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Aircraft Lightning Protection Market Size (2024 - 2029)

The aircraft lightning protection market is projected to experience growth over the forecast period, driven by increasing air passenger traffic and the modernization of airline fleets, which boost the demand for new aircraft. Additionally, military aircraft orders are rising as countries enhance their aerial capabilities, further contributing to market expansion. The COVID-19 pandemic initially disrupted supply chains and production, but the demand for helicopters and business jets for essential services has supported market resilience. Investments in research and development of advanced lightning protection materials by aerospace suppliers are also expected to bolster the market's growth trajectory.

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Market Size of Aircraft Lightning Protection Industry

Aircraft Lightning Protection Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 3.57 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Aircraft Lightning Protection Market Major Players

*Disclaimer: Major Players sorted in no particular order

Aircraft Lightning Protection Market Analysis

The aircraft lightning protection market is anticipated to increase from USD 2.92 billion in 2022 to USD 3.56 billion in 2028, registering a CAGR of 3.57% during the forecast period.

  • The COVID-19 pandemic had a significant effect on the aircraft lightning protection market. The onset of COVID-19 led to lockdowns in various countries, and this led to restrictions in terms of travel or trade between countries, leading to shortages in the end components for manufacturing aircraft cockpit systems and delays in terms of manufacturing of the end product by the original equipment manufacturers (OEMs).
  • Moreover, the pandemic led to supply chain disruptions and production-related issues in the military aircraft segment. On the other hand, though the orders and deliveries of general aviation aircraft witnessed a decline during the pandemic, there is a growth in demand for helicopters and business jets to transport medical supplies, cargo charter operations, and VIP transport. This is expected to help the growth of the market.
  • Aircraft are often struck by lightning, and to avoid damage, all aircraft are equipped with lightning protection materials and systems that avoid electric field concentration. With the rise in air passenger traffic, airlines are placing orders for new aircraft to expand and modernize their fleets. Likewise, several countries are striving to enhance their aerial combat and transport capabilities, resulting in new orders for military aircraft.
  • Such factors are simultaneously generating demand and driving the market for aircraft lightning protection. Also, growing investments in the R&D of advanced lightning protection materials by various aerospace material supplying companies may support the growth of the aircraft lightning protection market.

Aircraft Lightning Protection Industry Segmentation

Aircraft lightning protection prevents a lightning strike's electromagnetic energy from entering critical spaces, which include the interior of aircraft, electrical wires, and fuel tank, and it also protects generators, fuel valves, electronically controlled power feeders, and electrical distribution systems.

The aircraft lightning protection market is segmented by aircraft type, end user, and geography. Based on the aircraft type, the market is segmented into fixed-wing aircraft and rotorcraft. Based on the end-user, the market is segmented into commercial, military, and general sviation. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The market sizing and forecasts have been provided in value (USD billion).

Aircraft Type
Fixed-wing Aircraft
Rotorcraft
End-User
Commercial
Military
General Aviation
Geography
North America
United States
Canada
Latin America
Brazil
Rest of Latin America
Europe
United Kingdom
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Israel
South Africa
Rest of Middle-East and Africa
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Aircraft Lightning Protection Market Size Summary

The aircraft lightning protection market is poised for growth, driven by the increasing demand for new aircraft as airlines expand and modernize their fleets. The market is experiencing a resurgence following the disruptions caused by the COVID-19 pandemic, which had led to supply chain issues and delays in aircraft manufacturing. As air passenger traffic rebounds and countries enhance their military capabilities, the demand for aircraft lightning protection systems is expected to rise. This growth is further supported by investments in research and development of advanced materials by aerospace suppliers, aiming to improve lightning protection technologies.

The commercial aircraft segment is anticipated to lead the market, with major OEMs like Airbus and Boeing ramping up production and deliveries. The United States' defense budget allocations for new aircraft, including advanced combat and transport models, also contribute to market expansion. The market is characterized by a few dominant players, such as Astroseal Products Manufacturing Corp. and LORD Corporation, who are focusing on innovation and strategic acquisitions to strengthen their market position. The high entry barriers for new entrants indicate a consolidated market structure, with established companies leveraging their technological advancements and long-term contracts with OEMs to maintain a competitive edge.

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Aircraft Lightning Protection Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Aircraft Type

      1. 2.1.1 Fixed-wing Aircraft

      2. 2.1.2 Rotorcraft

    2. 2.2 End-User

      1. 2.2.1 Commercial

      2. 2.2.2 Military

      3. 2.2.3 General Aviation

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Latin America

        1. 2.3.2.1 Brazil

        2. 2.3.2.2 Rest of Latin America

      3. 2.3.3 Europe

        1. 2.3.3.1 United Kingdom

        2. 2.3.3.2 Germany

        3. 2.3.3.3 France

        4. 2.3.3.4 Russia

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 Asia-Pacific

        1. 2.3.4.1 China

        2. 2.3.4.2 India

        3. 2.3.4.3 Japan

        4. 2.3.4.4 South Korea

        5. 2.3.4.5 Rest of Asia-Pacific

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Israel

        4. 2.3.5.4 South Africa

        5. 2.3.5.5 Rest of Middle-East and Africa

Aircraft Lightning Protection Market Size FAQs

The Aircraft Lightning Protection Market is projected to register a CAGR of 3.57% during the forecast period (2024-2029)

Astroseal Products Manufacturing Corp., Dayton-Granger, Inc., Dexmet Corporation, Technical Fiber Products Ltd (James Cropper PLC) and LORD Corporation (Parker Hannifin Corporation) are the major companies operating in the Aircraft Lightning Protection Market.

Aircraft Lightning Protection Market Report Snapshots

Aircraft Lightning Protection Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)