Press release
Aircraft Lightning Protection Market Growth Accelerates: Strategic Forecast Predicts $8.34 Billion by 2029
Aircraft Lightning Protection
How Large Will the Aircraft Lightning Protection Market Size By 2025?
The size of the aircraft lightning protection market has seen swift expansion in the last few years. It is set to burgeon, moving from $5.14 billion in 2024 to $5.73 billion in 2025 with a compound annual growth rate (CAGR) of 11.3%. The historical growth has been influenced by factors such as the integration of sensors and detection systems, weather resilience and extreme weather events, focus on research and development, and air traffic increment.
How Big Is the Aircraft Lightning Protection Market Size Expected to Grow by 2029?
In the upcoming years, the market size for aircraft lightning protection is projected to experience robust growth, reaching a value of $8.34 billion by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 9.9%. Factors contributing to this anticipated growth during the forecast period include the increased market need for lightweight solutions, automation, sensor integration, globalization, and overall industry growth, as well as R&D investments in lightning protection and emphasis on climate resilience. Noteworthy trends expected to shape this period include the development of advanced materials, stricter safety regulations, advancements in aircraft technology, and heightened research and development efforts.
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Which Key Market Drivers Powering Aircraft Lightning Protection Market Expansion and Growth?
The aircraft lightning protection market is predicted to surge due to affordable air travel. As flights become more cost-effective, a greater number of individuals choose to travel by air more frequently. This results in a rise in aircraft production which fuels the expansion of the worldwide aircraft lightning protection market. For example, the Bureau of Transportation Statistics, a US government agency, reported that U.S. airlines transported 853 million passengers in 2022, reflecting a 30% increase from the 658 million passengers in 2021. This equates to an additional 194 million passengers on a year-on-year basis. The increase exhibited a notable growth from January to December 2022. Therefore, the demand for affordably priced air travel is predicted to stimulate the aircraft lightning protection market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Aircraft Lightning Protection Market?
The increased utilization of lightning sensor systems is a significant trend observed in the market. These sensor systems, installed on airplanes, act as electric field monitors that constantly assess the electrical environment of the aircraft. By doing so, the onboard algorithms can analyze the probability of a lightning strike, subsequently enhancing the safety measures. For example, the LSZ-860 lightning sensor system from Honeywell aids in identifying areas of lightning activities within a 200-nautical mile radius around the aircraft.
What Are the Emerging Segments in the Aircraft Lightning Protection Market?
The aircraft lightning protection market covered in this report is segmented -
1) By Fit: Line Fit, Retrofit
2) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs)
3) By Application: Lightning Protection, Lightning Detection And Warning, Static Wicks, Expanded Metal Foils, Transient Voltage Suppressors, Test Service
Subsegments:
1) By Line Fit: Integrated Security Solutions, Security Solutions Embedded, Pre-configured Zero Trust Security Systems
2) By Retrofit: Add-On Zero Trust Solutions, Legacy System Compatibility Solutions, Customizable Retrofitting Options
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Who Are the Global Leaders in the Aircraft Lightning Protection Market?
Major companies operating in the aircraft lightning protection market include The Boeing Company, Airbus SE, Honeywell International Inc., PPG Industries Inc., L3Harris Technologies Inc., Leonardo S.p.A., TE Connectivity Ltd., Textron Inc., Amphenol Corporation, Gulfstream Aerospace Corporation, Dassault Aviation SA, Bombardier Inc., Embraer S.A., Saab AB, Cobham plc, Ultra Electronics Holdings plc, LORD Corporation, The Gill Corporation, WireMasters Inc., Dayton-Granger Inc., Technical Fibre Products Limited, Dexmet Corporation, Lightning Technologies Inc., LSP Technologies Inc., AstroSeal Products Manufacturing Inc., Pinnacle Lightning Protection LLC
Which are the Top Profitable Regional Markets for the Aircraft Lightning Protection Industry?
North America was the largest region in the aircraft lightning protection market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft lightning protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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