MarketersMEDIA / Newsroom / The revenue of aircraft lightning protection market to hit $3500 million by 2024

The revenue of aircraft lightning protection market to hit $3500 million by 2024

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Civil segment dominated the aircraft lightning protection market owing to its large airplane fleet accommodating air passengers.

— North America leads the aircraft lightning protection market owing to increasing production and deliveries of airplanes. Government of the U.S & Canada and FAA introduced regulations regarding the weight of empty plane which will surge the application for composite materials. Implementation of procedures regarding conductive treatment for composites will increase the product demand.

Asia Pacific aircraft lightning protection market will register around 6% CAGR over projected timeline with increasing passenger traffic. The airline operators are reducing airfare in countries including China and India thereby enhancing product requirement.

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Aircraft lightning protection market participants include Microsemi Corporation, Cobham, Saywell, Dexmet Corporation, The Gill Corporation, L3 Aviation Products and Honeywell. Other notable players are Saab, Dayton Granger, The Expanded Metal Company, Wire Masters, TE Connectivity, Benmetal, Exel Group, Niles Expanded Metal, Astroseal Products, Avidyne, and Proteck devices. Companies are focusing on launching advanced products for improving market position.

Lightning protection material dominated the industry and accounted for 94% of overall revenue in 2017. The materials are deployed on the outer surface and in structure for protecting the airplanes against lightning strikes. The static wicks and grounding wires are positioned on the trailing edges for discharging the charge into atmosphere. While expanded metal foil is positioned in the structure above composite material for improving the conductivity. Moreover, deployment of static wicks to reduce hinderances in radio communication and transmitting static discharges will propel the aircraft lightning protection market demand over the forecast period.

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Civil segment dominated the aircraft lightning protection market owing to its large airplane fleet accommodating air passengers. Increasing disposable income and reduced airfare is enabling the operators to strengthen its customer base, thereby resulting in increase of flight iterations. The rising flight iterations is expected to support the industry revenue generation till 2024.

Commercial aircraft lightning protection market accounts for around 35% of overall revenue in 2017 with strengthening of commercial aviation industry. Major airplane manufacturers are increasing deliveries to meet growing demand for airline fleets from airline operators.

Line-fit segment from the aircraft lightning protection market contributed for highest revenue share in 2017. This can be attributed to deployment of lightning protective materials for ensuring the airplane safety. Protective materials including transient voltage suppressors, grounding wires, and expanded metal foils are deployed on the airplane during fabrication. Continuous efforts for reducing the weight of metal foil and improving the conductivity will further support the product demand. Moreover, retrofit segment will foresee sturdy growth owing to the rising MRO facilities.

Browse key industry insights spread across 300 pages with 361 market data tables & 12 figures & charts from the report, “Aircraft Lightning Protection Market Size By Product (Lightning Protection {Expanded Metal Foil, Static Wick/Grounding Wire, Transient Voltage Suppressors}, Lightning Detection & Warning), By End User (Civil, Military), By Aircraft (Commercial Aircraft, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Fit (Line-Fit, Retrofit), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aircraft-lightning-protection-market

Table of Contents (ToC) of the report:
Chapter 7. Aircraft Lightning Protection Market, By Fit
7.1. Global Market share by distribution channel, 2017 & 2024
7.2. Line-Fit
7.2.1. Market estimates and forecast, 2013-2024
7.2.2. Market estimates and forecast, by region, 2013-2024
7.3. Retrofit
7.3.1. Market estimates and forecast, 2013-2024
7.3.2. Market estimates and forecast, by region, 2013-2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/aircraft-lightning-protection-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Release ID: 515300

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