Market NEWS: The aircraft lightning protection market is projected to grow from USD 4.10 Billion in 2017 to USD 5.52 Billion by 2022, at a CAGR of 6.13% between 2017 and 2022.
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Browse 86 market data Tables and
33 Figures spread through 131 Pages and in-depth TOC on "Aircraft
Lightning Protection Market - Global Forecast to 2022"
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Increased number of
orders for new aircraft across the globe and increase in demand for more
electric aircraft and glass cockpit are major factors driving the aircraft
lightning protection market.
Based on application, the
lightning protection segment is projected to grow at the highest CAGR during
the forecast period.
Based on application, the
lightning protection segment of the aircraft lightning protection market is
projected to grow at the highest CAGR during the forecast period. Lightning
protection comprises different components, such as static wicks, transient
voltage suppressors, and expanded metal foils. These components help in
reducing the extent of damage caused due to lightning strikes on the aircraft.
Based on end user, the civil
segment is projected to grow at a higher CAGR during the forecast period.
Based on end user, the civil
segment of the aircraft lightning protection market is estimated to grow at the
highest rate during the forecast period. The growth of this segment can be
attributed to the civil aviation industry has been witnessing growth over the
past few years, owing to increase in air travel and rise in disposable income
of the middle-class population. Increase in demand for passenger and cargo
flights is one of the most significant factors projected to drive the demand
for aircraft lightning protection devices.
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The retrofit segment is expected
to grow at a higher CAGR during the forecast period.
The retrofit segment of the
aircraft lightning protection market is projected to grow at a higher CAGR as
compared to the linefit segment during the forecast period. The higher growth
rate of the retrofit segment can be attributed to the modification/upgradation
of an aircraft during overhaul period. Major airline companies are focused on
retrofitting the aging fleets of commercial aircraft.
Based on aircraft type, the UAVs
segment is estimated to grow at the highest CAGR during the forecast period
Based on aircraft type, the UAVs
segment is projected to grow at a higher CAGR during the forecast period. The
UAVs segment has witnessed significant growth in the past few years due to increasing
applicability of UAVs in the commercial and defense sectors has boosted the
aircraft lightning protection market. UAVs have less demanding flight profile,
lifetime, and environmental requirements than manned aircraft and hence, the
aircraft lightning protection used in UAVs are smaller in number and of lower
mass as compared to those used in manned aircraft.
The aircraft lightning protection
market in Asia Pacific is expected to witness the highest growth during the
forecast period.
The aircraft lightning protection
market in Asia Pacific is projected to grow at the highest CAGR during the
forecast period. The aviation industry is growing at a significant rate due to
increasing air passenger traffic and improving economic conditions of the region.
The growth in air passenger traffic has resulted in an increased demand for new
lightweight and fuel-efficient aircraft from the region. In addition, emerging
aircraft manufacturers in China, Japan, and India are expected to fuel the
demand for aircraft lightning protection during the forecast period.
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Major companies profiled in the
aircraft lightning protection market report are Cobham (UK), Saab (Sweden), Honeywell (US), L3 Technologies (US),
Microsemi Corporation (US), TE Connectivity (Switzerland), Dayton-Granger (US),
Dexmet (US), Astroseal Products (US), Pinnacle lighting protection (US),
Avidyne (US), and National Technical Systems (US).
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