Aircraft Lightning Protection Market Size
Aircraft Lightning Protection Market size was worth USD 3.09 billion in 2019 and will grow at a CAGR of 3.1% during the forecast period of 2020 to 2026.
Positive trends related to the tourism industry will drive the industry growth.
To obtain key market trends
Growing aircraft production due to increased air passenger traffic and need to replace old aircraft fleets will drive the market growth. JetBlue placed an order in January 2019 to buy 120 aircraft from Bombardier, Inc. As per the International Air Transport Association (IATA), the air passengers will be approximately eight billion by 2036, which is approximately twice of the projected four billion air passengers in 2018. These above-mentioned trends will boost airplane manufacturing, thus initiating the product sales in the future.
Increased R&D efforts to suggest new theories and the creation of new polymers will drive market penetration in the next few years. Strict safety regulations by various regulatory agencies for the incorporation of protective materials into aircraft structures and fuel efficiency will enhance industry value. Regulatory agencies such as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) are regularly evolving aircraft lightning protection regulations.
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Aircraft Lightning Protection Market Report Attributes
Report Attribute Details
Base Year 2019
Aircraft Lightning Protection Market Size in 2019 3,099.2 Million (USD)
Forecast Period 2020 to 2026
Forecast Period 2020 to 2026 CAGR 3.1%
2026 Value Projection 3,338.9 Million (USD)
Historical Data for 2016 to 2019
No. of Pages 275
Tables, Charts & Figures 387
Segments covered Product, End-user, Aircraft, Fit, Region
Growth Drivers:
Rising aircraft production and R&D for lightning protection
Rising demand for low cost carriers and cost-effective solutions development
Rising air passenger traffic and defense aircrafts
Growing demand for single aisle aircraft fleet in conjunction with infrastructure growth
Growing number of business jets in addition to increasing tourism industry
Pitfalls & Challenges
Aircraft manufacturing setup cost is high due to lightning protection
What are the opportunities for growth in this market?
The arrival of new aircraft manufacturers with lightning protection materials, including carbon laminate composite and fiberglass, has played a major role towards aircraft manufacturing facility setup cost. Lightning protection testing includes using high current and voltage generation. The tests are conducted in electrical testing laboratories by trained operators. The limited facilities coupled with expertise requirement are some of the few factors that will continue to have a negative impact on the industry growth.
Aircraft Lightning Protection Market Analysis
Transient voltage suppressors segment of the aircraft lightning protection market held over USD 2.5 billion in 2019. An active aircraft protection system is in growing demand to react to brief or transient overvoltage situations. Transient voltage suppressor diodes provide essential protection in a matter of nanoseconds after a strike by clamping the transient voltage. These systems safeguard key flight applications with respect to multiple engine control units, flight control systems, and actuator controls. In addition, strict regulation mandating the compulsory replacement of parts after a conclusive flight cycle in order to ensure airworthiness will further enhance product growth.
The market for lightning protection systems for passenger aircraft is anticipated to increase by around 3% annually until 2026. This is owing to big airlines such as Boeing and Airbus incorporating more lightning protection systems in their aircraft. Lightning strikes have a lot of power that can hurt an airplane’s body, which may result in costly repairs. Also, airlines are more interested in the safety of their passengers, and this is compelling them to install the newest safety features on their aircraft. Large plane manufacturers such as Boeing and Airbus are also testing their own lightning defense systems to ensure that they are effective. They also employ metal plates and wire mesh for covering and protecting the composite components of their aircraft from lightning strikes.
Find more about the major segments defining this market
In 2019, the business jets segment had over 20% of the aircraft lightning protection market share due to the growth in inter-continental business operations. Expansion of businesses geographically has resulted in an increase in traveling across regions, thus driving the industry size in the near future. Utilization of composite materials in business jets to protect against current flow during lightning will also increase the growth of the segment.
The line-fit segment captures more than 90% of the revenue share driven by installation of conductive materials to protect airplane structure against lightning strikes. Manufacturers of aircraft are developing systems and components such as expanded metals that are resistant to & can dissipate electrical discharge of strikes and offer instantaneous weight savings on lightning protection components. Players in the market are spending on R&D to improve electrical conductivity. OEMs are producing goods, including transient voltage suppressors, static wicks, and expanded metal foils, to provide a solution beyond the deficits of composite materials, hence ensuring a positive growth in the market value.
Read more about the major segments influencing this market
North America aircraft lightning protection market is poised to expand at more than 3% CAGR through 2026 impelled by the presence of key aircraft manufacturers in North America offering a wide range of aircraft. Rising aircraft production to cater to the ever-growing consumer demand is further leveraging industry growth over the forecast period. Advancements in technologies of aircraft production such as enhanced use of composite materials and reduction of the overall weight of the system are forcing periodic updates on strict lightning safety guidelines.
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Aircraft Lightning Protection Market Share
Some of the prominent companies operating in the aircraft lightning protection market are
- Honeywell International, Inc.
- Saab
- Cobham
- Dayton-Granger, Inc.
- TE Connectivity
- Astrosela Products
- Dexmet Corporation
- L3 Aviation Products
- Avidyne
- All Weather, Inc.
- Saywell
- Protek Devices
These manufacturers are forming alliances, investing in research & development activities, and expanding product portfolio to gain an advantage over their competitors.
