[154 Pages Report] Commercial Aircraft Lighting Market research report for Aerospace and Defense Industry categorizes global market by Aircraft Type (NB,WB,VLA and RTA), Technology (Custom Controlled Light, LED, OLED, Photoluminescent Light) & by Geography (Asia-Pacific, Europe, Middle East-Africa, North America, Latin America)
Dallas, TX -- (SBWIRE) -- 11/20/2014 -- According to a new market research report "Commercial Aircraft Lighting Market by Technology (LED, OLED, Custom Controlled Light, Photoluminescent Light), Geography (Asia-Pacific, Europe, Middle East-Africa, North America, Latin America), & by Aircraft Type (NB,WB,VLA and RTA) – Forecasts & Analysis (2014 - 2020)", The market is estimated to be at $1469.50 Million in 2014, and is expected to grow with a CAGR of 5.43% to reach $2,018.51 Million by 2020.
Browse 70 market data tables and 59 figures spread through 154 pages and in-depth TOC on "Commercial Aircraft Lighting Market by Technology (LED, OLED, Custom Controlled Light, Photoluminescent Light), Geography (Asia-Pacific, Europe, Middle East-Africa, North America, Latin America), & by Aircraft Type (NB,WB,VLA and RTA) – Forecasts & Analysis (2014 - 2020)"
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The market is driven by an increase in the air travel, low cost carriers, and aircraft orders. Energy efficient equipment, light weight products, and evolution of new technologies offer new growth opportunities in the aircraft lighting market.
Europe accounts for second largest market share in the aircraft lighting market in 2014. The market size of aircraft lighting market in Europe is estimated to be at $263.09 million in 2014 and is expected to reach $405.72 million by 2020. The market is driven by increased air travel and aircraft deliveries. Over the next two decades, the air travel growth in Europe is expected to increase by 3.5%.
The increasing fuel price, which accounts 70% of overall operational cost, is a major concern for airlines to operate aircraft efficiently. There is a consequent increase in the size of the airplanes used by the operators, which is compelling them to look for upgraded models. The Dreamliner delivery is expected to increase by 2019, and the production is estimated to reach 12 aircraft every month by 2019, while production of the A330 is expected reach 10 aircraft per month by 2018.
Airline operators have been trying to increase operational efficiency and reduce costs with the help of light weight composite components and advanced LED aircraft exterior lights. Exterior lights consist of position lights, anti-collision lights, logo lights, emergency lights, and cargo and service lighting.
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In interiors lights, reading lights is expected to be the next big market to drive revenue among different types of aircraft cabin lights. The increased production of aircrafts and demand for lightweight composite lights are the driving factors for aircraft lighting market in future.
In 2013, Boeing has been a leading manufacturer in commercial aircraft segment, closely followed by Airbus. Boeing and Airbus delivered 648 and 626 commercial airplanes respectively in 2013. Both accounted about 86.11% of global commercial aircraft deliveries. Emerging companies such as Embraer, Bombardier, and COMAC are expected to increase their share in the APAC market; which is anticipated to slightly impact the market share of Boeing and Airbus.
The technology is shifting towards LED technology, which is providing a very visible difference between newer and older generation aircraft. For manufacturers and operators of the new platforms, such as Boeing 787 and Airbus A380, the plush, LED-lit cabins offer an opportunity to promote their services, while the technology itself is delivering efficiencies needed to address rising operating costs.
The LED technology has offered the aviation industry with creative mood lighting inside cabins. LED has a palette of 16.7 million colors to choose from. The extensive color changing capability offer opportunities for customization programs, ranging from subtle changes in hue to smooth and seamless color that washes throughout the cabin.
By 2017, the aviation industry is expected to see the use of OLEDs for ambient lighting and miniaturization of reading lights into smaller LED openings, hiding into ceiling panels. OLEDs are expected to become the primary source cabin lighting in the next ten years.
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