The Aircraft Lightning Protection Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Lightning Protection Global Market Report 2024, The aircraft lightning protection market size has grown rapidly in recent years. It will grow from $4.7 billion in 2023 to $5.25 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to integration of sensors and detection systems, climate resilience and severe weather events, research and development focus, increase in air traffic.
The aircraft lightning protection market size is expected to see rapid growth in the next few years. It will grow to $7.83 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to market demand for lightweight solutions, automation and sensor integration, globalization and industry growth, R&D investment in lightning protection, focus on climate resilience. Major trends in the forecast period include advanced material development, stringent safety regulations, advancements in aircraft technology, research and development efforts.
Cost-effective air travel is expected to boost the growth of the aircraft lightning protection market. With the increasing cost-effectiveness of flights, more consumers are opting to fly often, this leads to an increase in the manufacturing of aircraft, ultimately propelling the growth of the aircraft lightning protection global market. For instance, in 2021, Frontier Airlines ran a buy-one, get-one promotion, and JetBlue Airways had conducted a three-day sale with fares starting as low as $49 one-way from New York. Moreover, Hawaiian Airlines were offering round-trip airfares between Hawaii and the West Coast for as little as $123. Thus, demand for cost-effective air travel is expected boost to the growth of the aircraft lightning protection market.
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The aircraft lightning protection market covered in this report is segmented –
1)By Application: Lightning Protection, Lightning Detection & Warning, Static Wicks, Expanded Metal Foils, Transient Voltage Suppressors, Test Service
2) By Fit: Line Fit, Retrofit
3) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs)
Major companies operating in the aircraft lightning protection market are focusing on strategic collaboration to provide innovative solutions and ensure superior safety standards. Strategic collaboration refers to a mutually beneficial partnership between two or more independent entities that work together to achieve shared goals aligned with their individual strategic objectives. For instance, in August 2022, Rayong Engineering and Plant Service Co. Ltd., a Thailand-based industrial solutions provider, collaborated with Critical Facility (Thailand) Co. Ltd., a Thailand-based provider of lightning protection technologies for industrial and commercial enterprises. Through this collaboration, companies will deliver an advanced integrated lightning protection solution to elevate safety standards for operators in industrial plants and prevent damage to equipment and machinery, which may result in operational disruptions. The service will be offered to customers across major industries, such as petrochemicals and chemicals, energy, food, beverages, and medicine, packaging, automotive, and electronics, in various countries in Southeast Asia, from Thailand, Vietnam, Indonesia, and Cambodia to the Lao People’s Democratic Republic.
The aircraft lightning protection market report table of contents includes:
1. Executive Summary
2. Aircraft Lightning Protection Market Characteristics
3. Aircraft Lightning Protection Market Trends And Strategies
4.Aircraft Lightning Protection Impact Of COVID-19
5.Aircraft Lightning Protection Market Size And Growth
6.Aircraft Lightning Protection Segmentation
7.Aircraft Lightning Protection Regional And Country Analysis
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27.Aircraft Lightning Protection Competitive Landscape And Company Profiles
28.Aircraft Lightning Protection Key Mergers And Acquisitions
29.Aircraft Lightning Protection Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- United Parcel Service Inc.
- The Boeing Company
- Airbus SE
- Honeywell International Inc.
- PPG Industries Inc.
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UpMarketResearch offers a latest published report on “Global Aircraft Lightning Protection System Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
The report contains basic, secondary and advanced information pertaining to the Aircraft Lightning Protection System global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2018 - 2025.The scope of the report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
The major manufacturers covered in this reportCobhamSaabHoneywell InternationalL3 TechnologiesMicrosemi CorporationTE ConnectivityDayton-GrangerDexmet CorporationAstroseal Products Manufacturing Corporation (Astrostrike)Pinnacle Lightning ProtectionAvidyneNational Technical Systems (NTP)Lord Corporation Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, coveringNorth AmericaEuropeChinaJapanRest APACLatin America On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split intoExpanded Metal FoilsStatic WicksTransient Voltage SuppressorsOthers By Application, the market can be split intoCivilMilitary The Report covers in-depth analysis as follows:Chapter 1 Overview of Aircraft Lightning Protection SystemChapter 2 Global Market Status and Forecast by RegionsChapter 3 Global Market Status and Forecast by TypesChapter 4 Global Market Status and Forecast by Downstream IndustryChapter 5 Market Driving Factor Analysis of Aircraft Lightning Protection SystemChapter 6 Aircraft Lightning Protection System Market Competition Status by Major ManufacturersChapter 7 Aircraft Lightning Protection System Major Manufacturers Introduction and Market DataChapter 8 Upstream and Downstream Market Analysis of Aircraft Lightning Protection SystemChapter 9 Cost and Gross Margin Analysis of Aircraft Lightning Protection SystemChapter 10 Marketing Status Analysis of Aircraft Lightning Protection SystemChapter 11 Report ConclusionChapter 12 Research Methodology and Reference Buy this report@ https://www.upmarketresearch.com/buy/Aircraft-Lightning-Protection-System-Global-Market-Status-and-Trend-Report-2013-2023 “Global Aircraft Lightning Protection System Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
Global Aircraft Lightning Protection Market report published by Accurize Market Research forecast that the global market is expected to reach $27 billion by 2025.
Moreover, the emergence of new aircraft manufacturers in Asia-Pacific region, and aviation guidelines and authorization standards about the use of Lightning Strike Protection (LSP) in aircraft also boosts the growth of the market.Market SegmentationThe global aircraft lightning protection market is segmented based on aircraft type, fit, application, end-user, and geography.
Application segment includes lightning detection & warning, lightning protection (expanded metal foils, static wicks, transient voltage suppressors), and test service.
Furthermore, military and civil are the bifurcations of end-user.By geography, the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW).
Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.“UAVs, by aircraft type anticipated to grow at the highest CAGR between forecast period,” says AccurizeBy aircraft type, UAVs is expected to grow with fastest CAGR owing to less demanding flight profile, lifetime, and environmental requirements than manned aircraft.
Moreover, UAVs segment has witnessed significant growth in the past few years due to the increasing applicability of UAVs in the commercial and defense sectors has boosted the aircraft lightning protection market.“Retrofit, is anticipated to gain the fastest CAGR between 2017 and 2025,” says AccurizeOn the basis of the fit segment, retro fit segment is projected to attain the fastest CAGR over the forecast period.
