TechNavio recognizes the following companies as the key players in the Global Commercial Aircraft Interior Lighting Market: Astronics Corp., B/E Aerospace Inc., Zodiac Aerospace S.A., and UTC Aerospace Systems.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, the demand for no-frills airlines has been increasing, especially in the APAC region. The cost-effective business model of no-frills airlines has increased the demand for new aircraft in the market. Generally, the no-frills airlines fly only on short-haul routes and provide only seats to the passengers. Additional services, if offered, are either paid for or are not provided on board. These airlines generally tap passengers who either use roadways or railways as their main mode of transportation. The travel cost for no-frills airlines is almost the same as compared to other modes of transportation, while saving time and effort for the traveler. This trend is expected to have a positive impact on the growth of the market in future years.”
According to the report, one of the major drivers in this market is the increasing demand for aircrafts in the APAC region. With the advent of the no-frills business model, the demand for new aircrafts 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. The rise in raw material prices has resulted in pricing pressure on aircraft lighting manufacturers, and hence, they are forced 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-interior-ligh…
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 Interior Lighting Market 2012-2016
