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.
Regional jets are expected to witness fastest growth over forecast period owing to its increased profitability and easy air services offered to small airplanes. For instance, in 2018, Lufthansa airlines witnessed an addition of CRJ100 jets for connecting eastern and western European cities. Moreover, increasing trading activities across the globe is expected to fuel the growth of business jets, thereby escalating the aircraft lightning protection market volume.
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One of the prominent examples of this trend is the Juno project by Haydale which recently developed the world’s first Graphene Skinned Plane that provides significantly improved lightning-strike protection while cutting down on aircraft weight. Reportedly, the electrical conductivity of these composites has been improved significantly for lightning-strike protection by incorporating functionalized nanoparticles into epoxy resins. In addition to the development of such high-grade airplanes, numerous industry heavyweights such as Airbus have kickstarted their own research and development initiatives which will propel the aircraft lightning protection market trends in the years ahead.
Moreover, the retrofit aircraft lightning protection market is projected to get a massive boost as aircraft manufacturers are being offered with sizeable overhaul and maintenance contracts by prominent military forces. For instance, the Marine Corps has already started offering contracts for portable lightning rods as it was recently discovered that the F-35B variant of U.S. Air Force’s flagship stealth fighter – F-35 Joint Strike Fighter is incapable of handling lightning strikes.
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Some Point from Table of Contents:
Chapter 4. Aircraft Lightning Protection Market, By Product
4.1. Aircraft Lightning Protection Market share by position, 2017 & 2024
4.2. Lightning Protection
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.2.3. Expanded Metal Foil
126.96.36.199. Market estimates and forecast, 2013-2024
188.8.131.52. Market estimates and forecast, by region, 2013-2024
4.2.4. Static Wicks/Grounding Wires
184.108.40.206. Market estimates and forecast, 2013-2024
220.127.116.11. Market estimates and forecast, by region, 2013-2024
4.2.5. Transient Voltage Suppressors
18.104.22.168. Market estimates and forecast, 2013-2024
22.214.171.124. Market estimates and forecast, by region, 2013-2024
4.3. Lightning Detection & Warning
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Aircraft Lightning Protection Market, By End User
5.1. Aircraft Lightning Protection Market share by arrangement, 2017 & 2024
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
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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. For instance, in 2015, Dexmet Corporation launched thinner expanded foils for usage in high performing applications.
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