commercial aircraft will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Commercial Aircraft LED Lighting System Market 2020-2024: Segmentation
Commercial Aircraft LED Lighting System Market is segmented as below:
-
Type
- WCF LED Lighting System
- Reading LED Lighting System
- Lavatory LED Lighting System
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
-
Application
- Narrow-body Aircraft
- Wide-body Aircraft
- Regional Aircraft
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Commercial Aircraft LED Lighting System Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial aircraft led lighting system market report covers the following areas:
- Commercial Aircraft LED Lighting System Market Size
- Commercial Aircraft LED Lighting System Market Trends
- Commercial Aircraft LED Lighting System Market Analysis
This study identifies focus on passenger comfort boosting aircraft cabin retrofitting activities as one of the prime reasons driving the commercial aircraft LED lighting system market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Commercial Aircraft LED Lighting System Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist commercial aircraft led lighting system market growth during the next five years
- Estimation of the commercial aircraft led lighting system market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial aircraft led lighting system market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of commercial aircraft led lighting system market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Narrow-body aircraft - Market size and forecast 2019-2024
- Wide-body aircraft - Market size and forecast 2019-2024
- Regional aircraft - Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Type
- Market segments
- Comparison by Type
- Reading LED lighting system - Market size and forecast 2019-2024
- Lavatory LED lighting system - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Astronics Corp.
- BAE Systems Plc
- Diehl Stiftung & Co. KG
- Honeywell International Inc.
- Oxley Group
- Raytheon Technologies Corp.
- Safran SA
- SCHOTT AG
- Soderberg Manufacturing Co. Inc.
- STG Aerospace Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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