Growing use of composite in airplane structural parts to lower weight and enhance fuel efficiency will primarily drive aircraft lightning protection market size during forecast period. An aircraft comprises of around 50% composites in its structure. The composites have low electrical conductivity that may cause serious damage during the lightning strike. Further, the damage caused may affect airline operations causing service interruptions and costly delays. Airplane manufacturers install lightning protection materials to enhance conductivity and safeguard passengers. These factors will propel market growth over the study timeframe.
Lightning protection will be the leading product segment during the forecast period
Lightning protection holds the largest share in the industry with increasing adoption of expanded metal foils, grounding wires and transient voltage suppressors in structures and avionics system to protect against strikes. The products have major application in electrically controlled systems including fuel valves, power feeders, electrical distribution systems and generators. Transient voltage suppressors are widely used for critical units such as actuator control, flight control and multiple engine controls.
Among end-users, civil segment is expected to grow at the highest CAGR
The growth rate is owing to the prevailing civil aviation industry. Rise in discretionary income and per capita spending in middle-class population is continuously attributing to growth in air passengers. Further, increasing cargo fleets is playing a significant role in industry growth. The military segment will foresee strong growth with an upsurge in defence spending. For instance, in 2018, the U.S. has planned to spend over USD 10 billion for stealth jets.
North America to dominate the Aircraft Lightning Protection Market in the forecast period
North America is a leader in the Aircraft Lightning Protection Market and is expected to hold the largest share of the Aircraft Lightning Protection Market – The growth rate is owing to the presence of large number of airplane manufacturers including Boeing, Bombardier and Lockheed Martin. Florida faces around 100 thunderstorm days per year that may hinder airline operations. The OEMs are employing protective materials in structural components to ensure passenger safety and meet regulatory standards. Europe will foresee healthy growth with regular innovation regarding lowering airplane weight to adhere to regulations regarding carbon emissions.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Aircraft Lightning Protection Market by Product (Lightning Protection {Expanded Metal Foil, Static Wick/Grounding Wire, Transient Voltage Suppressors}, Lightning Detection & Warning), by EEnd-User(Civil, Military), by Aircraft (Commercial Aircraft, Regional Jet, Business Jet, Helicopter, Military Aircraft), by Fit (Line-Fit, Retrofit) and Region (North-America, Europe, Asia Pacific, Latin America, Middle East and Africa)”.
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