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Market Driver Insights: The Impact of Recent Advances on the Aircraft Lightning Protection Market
Aircraft Lightning Protection Market
Projected Valuation and Growth Trajectory of the Aircraft Lightning Protection Market
The aircraft lightning protection market is anticipated to reach a valuation of $8.82 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.9%. This robust expansion is driven by the increasing incorporation of composite materials in aircraft manufacturing, rising demand for UAV lightning protection, growth in retrofit installations, and the tightening of certification standards. Additionally, innovations in aerospace materials and the growing scope of aircraft safety measures contribute significantly to this upward trend. Key developments during the forecast period include wider use of composite aircraft components, expanded retrofit solutions, enhanced aircraft safety protocols, and growth in specialized lightning testing services.
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Prominent Companies Leading the Aircraft Lightning Protection Industry
The aircraft lightning protection sector features several well-established companies, including Honeywell International Inc., PPG Industries Inc., L3Harris Technologies Inc., TE Connectivity Ltd., and Amphenol Corporation. Other significant players are Cobham plc, Ultra Electronics Holdings plc, LORD Corporation, Dayton-Granger Inc., Technical Fibre Products Limited, Dexmet Corporation, Lightning Technologies Inc., AstroSeal Products Manufacturing Inc., Pinnacle Lightning Protection LLC, Gill Corporation, Meggitt plc, Safran SA, Leonardo S.p.A., Saab AB, Airbus SE, and The Boeing Company.
In a notable development in October 2023, Safran Electrical & Power SAS, based in France, acquired the Aeronautical Electrical Systems division of Thales S.A. Although financial details were undisclosed, this acquisition strengthens Safran's position across the entire aircraft electrical chain. By integrating Thales's expertise in power conversion, generation, and electric motors, Safran aims to boost competitiveness in both civil and military aeronautics sectors. Thales's Aeronautical Electrical Systems unit specializes in electric conversion, power generation, and electric motors for aerospace applications.
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Detailed Segmentation Within the Aircraft Lightning Protection Market
The aircraft lightning protection market is segmented by fit, aircraft type, and application areas:
1) Fit:
- Line Fit
- Retrofit
2) Aircraft Type:
- Fixed Wing
- Rotary Wing
3) Application:
- Lightning Protection
- Static Wicks
- Expanded Metal Foils
- Transient Voltage Suppressors
- Test Services
Further breakdowns of subsegments include:
By Line Fit:
- Structural Lightning Strike Protection
- Expanded Metal Foils (EMF) and Metal Mesh Integration
- Lightning Current Return Path and Grounding Systems
- Static Discharge Systems
- Avionics and Power System Surge Protection
- Fuel Tank Lightning Protection Systems
- Factory Lightning Qualification and Certification Testing
By Retrofit:
- Retrofit Expanded Metal Foils and Conductive Coatings
- Add-On Static Wicks and Bonding Solutions
- Avionics Surge Protection and Wiring Shielding Upgrades
- Composite Structure Lightning Reinforcement Kits
- Fuel System Lightning Protection Retrofits
- Aging Aircraft Lightning Protection Upgrades
- Lightning Inspection, Repair, and Re-Certification Services
- Mixed Inert Gas Stored Initiators
This comprehensive structure highlights the diverse range of products and services included in the aircraft lightning protection market, catering to new aircraft installations and retrofit upgrades alike.
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