Global Aircraft Lightning Protection Market is predicted to reach USD 3.09 billion at a CAGR of 3.1% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Aircraft Lightning Protection Market” that contains information from 2020 to 2030. The Global Aircraft Lightning Protection Market is estimated to register a CAGR of 3.1% during the forecast period of 2020 to 2030.
MRFR recognizes the following companies as the key players in the Global Aircraft Lightning Protection Market— LORD Corporation, Gill CorporationDexmet Corporation, Technical Fiber Products Ltd, Cobham Limited, Saab AB, Honeywell International, Inc, L3Harris Technologies, Inc, Microsemi, TE Connectivity, Dayton-Granger Inc, PPG Engineered Materials, Astroseal Products Manufacturing Corp, and Pinnacle Lightning Protection AG.
Aircraft Lightning Protection Market Highlights
Global Aircraft Lightning Protection Market is accounted to register a CAGR of 3.1% during the forecast period and is estimated to reach USD 3.09 Billion by 2030.
Aircraft lightning protection systems typically include conductive paths, such as metallic strips or meshes, placed along the aircraft's exterior surfaces. These paths help to guide the lightning current safely around the aircraft, minimizing the risk of damage. Additionally, components like surge suppressors and bonding conductors are used to redirect and dissipate the electrical energy generated by lightning strikes. Lightning protection is essential for ensuring the structural integrity of an aircraft, preventing disruptions to onboard systems, and safeguarding both the aircraft and its passengers and crew during flight. It is a critical aspect of aircraft design and maintenance to ensure safe and reliable operations, particularly when flying through regions with high lightning activity.
Segment Analysis
The Global Aircraft Lightning Protection Market has been segmented based on End User, Application, Aircraft Type, and Fit.
Based on the End User, the market is segmented into Commercial and Military. The Commercial category dominates the Aircraft Lightning Protection market due to the extensive use of lightning protection technologies in commercial aircraft to ensure passenger safety and maintain operational reliability.
Based on Application, the market is segmented into Lightning Protection, Lightning Detection & Warning, and Test Service. The Lightning Protection category dominates the Aircraft Lightning Protection market due to its central role in safeguarding aircraft and passengers from lightning-induced risks and ensuring operational safety.
Based on Aircraft Type, the market is segmented into Fixed Wing, Rotary Wing, and Unmanned Aerial Vehicles. The Fixed Wing category dominates the Aircraft Lightning Protection market due to its prevalence in various commercial and military fixed-wing aircraft, necessitating effective lightning protection measures for safe and reliable operations.
Based on Fit, the market is segmented into Linefit and Retrofit. The Linefit category dominates the Aircraft Lightning Protection market due to its integral role in ensuring lightning safety measures are incorporated during the aircraft's manufacturing process, catering to industry standards and regulatory requirements.
Regional Analysis
The Global Aircraft Lightning Protection Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Aircraft Lightning Protection Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Aircraft Lightning Protection Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Aircraft Lightning Protection Market comprises of Middle East, Africa, and Latin America.
In the realm of aircraft lightning protection, North America asserts its dominance in terms of market share, outshining other potential regions. This supremacy is attributed to escalating procurement activities in the U.S. that cater to both military and commercial demands. Notably, extensive air travel statistics underscore the U.S. substantial air passenger traffic surge. This surge has prompted numerous commercial airlines to unveil plans for fleet expansion and the acquisition of new aircraft.
These advancements in the commercial sector act as catalysts for the broader growth of the aircraft lightning protection industry. Simultaneously, the military segment's procurement endeavors further contribute to the industry's upward trajectory. For instance, a prime example is the significant 2019 agreement by the US Defense Department to acquire 478 Lockheed Martin F-35 Lightning II aircraft for a staggering USD 34 billion. Beyond the United States, countries like Canada are also making their mark with announcements of fleet replacements and upgrades, further bolstering the industry's overall expansion.
Key Findings of the Study
- The Global Aircraft Lightning Protection Market is expected to reach USD 3.09 Billion by 2030, at a CAGR of 3.1% during the forecast period.
- North America establishes its market leadership by surpassing other potential regions, with this preeminence linked to increasing procurement efforts within the United States. These endeavors cater to the dual demands of both the military and commercial sectors. Noteworthy air travel statistics underscore a significant upswing in air passenger traffic in the U.S., thereby prompting numerous commercial airlines to reveal intentions of fleet expansion and the acquisition of new aircraft.
- Based on the Fit, the Market has been segmented into Linefit holding the largest market in 2020.
- LORD Corporation, Gill CorporationDexmet Corporation, Technical Fiber Products Ltd, Cobham Limited, Saab AB, Honeywell International, Inc, L3Harris Technologies, Inc, Microsemi, TE Connectivity, Dayton-Granger Inc, PPG Engineered Materials, Astroseal Products Manufacturing Corp, and Pinnacle Lightning Protection.
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Companies Covered | 15 |
Pages | 168 |
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