Aircraft Lightning Protection Market Will be Dominated by the Civil Segment Over the Coming Years

According to Global Market Insights, Aircraft Lightning Protection Market provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Aircraft Lightning Protection Market.

2017 Market Size – USD 2.5 Billion

Compound annual Growth Rate (CAGR)– 5%

2024 Forecast Value – USD 3.5   Billion +

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Civil segment dominated the aircraft lightning protection market owing to its large airplane fleet accommodating air passengers. Increasing disposable income and reduced airfare is enabling the operators to strengthen its customer base, thereby resulting in increase of flight iterations. The rising flight iterations is expected to support the industry revenue generation till 2024.

Highlights of this report: 

Base Year: 2017

Growth Projections – 2018 to 2024

Historical data coverage:  2013 to 2017

Number of Pages – 300

Data Tables – 361

Continuous rise in air passengers is attributing to increase in aviation vessel requirements. As per International Air Transport Association (IATA), by 2036, the air passengers are anticipated to reach 7.8 billion. Passengers are shifting towards air transportation from sea and land transportation owing to better safety and less travel duration. Further, the major aviation industry players are undergoing expansion to meet previous production backlog. Such factors will propel aircraft lightning protection market from 2018 to 2024.

Regional jets aircraft lightning protection market will foresee steady growth as it enhances profitability and offer critical and convenient air service to small airliners. For instance, in February 2018, Lufthansa airlines has added CRJ100 jets to connect to western and eastern European cities from its hub in Hamburg, Dusseldorf, Munich and Frankfurt. Further, the business jets industry share will grow with rise in trading activities across the globe.

Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:

  • Cobham
  • Saab
  • Honeywell
  • TE Connectivity
  • Dayton Granger
  • Dexmet Corporation
  • Astroseal Products
  • Avidyne
  • All Weather Inc.
  • L3 Aviation Products
  • Saywell
  • Cooper Antennas
  • Protek Devices
  • Exel Group
  • Niles Expanded Metals
  • Benmetal
  • Detect Inc.
  • The Expanded Metal Company
  • The Gill Corporation

North America dominates aircraft lightning protection market with rise in airplane production and deliveries. Government of Canada and the U.S. Federal Aviation Administration (FAA) regulations regarding empty airplane weight have surged the application of composite materials. Adoption of methods for conductive treatment of composites will enhance product penetration. Asia Pacific will register around 6% CAGR over projected timeline with increasing passenger traffic. The airline operators are reducing airfare in countries including China and India thereby enhancing product requirement.

Aircraft Lightning Protection Market Segmentation:

Aircraft Lightning Protection Market by Product

  • Lightning Protection
    • Expanded Metal Foil
    • Static Wick/Grounding Wire
    • Transient Voltage Suppressors
  • Lightning Detection & Warning

Aircraft Lightning Protection Market by End User

  • Civil
  • Military

Aircraft Lightning Protection Market by Aircraft

  • Commercial Aircraft
  • Regional Jet
  • Business Jet
  • Helicopter
  • Military Aircraft

Aircraft Lightning Protection Market by Fit

  • Line-Fit
  • Retrofit

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Research Methodology:

At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Key customers and B2B clients