Aircraft lightning Protection market is anticipated to grow at a significant CAGR of 5.5% during the forecast period (2022-2028). One of the major factors contributing to the growth of the global aircraft lightning protection market is the increasing number of R&D activities to develop new polymers and innovative theories that would increase the market penetration in the upcoming forecast year. For instance, the growing use of composite body airframes has grown due to the developments in transit voltage suppressors provide large plastic area devices that are up to the RTCA DO-160E multi-strike lightning standard. These industrial values are supported by the strict safety norms enforced by many regulatory bodies to improve the integration of protective materials in fuel efficiency and aircraft infrastructure. The aircraft lightning protection norms are continuously developed by regulatory bodies such as European Aviation Safety Agency (EASA) and Federal Aviation Administration.
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Another driver for the growth of the global aircraft lightning protection market is the increased aircraft production due to the rising air passenger traffic and the necessity to replace old aircraft fleets would significantly increase the market growth of the global aircraft lightning protection industry. The number of air passengers is expected to be nearly eight billion in the year 2036, according to the International Air Transport Association (IATA), which is double passengers traveling by air in 2018. For instance, in January 2019, Bombardier Inc. received an order of 120 new aircraft by JetBlue, displaying the growth in aircraft manufacturing which will propel the growth of the global aircraft lightning protection market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Aircraft Lightning Protection Market by Type
- Fixed Wing
- Rotary Wing
- Unmanned Aerial Vehicle (UAVs)
Global Aircraft Lightning Protection market by Fit
- Line Fit
- Retrofit
Global Aircraft Lightning Protection Market by Application
- Test Service
- Lightning Detection & Warning
- Lightning Protection
Global Aircraft Lightning Protection Market by End-User
- Civil
- Military
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Avidyne
- Benmetal
- Microsemi Corp.
- NTS Technical Systems
- Saab AB
- L3Harris Technologies, Inc.
- Parker Online Services
- Gill Corp.
- Technical Fiber Products Ltd (James Cropper PLC)
- Honeywell International Inc.
- Weather Guard Lightning Tech
- Pinnacle Lightning Protection, LLC.
- PPG Industries Inc.
- Parker Hannifin
- Niles International LLC.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Lightning Protection market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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