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Aerospace Lightning Strike Protection Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI2083

Aerospace lightning strike protection market share is expected to increase significantly between 2022 and 2028, driven by the rising need to improve the safety features of airplanes. Bad weather conditions like lightning strikes can cause unnecessary network disruptions and delays. Therefore, the demand for an advanced lightning strike protection system is growing as it can protect vital systems in an aircraft from damage.

According to an article by Boeing, around 70% of lightning-strikes take place during the event of precipitation. However, they can affect airplanes that are flying as far as 5 miles away from the electric center of the cloud.

If an airplane flies too close to the lightning, it can potentially damage important components, such as generators, electrically controlled fuel valves, electrical distribution systems, and power feeders. To that end, aircraft manufacturers have been working consistently to improve aircraft safety, which may augment the demand for lightning strike protection systems.

Airplane safety concerns drive lightning protection applications:

Aerospace lightning strike protection market share from the lightning protection application is anticipated to grow at a notable rate through 2028. The demand for a sound lightning protection system is growing among end-users in the aerospace sector to protect their aircraft from lightning strikes.

Reputed companies like Boeing are increasing their research and development activities to upgrade the performance of their lightning protection solutions. Some of the components include ground straps, wire bundle shields, aluminum flame spray coating, wire mesh, embedded metallic wires, and bonded aluminum foil, among several others. They assist the aircraft staff in the damage control operations and are bound to witness increasing demand in the years to come.

Fixed wing UAVs to widely use lightning protection systems:

Aerospace lightning strike protection systems will be highly demanded by users of the fixed wing UAVs. One of the major factors responsible for this is the ability of fixed wing UAVs to fly long distances with the help of a single battery.

Their engines can perform efficiently; however, they do not have a good lightning protection system in place, which makes them highly vulnerable to severe damages. Deployment of lightning protection solutions can greatly reduce the chances of damage from lightning strikes as they can protect the important parts of the fixed wing UAVs, thereby increasing their use among clients.

Retrofitting of aging aircrafts may increase:

Based on fit, the retrofit segment will hold a significant share of aerospace lightning strike protection market by 2028. There is a worrying increase in the number of aging aircrafts across the world, and it is important to ensure that the vital parts are replaced at regular intervals to improve their performance. Lightning protection systems must undergo constant technological upgrades to enhance the safety of the aircrafts, and retrofitting applications can greatly help in this regard, thereby amplifying their demand among end-users.

Demand for lightning strike protection systems grows across North America:

North America aerospace lightning strike protection market size may witness a notable CAGR through 2028 as the aerospace sector in the region is experiencing a period of boom. For example, the aerospace sector in Canada is expanding at a robust rate as nearly 50% of the country’s aerospace production takes place in Quebec. This shows the rising demand for airplanes in the region to keep up with the growing percentage of domestic and international travelers. Since the production of airplanes is increasing every year, the need to have a strong lightning strike protection system in place will also grow.

Bad weather conditions like thunderstorms can sometimes have disastrous effects on the functioning of an aircraft. Over the years, manufacturers have introduced several technological innovations to make aircrafts safer for flying for the crew as well as passengers, one of the advancements being aerospace lightning strike protection system.

There are stringent laws and regulations in place to ensure that all aircrafts are equipped with the latest lightning strike protection technologies. Regulatory bodies in Europe have recently issued a warning to the regional aerospace sector with respect to some patches of lightning protection being wrongly fitted in more than a dozen Airbus 350 jets. Such strict rules have compelled aircraft makers to create advanced lightning strike protection systems that keep flyers safe during extreme weather conditions.

Some of the reputed companies offering cutting-edge aerospace lightning strike protection solutions to their clients across the world include LORD Corporation, Henkel, Arconic, Hollingsworth & Vose Company, Wallner tooling/EXPAC, Lightning Diversion System, Boeing, and Dexmet Corporation, among many others. The organizations are inking partnerships and merger & acquisition deals with other firms to expand their product & service portfolios and strengthen their business capabilities.

For example, Parker Hannifin, a U.S.-based developer of motion and control technologies, in October 2019, announced that it had completed the acquisition of LORD Corporation, a leading producer of innovative coatings and adhesives for a cash transaction worth around $3.67 billion. This deal will help LORD increase the latter’s material science capabilities with the help of complementary products.

COVID-19 impact on demand for aerospace lightning strike protection solutions:

The COVID-19 pandemic had a negative impact on the use of lightning strike protection systems in airplanes across the world as authorities in several regions imposed strict lockdowns and travel restrictions. This led to a significant decrease in the number of passengers traveling by air. It also had an adverse impact on the movement of cargo via airplanes.

The above-mentioned factors eventually caused a decline in the demand for aerospace lightning strike protection solutions as the production of aircrafts slowed down. However, as the current situation is improving, there is an uptick in the air traffic and aircraft production, which will positively affect the installation of aerospace lightning strike protection systems.

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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