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Aircraft Lightning Protection Market size valued at USD 3.09 billion in 2019 and will grow at a CAGR of 3.1% from 2020 to 2026. Favorable trends associated with the tourism sector will propel the industry growth.
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Increasing production of aircraft owing to the growing air passenger traffic and requirement to replace aging aircraft fleets will boost the market expansion. In January 2019, JetBlue signed an order to purchase 120 aircraft from Bombardier, Inc. According to the International Air Transport Association (IATA), the number of air passengers will be nearly eight billion by 2036, which is nearly double of the estimated four billion air travelers in 2018. These aforementioned trends will catapult aircraft manufacturing, thereby triggering the product sales in the future.
Rising R&D activities to propose new theories and development of new polymers will spur market penetration in the coming years. Stringent safety norms by several regulatory bodies for the integration of protective materials in aircraft structures and fuel efficiency will support industry value. Regulatory bodies including the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) are continuously developing aircraft lightning protection norms.
|Market Size in 2019:||3,099.2 Million (USD)|
|Forecast Period:||2020 to 2026|
|Forecast Period 2020 to 2026 CAGR:||3.1%|
|2026 Value Projection:||3,338.9 Million (USD)|
|Historical Data for:||2016 to 2019|
|No. of Pages:||275|
|Tables, Charts & Figures:||387|
|Segments covered:||Product, End-user, Aircraft, Fit, Region|
|Pitfalls & Challenges:|
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The emergence of new aircraft manufacturers with lightning protection materials, such as carbon laminate composite and fiberglass, has significantly contributed toward aircraft manufacturing facility set-up costs. Lightning protection tests involve the application of high current and voltage generation. These tests are performed in electrical test laboratories by experienced operators. The limited number of facilities in conjunction with expertise requirement are among the few factors that will continue to negatively influence the industry expansion.
Transient voltage suppressors segment in the aircraft lightning protection market accounted for more than USD 2.5 billion in 2019. There is an increasing requirement for active aircraft protection systems to respond to sudden or momentary overvoltage conditions. Transient voltage suppressor diodes offer critical protection in few nanoseconds after a strike by clamping the transient voltage. These systems protect critical flight applications associated with multiple engine control units, flight control systems, and actuator controls. Moreover, stringent regulations requiring the mandatory replacement of components after a definitive flight cycle to maintain airworthiness will further accelerate product growth.
Aircraft lightning protection market for civil segment is anticipated to witness around 3% growth rate till 2026. Increasing implementation of lightning protection systems in civil aircraft, such as Boeing and Airbus, is expected to fuel the market growth. Frequent lightning strikes cause severe damages to civil aircraft fuselage, thereby leading to excessive repairs. Furthermore, rising concern for passenger safety is compelling aircraft manufacturers to incorporate cutting-edge safety features within aircraft. Major aircraft manufacturers including Boeing and Airbus are performing in-house tests to ensure improved adequacy of lightning protection systems. These companies are also engaged in offering improved protection from lightning strikes by coating and covering aircraft composite parts with expanded foils and wire meshes.
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In 2019, the business jets segment captured more than 20% of the aircraft lightning protection market share owing to the rising inter-continental business activities. Geographic expansion of companies has led to increase in travelling in various regions, thereby positively influencing the industry size in the near future. The adoption of composite materials in business jets to resist current flow during lightning will further augment segment growth.
The line-fit segment accounts for over 90% of the revenue share led by the installation of conductive materials to safeguard airplane structure from lightning strikes. Aircraft manufacturers are designing systems and components including expanded metals that can withstand & dissipate electrical discharge of strikes while providing immediate weight reduction on lightning protection components. Market players are investing in R&D to enhance electrical conductivity. OEMs are manufacturing products, such as transient voltage suppressors, static wicks, and expanded metal foils, to overcome the shortcomings of composite materials, thereby providing a positive outlook for the market value.
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North America aircraft lightning protection market is poised to expand at more than 3% CAGR through 2026 impelled by the presence of key aircraft manufacturers in North America offering a wide range of aircraft. Rising aircraft production to cater to the ever-growing consumer demand is further leveraging industry growth over the forecast period. Technological advancements in aircraft manufacturing including increasing utilization of composite materials and lowering of overall system weight are prompting regular updates on stringent lightning safety regulations.
Some of the prominent companies operating in the aircraft lightning protection market are Honeywell International, Inc., Saab, Cobham, Dayton-Granger, Inc., TE Connectivity, Astrosela Products, Dexmet Corporation, L3 Aviation Products, Avidyne, All Weather, Inc., Saywell, and Protek Devices. These manufacturers are forming alliances, investing in research & development activities, and expanding product portfolio to gain an advantage over their competitors.
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Market, By Product
Market, By End-user
Market, By Aircraft
Market, By Fit