Report ID: SQMIG20A2199
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.
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Report ID: SQMIG20A2199