Analysts forecast the global commercial aircraft LED lighting system market to grow at a CAGR of 6.24% during the period 2018-2022. One trend in the market is research and development in understanding impact of cabin lighting on passenger psychology.
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As the aviation industry is shifting from photoluminescent lights to LED lighting for aircraft cabins, the focus of aircraft lighting vendors, aircraft OEMs, and MROs is shifting toward understanding and exploring the psychological effect of lighting on passengers.
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Airlines are trying to understand passenger in-flight experience and are developing enhanced lighting systems like mood lighting.
Major key players in the global commercial aircraft LED lighting system market: Honeywell International, Rockwell Collins, STG Aerospace, UTC, and ZODIAC AEROSPACE.
According to the commercial aircraft LED lighting system market report, one driver in the market is growing preference for procuring newer generation aircraft. Commercial aircraft orders have been sharply cyclical in the past.
Over 2015-2017, the order activity has slowed down for both Airbus and Boeing, indicating that the current cycle has passed its peak. The slowdown in orders has not affected the major OEMs owing to the unprecedented order backlogs in the narrow-body and wide-body segments.
Further, the commercial aircraft LED lighting system market report states that one challenge in the market is delays in aircraft scheduled delivery hampers planning of entire supply chain. As the aviation industry is moving forward with increasing technological advancements and enhanced systems, manufacturers of various aircraft parts, components, and sub-assemblies are feeling the pressure to cope with the increasing demand, budget constraints, and rapid delivery times.
These factors can have a huge impact even on the quality of the product.
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Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global Commercial Aircraft Led Lighting System Market
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition - Inclusions and Exclusions Checklist
Exhibit 6: Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global Market Size and Forecast 2017-2022 ($ Mn)
Exhibit 9: Global Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition - Five Forces 2017
Exhibit 18: Aircraft Type Market Share 2017-2022 (%)
Exhibit 19: Comparison by Aircraft Type
Exhibit 20: Narrow-Body Aircraft Market Size and Forecast 2017-2022 ($ Mn)