Market Size of Commercial Aircraft Interior Lighting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Commercial Aircraft Interior Lighting Market Analysis
The commercial aircraft interior lighting market is anticipated to grow at a CAGR of over 5.5% during the forecast period.
The aviation industry witnessed unprecedented challenges due to the COVID-19 pandemic. Several airlines across the world are faced with losses and liquidity crises, which may result in the cancellation or postponement of aircraft deliveries and cabin retrofit programs. Furthermore, the pandemic has also impacted manufacturing facilities across the aerospace supply chain. Major aircraft OEMs have reduced their production rate to adjust to the demand for new aircraft. But the aviation sector showed a strong recovery after the pandemic with increased aircraft orders and air traffic, which created the need for interior aircraft systems.
A growing number of air passengers, rising investments in the aviation sector, and increasing aircraft modernization programs create demand for internal systems, which drive market growth. Increasing preference for new LED and OLED lights to enhance customer experience during the flight is expected to support the development of the market. Furthermore, increased demand for non-electrical floor path lighting drive market growth. It consists of photoluminescent lighting strips installed on the cabin floor to guide passengers to emergency exists in case of lighting failures. The system does not require a lightweight power source, has an improved lifespan, and has zero maintenance.
Additionally, aging aircraft are undergoing refurbishments to extend their service lives, which may further generate demand for interior cabin products. Traditional lights are being replaced by advanced LEDs that have longer lives, low power consumption, robust designs, and enable easy installation, driving the market's growth during the forecast period.
