size reached US$ 1.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.42 Billion by 2027, exhibiting a growth rate (CAGR) of 5.10% during 2022-2027.
The aircraft cabin lighting system is essential in providing an optimal in-flight experience since it offers a pleasant journey, various facilitates, and several leisure activities for passengers. It largely includes ordinance signs, lavatory lights, specialty lighting, emergency lighting, reading and signage lights, ceiling and floor path lights, lavatory lights, etc. In addition, since night travel at cruising altitudes requires sufficient illumination for passenger service, high-quality lighting enhances the travel experience and aids in retaining customers. As a result, airline operators are increasingly installing advanced cabin lighting systems in commercial aircraft to improve customer satisfaction levels and offer innovative value-added services.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Aircraft Cabin Lighting Market Trends and Drivers:
The escalating need for improved passenger experience in commercial airlines is among the primary factors driving the aircraft cabin lighting market. Besides this, the rising number of passengers opting for air travel and the elevating demand for domestic planes with extended routes are further augmenting the market growth. Moreover, the development of low-cost, AI-based interior lighting system technology in the aviation industry is also catalyzing the global market. Apart from this, the high urbanization and the inflating per capita disposable income levels of individuals are acting as significant growth-inducing factors. Additionally, the launch of several policies by the government bodies to extensively invest in the establishment of commercial aircraft manufacturing facilities is also stimulating the market growth. Furthermore, the increasing number of domestic flights, the expanding aviation sector, the low production cost of LED bulbs, and the growing merger and acquisition (M&A) activities by the leading players are expected to bolster the aircraft cabin lighting market in the coming years.
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