Global Aircraft Lightning Protection Market Size By Product Type (Lightning Protection System (LPS), Transient Voltage Suppression (TVS)), By End-User (Commercial Aircraft, Military Aircraft), By Geographic Scope And Forecast

Aircraft Lightning Protection Market Size And Forecast

Aircraft Lightning Protection Market size was valued at USD 4.51 Billion in 2022 and is projected to reach USD 6.14 Billion by 2030, growing at a CAGR of 4.1% from 2023 to 2030.

Okay, so the aircraft lightning protection market is getting a boost from a few thingsmore people want those sleek, modern planes, and everyone's extra worried about safety these days. Plus, there's a lot of money being poured into improving airports and other aviation stuff. With air travel taking off, especially in Asia-Pacific, and airports getting bigger, you can expect this market to really grow. And guess who's leading the charge? The military, with all their spending and fancy new tech. Want the full scoop? Check out the Global Aircraft Lightning Protection Market report – it breaks down everything from key segments to what's driving the market (and what's holding it back), all while giving you a good look at the competition and the important stuff shaping the market.

Global Aircraft Lightning Protection Market Definition

Lightning protection for aviation? That's basically how we keep airplanes and everyone on board safe from nasty lightning strikes. Think about itlightning can seriously mess up a plane! So, these protection systems are designed to be like a highway for the electricity, guiding it safely around and through the aircraft's body so it doesn't cause any damage. A standard setup usually involves a grounding system, a lightning protection system (duh!), and something to spot incoming lightning. That's where the lightning detecting system comes in – it helps us find and track nearby thunderstorms and CG lightning strikes.

The purpose of the lightning protection system is to safely direct the lightning current around the aircraft, whilst the grounding system offers a route for the current to dissipate into the earth. The Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA), two aviation regulatory authorities, place strict safety criteria on aircraft lightning protection systems. These standards lay forth the specifications for the creation, evaluation, and approval of lightning protection systems.

Global Aircraft Lightning Protection Market Overview

The growing demand for air travel and the aviation industry’s increased focus on safety are driving the market for aircraft lightning protection systems. Impacts from lightning can lead to expensive repairs, downtime, and flight cancellations. Advanced lightning protection devices that can resist even the most powerful lightning strikes have been developed to protect passengers and airplanes from lightning strikes.

Due to their high conductivity and lightweight, expanded foil systems are predicted to rule the industry. Commercial, military, and general aviation are the market segments according to application. The commercial aviation category is predicted to have the biggest market share because of the strong demand for air travel and the growing number of commercial aircraft in operation.

Global Aircraft Lightning Protection Market Segmentation Analysis

The Global Aircraft Lightning Protection Market is Segmented on the basis of Product Type, End-User, and Geography.

Aircraft Lightning Protection Market, By Product Type

• Lightning Protection System (LPS)
• Transient Voltage Suppression (TVS)
• Surge Protection Devices (SPD)

Based on Product Type, the market is segmented into Lightning Protection Systems (LPS), Transient Voltage Suppression (TVS), and Surge Protection Devices (SPD). The LPS segment is expected to hold the largest market share due to its high demand for commercial and military aircraft. The TVS and SPD segments are also expected to grow at a significant rate due to the increasing demand for reliable and efficient aircraft lightning protection systems.

Aircraft Lightning Protection Market, By End-User

• Commercial Aircraft
• Military Aircraft
• General Aviation

Based on End-User, the market is segmented into Commercial Aircraft, Military Aircraft, and General Aviation. The commercial aircraft segment is expected to hold the largest market share due to the increasing demand for air travel and the rise in aircraft production. The military aircraft segment is also expected to grow at a significant rate due to the increasing defense budgets of various countries. The general aviation segment is expected to grow at a moderate rate due to the increasing demand for private and business jets.

Aircraft Lightning Protection Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Now, when we're talking about where in the world the Aircraft Lightning Protection Market is happening, it breaks down by Geography, right? We've got North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Seems like North America is predicted to be the biggest player, mostly 'cause all the big aircraft makers are there and, you know, tons of people are flying. But don't count out Asia Pacific! They're expected to grow fast with all the extra air traffic and plane production going on in places like China and India. Europe should see some growth too, a bit more moderate though, since they've got those big manufacturers as well, plus a rising need for super fancy lightning protection. As for Latin America and the Middle East and Africa, they'll likely grow at a more relaxed pace, mainly 'cause they're not churning out planes as quickly and might have tighter budgets.

Key Players

The “Global Aircraft Lightning Protection Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Honeywell International Inc., TE Connectivity, Dexmet Corporation, L3Harris Technologies Inc., Astroseal Products Mfg. Inc., The Gill Corporation, LORD Corporation, Costruzioni Aeronautiche TECNAM S.p.A., GKD-USA, Inc., Microsemi Corporation, and Cobham plc

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In 2020 – Saab announced the development of a novel lightning protection system for aircraft dubbed “Gripen Thunder.” The system is designed to minimize the risk of lightning impacts and the damage they cause.
• In 2019 – The Federal Aviation Administration (FAA) issued new lightning protection regulations for aircraft. These regulations require all newly certified aircraft to be equipped with lightning protection systems.
• In 2018 – The “StormScope” product was introduced to the Aircraft Lightning Protection Market 2018. The system, which was developed by L-3 Aviation Products, is intended to detect lightning strikes in real-time and provide pilots with up-to-date meteorological information.

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