COVID-19 Impacts: Aircraft Cabin Lighting Market Will Accelerate at a CAGR of Over 3% Through 2020-2024 | Increased Demand for Innovative Cabin Lighting to Boost Growth | Technavio
Technavio has been monitoring the aircraft cabin lighting market and it is poised to grow by USD 387.62 million during 2020-2024, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
What was the value of the aircraft cabin lighting market in 2019?
Technavio says that the value of market was at USD 2296.29 million in 2019 and is projected to reach USD 2683.91 million by 2024.
At what CAGR is the market projected to grow in the forecast period (2020-2024)?
Growing at a CAGR of over 3%, the market growth will accelerate in the forecast period of 2020-2024.
What is the key factor driving the market?
Increased demand for innovative cabin lighting is one of the key factors driving the market growth.
What are the top players in the market?
Astronics Corp., Aveo Engineering Group s.r.o, BAE Systems Plc, Cobham Plc, GGI Solutions, Honeywell International Inc., Raytheon Technologies Corp., Safran SA, SCHOTT AG, and STG Aerospace Ltd. are some of the major market participants.
Which region is expected to hold the highest market share in the market?
APAC
What is the major trend of the market?
Emergence of mood-lighting system is a major growth factor for the market.
What is the year-over-year growth rate of the global market?
The year-over year growth rate for 2020 is estimated at 1.07%.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Astronics Corp., Aveo Engineering Group s.r.o, BAE Systems Plc, Cobham Plc, GGI Solutions, Honeywell International Inc., Raytheon Technologies Corp., Safran SA, SCHOTT AG, and STG Aerospace Ltd. are some of the major market participants. The increased demand for innovative cabin lighting will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increased demand for innovative cabin lighting has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our aircraft cabin lighting market report covers the following areas:
Aircraft Cabin Lighting Market size
Aircraft Cabin Lighting Market trends
Aircraft Cabin Lighting Market analysis
This study identifies emergence of mood-lighting system as one of the prime reasons driving the aircraft cabin lighting market growth during the next few years.
We provide a detailed analysis of vendors operating in the aircraft cabin lighting market, including some of the vendors such as Astronics Corp., Aveo Engineering Group s.r.o, BAE Systems Plc, Cobham Plc, GGI Solutions, Honeywell International Inc., Raytheon Technologies Corp., Safran SA, SCHOTT AG, and STG Aerospace Ltd. Backed with competitive intelligence and benchmarking, our research reports on the aircraft cabin lighting market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist aircraft cabin lighting market growth during the next five years
Estimation of the aircraft cabin lighting market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the aircraft cabin lighting market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of aircraft cabin lighting market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 ? 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
WCAFL - Market size and forecast 2019-2024
Reading lighting - Market size and forecast 2019-2024
Lavatory lighting - Market size and forecast 2019-2024
Market opportunity by Product
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Vendor landscape
Landscape disruption
Competitive scenario
Vendor Analysis
Vendors covered
Market positioning of vendors
Astronics Corp.
Aveo Engineering Group s.r.o
BAE Systems Plc
Cobham Plc
GGI Solutions
Honeywell International Inc.
Raytheon Technologies Corp.
Safran SA
SCHOTT AG
STG Aerospace Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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