Aircraft Lightning Protection Market to Exceed USD 3.5 Billion by 2024 (1) - PowerPoint PPT Presentation

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Aircraft Lightning Protection Market to Exceed USD 3.5 Billion by 2024 (1)

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Aircraft Lightning Protection Market is estimated to surpass USD 3.5 billion by 2024; according to a new research report by Global Market Insights, Inc. 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. On an average, commercial airplane fleet face lightning strike once every 1,000 hours of flight time. – PowerPoint PPT presentation

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Date added: 3 April 2019
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Title: Aircraft Lightning Protection Market to Exceed USD 3.5 Billion by 2024 (1)


1
Aircraft Lightning Protection Market to exceed
3.5 bn by 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.
  • Airplane manufactures employ conductive materials
    on external surface to enhance overall
    conductivity of airplane which in turn will fuel
    the aircraft lightning protection market size.
  • 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
The expanded metal foil is placed in structure
above composite material to enhance conductivity,
and grounding wires static wicks are placed on
trailing edges to discharge charge into
atmosphere. Further, employment of static wicks
to transmit static discharges and reduce radio
communication hinderances will positively
influence the aircraft lightning protection
market growth. The interior automotive lighting
market is expected to grow at 7 CAGR from 2018
to 2024. Modern passenger cars and luxury
vehicles deploy advanced LED halogen lamp
components in the interior systems. These
components lend enhanced ambiance and atmosphere
to the modern cars. The implementation of LEDs in
vehicle interiors supports the smart and
intelligent technologies such as automated light
switching, touch-free lighting, and color
consistency.
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
  • HELLA GmbH Co. KGaA
  • Microsemi Corporation
  • Honeywell and Cobham

7
Industry Coverage

8
Regional Insights in Aircraft Lightning
Protection Market
  • 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.
  • 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.

9
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