Segmentation:

The global market for airborne lightning detection system has been segmented on the basis of equipment, aircraft type, end user, and fit. Based on equipment, the global airborne lightning detection system market has been segmented into lightning sensor, lightning processor, and lightning display. The lightning sensor segment commands the major share of the global airborne lightning detection system market and is marked to exhibit significant expansion at the highest growth rate during the assessment period owing to the high adoption of these sensors.

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Based on aircraft type, the global airborne lightning detection system market has been segmented into fixed-wing, rotary-wing, and UAV. The fixed-wing segment is anticipated to be the largest and fastest-growing segment during the review period owing to the rapid rise in demand for new commercial and military aircraft and the increasing defense budgets in the countries such as the U.S., China, and Germany.

Key Players:

The prime players profiled by Market Research Future (MRFR) that are operating in the global airborne lightning detection system market are Aselsan AS (Turkey), BAE Systems (the U.K.), United Technologies Corporation (the U.S.), Elbit Systems Ltd (Israel), Sarasota Avionics International (the U.S.), Northrop Grumman Corporation (the U.S.), Raytheon Company (the U.S.), RUAG Group (Switzerland), Saab AB (Sweden), and Terma (Denmark).

Regional Analysis:

Geographically, the global airborne lightning detection system market has been segmented into five major regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Europe region is anticipated to command the major share of the global airborne lightning detection system market during the assessment period owing to the increased space exploration activities, rise in government funding for carrying out extensive research and development, and increasing emphasis on disaster management through weather forecast in this region. Presence of leading aircraft manufacturers such as Bombardier and Boeing and increased space exploration activities by various space research organizations are propelling the growth of the airborne lightning detection system market in the North America region.

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