The market for Aircraft Lightning Protection is a critical part of the aerospace industry and as such it’s meant to ensure that aircraft are safe and intact even when they are struck by lightening. The market dynamics are majorly driven by shielding of modern aircraft, which rely more on advanced electronic systems and composite materials that can be damaged by lightning. For aviation, lightning poses a real danger which has created a need for better ways protecting against it as there has been advancements in the design and make-up of aircraft.
Advancement in aircraft technology is the primary driver of the Aircraft Lightning Protection market dynamics. Modern airplanes especially those made using lightweight composite material are more susceptible to negative effects of lightening strikes. In response to this trend, the market offers lightning protection solutions with a balance between weight considerations and effective protection while at the same time ensuring fuel efficiency improvement among other things aimed at reducing weight. These developments have resulted in use of advanced materials like conductive composites/expanding metal foils now to act as discharge or diversion paths for lightning energy away from areas where it could cause damage.
The situation regarding regulatory standards and safety schedules plays an influential part in shaping the dynamics of Aircraft Lightning Protection markets. Various global aviation authorities including Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) require strict regulations on lightening protection. This influences design and installation decisions made by manufacturers based on their adherence to these requirements. Continuous efforts are towards achieving higher than mandated levels thus ensuring that passengers’ safety remains paramount among others.
The changing nature of lightning protection market trends is due largely to the rise in use of composite materials during aircraft production processes. Unlike aluminium, composites have low electrical conductivity making efficient lighting protection difficult hence creating new challenges for this sector. To address this issue, there is an increasing trend towards advanced composite materials containing embedded conductive elements hence increasing both overall conductance and lightening resistance properties for aviation structures. These developments have brought about new ways of addressing the issue of lightening protection.
The market dynamics of Aircraft Lightning Protection are also greatly influenced by the global increase in air traffic and expansion of commercial aviation. This means that with increased flight frequency there is higher probability for an aircraft to be struck by lightning. To keep their operations running without downtime due to lightning-related maintenance issues, airlines and other operators opt to install state-of-the-art lightening protection systems in their fleets. In this regard, there has been much demand for further research into more efficient and cost effective methods of lighting protection in order to support this growing need.
In terms of market dynamics, cooperation and partnerships between aerospace manufactures universities and experts dealing with lightening protection are some common trends. The complexity associated with the designing of effective lightening protection systems calls for a multi-disciplinary approach that combines expertise in material science, electrical engineering and aviation safety among others. These collaborations aim at integrating latest technological innovations into comprehensive lightening protection systems suitable for different aircraft models’ needs.
But despite these strides, challenges still persist in achieving optimum lightning protection without affecting other performance factors in an airplane. Balancing weight, aerodynamics as well as costs against the need for strong lightening will always be a major challenge going forward. Striking a balance is therefore essential for any manufacturer wishing to satisfy all strict demands coming from the aviation industry.”
Aircraft lightning protection systems are software solutions and machines that are equipped with lightning protection materials that prevent the electric field concentration. The probability of aircraft being stuck with lightning is increasing due to the changing severity of the climatic conditions. Also, the increasing inclination toward tourism and travel had increased air passengers traffic in recent times. Such factors have propelled the manufacturers to integrate aircraft lightning protection systems. Also, governmental organizations are imposing stringent regulations to enhance the safety of passengers across the globe.
The growing investment in the development of R and D and the advanced technologies in the market are further stimulating the growth of the aircraft lightning protection industry. The developed countries are enhancing aerial combat and transporting capabilities to enhance productivity. Such factors are expected to boost the overall growth of the aircraft lightning protection industry during the forecast period.
The pandemic has reduced the production rates of several industries, similarly, the production operations regarding aircraft have also reduced during the pandemic. It has also caused several disruptions in the supply and chain processes. The cancellation of the flights and the complete shutdown had reduced the revenue processes and has brought in a huge monetary loss and revenue down. Such factors have influenced the growth of the aircraft lightning protection market negatively.
The potential benefits of the lightning protection systems such as the vulnerability of the components used in the aircraft that demand protection such as power feeders that are controlled electronically, generators, fuel valves, electrical distribution systems, and significant others. This protective system helps in saving a huge revenue in the aircraft manufacturing industry. Such factors are considered the major market drivers of aircraft lightning protection market growth.
Other benefits such as avoiding delays in the performance, reduction in interruptions, and reduction in the strike significance and significant others have propelled the manufacturers to utilize the aircraft protection system which is considered the primary driver for the industry. Moreover, the increasing inclination of consumer spending towards tourism and travel in recent years is propelling the overall growth of the aircraft lightning protection industry.
