The Aircraft Lightning Protection market was valued at USD 3.86 Billion in 2016 and is projected to reach USD 5.52 Billion by 2022, at a CAGR of 6.13% during the forecast period.
The objective of this study is to analyze, define, describe, and forecast the aircraft lightning protection market based on application, end user, aircraft type, fit, and region. The report also focuses on the competitive landscape of this market by profiling companies based on their financial positions, product portfolios, growth strategies, and analyzing their core competencies and market shares to anticipate the degree of competition prevailing in the market. This report also tracks and analyzes competitive developments, such as technological disruptions, and research & development (R&D) activities in the aircraft lightning protection market. The base year considered for this study is 2016 and the forecast period is from 2017 to 2022.
This research study involved extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva to identify and collect relevant information on the aircraft lightning protection market. Primary sources included industry experts from this market as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all the segments of the industry’s value chain. Both, top-down and bottom-up approaches were used to estimate and validate the size of the aircraft lightning protection market. Data triangulation and market breakdown procedures were also employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments.
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Market Ecosystem
The aircraft lightning protection market has been segmented on the basis of type, application, fit, aircraft type, and region. Cobham (UK), Saab (Sweden), NTS Pittsfield (US), Dexmet (US), Astroseal Products (US), Dayton-Granger (US), Pinnacle lighting protection (US), Honeywell (US), L3 Technologies (US), and Avidyne (US) are some of the main manufacturers in this market.
Based on application, the aircraft lightning protection market has been segmented into lightning protection, detection & warning system, and test services. Lightning protection comprises different components, such as static wicks, transient voltage suppressors, and expanded metal foils. These components help in reducing the extent of damage caused due to lightning strikes on the aircraft.
Based on end user, the aircraft lightning protections market has been segmented into civil and military. The civil aviation industry has been witnessing growth over the past few years, owing to increase in air travel and rise in disposable income of the middle-class population. Increase in demand for passenger and cargo flights is one of the most significant factors projected to drive the demand for aircraft lightning protection devices.
Based on fit, the market has been segmented into linefit and retrofit. The linefit segment is projected to grow at a higher CAGR as compared to the retrofit segment during the forecast period. The projected higher growth rate of the linefit segment can be attributed to the increase in aircraft orders as well as deliveries, economic growth across regions, and an increase in air passenger traffic.
Based on aircraft type, the aircraft lightning protections market has been segmented into fixed-wing aircraft (narrow body, wide body, very large aircraft, regional transport, business jet, light aircraft, fighter and transport carriers) and rotary-wing aircraft (civil and military helicopters), unmanned aerial vehicles. The fixed-wing segment is expected to grow due to the increasing demand for new commercial aircraft. Hence, the increase in commercial air travel globally and the rising defense budgets of prominent economies are expected to drive the demand for aircraft lightning protection.
Full Report @ https://www.marketsandmarkets.com/Market-Reports/aircraft-lightning-protection-market-938330.html
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