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.
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.
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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.
North America leads the aircraft lightning protection market owing to the 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 is expected to witness around 5% CAGR over the forecast timeframe owing to multiplying number of air passengers. Moreover, the reduction of airfare in developing economies such as India and China by the airline operators will further strengthen regional share.
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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Glimpse of Table of Content (ToC): –
Chapter 5. Aircraft Lightning Protection Market, By End User
5.1. 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
Chapter 6. Aircraft Lightning Protection Industry, By Aircraft
6.1. Market share by aircraft, 2017 & 2024
6.2. Commercial Aircraft
6.2.1. Market estimates and forecast, 2013-2024
6.2.2. Market estimates and forecast, by region, 2013-2024
6.3. Regional Jets
6.3.1. Market estimates and forecast, 2013-2024
6.3.2. Market estimates and forecast, by region, 2013-2024
6.4. Business Jets
6.4.1. Market estimates and forecast, 2013-2024
6.4.2. Market estimates and forecast, by region, 2013-2024
6.5.1. Market estimates and forecast, 2013-2024
6.5.2. Market estimates and forecast, by region, 2013-2024
6.6. Military Aircrafts
6.6.1. Market estimates and forecast, 2013-2024
6.6.2. Market estimates and forecast, by region, 2013-2024
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