The manufacturers of aircraft lightning protection systems are incorporating advanced features such as detection and warning features. Moreover, they are also utilizing metal foils, static wicks and grounding wires, and voltage suppressors for efficient detection and warning. They are also integrating advanced sensor systems for early detection and warning. Such factors and the ongoing research in the industry are presenting a lucrative opportunity for the overall growth of the aircraft lightning protection industry during the forecast period.
The manufacturers are increasingly adopting composite structures for aircraft building and cost-efficient materials for their structure and performance. Such factors are presenting lucrative opportunities for the overall growth of the aircraft lightning protection industry during the forecast period.
Market Restraints:
Acquiring the insurance policies for aircraft lightning protection systems is considered a tedious task and several providers don’t offer policies related to the credits and incentives. Such factors are considered major restraints of aircraft lightning protection market growth.
The issues and complexities related to the maintenance and the regulations imposed for the operation and installation of the lightning protection systems are considered the major restraints of aircraft lightning protection market growth. Moreover, the emerging backlogs in aircraft deliveries are also expected to hinder the overall growth of the aircraft lightning protection industry.
Market Challenges:
The setting up of the lightning protection systems in the aircraft require trained professionals who are expected to possess LPI certification. The lack of skilled and certified professionals across developing countries is considered the major challenge for the overall growth of the aircraft lightning protection industry.
The requirement of UL-Listed materials and the standardized methods for the installation which comply with the standards pronounced by LPI, NFPA, and UL are considered the major challenge for the manufacturers and thereby considered the major challenge for the aircraft lightning protection market growth.
Cumulative Growth Analysis:
The market value of the aircraft lightning protection industry was at USD 3099.2 million in the year 2019 and is expected to surpass the market value of over USD 3338.9 million by the year 2027 while registering a CAGR of 3.1% during the forecast period. The growth of the commercial aircraft segment in several developed countries since the year 2019 with over 4.5 billion people traveling in commercial aircraft is considered the major driver of aircraft lightning protection market growth. Tourism and the growing disposable income across the developed countries combined with the economic statuses are presenting lucrative opportunities for the overall growth of the aircraft lightning protection industry.
In the year 2019, one of the developed market players, Air France- KLM had joined Airbus in an agreement to modernize the fleets for 60 of the A 220-300 aircraft. In the year 2020, Avolon Company had placed an order for nearly 9 commercial aircraft from the existing product lines. Such procurement of the leading companies and the design modifications are considered the major drivers of aircraft lightning protection market growth.
Value Chain Analysis:
The growth of the aircraft lightning protection industry is influenced by the growing number of orders for new aircraft across developed countries and the demand for electric aircraft is also growing. Such factors are considered the major drivers of aircraft lightning protection market growth. Moreover, the key benefits of the aircraft lightning protection systems such as lightning protection, detection, warning systems, and test services are propelling the overall growth of the aircraft lightning protection industry. The manufacturers are also building key components efficiently such as static wicks, transient voltage suppressors, and metal foils which potentially reduces the damage to the aircraft that are caused by lightning.
Moreover, the increasing demand across the civil and military sectors across the globe and the increasing growth of the civil aviation industry in developed countries are bolstering the aircraft lightning protection market growth. The cargo flights and passenger flights are also gaining momentum as the passenger traffic is increasing, moreover, the tourism industry is also showcasing varied strategies in recent times that are propelling the overall growth of the aircraft lightning protection industry.
Segment Overview:
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Regional Analysis:
Currently, North America is dominating the aircraft lightning protection market share among other potential regions. This is due to the increasing procurement across the United States concerning the military and commercial demand. Several statistics show that the United States has been showcasing a large number of air travel and the air passenger traffic has increased significantly. Several commercial airlines have announced their plans towards procuring new aircraft and extending their fleets.
These developments across the commercial segment are driving the overall growth of the aircraft lightning protection industry. Moreover, the procurement for the military segment is also bolstering the overall growth of the aircraft lightning protection industry. For instance, in the year 2019, The defense department of the US had agreed to purchase 478 aircraft from Lockheed martin F-35 lightning II for USD 34 billion. Moreover, countries like Canada had announced their replacement of aging aircraft and fleets.
On the other hand, the increasing aircraft production rate across the countries, because of the ever-growing demand has also presented a lucrative opportunity for the overall growth of the aircraft lightning protection industry during the forecast period.
Competitive Landscape:
Recent Developments:
In the year 2019, one of the leading market players, PPG had joined hands with Dexmet corporation which is known for the specialized materials used to manufacture the surfaces in the aerospace industry. Since PPG had acquired the surface manufacturing company, they had expanded their critical application areas and the enhanced their aircraft lightning strike protection facility.
In the year 2018, one of the leading market players, Microsemi corporation had introduced a lightning protection device which is named Transient voltage suppressor which comes in large plastic area devices packages. It was announced that it met the standards imposed by the RTCA DO-160E multi-strike standards.
Report Overview:
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