The Aircraft Lightning Protection Global Market Report 2023 by The Business Research Company, provides aircraft lightning protection market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Aircraft Lightning Protection Global Market Report 2023, the market size is expected to grow from $4.15 billion in 2022 to $4.58 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global aircraft lightning protection is expected to grow to $6.58 billion in 2027 at a CAGR of 9.5%.
Cost-effective air travel is expected to boost the growth of the aircraft lightning protection market. With the increasing cost-effectiveness of flights, more consumers are opting to fly often, this leads to an increase in the manufacturing of aircraft, ultimately propelling the growth of the aircraft lightning protection global market.
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The aircraft lightning protection market is segmented:
1) By Application: Lightning Protection, Lightning Detection & Warning, Static Wicks, Expanded Metal Foils, Transient Voltage Suppressors, Test Service
2) By Fit: Line Fit, Retrofit
3) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles (UAVs)
The growing adoption of lightning sensor systems is a key trend gaining popularity in the aircraft lightning protection market. Lightning sensor systems on airplanes are electric field sensors on the aircraft that help continuously monitor the electrical environment of an airplane, through this system, onboard algorithms can determine the risk of lightning charge, helping improve the situation. For instance, Honeywell’s lightning sensor system, the LSZ-860 helps detect areas of lightning activity in a 200-nautical mile radius around the aircraft.
The aircraft lightning protection market report table of contents includes:
1. Executive Summary
2. Aircraft Lightning Protection Market Characteristics
3. Aircraft Lightning Protection Market Trends And Strategies
4. Aircraft Lightning Protection – Macro Economic Scenario
5.Aircraft Lightning Protection Market Size And Growth
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26. Africa Aircraft Lightning Protection Market
27. Aircraft Lightning Protection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Lightning Protection Market
29. Aircraft Lightning Protection Market Future Outlook and Potential Analysis
30. Appendix
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