London, 02 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global commercial aircraft lighting market 2015-2019, which is expected to grow at a CAGR of 4.98% during the period 2015-2019.
Operators and manufacturers are adopting new technologies that will effectively reduce fuel burn and power consumption. LED lighting systems have taken a step forward and initiated a variety of changes in exterior and interior aircraft lighting systems. New technologies such as monitoring systems that help gather real-time information on component and part failures of lighting systems are trending in the market.
“Growing demand for air travel has led to competition among airlines and aircraft manufacturers. To provide better services, airlines and aircraft manufacturers have been adopting new lighting systems for their aircraft, especially for the interiors,” says Faisal Ghaus, Vice President of Technavio.
“These lights are cost-effective, reliable and deliver important environmental benefits for passengers. They are also 88.18 pounds lighter than fluorescent lighting systems and consume 70% less power, increasing both the aircraft’s fuel and electrical efficiency.”
Key Market Drivers
- Growing Demand for Air Travel
- Need for Modernized Lighting Technologies
- Growing Safety Concerns
Key Market Trends
- Shift toward LED Lighting Systems
- Evolving Technologies to Monitor Aircraft Lighting Systems
- Shift to Mood Lighting Systems
Key Market Vendors
- Astronics Corp
- B/E Aerospace
- Cobham plc
- Diehl Aerosystems
- Zodiac Aerospace
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
