Press release
What's Driving the Aircraft Lightning Protection Market Trends? | Cobham, Saab, Honeywell, TE Connectivity, Dayton Granger, Avidyne, L3 Aviation Products, Exel Group, The Gill Corporation
Aircraft Lightning Protection Market
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Rise in number of protection measures undertaken by airliners to avoid delays, interruptions, as well as reduce the impact of lightning strikes, is likely to drive global aircraft lightning protection market. Technology advancements in aircraft configuration with respect to mechanism, design, and material to make them safer, lighter and efficient may further boost industry expansion.
Key Companies: -
I. Cobham
II. Saab
III. Honeywell
IV. TE Connectivity
V. Dayton Granger
VI. Avidyne
VII. L3 Aviation Products
VIII. Exel Group
IX. The Gill Corporation
Changing consumer perceptions towards air travel as a faster, safer, and cost-effective transportation will boost expansion of air fleets. This may promote the demand for manufacturing of safer aircrafts. Extensive efforts to expand commercial airline fleets due to increasing air passengers across the world will positively impact aircraft lightning protection market growth.
Growing usage of low-cost carriers, as well as development of cost-effective solutions against lightning strikes, will also supplement expand aircraft lightning protection industry share over the coming years. aircraft lightning protection market is forecast to cross the USD 3.8 billion mark by 2026.
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 aircraft lightning protection 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.
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APAC region is slated to be the fastest growing regional market for aircraft lightning protection materials and is forecast to showcase growth rate of more than 6% over the analysis period. This can be attributed to the steady increase in air passenger traffic in the region. With rapid urbanization and growing disposable incomes of the population is increasing, and hence the preference for air travels. Growing demand for passenger aircrafts in the region may positively impact aircraft lightning protection market growth.
List of Charts & Figures from Aircraft Lightning Protection Market Report:
FIG 1 Industry segmentation
FIG 2 Industry landscape, (USD Million), 2016 - 2026
FIG 3 Industry ecosystem analysis
FIG 4 Growth potential analysis, 2018
FIG 5 Porter's analysis
FIG 6 Company market analysis, 2018
FIG 7 PESTLE analysis
FIG 8 Market volume share by product, 2018 & 2026
FIG 9 Market volume share by end user, 2018 & 2026
FIG 10 Market volume share by aircraft, 2018 & 2026
FIG 11 Market volume share by fit, 2018 & 2026
FIG 12 Aircraft lightning protection market share by region, 2018 & 2026
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/aircraft-lightning-protection-market
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