USD 1.2 Billion
Report ID:
SQMIG20A2199 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Aircraft Galley Lighting Market size was valued at USD 1.29 Billion in 2022 and is poised to grow from USD 1.38 Billion in 2023 to USD 2.43 Billion by 2031, at a CAGR of 7.30% during the forecast period (2024-2031).
The global aircraft galley lighting market is driven by several factors. Firstly, the increasing demand for air travel and the growing number of commercial aircraft deliveries propel the need for modern and efficient galley lighting solutions. As airlines strive to provide a superior passenger experience, they invest in galley lighting that enhances the overall ambiance and complements the cabin interiors. Secondly, the industry's focus on energy-efficient and sustainable lighting solutions drives the adoption of advanced LED and OLED technologies in aircraft galleys. LED lighting offers significant energy savings, longer lifespan, and reduced maintenance costs, making it an attractive choice for airlines looking to optimise operational efficiency. Additionally, the use of OLED technology in galley lighting allows for flexibility in design, enabling innovative lighting configurations that add to the aesthetic appeal of the cabin. Despite the market's positive prospects, some challenges hinder its growth. One such challenge is the strict regulatory requirements and certification standards governing aircraft lighting systems, including those for galley lighting.
Compliance with these stringent regulations necessitates extensive testing and certification processes, which can increase the time and cost of bringing new lighting products to the market. Moreover, the COVID-19 pandemic has significantly impacted the aviation industry, leading to reduced air travel demand and financial constraints for airlines. The pandemic-induced downturn may temporarily limit new aircraft orders and cabin retrofitting projects, affecting the short-term demand for aircraft galley lighting solutions.
US Aircraft Galley Lighting Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.2 Billion
Largest Segment
LED
Fastest Growth
LED
Growth Rate
7.3% CAGR
To get more reports on the above market click here to Buy The Report
The global aircraft galley lighting market is segmented on the basis of technology, aircraft, and region. By technology, the market is segmented into LED Lighting, and OLED. By aircraft, the market is segmented into commercial aircraft, and business and private jet. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aircraft Galley Lighting Market Analysis By Technology
The dominant segment in the lighting technology category is LED lighting. LED lighting solutions have become the preferred choice for aircraft galley lighting due to their energy efficiency, longer lifespan, and versatility in design. LED lights offer significant power savings, reducing operational costs for airlines, and their ability to provide precise and customizable illumination makes them ideal for enhancing the galley environment.
The fastest-growing segment in the lighting technology category is OLED (Organic Light Emitting Diode) lighting. OLED technology has gained traction in the aviation industry for its thin and flexible lighting elements, enabling unique and creative lighting designs in aircraft galleys. OLEDs offer uniform and glare-free lighting, contributing to a comfortable and inviting atmosphere for passengers and crew. As airlines increasingly prioritise aesthetics and passenger experience, the demand for OLED lighting in aircraft galleys is expected to witness rapid growth.
Aircraft Galley Lighting Market Analysis By Aircraft
The dominant segment in the aircraft type category is commercial aircraft. Commercial airlines operate a vast fleet of aircraft, including narrow-body and wide-body planes, and are continuously looking to enhance in-flight services and passenger experience. As a result, the demand for modern and efficient galley lighting solutions remains strong in the commercial aviation sector.
The fastest-growing segment in the aircraft type category is business and private jets. The business aviation sector has been experiencing steady growth, with an increasing number of private and corporate jet owners seeking high-end amenities and luxurious interiors, including advanced galley lighting systems. As business and private jet manufacturers and operators strive to offer a premium flying experience, the demand for specialised and customizable galley lighting solutions is on the rise.
To get detailed analysis on other segments, Request For Free Sample Report
North America has historically been the dominant region in the aircraft industry, including aircraft galley lighting. The presence of major aerospace manufacturers, airlines, and a well-established aviation infrastructure contribute to the market's dominance. North American airlines prioritise passenger experience and operational efficiency, driving the demand for modern and innovative galley lighting solutions. Additionally, the region's focus on sustainability and energy-efficient technologies further propels the adoption of LED and OLED lighting solutions.
Asia-Pacific is the fastest-growing market for aircraft galley lighting. Rapid economic growth, increasing air travel, and expanding airline fleets in countries like China, India, and Southeast Asian nations are propelling the demand for modern aircraft with advanced galley amenities. As airlines in this region aim to offer superior passenger experience, they are investing in state-of-the-art gallery lighting systems that enhance the cabin ambiance and cater to the diverse preferences of passengers. Moreover, the rise of low-cost carriers in Asia-Pacific presents a considerable market opportunity for more cost-effective and efficient galley lighting solutions.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Aircraft Galley Lighting Market Drivers
Focus on Passenger Experience
Energy Efficiency and Sustainability
Aircraft Galley Lighting Market Restraints
Stringent Regulatory Compliance
Impact of COVID-19 Pandemic
Request Free Customization of this report to help us to meet your business objectives.
The competitive landscape of the Global Aircraft Galley Lighting Market is characterised by intense competition and a diverse range of players catering to the aviation industry's needs. Companies operating in this market are primarily focused on developing innovative and energy-efficient lighting solutions that meet the specific requirements of aircraft galleys. The market is served by a mix of well-established aerospace giants, specialised lighting technology providers, and smaller niche players. These companies vie for market share by offering a comprehensive portfolio of galley lighting products and services, spanning LED and OLED lighting technologies, customizable lighting controls, and smart lighting solutions.
Partnerships and collaborations with aircraft manufacturers and airlines play a crucial role in gaining a foothold in the market, enabling seamless integration of lighting systems with aircraft interiors. Additionally, the adherence to stringent aviation regulatory standards and certifications is a critical factor that distinguishes leading players in the market. As airlines prioritise passenger experience, sustainability, and operational efficiency, the competition among companies to provide cutting-edge galley lighting solutions is expected to remain robust. Market players continue to invest in research and development to stay ahead of the curve, meet evolving customer demands, and secure a competitive advantage in the dynamic Global Aircraft Galley Lighting Market.
Top Player’s Company Profile Aircraft Galley Lighting Market
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Aircraft Galley Lighting market analysis, North America remains dominant with its established aviation industry, the Asia-Pacific region is witnessing exponential growth due to its emerging markets and increasing air travel demand. The global aircraft galley lighting market has witnessed steady growth and transformative changes, driven by various factors that contribute to enhanced passenger experience and operational efficiency in the aviation industry. The adoption of LED and OLED lighting technologies has emerged as a dominant trend, providing airlines with energy-efficient solutions, longer lifespan, and customizable lighting designs to create a pleasant ambiance in the galley environment.
Airlines' increasing focus on passenger experience has spurred the demand for innovative lighting solutions that complement cabin interiors and elevate the overall in-flight journey. Moreover, the integration of smart lighting systems, sustainable lighting solutions, and advancements in lighting design further contribute to the market's growth. As airlines seek to retrofit existing aircraft with modern lighting systems and adopt NVIS compatibility for specific operations, the market continues to evolve with an emphasis on efficiency, aesthetics, and eco-friendliness. While the industry faces challenges such as stringent regulations and the impact of the COVID-19 pandemic, the prospects for the Global Aircraft Galley Lighting Market remain optimistic. Manufacturers and suppliers are expected to invest in research and development, further innovating to meet the evolving demands of airlines and passengers, and driving the market towards a brighter and more efficient future.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.29 Billion |
Market size value in 2031 | USD 2.43 Billion |
Growth Rate | 7.30% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Aircraft Galley Lighting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Galley Lighting Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Galley Lighting Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aircraft Galley Lighting Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20A2199