Aircraft Lightning Protection Market 2021 Global Outlook -Astroseal Products Manufacturing Corp., PPG Engineered Materials, Dayton-Granger Inc

The Aircraft Lightning Protection market was valued at $894.7 million in 2013 and is expected to reach $1,379.1 million by 2025, at a CAGR of 9.0%.

MarketInsightsReports published a new research publication on “Aircraft Lightning Protection” Market Insights, to 2025 and enriched with self-explained data in presentable format. In the Aircraft Lightning Protection market study you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting Aircraft Lightning Protection market associated stakeholders. The growth of the market was mainly driven by the increasing spending across the world.

Some Of The Key Players Profiled In The Study Are-

Astroseal Products Manufacturing Corp., PPG Engineered Materials, Dayton-Granger Inc., The Gill Corporation, Parker Hannifin Corporation, Microsemi (Microchip Technology Inc.), Henkel AG & Co., Hydra-Electric Company, AEF Solutions, Conductive Composites, Technical Fibre Products Ltd, A.P.C.M. LLC,

 Sample Report + All Related Information-
https://www.marketinsightsreports.com/reports/10192353616/aircraft-lightning-protection-market-growth-trends-and-forecasts-2020-2025/inquiry?Source=OpenPR&Mode=Allie

Aircraft are often struck by lightning and in order to avoid damage, all aircraft are equipped with lightning protection materials and systems that avoid electric field concentration.

- With the rise in air passenger traffic, airlines are placing orders for new aircraft to expand and modernize their fleets. Likewise, several countries are striving to enhance their aerial combat and transport capabilities, which is resulting in new orders for military aircraft. Such factors are simultaneously generating demand and driving the market for aircraft lightning protection.

- Also, growing investments in the R&D of advanced lightning protection materials by various aerospace material supplying companies may support the growth of the aircraft lightning protection market.

Industry News And Updates on Aircraft Lightning Protection Market-

North America to Dominate the Market During the Forecast Period

The North American region is estimated to have the highest growth rate during the forecast period, due to increasing aircraft procurement in the United States, both by the military and commercial segments. Air travel to and from the United States increased significantly over the past decade. As a result of the increasing air passenger traffic, commercial airlines in the region are investing heavily to expand their fleet with new commercial aircraft. For instance, in July 2019, Delta Air Lines ordered five Airbus A220-100 aircraft. Earlier, in 2016, Delta Air Lines had placed an order for 75 A220 aircraft and later ordered an additional 15 aircraft in December 2018. Similarly, in June 2019, American Airlines ordered 50 Airbus A321XLR aircraft, which is the new longer-ranger version of Airbuss A321neo aircraft. The purchase agreement included the conversion of 30 American Airlines existing A321neo slots to A321XLRs and incremental orders for an additional 20 A321XLRs. Moreover, many other commercial airlines in the US are planning for the procurement of new commercial aircraft to extend their fleet. Such developments in the commercial segment may drive the aircraft lightning protection market in the region during the forecast period.

Key Market Trends On Aircraft Lightning Protection Market-

Commercial Aircraft Segment to Dominate the Market During the Forecast Period

The commercial aircraft segment held the highest market share in 2019. In 2019, more than 4.5 billion people traveled by commercial airlines around the world. The rise in air traffic is prompting airline operators to initiate procurement drives and place orders for new-generation aircraft. For instance, in July 2019, Air France-KLM signed a Memorandum of Understanding (MoU) with Airbus for 60 A220-300 aircraft to modernize its fleet. In December 2019, Air France-KLM Group ordered an additional 10 widebody Airbus A350-900s. In April 2020, Airbus received orders for 9 commercial aircraft (from its A320 product line) from Avolon. In April 2020, Airbus made 26 deliveries from the A320, A330, A350 XWB, and A320 neo aircraft families. Such orders from commercial airlines may generate demand for aircraft lightning protection, which, in turn, may propel the growth of the market during the forecast period.

Market Segmentation On Aircraft Lightning Protection-

Scope of the Report of Aircraft Lightning ProtectionMarket Trend-

Increasing Demand for Aircraft Lightning Protection as well as new opportunities in Emerging Countries.

Market Drivers-

The Aircraft Lightning Protection is Considered a source to drive more growth resulting in high demand among consumers. 

Challenges-

Finding that challenges assumptions for the consumers to opt or not for Aircraft Lightning Protection.

Opportunities-

Increasing Demand in the Industry for Aircraft Lightning Protection by the Consumers is Providing an Opportunity for this market.

Region Included In Aircraft Lightning Protection Market are-

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Browse Detailed Research Insights with Table of Content-

https://www.marketinsightsreports.com/reports/10192353616/aircraft-lightning-protection-market-growth-trends-and-forecasts-2020-2025?Source=OpenPR&Mode=Allie

TOC Continued…!

Competitive Landscape On Aircraft Lightning Protection Market-

Key Players to Forge Alliances to Create Sustainable Solutions

In a bid to speed up the research & development and production of sustainable Aircraft Lightning Protection market solutions, major market players are building alliances with other industry leaders to widen the scope of their businesses. The focus of these collaborations is to formulate the growth that will make the Aircraft Lightning Protection industry more profound, which in turn will future-proof these companies’ offerings.

Qualitative Insights on Impact of COVID-19 on Global Aircraft Lightning Protection Market
Supply Chain Analysis & Challenges due to Covid-19
Steps taken by Government / Companies to Overcome this Impact
Potential Challenges and Opportunities due to COVID-19 Outbreak

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This release was published on openPR.