Aircraft Lightening Protection Market Continues Growth | 2018 Key Players are Cobham, L3 Aviation Products, The Gill Corporation, Saab, TE Connectivity, Dayton Granger, Dexmet, Saywell, Exel, Benmetal, Cooper Antennas, Avidyne, Protek Devices, Astroseal P

Market Overview:-

Global Aircraft Lightening Protection Market is projected to witness rapid growth over 2018-2024. Robust advancements in aircraft design coupled with the increasing need of conducting maintenance operations for aircraft fleet to comply with modern safety standards have been major factors driving the growth prospects of this industry. The last recorded fatal incident where a lightning strike caused a serious accident was in 1967, when a lightning bolt caused the airplane fuel tank to explode. Since then, numerous protection techniques have been developed and implemented with airplanes now going through a series of rigorous certification tests that verify safety measures. These safety certifications are not only perpetually fueling the aircraft lightning protection market but are also responsible for boosting the research and development efforts in the recent times.

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In order to cut down the excess weight and fuel consumption, aircraft manufacturers have been incorporating composite materials in the structural parts of the airplanes. One of the prominent examples of this trend is the Juno project by Haydale which recently developed the world’s first Graphene Skinned Plane that provides significantly improved lightning-strike protection while cutting down on aircraft weight. Reportedly, the electrical conductivity of these composites has been improved significantly for lightning-strike protection by incorporating functionalized nanoparticles into epoxy resins. In addition to the development of such high-grade airplanes, numerous industry heavyweights such as Airbus have kickstarted their own research and development initiatives which will propel the aircraft lightning protection market trends in the years ahead.

Top Key Players:-

• Cobham
• Saab
• TE Connectivity
• Dayton Granger
• Dexmet Corporation
• Astroseal Products
• Avidyne
• All Weather Inc.
• L3 Aviation Products
• Saywell
• Cooper Antennas
• Protek Devices
• Exel Group
• Niles Expanded Metals
• Benmetal
• Detect Inc.
• The Expanded Metal Company
• The Gill Corporation

Regional Segmentations:-

North America leads the aircraft lightning protection market owing to the increasing production and deliveries of airplanes. Government of the U.S & Canada and FAA introduced regulations regarding the weight of empty plane which will surge the application for composite materials. Implementation of procedures regarding conductive treatment for composites will increase the product demand.

Asia Pacific is expected to witness around 5% CAGR over the forecast timeframe owing to multiplying number of air passengers. Moreover, the reduction of airfare in developing economies such as India and China by the airline operators will further strengthen regional share.

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Major Points of Table Of Content:-

3. Aircraft Lightning Protection Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Supplier
3.3.2. Manufacturer
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Technology landscape
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. Asia Pacific
3.6.1.4. Latin America
3.6.1.5. MEA
3.6.2. Industry pitfalls & challenges
3.7. Innovation & sustainability
3.8. Growth potential analysis
3.9. Porter's analysis
3.10. Company market share analysis, 2017
3.10.1. Top players analysis
3.10.2. Strategy dashboard
3.11. PESTEL analysis

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Moreover, the retrofit aircraft lightning protection market is projected to get a massive boost as aircraft manufacturers are being offered with sizeable overhaul and maintenance contracts by prominent military forces. For instance, the Marine Corps has already started offering contracts for portable lightning rods as it was recently discovered that the F-35B variant of U.S. Air Force’s flagship stealth fighter – F-35 Joint Strike Fighter is incapable of handling lightning strikes.

Essentially driven by growing world-trade, escalating air traffic passenger figures, and a drastic increase in defense budgets of various countries, the growth prospects of the aircraft lightening protection market appear to be highly promising. In fact, according to the research report put together by Global Market Insights, Inc., the remuneration scale of aircraft lightning protection market is projected to surpass $3.5 billion by 2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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