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(Chicago.CityRegions.Com, February 16, 2017 ) The report "Aircraft Cabin Lighting Market by Fit (Line-Fit & Retrofit), Aircraft Type (NBA, WBA, VLA & RTA), Light Type (Signage Lights, Lavatory Lights, Reading Lights, Ceiling & Wall Lights, & Floor Path Lighting Strips), and Region - Global Forecast to 2021", The aircraft cabin lighting market is estimated to be USD 1.89 Billion in 2016, and is projected to reach USD 2.43 Billion by 2021, at a CAGR of 5.08% from 2016 to 2021.
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The retrofit segment is projected to lead the aircraft cabin lighting market during the forecast period
On the basis of fit, the retrofit segment is estimated to witness the highest growth because all major companies are strongly focusing on aftermarket and maintenance, repair and overhaul (MRO) services for aircraft lighting systems. Diehl Aerospace is one of the top suppliers of aircraft lights and is estimated to acquire maximum revenue from the retrofit segment in 2016.
The lavatory lights segment is estimated to grow at the highest CAGR during the forecast period
On the basis of light type, the aircraft cabin lighting market has been segmented into ceiling & wall lights, reading lights, lavatory lights, signage lights, and floor path lighting strips. The aircraft cabin lighting market for lavatory lights is expected to grow at the highest CAGR, because lavatory lights weigh less and their features can be modified according to the service class and aircraft type.
North America is the largest market for aircraft cabin lighting
North America is the largest market for aircraft cabin lighting, due to increasing passenger traffic, demand for new aircraft, and retrofit of traditional lights among others. Moreover, the demand of highly efficient LED lights to reduce carbon emissions is also a major factor which is fueling the growth of this market.
Major players in the aircraft cabin lighting market are B/E Aerospace Inc. (U.S.), Cobham Plc. (U.K.), Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), among others.