Global Aircraft Lightning Protection Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Aircraft lightning protection Market Overview:
“The global Aircraft lightning protection market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global aircraft lightning protection market report has been segmented on the basis of aircraft type, fit, application, end-user, and region.
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Aircraft lightning protection is a type of protective shield that safeguards aircraft in case of lightning strikes. Aircraft often trigger lightning while flying through heavily charged regions of the cloud.
In the case of lightning, it attaches itself to the extreme ends of an aircraft such as the wing or nose, and the current travels through conductive exterior material and exits from some other extreme end such as a tail.
The Exterior material of aircraft is commonly made up of aluminum, which is a good conductor of electricity, and a light protection system keeps current n the exterior part of the plane.
Aircraft lightning protection Market Dynamics:
Growing demand for aircraft is a major factor driving the growth of the global aircraft lightning protection market. Increasing preference for air travel among individuals coupled growing aviation sector are also factors expected to increase demand for the global market.
Increasing adoption of new technology such as glass cockpit as it provides digital flight instrument displays, typically rather than the analog dials and gauges is another factor fueling the growth of the target market.
Furthermore, the growing use of electrical aircraft, owing to rising environmental concerns are factor expected to boost the growth of the global aircraft lightning protection market in the near future.
However, delivery backlogs of aircraft are a factor that could hamper the growth of the global aircraft lightning protection market. Nevertheless, the growing aviation sector in emerging economies can create high revenue opportunities for players in the target market.
On the basis of end-user, the market is segmented into military and civil. The civil segment is expected to witness high growth over the forecast period, owing to the increasing number of air travel passengers and increasing demand for commercial aircraft.
Market in North America accounts for a major share in terms of revenue and is anticipated to maintain its position over the forecast period. The presence of key players and the high adoption of new technology are factors driving the growth of the target market in this region.
The Europe market is expected to account for the second-highest share in terms of revenue, owing to the growing adoption of electric aircraft in this region. Asia Pacific market is anticipated to witness the fastest growth in terms of revenue over the forecast period, followed by Latin America and the Middle East, and Africa.
Rising disposable income and growing preference for air travel among the middle-class population are factors expected to fuel the growth of the target market in the Asia Pacific region.
Global Aircraft Lightning Protection Market Segmentation:
Segmentation by aircraft type:
- Rotary-wing Aircrafts
- Fixed-wing Aircrafts
- Unmanned Aerial Vehicles (UAVs)
Segmentation by fit:
Segmentation by application:
- Lightning Detection and Warning
- Test Service
- Lightning Protection
- Static Wicks
- Expanded Metal Foils
- Transient Voltage Suppressors
Segmentation by end-user:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Cobham plc
- Saab AB
- NTS Pittsfield
- Dexmet Corporation
- Astroseal Products Manufacturing Corporation
- Dayton-Granger, Inc.
- Pinnacle Lightning Protection, LLC
- Honeywell International Inc.
- L3 Technologies, Inc.
- Avidyne Corporation
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