On the basis of product type, the aircraft lightning protection market 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.
Currently, lightning detection & warning system holds a fair share in the market revenue and is estimated to register a CAGR of above 7% over 2019-2026. Such exponential growth can be attributed to beneficial features offered by these systems, such as monitoring the electric field and triggering warnings during potential lightning situations, which is likely to accelerate product adoption.
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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.
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.
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.
Some Point from Table of Contents:
Chapter 4 Aircraft Lightning Protection Market, By Product
4.1 Aircraft Lightning Protection market product insights
4.2 Lightning Protection
4.2.1 Market estimates and forecast, 2016-2026
4.2.2 Market estimates and forecast, by region, 2016-2026
4.2.3 Expanded Metal Foil
126.96.36.199 Market estimates and forecast, 2016-2026
188.8.131.52 Market estimates and forecast, by region, 2016-2026
4.2.4 Static Wicks/Grounding Wires
184.108.40.206 Market estimates and forecast, 2016-2026
220.127.116.11 Market estimates and forecast, by region, 2016-2026
4.2.5 Transient Voltage Suppressors
18.104.22.168 Market estimates and forecast, 2016-2026
22.214.171.124 Market estimates and forecast, by region, 2016-2026
4.3 Lightning Detection & Warning
4.3.1 Market estimates and forecast, 2016-2026
4.3.2 Market estimates and forecast, by region, 2016-2026
Chapter 5 Aircraft Lightning Protection Market, By End User
5.1 Aircraft Lightning Protection industry end-user insights
5.2.1 Market estimates and forecast, 2016-2026
5.2.2 Market estimates and forecast, by region, 2016-2026
5.3.1 Market estimates and forecast, 2016-2026
5.3.2 Market estimates and forecast, by region, 2016-2026
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