Line-fit segment leads aircraft lightning protection market. The protective materials including expanded metal foil, transient voltage suppressors and grounding wires are installed during airplane fabrication. Ongoing innovations regarding decreasing metal foil weight to aid composite use will support product demand. Further, retrofit will witness sturdy growth with rise in MRO facilities across the globe.
Civil end user segment will dominate aircraft lightning protection market with large airplane fleet to accommodate air passengers. Increasing per capita income in conjunction with decreasing air fares form airline operators to strengthen customer base has led to surge in flight iterations thereby increasing product demand.
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Government regulations including Federal Aviation Administration (FAA), Military Standards (MIL) and Society of Automotive Engineers (SAE) provide essential requirements for deployment of protective materials in airplane structures to enhance conductivity and ensure passenger safety. Installation of advanced materials to meet regulatory standards will accelerate aircraft lightning protection market growth.
Commercial aircraft lighting 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. For instance, in 2017, Airbus delivered 718 airplanes as compared to 688 airplanes in 2016. Continuous increase in aircrafts will propel product demand during the forecast period.
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Moreover, increasing trading activities across the globe is expected to fuel the growth of business jets, thereby escalating the aircraft lightning protection market volume. 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.
In 2017, lightning protection material accounts for over 94% of overall revenue with application to protect airplanes against lightning strikes. The materials are placed in structure as well as on external surface. The expanded metal foil is placed in structure above composite material to enhance conductivity, and grounding wires & static wicks are placed on trailing edges to discharge charge into atmosphere. Further, employment of static wicks to transmit static discharges and reduce radio communication hinderances will positively influence the aircraft lightning protection market growth.
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Commercial airplanes witness lightning strike at least once in a time span of 1,000 hours of flight duration. The amount of the damaged caused to the airplane depends on the amount of energy dissipated, strike duration, and exit & attachment locations. Manufacturers deploy conductive material on the outer surface to improve the airplane conductivity, positively influencing the aircraft lightning protection market growth from 2018 to 2024.
North America dominates aircraft lightning protection market with rise in airplane production and deliveries. Government of Canada and the U.S. Federal Aviation Administration (FAA) regulations regarding empty airplane weight have surged the application of composite materials. Adoption of methods for conductive treatment of composites will enhance product penetration. Asia Pacific 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.
Key industry players of aircraft lightning protection market are The Gill Corporation, Saywell, L3 Aviation Products, Dexmet Corporation, Microsemi Corporation, Honeywell and Cobham. Other important players include Wire Masters, The Expanded Metal Company, Benmetal, Niles Expanded Metal, Exel Group, Proteck devices, Avidyne, Astroseal Products, Dayton Granger, TE Connectivity and Saab. Companies are launching innovative products to increase their market share. For instance, in July 2015, Dexmet Corporation introduces thinner expanded foils for high performance applications.
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