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Aircraft Lightning Protection Industry Statistics, Analysis & Forecast To 2024

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Title: Aircraft Lightning Protection Industry Statistics, Analysis & Forecast To 2024


1
Aircraft Lightning Protection Market segment in
Retrofit will register 8 CAGR To 2024
2
Key Insights from Aircraft Lightning Protection
Market
  • Adoption of composite materials to reduce overall
    airplane weight and enhance fuel efficiency will
    boost aircraft lightning protection market growth
    during forecast period. The composite materials
    have multiple inherent advantages, but these
    resist current flow that may damage airplane
    structure.
  • 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 size from 2018 to
    2024.
  • Government regulations including Federal Aviation
    Administration (FAA), Military Standards (MIL)
    and Society of Automotive Engineers (SAE) provide
    essential requirements for deployment of
    protective materials in airplane structures to
    enhance conductivity and ensure passenger safety.
    Installation of advanced materials to meet
    regulatory standards will accelerate aircraft
    lightning protection market growth.

3
Continued
Civil end user segment will dominate aircraft
lightning protection market with large airplane
fleet to accommodate air passengers. Increasing
per capita income in conjunction with decreasing
air fares form airline operators to strengthen
customer base has led to surge in flight
iterations thereby increasing product
demand.  Commercial aircraft lighting protection
market accounts for around 35 of overall revenue
in 2017 with strengthening of commercial aviation
industry. Major airplane manufacturers are
increasing deliveries to meet growing demand for
airline fleets from airline operators. For
instance, in 2017, Airbus delivered 718 airplanes
as compared to 688 airplanes in 2016. Continuous
increase in aircrafts will propel product demand
during the forecast period. 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.
4

Latest Research Report On Aircraft Lightning
Protection Market _at_ https//www.gminsights.com/ind
ustry-analysis/aircraft-lightning-protection-marke
t Request for a sample of this research
report _at_ https//www.gminsights.com/request-sample
/detail/2822
5
U.S. Aircraft Lightning Protection Market, By
Aircraft, 2017 2024, (USD Million)

6
Major Companies in Aircraft Lightning Protection
Market
  • The Gill Corporation
  • Saywell
  • L3 Aviation Products
  • Dexmet Corporation
  • Microsemi Corporation
  • Honeywell
  • Cobham
  • Wire Masters
  • The Expanded Metal Company

7
Industry Coverage

8
Regional Insights in Aircraft Lightning
Protection Market
  • North America dominates aircraft lightning
    protection market size 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.

9
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