Aircraft Lightning Protection Market will observe substantial demand from 2019 to 20226

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Aircraft Lightning Protection Market Is Forecast
To Cross The USD 3.8 Billion Mark By 2026 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2

• Aircraft Lightning Protection Market Scenario

• APAC aircraft lightning protection market to
  register a notable CAGR of above 6 over
  2019-2026
• Rise in number of protection measures undertaken
  by airliners to avoid delays, interruptions, as
  well as reduce the impact of lightning strikes,
  is likely to drive global aircraft lightning
  protection market. Technology advancements in
  aircraft configuration with respect to mechanism,
  design, and material to make them safer, lighter
  and efficient may further boost industry
  expansion.
• Changing consumer perceptions towards air travel
  as a faster, safer, and cost-effective
  transportation will boost expansion of air
  fleets. This may promote the demand for
  manufacturing of safer aircrafts. Extensive
  efforts to expand commercial airline fleets due
  to increasing air passengers across the world
  will positively impact industry growth.
• Growing usage of low-cost carriers, as well as
  development of cost-effective solutions against
  lightning strikes, will also supplement expand
  aircraft lightning protection industry share over
  the coming years. Aircraft lightning protection
  industry is forecast to cross the USD 3.8 billion
  mark by 2026.

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Regional Analysis of Aircraft Lightning
Protection Market

• APAC region is slated to be the fastest growing
  regional market for aircraft lightning protection
  materials and is forecast to showcase growth rate
  of more than 6 over the analysis period. This
  can be attributed to the steady increase in air
  passenger traffic in the region. With rapid
  urbanization and growing disposable incomes of
  the population is increasing, and hence the
  preference for air travels. Growing demand for
  passenger aircrafts in the region may positively
  impact industry growth.
• Aircraft lightning protection materials are
  deployed in a wide range of applications in civil
  and military aviation. These materials are
  essential for military aircrafts because
  lightning accidents can take the airplane out of
  service for an extended period of time which can
  be a potential risk for the sector as well as
  nations. Escalating government spending on
  military defense aviation sector, as well as
  increasing defense budgets in various countries,
  such as the U.S., China, Russia, the UK, and
  India is likely to favor industry expansion.
  Military end-use sector is forecast generate a
  revenue of over USD 380 million over the forecast
  timespan.

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• Application Analysis of Aircraft Lightning
  Protection Market
• On the basis of product type, the aircraft
  lightning protection industry is categorized into
  lightning protection, and lightning detection
  warning system. Lightning protection segment is
  further bifurcated into grounding wire/static
  wick, expanded metal foil, and transient voltage
  suppressors.
• Based on aircraft type, aircraft lightning
  protection industry is branched into commercial
  aircrafts, regional jets, business jets, military
  aircrafts, and helicopters. Shift in passenger
  preference for air travel will favor the
  expansion of regional jets. Moreover,
  modification and upgradation of ageing aircrafts
  for safety purpose may also change business
  outlook. From regional jet segment, aircraft
  lightning protection materials market is
  estimated to accumulate gains at more than 8
  CAGR over the forecast period.

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Competitive Market Share of Aircraft Lightning
Protection Market

• Aircraft lightning protection materials market is
  a fragmented one with a large number of
  manufacturers present globally. Key players
  contributing towards the industry expansion
  include Cobham, Honeywell, Microsemi Corporation,
  L3 Aviation Products, The Gill Corporation,
  Saywell, and Dexmet Corporation.

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