Aircraft Lightning Protection Market Emerging Trends to 2026| Honeywell, Cobham, Saab, TE Connectivity, Dayton-Granger, Inc., Avidyne, L3 Technologies, Saywell International, The Gill Corporation

Globally, aircraft lightning protection market is depicting immense traction due to the rise in airplane manufacturing activities. The higher purchasing power among people has led to increasing air travel for leisure, recreational, business or medical purposes. An aircraft lightning protection material renders electrical resistance to the aircraft parts such as nose, cowling, wingtip and the vertical tail in case of lightning.

Lightweight materials reduce the overall weight of the airplane in order to render optimum fuel efficiency. Manufacturers are using composites to design aircraft parts to achieve lower weight without compromising on quality.

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The Major Key Players in the Market are as follows:
o Honeywell
o Cobham
o Saab
o TE Connectivity
o Dayton-Granger, Inc.
o Avidyne
o L3 Technologies
o Saywell International
o The Gill Corporation

On the basis of product type, the aircraft lightning protection industry is categorized into lightning protection, and lightning detection & warning system. Lightning protection segment is further bifurcated into grounding wire/static wick, expanded metal foil, and transient voltage suppressors.

Currently, lightning detection & warning system holds a fair share in the market revenue and is estimated to register a CAGR of above 7% over 2019-2026. Such exponential growth can be attributed to beneficial features offered by these systems, such as monitoring the electric field and triggering warnings during potential lightning situations, which is likely to accelerate product adoption.

Aircraft lightning protection materials are deployed in a wide range of applications in civil and military aviation. These materials are essential for military aircrafts because lightning accidents can take the airplane out of service for an extended period of time which can be a potential risk for the sector as well as nations. Escalating government spending on military & defense aviation sector, as well as increasing defense budgets in various countries, such as the U.S., China, Russia, the UK, and India is likely to favor industry expansion. Military end-use sector is forecast generate a revenue of over USD 380 million over the forecast timespan.

Based on aircraft type, aircraft lightning protection industry is branched into commercial aircrafts, regional jets, business jets, military aircrafts, and helicopters. Shift in passenger preference for air travel will favor the expansion of regional jets. Moreover, modification and upgradation of ageing aircrafts for safety purpose may also change business outlook. From regional jet segment, aircraft lightning protection materials market is estimated to accumulate gains at more than 8% CAGR over the forecast period.

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Asia Pacific will emerge as a profitable revenue terrain for aircraft lightning protection industry over the forecasted timeframe. Rapid increase in disposable income among people has led to the increase in air passenger traffic in the region. Due to a robust tourism industry in countries like China, Malaysia, Singapore, India, Thailand and Korea there will be a subsequent rise in the number of foreign tourist arrivals.

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