Global Aircraft Lightning Protection Market, By Application (Test Service, Lightning Detection and Warning and Lightning Protection), End User (Civil and Military), Aircraft Type (Fixed Wing, Rotary Wing and Unmanned Aerial Vehicles (UAVs)), Fit (Line-Fit and Retrofit), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Aircraft Lightning Protection Market
Data Bridge Market Research analyses that the aircraft lightning protection market would exhibit a CAGR of 6.30% for the forecast period. Rising amount of new aircraft orders and subsequently growth in the production of aircrafts especially in the emerging economies, shifting and improving economic conditions of certain economies around the globe, digitalization over glass cockpit, increased focus of the manufacturers over innovative lighting protection systems and rising emphasis on the intelligent aircraft manufacturing are the major factors attributable to the growth of car bulb market. This signifies that, the global aircraft lightning protection market would stand tall by USD 6.59 billion by the year 2028.
Aircraft lighting protection refers to a protective shield that is installed with a view to protect and safeguard the aircrafts in case of lightning strikes. Aircraft lighting protection is crucial as its absence can lead to damaging of assets and components such as generators, fuel valves, electronically controlled power feeders and others.
Growth in the demand for air travel among individuals has resulted in growth in the market value. Growth and expansion of aviation industry especially in the developing economies coupled with surge in the number of passengers or travellers on daily basis will also create lucrative growth opportunities for the market. Increasing safety related regulations imposed by the government will also foster the market growth. Increased focus of the manufacturers on innovating with the lighting protection technology and surge in the use of electrical aircrafts, owing to rising environmental concerns will further carve the way for the growth of market.
However, delayed delivery of new aircrafts will pose a major challenge to the market growth rate. Also, fluctuations in the prices of raw materials will hamper the market growth rate. High costs associated with advanced lighting protection technology will further restrict the scope of growth for the market.
This global aircraft lightning protection market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aircraft lightning protection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aircraft Lightning Protection Market Scope and Market Size
The global aircraft lightning protection market is segmented on the basis of application, end user, aircraft type and fit. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of application, the aircraft lightning protection market has been segmented into test service, lightning detection and warning and lightning protection. Lighting protection segment is sub-segmented into expanded metal foils, static wicks and transient voltage suppressors.
- On the basis of end user, the aircraft lightning protection market is segmented into civil and military.
- On the basis of aircraft type, the aircraft lightning protection market has been segmented into fixed wing, rotary wing and unmanned aerial vehicles (UAVs). Fixed-wing aircraft segment is sub-segmented into narrow body aircraft, regional transport aircraft, wide body aircraft, very large aircraft, business aircraft, light aircraft, fighter aircraft, military transport aircraft and fighter jets. Rotary wing aircraft segment is sub-segmented into civil helicopters and military helicopters.
- On the basis of fit, the aircraft lightning protection market has been segmented into line-fit and retrofit.
Aircraft Lightning Protection Market Country Level Analysis
The aircraft lightning protection market is analysed and market size insights and trends are provided by country, application, end user, aircraft type and fit as referenced above.
The countries covered in the aircraft lightning protection market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the aircraft lightning protection market and will continue to flourish its trend of dominance during the forecast period owing to the presence of major players and high adoption rate of new technology. Asia-Pacific region is set to witness unprecedented growth during the forecast period and score the highest CAGR. This is because of the growth and expansion of aviation industry in this region and growing adoption of electric aircraft in this region.
The country section of the aircraft lightning protection market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Aircraft Lightning Protection Market Share Analysis
The aircraft lightning protection market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aircraft lightning protection market.
The major players covered in the aircraft lightning protection market report are Cobham Limited, Honeywell International Inc., Saab AB, L3Harris Technologies, Inc., National Technical Systems, Avidyne Corporation, Astroseal Products Manufacturing Corp., PPG Engineered Materials, Parker Hannifin Corp, Microsemi, Pinnacle Lighting Group., TE Connectivity, All Weather, Inc., Saywell International, The Gill Corporation., James Cropper plc., Hydra-Electric Company among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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