TechNavio recognizes the following companies as the key players in the Global Commercial Aircraft Lighting Market: Astronics Corp., B/E Aerospace Inc., Diehl Aerospace GmbH, and Zodiac Aerospace S.A.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, the demand for no-frills airlines has increased, especially in the APAC region. The cost-effective business model of no-frills airlines has increased the demand for new aircraft in the global market. Generally, the no-frills airlines fly only on short-haul routes and provide only seats to passengers. The remaining services are either paid for or are not provided on board. These airlines generally cater to passengers who either use road or rail as their main mode of transportation. The travel cost of no-frills airlines is almost the same as that in these other modes of transportation and at the same time these airlines save travelers both time and effort. This trend is expected to have a positive impact on the growth of the market in the future.”
According to the report, one of the major drivers in this market is the increasing demand for aircraft in the APAC region. With the advent of the no-frills business model, the demand for new aircraft has increased in the APAC region.
Further, the report states that one of the major challenges in this market is the increase in raw material prices. This rise in the prices of raw material has resulted in pricing pressure on aircraft lighting manufacturers and thus they are compelled to pass on the increased cost to customers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-commercial-aircraft-lighting-mark…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Commercial Aircraft Lighting Market 2014-2018
