DUBLIN, Nov. 11, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Commercial Aircraft Lighting Market by Technology, Geography, & by Aircraft Type - Forecasts & Analysis (2014 - 2020)" report to their offering.
The aircraft lighting market is estimated to be at $1469.50 million in 2014, and is expected to grow with a CAGR of 5.43% to reach $2,018.51 million by 2020.
The report segments the aircraft lighting market on the basis of technology, product, aircraft type, and geographies. Further, it contains revenue forecast and technological trends that predominant in this market.
The geographical analysis contains an in-depth classification for the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The section and sub-segments in this report cover drivers, restraints, opportunities, challenges, and current market trends that revolutionize the aircraft lighting market.
Asia-Pacific holds the largest portion of the market share of the total market. It houses some of the largest growing economies in the world. Moreover, the region has witnessed tensions across South and South-East Asia and widely acknowledged armed forces modernization programs are taking place in the continent.
Key markets such as Russia, China, India, and Japan are projected to drive the growth of the market. China remains a tough market to crack, with strict government regulation, indigenous programs, and copyright issues with respect to application and technology.
Airlines are currently trying to tackle rising fuel prices, which is one of the major challenges. This has forced airlines to enhance efficiency in their lighting systems. Research & development is on the rise in for developing low power consuming lights.
Major players in aircraft lighting market include B/E Aerospace Inc., Goodrich Corporation, Diehl Aerospace, EMTEQ, Luminator Technology Group, Astronics Corporation, Honeywell Aerospace, and Cobham Plc.
Factors such as, pathway guidance, cognitive tunneling, and display integration are anticipated to be imperative, significantly impacting the growth of this market during the forecast period.
The introduction of new aircraft and future deliveries enable airlines to strengthen their existing competitive strategies, and allow them to develop capabilities to grow in the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market, By Light Type
8 By Technology
9 Market, By Aircraft Type
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Astronics Corporation
- B/E Aerospace, Inc.
- Cobham Plc.
- Diehl Aerosystems Holding Gmbh
- Emteq, Inc.
- Honeywell International Inc.
- Luminator Aerospace
- Stg Aerospace Limited
- United Technologies Corporation
- Zodiac Aerospace
For more information visit http://www.researchandmarkets.com/research/klxxrz/commercial
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SOURCE Research and Markets