2017 civil aviation aircraft lighting market output value will reach 1.31 billion US dollars

2017 civil aviation aircraft lighting market output value will reach 1.31 billion US dollars

According to the new market research report “Civil Aviation Aircraft Lighting Market Forecast and Analysis 2012-2017”, the total output value of the global civil aviation aircraft lighting market in 2017 is expected to reach US$1.31 billion, and the compound annual growth rate (CAGR) will reach 5.43%.

The aviation industry recovered after experiencing the global economic crisis from 2007 to 2008, prompting civil aviation aircraft manufacturers to obtain new orders. Most orders come from emerging economies such as the Asia Pacific region and the BRIC countries. Manufacturers are expanding aircraft production capacity and making innovations in energy efficiency.

The aviation industry (narrowbody aircraft market) is emerging from new companies in emerging economies. This also brings opportunities for aircraft component manufacturers. With the increase in the number of orders for new and old models, from 2012 to 2017, civil aviation aircraft lighting industry is expected to increase by 5.43%. The Chinese aircraft lighting market is expected to develop most rapidly.

Rising fuel prices are a major challenge, and airlines are currently dealing with this issue and have to use more energy-efficient light interiors. A large number of R&D activities are underway to improve passenger experience through innovative energy-saving lamps.

Low-cost airlines (LCC) have 63% of the world's fleet of aircraft. They use single-aisle narrow-body aircraft, most of which are equipped with ordinary reading lights hung on the ceiling. However, new-generation aircraft such as Boeings 787 and Airbus A380 contain innovative aircraft lighting systems - scene lighting systems.

Given the benefits of smarter LED lighting systems that can increase efficiency, provide better control, reduce energy consumption, and increase longevity, aircraft are now adopting such systems.

In 2017, the global civil aviation aircraft lighting market output is expected to increase from 1.01 billion U.S. dollars in 2012 to 1.31 billion U.S. dollars. The development of this market is driven to a large extent by the increase in energy-saving demand, and improving the passenger experience is also a factor that contributes to its development.

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