Aircraft Lightning Protection Market to offer a healthy CAGR of 8.2% during 2020-25
February 13, 2020
Aircraft Lightning Protection Market Overview:
Aircraft Lightning Protection Market is likely to witness an impressive CAGR of 8.2% during the forecast period. Growing quantity of orders for the procurement of new aircraft across the world and the rising demand for more electric aircraft and glass cockpit are the significant growth drivers that are expected to drive the global aircraft lightning protection market.
Report Overview:
This new report from Stratview Research analyses the Aircraft Lightning Protection Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Lightning Protection Market Segment Insights:
Based on the application type, the market is segmented as test service, lightning detection & warning, and lightning protection. Lightning protection includes various mechanisms, such as static wicks, transient voltage suppressors, and expanded metal foils. These components support in minimizing the severity of damage caused owing to lightning strikes on the aircraft.
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https://www.stratviewresearch.com/toc/651/aircraft-lightning-protection-market.html
Dominance of: Fixed-Wing Aircraft and Linefit
Based on the aircraft type, the market is segmented as fixed-wing aircraft, rotary-wing aircraft, and unmanned aerial vehicles (UAVS). The fixed-wing segment is anticipated to significantly grow owing to the rising demand for new commercial aircraft, in the coming five years. Thus, the growth in commercial air travel across the globe and the rising defense expenditure of prominent economies are estimated to bolster the demand for aircraft lightning protection during the forecast period.
Based on the fit type, the market is segmented as linefit and retrofit. The linefit segment is expected to depict a higher growth during the forecast period against the retrofit segment. The estimated higher growth rate of the linefit segment is owing to the rise in procurement of aircraft orders coupled with their deliveries, economic development across regions, and an upsurge in air passenger traffic across the globe.
A highly/moderately/fragment consolidated Market
Some of the major players in the aircraft lightning protection market are Avidyne Corporation, Astroseal Products Manufacturing Corporation (Astrostrike), Cobham plc, Dayton-Granger, Dexmet Corporation, Honeywell International, Lord Corporation, Microsemi Corporation, National Technical Systems (NTP), and Pinnacle Lightning Protection.
Regional Hegemony of North America & the dominance of Civil Aviation Industry
In terms of regions, North America dominated the global aircraft lightning protection market in 2019, owing to the regional presence of major aircraft manufacturers, such as Boeing (US) and Bombardier (Canada). These aviation giants have major new aircraft orders, which are anticipated to propel the aircraft lightning protection market during the forecast period. The Asia-Pacific aircraft lightning protection market is expected to depict the highest growth in the coming five years. China and India are the growth engines of the region. The market is driven by the growing aviation industry, rising air passenger traffic, and ameliorating economic conditions in the region. Europe is also expected to offer substantial growth opportunities during the forecast period.
Based on the end-user type, the market is segmented as civil and military. The civil aviation industry has been registering significant growth over the previous few years, owing to the rise in air travel and upsurge in disposable income of the middle-class population. Increase in demand for passenger and cargo flights is one of the most significant contributors that is estimated to boost the demand for aircraft lightning protection devices in the coming five years.
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