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% from 2017 to 2022.

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Based on application, the aircraft lightning protection market has been segmented into lightning protection, detection & warning system, and test services. 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 aircraft lightning protection market has been segmented into civil and military. 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.

Based on fit, the aircraft lightning protection market has been segmented into linefit and retrofit. The linefit segment is projected to grow at a higher CAGR as compared to the retrofit segment during the forecast period. The projected higher growth rate of the linefit segment can be attributed to the increase in aircraft orders as well as deliveries, economic growth across regions, and an increase in air passenger traffic.

Based on aircraft type, the aircraft lightning protection market has been segmented into fixed-wing aircraft (narrow body, wide body, very large aircraft, regional transport, business jet, light aircraft, fighter and transport carriers) and rotary-wing aircraft (civil and military helicopters), unmanned aerial vehicles. The fixed-wing segment is expected to grow due to the increasing demand for new commercial aircraft. Hence, the increase in commercial air travel globally and the rising defense budgets of prominent economies are expected to drive the demand for aircraft lightning protection.

North America is estimated to lead the aircraft lightning protection market in 2017, owing to the presence of major aircraft manufacturers, such as Boeing (US) and Bombardier (Canada). These companies have significant new aircraft orders, which are expected to drive the aircraft lightning protection market. The Asia Pacific aircraft lightning protection market is projected to grow at the highest CAGR during the forecast period. The growing aviation industry, increasing air passenger traffic, and improving economic conditions in the region are driving the market.

Key Players:

Cobham (UK), Saab (Sweden), L3 Technologies (US), Microsemi Corporation (US) Dayton-Granger (US), Dexmet (US), Astroseal Products (US), and National Technical Systems (US) are some of the major market players operating in the aircraft lightning protection market that have an extensive geographical reach and distribution channels.

Contact:

Mr. Salgarkar

MarketsandMarkets™ INC.

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Northbrook, IL 60062

USA: 1-888-600-6441