Future Market Insights has announced the addition of the “Aircraft Lightning Protection Market : Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 05/17/2019 -- The lightning strike is frequent on an aircraft and it is estimated that on average, lightning strikes occur every 1,000 hours of flight time of the commercial aircraft making aircraft lightning protection of a critical importance. When the lightning strike happens, lightning attaches itself to edges, such as the wing-tip or edge of the wing, travels along the outer body of the aircraft, nose and continues on to hit the ground. In a single lightning strike, Up to 1 million volts of current can be delivered. The damage imposed by lighting may vary depending on the duration of the lightning strike, amount of lightning energy dissipated by the aircraft body and the lightning attachment and exit sites on the aircraft. Lightning strikes can affect aircraft operations and can also cause service interruption and costly delays, to avoid these issues aircraft lightning protection is being used to reduce the significance of the strike.
The outer body of most of the aircraft is made of aluminium, being a very good conductor of electricity it provides the safe passage from point of impact to another point without interruption and connection from the interior of the plane. The aircraft lightning protection protects the aircraft from lightening by the preventive measure such as lightning detection & warning as well as neutralizing measure such as grounding the lightning to the rest of the aeroplane, after the lightning strike.
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Aircraft Lightning Protection Market: Dynamics
The growth of the aircraft lightning protection market is mainly due to the increase in aircraft fleet and new aircraft orders owing to increasing air routes and due to increasing passenger travel demand. The increase in production and expansion of aviation industry and the research and development which is carried out on mechanism, design, and material of the aircraft body to make it safer, lighter and efficient has also brought it in the growth phase in an area of innovation in the aircraft lightning protection market. Aircraft lightning protection in OEMs gains a larger market share owing to its end use application. Hence, establishing a healthy growth of the aviation market in the future will significantly boost the aircraft lighting protection market over the forecast period.
Also, the aviation industry has always been under the scanner of regulating authorities and is required to adhere to various guidelines issued by them. Such regulations existing in the aircraft lightning protection market have compelled manufacturers to develop products that are compatible with the present regulatory guidelines. The aircraft lightning protection is the essential safety requirements of the aircraft owing to which the aircraft lightning protection, manufacturer are also focusing on more effective technologies to safeguard the aircraft.
However, the factors such as the high cost of manufacturing setup and permits required for the manufacturing of aerospace components and strict standards and guidelines from regulating authorities may restraint the growth of the aircraft lightning protection market over the forecast period. However, the current trend to use better technology equipment for improved results will contribute towards the growth of the demand for aircraft lightning protection market during the forecast period.
Aircraft Lightning Protection Market: Segmentation
On the basis of application, the aircraft lightning protection market can be segmented as:
Expanded Metal Foils
Lightning Detection & Warning
Transient Voltage Suppressors
On the basis of the aircraft type, the aircraft lightning protection market can be segmented as:
Narrow Body aircraft
Wide Body aircraft
Aircraft Lightning Protection Market: Regional Outlook
Europe, followed by North America holds a major share in the global aircraft lightning protection market, owing to the presence of original equipment manufacturer (OEM) of aircraft in the region. Europe, North America and Latin America are expected to hold more than half of the market share of the global aircraft lightning protection market. Asia Pacific region is projected to show high growth in the aircraft lightning protection market, owing to initiatives taken by the government to increase manufacturing in the emerging economies such as China, India, and South Korea. Rest of the world is estimated to account for a relatively small share of the aircraft lightning protection market.
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Aircraft Lightning Protection Market: Market Participants
Some of the examples of the market participants operating across the value chain of the global aircraft lightning protection market are:
Parker Hannifin Corp
Astroseal Products Manufacturing Corporation
DAYTON-GRANGER, INC. (DG)
Pinnacle Lightning Protection, LLC
Honeywell International Inc
L3 Technologies, Inc.