Aircraft Lightning Protection Market Size worth $3.8bn by 2026

Aircraft Lightning Protection Market size is set to reach USD 3.8 billion by 2026; according to a new research report by Global Market Insights, Inc.
 

Aircraft lightning protection materials offers electrical resistance to aircraft structures such as engine cowlings, nose, wingtips and the vertical tail during lightning strike. Lightning protection materials such as expanded metal foil, transient voltage suppressors, and grounding wire/static wick helps to absorbs the electric field from strike without damaging the fuselage of the aircraft.

 

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Swelling use of composites in aircraft manufacturing to drive growth

Increasing use of composites in aircraft manufacturing to reduce its weight and improve overall fuel efficiency will increase the demand for lightning protection materials in airplanes manufacturing over the near term. Composite materials have multiple advantages, but their limited resistance to current flow may damage aircraft structure. Thus, manufactures employ the use of lightning protection materials on external surfaces to improve the total conductivity of aircraft. Additionally, rise in spending of consumers towards tourism and air travel as a result of faster, safer & better mode of transportation will further expand aircraft lightning protection market share in the coming years.
 

Well-framed regulations to have significant influence

Several government and regulatory bodies such as Federal Aviation Administration (FAA), Society of Automotive Engineers (SAE) and Military Standards (MIL) has provided several guidelines for the deployment of protective materials in airplanes structures to improve their conductivity and ensure passenger safety. Thus, installation of advanced protective constituents in aircrafts to meet regulatory benchmarks will further drive the growth of aircraft lightning protection materials market demand.
 

Browse key industry insights spread across 300 pages with 361 market data tables & 12 figures & charts from the report, “Aircraft Lightning Protection Market Size By Product (Lightning Protection {Expanded Metal Foil, Static Wick/Grounding Wire, Transient Voltage Suppressors}, Lightning Detection & Warning), By End User (Civil, Military), By Aircraft (Commercial Aircraft, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Fit (Line-Fit, Retrofit), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aircraft-lightning-protection-market
 

By product, the industry is mainly classified into lightning protection, lightning detection & warning system, where lightning protection is further segmented into, grounding wire/static wick, transient voltage suppressors and expanded metal foil. Here, lightning protection materials will generate a revenue of more than USD 3.5 billion in 2026 owing to its extensive use of transient voltage suppressors in aircraft structures and on external surfaces.
 

Civil Vs Military End-Use Sector, 2018 (USD Million)
Civil Vs Military End-Use Sector, 2018 (USD Million)

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End-use sectors of aircraft lightning protection material include civil and military users. Here, civil segment will dominate the market with over 90% share due to the expansion in large aircraft fleet that accommodates air passengers. Moreover, growing per capita income as well as swift decline in air fares will further strengthen customer base to surge in flight iterations, this in turn will increase aircraft lightning protection market demand by 2026.
 

Based on aircraft types, commercial aircrafts lightning protection demand will account for around a third of global revenue in 2026. This is owing to expansion of commercial aviation sector and continuous increase in air passenger traffic, which in turn will boost commercial aircrafts growth.
 

Line fit lightning protection materials will generate a revenue of USD 3.5 billion in 2026 owing to extensive use of transient voltage suppressors, expanded metal foils, and grounding wires that are usually installed during the production of airplanes.
 

North America is likely to dominate the aircraft lightning protection market revenue with the significant growth rate of more than 5% by 2026, which is due to rise in aircraft production and delivery exports in the region. Moreover, U.S. Federal Aviation Administration regulations towards development of empty airplane weight have increased the use of composite materials in aircraft manufacturing. Thus, adoption of lightning protection materials for conductive treatment of composites will further improve regional product penetration.
 

Market is fragmented as regional manufacturers hold considerable share

Prominent companies in the global aircraft lightning protection market includes Cobham, Microsemi Corporation, Honeywell, L3 Aviation Products, Dexmet Corporation, The Gill Corporation and Saywell. Whereas, other important players in the industry are Saab, TE Connectivity, Astroseal Products, Wire Masters, etc.
 

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