Global Aircraft Lightning Protection Market report published by Accurize Market Research forecast that the global market is expected to reach $27 billion by 2025. By geography, the Asia Pacific and North America are the major markets expected to maintain its trend throughout the forecast period, i.e., 2017 - 2025.

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Increased government spending on the military to drive the market
Increasing adoption of composite structures in aircraft program and high acceptance from military, regional, and commercial aircraft manufacturers due to aircraft protection fuel the demand for the global aircraft lightning protection market. Moreover, the emergence of new aircraft manufacturers in the Asia-Pacific region, and aviation guidelines and authorization standards about the use of Lightning Strike Protection (LSP) in aircraft also boosts the growth of the market.

Market Segmentation

The global aircraft lightning protection market is segmented based on aircraft type, fit, application, end-user, and geography. The aircraft type is sub-segmented into fixed-wing aircraft, rotary-wing aircraft, and unmanned aerial vehicles. The fixed-wing aircraft segment is further sub-segmented into narrow-body aircraft, wide-body aircraft, business aircraft, very large aircraft, regional transport aircraft, fighter aircraft, light aircraft, military transport aircraft, and fighter jets. Rotary-wing aircraft is further divided into military helicopters and civil helicopters. Line-fit and retrofit are the segmentation of fit segment. The application segment includes lightning detection & warning, lightning protection (expanded metal foils, static wicks, transient voltage suppressors), and test service. Furthermore, military and civil are the bifurcations of end-user.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is further bifurcated in the U.S., Canada, and Mexico whereas Europe consists of the UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.

“UAVs, by aircraft type anticipated to grow at the highest CAGR between forecast period,” says Accurize

By aircraft type, UAVs are expected to grow with the fastest CAGR owing to less demanding flight profile, lifetime, and environmental requirements than manned aircraft. Moreover, the UAVs segment has witnessed significant growth in the past few years due to the increasing applicability of UAVs in the commercial and defense sectors that have boosted the aircraft lightning protection market.

“Retrofit, is anticipated to gain the fastest CAGR between 2017 and 2025,” says Accurize

On the basis of the fit segment, the retrofit segment is projected to attain the fastest CAGR over the forecast period. The high growth in the segment can be seen in the upgradation and modification of an aircraft during the overhaul period, and key companies are dedicated to retrofitting the aging fleets of commercial aircraft. Moreover, the line fit is estimated to dominate the segment with major aircraft lightning protection market share.

“Lightning protection, by application, anticipated to gain the fastest CAGR between 2017 and 2025,” says Accurize

By application, the lightning protection segment is expected to achieve the fastest CAGR during the forecast period. The growth of this segment is attributed to the fact that various components of lightning protection including static wicks, expanded metal foils, & transient voltage suppressors help in decreasing the extent of damage produced due to lightning strikes on the aircraft.

“Civil, by end-user, is projected to grow with highest CAGR over the forecast period,” says Accurize

Based on the end-user segment, civil is projected to grow with the highest CAGR over the forecast period, owing to the growing civil aviation industry, due to rising air travel coupled with increased disposable income of the middle-class population.

“Asia-Pacific is anticipated to be the fastest-growing market during the forecast period,” says Accurize

Asia-Pacific is likely to attain the fastest CAGR throughout the forecast period, driven by factors such as increasing air passenger traffic and improving the economic conditions of the region. Moreover, emerging aircraft manufacturers in China, India, and Japan, are estimated to propel the demand for aircraft lightning protection in the coming years.

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Top players in the market

The key market players include Dexmet Corporation, Henkel AG & Co. KGaA, Lighting Diversion System, LORD Corporation, Astroseal Products Manufacturing Corp., Hollingsworth & Vose Company, GKD – GEBR. Kufferath AG, Arconic, Wallner tooling/EXPAC, and Niles Expanded Metals & Plastic among others