COMMERCIAL AIRCRAFT CABIN LIGHTING MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2029

 The market for commercial aircraft cabin lighting is anticipated to grow at a CAGR of 6.6 percent. With 83% of deliveries from 2017 to 2022 going to narrowbody aircraft, they controlled the market. Due to limits on travel, especially on local and international routes, the total number of passenger aircraft, including narrowbody and widebody, fell by 30% in 2020. The addition of new aircraft to airline companies' fleets was delayed, which also had an impact on the acquisition of new aircraft.

Airlines' ambitions to expand their fleets in order to accommodate the rising passenger volume should also help meet the demand for cabin lighting. For instance, LATAM, a Latin American airline, ordered 17 Airbus A321neo medium-range aircraft in 2022. The Airbus A321neo has the longest fuselage of the A320 family of planes and has enough for 180 to 220 passengers in a standard two-class cabin. Over 10,000 aircraft should be delivered between 2023 and 2029. 

For airlines, the customer experience is always first and foremost. Airlines make sure that their customers have a good trip. As a result, they are concentrating on offering fresh, cutting-edge goods (like mood lighting), which are crucial in defining the total passenger experience during their journey.

Demand for cabin illumination and new aircraft orders are being driven by the rising volume of passengers flying. In keeping with this, there were 4.3 billion passengers flying in North America, Europe, Asia-Pacific, and the Middle East in 2021, up 167% from the previous year.

Major Players: Astronics Corporation, Collins Aerospace, Diehl Aerospace GmbH, Luminator Technology Group and SCHOTT Technical Glass Solutions GmbH

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