Aircraft Lightning Protection Market Size (2024 - 2029)

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).