Allied Market Research has announced the publication of Aircraft Cabin Lighting Market by Type, Fit, and Aircraft Type, which forecasts the market is expected to reach USD 1.74 billion by 2026, the company said.
The report provides a detailed analysis of the drivers & opportunities, wavering market trends, competitive market scenario, and market size & estimates. According to the report, the aircraft cabin lighting industry was estimated at USD 1.16 billion in 2018, registering a CAGR of 5.2% during the estimated period.
Increase in aircraft deliveries, efficient alternatives to existing interior lights, and rise in number of air passengers drive the growth of the global aircraft cabin lighting market. On the other hand, existing backlog of aircraft deliveries and high initial cost restrain the growth to some extent. However, high-end advancement in interior lighting system technology are expected to create an array of lucrative opportunities for the key players in the industry.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. A